CHAPTER 7 The Showdown of Smart Systems Flashcards
What is the Burj Khalifa known for?
It is the tallest building in the world and employs numerous smart systems for various functions.
These systems include ventilation, air conditioning, lighting, water management, and more.
What shift is Honeywell focusing on in their products?
From brick-and-mortar structures to ‘steel, glass, and click’ systems, integrating digital technologies.
This shift allows data to travel through physical materials in which people live and work.
How has Honeywell contributed to the Burj Khalifa?
By supplying integrated HVAC systems that enable real-time data collection and anomaly detection.
This has led to a significant reduction in maintenance hours and improved asset availability.
What is a key feature of the systems used in modern buildings?
They are interconnected and capable of seamless dataflows, enhancing efficiency and coordination.
This integration wasn’t possible in the analog age due to independent product optimization.
What are the three independent phases of the building industry?
Design, build, and operate.
Each phase has traditionally been controlled by companies with little coordination.
Why is real-time data access important for facility managers?
It provides end-to-end visibility for optimizing resource use, comfort, and accessibility.
Without real-time data, task assignment and problem resolution are inefficient.
What is a ‘building twin’?
A digital representation of a building that can save energy and ensure reliability.
It acts as a single source of truth for real-time data on building performance.
What does ‘fusion systems’ refer to?
Systems that integrate multiple products and analyze data to improve performance and occupant experience.
These systems track and analyze vast amounts of data across various components.
What is the significance of data network effects?
They enable insights from multiple buildings to be leveraged for better performance and decision-making.
This is particularly important for companies like Honeywell operating in numerous facilities.
What is the primary challenge for companies transitioning to fusion systems?
Avoiding the misconception that big data alone leads to data network effects.
Successful fusion systems require strategic integration and interaction among components.
What are the four crucial steps for companies pursuing fusion systems?
- Architect new systems with digital hooks
- Organize operations for seamless integration
- Accelerate updates to systems
- Monetize systems to unlock new value
These steps are iterative and involve continuous feedback.
What is the inside-out approach to architecting fusion systems?
Identifying how products and services fit into different fusion systems and ensuring seamless dataflow.
This approach focuses on interconnections and partnerships.
What does the outside-in, future-backward approach entail?
Starting with desired outcomes and working backward to identify new technologies and system interconnections.
This approach emphasizes external trends and opportunities.
How can companies derive competitive advantages in fusion systems?
By creating products that not only operate independently but also integrate effectively with others.
Customers increasingly prefer systems that work together over standalone products.
What is the outside-in, future-backward approach?
A design strategy that starts with the desired outcome and works backward to identify how to connect offerings into a broader system.
What technological advancements enabled Uber and Lyft’s mobility systems?
High-resolution maps on smartphones with 5G cellular capabilities.
What was the outcome of Honeywell’s AI-automated energy optimization pilot project?
Reduced energy expenses by a minimum of 10 percent.
What are the three issues business leaders must address to capitalize on fusion systems?
- Interlinking data across engineering disciplines
- Ensuring all functions focus on fusion systems
- Looking beyond the company to suppliers and partners
True or False: Systems thinking has consistently delivered results in organizations.
False.
What is the role of orchestrators in fusion systems?
To strategically coordinate and harmonize various interdependent components and subsystems for efficient operations.
Fill in the blank: Business ecosystems refer to the interconnected networks of organizations, including _______.
[suppliers, distributors, customers, and competitors]
What is a tripartite digital twin?
A digital representation that interlinks previously independent parts of a system.
How do fusion systems create value in an industrial setting?
By integrating analog and digital technologies across companies.
What is the difference between the innovation phase and the implementation phase in fusion systems?
- Innovation phase: Characteristics and capabilities are defined
- Implementation phase: Roles and responsibilities are better defined and value is shared
