Bosch Software Innovations

“Bosch ConnectedWorld” conference Bosch connects the virtual and the real worlds Bosch CEO Denner: “Bosch offers solutions for connected life”

  • New business models with high customer benefit
  • Bosch Software Innovations offers software and systems solutions
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  • February 05, 2014
  • Bosch Software Innovations
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press release

    As great numbers of devices are connected to the internet of things,
    a new domain is being created – one that touches on nearly every facet of our lives.
    New customer-centric business models are taking shape.
    At many levels, Bosch is taking advantage of the opportunities that arise.


Berlin/Stuttgart – The future is connected. The internet allows objects and devices, entire homes, and even power plants or cities to communicate with each other. By interacting in this way they create what is known as the internet of things, bringing independent components together to form a new domain – and linking together different aspects of life such as energy, the home, mobility, and work. From February 5-6 in Berlin, the “Bosch ConnectedWorld” conference will showcase some of the many possibilities generated by this connectivity megatrend. The conference is being organized by Bosch Software Innovations, the Bosch Group's software and systems unit, which brings all the group's activities in this arena under one roof.

Sensors – software – business models
This new connectivity is based on sensors that record data from objects and electrical devices, passing it on via wireless internet connections. A dedicated software program analyzes and combines this data according to different criteria – and this data interplay gives rise to new business models. For instance, owners of electric vehicles can use an app to reserve a charge spot, while buildings can calculate their energy consumption autonomously and source the electricity they need from a range of suppliers in the most cost-efficient and sustainable way possible.

All components available
Bosch is a world leader when it comes to microelectromechanical systems (MEMS) sensors. Bosch Software Innovations' products have already proved their worth in 600 international projects. Wireless networks and energy-saving transmission technology are already widespread. For Denner, one thing is certain: “It isn't a question of whether the objects will become internet-capable, but when.”

Example of a Bosch application
Bosch has developed a telematics solution that is already helping insurers and leasing companies today, Denner says: “The solution can be used to operate vehicle fleets spread over several locations. Because the system collects data on the condition of the vehicles, repairs can be planned before any damage occurs. Meanwhile, it lets insurance companies offer better rates to people who always drive their vehicle carefully – because that's also something the sensors can register.”

Four key elements brought together
This application already brings together the four key elements of the connected world: cars (the physical assets), their drivers (private or commercial end users), an enterprise (the fleet operator), and an entire ecosystem of other parties that render the services (auto repair shops, insurers, and other service providers).

Driven by collaboration
“This interaction of sensors, software, and services is the basis of the internet of things,” Denner says. “We are not creating technology for its own sake, but developing new business models whose main concern is customer benefit. That is why the main force driving the connectivity trend is collaboration between companies that have never before had business dealings with each other. All of us – industry, retail, service providers, and tradespeople – have to fully comprehend the possibilities. And we have to cultivate a more 'connected' mindset.”

Bosch and the internet of things
Bosch is well positioned to meet this challenge. Bosch Software Innovations develops software and system solutions for the internet of things. Its core product is a software suite that delivers the technical underpinnings for the required networks, enabling companies to implement their new business models straight away. The focus is on fields such as connected mobility, connected energy, smart homes, and smart factories.

In addition, Bosch recently founded a separate company dedicated entirely to the internet of things. Bosch Connected Devices and Solutions GmbH offers the compact electronic products and the software know-how needed to make devices and objects internet-capable in a wide range of application areas. The company will initially concentrate on sensor-based applications for households (“smart home”) as well as for the transportation, traffic, and logistics segments. Bosch Sensortec is a world leader in micromechanical sensors for the internet of things, with some three million of these tiny components being produced every day at the company's state-of-the-art wafer fab in Reutlingen, Germany.

Bosch has announced that it is to set up a consortium with ABB, Cisco, and LG to develop a joint “smart home” data standard. What is more, in the “Monaco 3.0” pilot project, which kicked off in November 2013, Bosch has been testing the technologies required to digitally interconnect an entire city. As Denner emphasizes: “Our broad footprint and technological expertise give us a clear innovative advantage on these projects.”

Contact persons for press inquiries
- Dr. Ingo Rapold, phone +49(711)811-48905, Ingo.Rapold@de.bosch.com
- Thilo Resenhoeft, phone +49(711)811-7088, Thilo.Resenhoeft@de.bosch.com

Internet
About Bosch Software Innovations:
http://bit.ly/1erzfZn
Conference program:
http://bit.ly/1dFUA2w
About MEMS sensors:
http://bit.ly/1b0wfm1
About the smart home consortium:
http://bit.ly/1hE1YOb
Dr. Denner's call for collaboration:
http://bit.ly/1jAI22x
Establishment of Bosch Connected Devices and Solutions GmbH:
http://bit.ly/1j13ElH

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com and www.bosch-press.com, http://twitter.com/BoschPresse.

PI8444 - February 05, 2014

Your contact person for journalists

Thilo Resenhoeft

+49 711 811-7088 Send Email

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