Stuttgart and Berlin, Germany – Bosch has reached the next milestone on the road to becoming a leading global IoT supplier. The company’s first step was to give cars, machines, buildings, and other everyday objects connectivity – millions of times over. Bosch sold 52 million web-enabled products in 2018 alone, over a third more than in the previous year. Using its open-source-based Bosch IoT Suite, the company has already connected more than 10 million devices from various manufacturers. Bosch is now working with partners to enable these things to communicate and interact in secure ecosystems. The leading supplier of technology and services is offering a glimpse into the future of connected mobility, industry, and life at Bosch ConnectedWorld 2019 (BCW19) in Berlin, an industry gathering featuring the tagline “From the internet of things to the economy of things.” Distributed ledger technologies (DLT) such as blockchain may well become the key technology in these domains. “By merging the physical and digital realms, we are making people’s everyday lives easier,” said Bosch CEO Dr. Volkmar Denner at BCW19, where he addressed some 5,000 technology buffs from the political, business, scientific, and public arenas. “In the future, things will not just be connected in order to communicate, they will do business together.”
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About Bosch
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, 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 470 subsidiary and regional companies in over 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 136 locations across the globe, Bosch employs some 85,500 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.