Honeywell 2014 Annual Report Download - page 5

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The software focus is important because of our 22,000 or so engineers, more than half
are already developing software. We develop it at three levels… simulation, product
enhancement, and as a business. All these are important. It is for this reason that several
years back we embarked on a process to become CMMI (Capability Maturity Model
Integration) Level 5 across the company. While those who don’t do it consider it bureaucratic,
the fact is it makes you a much better developer of software. We will continue to improve our
capability and to develop value adding software business models. Thirty years from now we
believe there will be thriving Industrial companies who have software capability and struggling
Industrial companies who don’t. We intend to be the former.
HUE, which puts us in the shoes of the user, the installer, and the maintainer as we
develop products and services, seems like basic common sense. It is. But as we all know, in
business and the world, common sense is not so common. These tools do a great job in
helping us develop products that truly solve customers’ issues as opposed to products we
think solve their issues. There is a big difference between those two. The new products
developed with HUE tools are fabulously better than the ones that preceded. All of our
General Managers have been trained in HUE principles and are employing these tools in all
new product development. This is some great stuff.
Summary
It is a great time to be a part of Honeywell. What we have accomplished has been very
rewarding of course for us, our customers, and our shareowners. What gets us excited
though is seeing how much more is possible! We have so much upside, so much more we
can do. It’s not like we are having to look for ideas. They are all around us. That’s what
makes it exciting to be a part of Honeywell.
DAVID M. COTE
Chairman and Chief Executive Officer