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Bosch Connected World 2022: For Bosch, digitalization presents major opportunities in all areas of business

Christiane Wild-Raidt

Christiane Wild-Raidt >

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Dr. Stefan Hartung,

chairman of the board of management, Robert Bosch GmbH,

at the media roundtable at Bosch Connected World in Berlin on November 9, 2022.

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Ladies and gentlemen,

From mobility to the factory to the home: In all business sectors, Bosch is focusing on connectivity and on artificial intelligence. In concrete terms, this means that connected products provide data about their use. Artificial intelligence can draw conclusions from these data volumes in seconds, enabling us to develop and offer completely new services. The objective is to make work easier, roads safer, buildings more energy efficient, and our home appliances even more useful – true to our “Invented for life” ethos.

To achieve this, Bosch plans to spend ten billion euros on digitalization and connectivity by 2025. Two-thirds of this will go toward developing and expanding promising new technologies, with a focus on sustainability, mobility, and Industry 4.0. We are investing in the digitalization and connectivity of our business and in our associates – who are the key to digital innovation. Today, a strong team of 40,000 software developers worldwide is working to actively shape the connected world. And we are investing in their training and development, as well as in successful careers in the Bosch world. We are also working to remain an attractive employer for high potentials in many areas of future importance and to expand our position.

I firmly believe that for Bosch, digitalization presents major opportunities in all areas of business. We are doing everything we can to leverage those opportunities. We are also using digitalization and connectivity in the fight against climate change – one of the greatest challenges of our age. This fight is too much for one company to accomplish on its own. It will require that we pull out all the stops and exploit all the possibilities technology has to offer. Most recently, the importance of taking action has been brought home to us by the UN Climate Change Conference, which is taking place as we speak. Climate action needs determination and digital technologies – and we have both. On this subject, I would like to present two new Bosch approaches to you.

The first is a cloud-based software solution our startup Decarbonize Industries is developing together with the energy provider EWE AG. The objective is to help industrial enterprises decarbonize faster by providing a roadmap at the click of a mouse with the actions that need to be taken. The solution is a platform that, in the future, will draw on current data from the energy market, legislation, and other sources to show companies the best possible route to greater sustainability.

How many charge spots does a company need to install to use up surplus solar power? How much hydrogen electrolysis do we need to run stationary fuel-cell plants? These are the questions that will be addressed by the software solution. But see for yourselves: our team is presenting the solution here at BCW in hall 7 (booth 45). Another contribution to fight climate change.

Our second approach is to supercharge research in the field of quantum technology. That is why we are partnering with IBM on quantum computing. Our aim for the next ten years is to use quantum-based simulation of new materials for example to reduce the amount of precious metals and rare earths in carbon-neutral powertrains – in both the electric motor and the fuel cell. In areas where even the most powerful of today’s computers reach their computational limits, quantum computers hold out the promise of much vaster, unprecedented possibilities.

What does this partnership cover? How can quantum technology help prevent global warming? How are we digitalizing our business? How do connectivity and artificial intelligence help us develop even better products? We will go into these subjects in more detail in just a moment in the discussion round.

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 420,000 associates worldwide (as of December 31, 2022). According to preliminary figures, the company generated sales of 88.4 billion euros in 2022. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. 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 Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 128 locations across the globe, Bosch employs some 85,000 associates in research and development, of which nearly 44,000 are software engineers.

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 upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. 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.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.

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