Bosch Software Innovations

First Bosch ConnectedWorld Conference Connected solutions can create jobs in Germany Conference in Berlin attended by more than 400 experts

  • Success of networked solutions depends on high level of benefit
  • Second conference planned for 2015
  • New alliances for the internet of things
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  • February 11, 2014
  • Bosch Software Innovations
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press release

Stuttgart/Berlin – If the internet of things is to gain widespread acceptance, its main focus has to be a high level of benefit. This was the message from the Bosch CEO Volkmar Denner at the “Bosch ConnectedWorld” conference in Berlin. Held on February 5 and 6, this was the first conference of its kind. Attended by more than 400 experts, it focused on smart batteries, smart homes, and smart sensors.

Huge market potential
The delegates agreed that the internet of things opens up huge market potential. By 2015, Bosch expects that roughly 75 percent of the global population will have access to the internet, and that six billion things will already be connected to the web. This growth is happening at a high exponential rate.

The opportunities presented by smart factories
On the internet of things, parts and machines can also exchange information, allowing industrial manufacturing to be made more flexible. This will effectively create “smart factories” which are expected to lead to considerable increases in productivity, with opportunities opening up for German industry both as a supplier and a user. “The internet of things, and the smart factories that go with it, has the potential to create and preserve jobs in a high-wage location such as Germany,” Denner said. In this context, Bosch expects to see many new alliances, including between companies that have so far had nothing to do with each other.

Cross-industry conference
Delegates to the Berlin conference – which included speakers from Cisco, BMW, McKinsey, Vodafone, and the University of St. Gallen – came from a wide range of industries, and from companies of all sizes. “This also shows how important alliances are for putting connected solutions into practice – all of us expect to see new alliances among completely new partners who have hitherto worked in completely different domains,” said Dr. Rainer Kallenbach of Bosch Software Innovations. This subsidiary, the group's software and systems unit, employs 600 associates. It also organized the conference. A second conference is planned for 2015.

A wealth of opportunities for Bosch
The internet of things and services will change business and society. The technological basis already exists: tiny radio sensors can automatically record the status of any object and transmit this over the internet. Using the right software, this data can be evaluated and used as the basis for decisions. This opens the door to a whole new world of business models. As Kallenbach emphasized, this means a wealth of opportunities for Bosch: “The internet of things is not only relevant for industry, but also for mobility, energy, smart homes, and smart cities. Right now, Bosch is unsurpassed when it comes to covering this breadth and depth of applications – from the tiniest sensor to the connected city.”

Internet
What is the internet of things?
http://bit.ly/1fBxdru
The “sensory organs” of the internet of things:
http://bit.ly/1bB9Qiv
The huge economic potential of the internet of things:
http://bit.ly/1bvt5qE
Smart factories: machines that organize themselves
http://bit.ly/MwKV6p
Energy harvesting for the internet of things:
http://bit.ly/1lFc33b

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.

PI8454 - February 11, 2014

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