Honeywell and Analog Devices have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which will help reduce cost, waste, and downtime. The strategic alliance would bring this new technology to building management systems for the first time.

Digitizing building management systems will allow managers to reduce energy consumption through real-time decisions, while it will upgrade a building's network performance and security to current Internet-protocol networks without extensive costs and remodeling.

"For more than a decade, ADI and Honeywell have collaborated on driving the next waves of innovation," said Martin Cotter, senior vice president, Industrial and Multi Markets and president of ADI EMEA region.

"In this next phase of our work together, we are thrilled to see these ADI technologies move beyond factory automation and into Honeywell's building management system to help customers reduce building energy consumption, which can save money, improve resiliency, and help meet emissions reductions goals."

"Honeywell is revolutionizing building management systems to help building owners tackle biggest challenges," said Suresh Venkatarayalu, Honeywell's chief technology officer. "This collaboration with ADI would offer building owners the ability to upgrade and enhance their wiring without a significant upfront investment, and with less labor and environmental impact."