Reports: Bosch Could Be Eliminating Industrial Mistakes in 2-3 Years via IoT

Reports: Bosch Could Be Eliminating Industrial Mistakes in 2-3 Years via IoT

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Bosch is a brand ambassador of most the everyday households which are familiar with anyone who’s ever attempted DIY. We want to give a big thanks to Bosch’s work within the industrial internet of things (IIoT) where they provide the equipment like sensors, cloud services and more. However, in industrial circles. the company’s considerable prestige among consumers is now being superseded by its reputation.

Bosch is frequently named as one of the most powerful and important companies along with the likes of Cisco, Dell and IBM in the IoT space. Also, last year Bosch CEO Volkmar Denner claimed they “offer all the ace cards for the connected world from a single source”.

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Eli Share, head of mobile and IoT for Bosch Power Tools, where he drives strategy, process and “points of entry” relevant to IoT across the entire Power Tools division, which encompasses everything from DIY tools to industrial devices.

“Our user segments are very diverse when we look at IoT solutions; the needs of a ‘DIY-er’ are very different from those working in, say, construction,” Share explains.

“This might be the first time that Bosch is looking at these industries [manufacturing, construction etc.] as ‘open standards’.

“We have a lot of point solutions, but if we don’t build them on open standards that other companies can integrate into we’re missing the mark because, in this day and age, with these applications, you can’t plan on one company owning everything. Because you’re customizing solutions, you have to allow people to work within your open standards.

“So Bosch is definitely taking steps in that direction to not only provide the solutions and get some of these early adopters into play, but also allowing others to come into the picture.”

 

Two to three years until IoT hits the mainstream

In four months, the time share will have sat on a panel with Centrica and Leica Microsystems predicting how IoT solutions will improve customer experience and increase process productivity at Internet of Things World Europe in London.

He’s adamant that IoT is “the biggest driver” towards the much-acclaimed Industry 4.0 and that Bosch is “primed in to lead the development of consumer and industrial solutions in this area”. This suggests Bosch is well placed to fill the void of comprehensive industrial IoT case studies that currently exists.

“The way I see it is that, especially with IoT and Industry 4.0, we do have some isolated success stories but not a lot of case studies,” Share says.

“Most of this is because a lot of industry is still built upon legacy systems – companies are hesitant to change. Across all of the different facets and functions they’ll all agree that’s where they need to go, but then you say ‘here’s what you need to do to get there’ and the response is ‘well… this requires high investment, there’s a high resource cost to implement, and it doesn’t necessarily give us the returns we need right away’. So it’s tough to justify. A lot of the potential success stories are held back by that.”

 

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Reports: Internet of Things(IoT) to grow rapidly in India by 2020

Reports: Internet of Things(IoT) to grow rapidly in India by 2020

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Everything seems to be so fast in this world specially when we talk about any process that goes online. Paying Bills, Recharges, Ordering food and what not? going easy day by day in this internet oriented world. Similarly, IoT is another a keyword goes online which provides us a connection between the humans and computer. According to the latest reports, it seems that Internet of Things (IoT) units in India are expected to see a rapid 31-fold growth to reach 1.9 billion by 2020. Also, the reports said, Deloitte, a popular company, predicted on Monday, adding that the market value of IoT is expected to reach $9 billion by 2020.

We came to know that even with over 750 million cards in circulation and significant growth, mobile-based and digital payments will eclipse physical card payments. IoT is going to be the next big thing for Indian markets that the operators in India will rapidly grow into a hub for IoT solutions and it will grow up to a large extent.

According to the company,

“With advances in reliability, accuracy and technology of advance tech measures such as biometric authentication, digitization will gain popularity in various business applications. The emergence of new tech trends will help transform digital economy in 2017 and will help operators in identifying new revenue generating opportunities, enhance customer experience, and improve operational efficiencies.”

According to the various reports, In the five-year span between 2015-2020, the Internet of Things will grow faster than any other category of connected devices. Recently a new Cisco report said that, the number of machine-to-machine connections should grow nearly 2.5-fold, from 4.9 billion in 2015 to 12.2 billion in 2020. The new Cisco projects will grow rapidly in its in its 11th annual Visual Networking Index: Global IP Traffic Forecast Update. According to the latest reports, machine to machine connections should represent about 46% of total connected devices.

 CISCO REPORTS:

“A growing number of M2M applications, such as smart meters, video surveillance, healthcare monitoring, transportation, and package or asset tracking, are contributing in a major way to the growth of devices and connections.”

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