Internet of things and services

A new development affecting many people's everyday lives

In the near future, more and more devices and systems will be capable of sending and receiving data automatically via the internet. This will give rise to completely new services, which will change people’s everyday lives. When referring to this development, we speak of the “internet of things and services.” Today, we can only guess what this new technology will mean, just as we could only guess what the worldwide web would mean when it was launched, or how cellphones would change our lives when they began to be used en masse in the 1990s. In just a few years from now, it is expected that countless billions of devices and systems will be able to exchange data independently. Elevators and air-conditioning systems, for example, will communicate via the web with their maintenance centers, which will then coordinate repairs. Cars will communicate with traffic guidance systems to provide an up-to-the-minute overview of the traffic situation, and containers will be able to transmit their position in real time to a logistics center, which will then automatically direct a truck to the pick-up point and make warehouse space available. When talking about this increasingly intense link between physical and computational elements, experts speak about “cyber-physical systems,” or CPS. By contrast, the term “machine to machine,” or M2M, is used to refer to the wireless interconnection of devices.

Bosch has already come up with some initial practical applications in connection with the internet of things and services. At the company’s Homburg plant, crates are equipped with RFID transmitters, allowing materials flows in production to be tracked in real time. And as a subsequent development, it is planned that products will automatically transmit their position to the plant’s logistics center. In Singapore, Bosch is currently setting up a complete e-mobility system. It will direct drivers to the nearest vacant charge spot and take care of billing procedures with the utility company. But this software platform can do much more. Car rental companies, park garage operators, and retailers can also use this platform, which has deliberately been designed to allow competing companies to use it. The example of Singapore shows how completely new business models can emerge for the most diverse market players.

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Tags: Of Things, Internet, E Mobility

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). The company generated sales of 78.5 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. 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 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 Bosch Group comprises Robert Bosch GmbH and its roughly 460 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. The basis for the company’s future growth is its innovative strength. At nearly 130 locations across the globe, Bosch employs some 68,700 associates in research and development.

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-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.

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