On Tuesday, May 22, at 13:30(est) I gave an interview on the Peggy Smedley Show. Peggy’s show is the leading radio voice on the topic of the connected world and she has conducted interviews with many notable industry leaders.
The interview is available here.
By way of introduction, I want to describe Bosch’s relationship with the Connected World or what we call the Internet of Things and Services (IoTS).
Whatever label you choose to describe this, there are certainly many amazing new products and services arising from this architecture built on our pervasive wireless network - especially Verizon’s LTE. These IoTS ‘things’ include edge and hub products that are designed, built and offered by Bosch. The pervasive, sensor-driven, networked environment has arisen from the phenomena I call ‘Moore’s law everywhere’. This includes:
- Ubiquitous, low cost (<$3) microprocessors and radios often found in innocuous products and devices, (some, such as light fixtures and ordinary appliances are unexpected)
- Accelerating deployment of wireless bandwidth especially LTE
- Big Data
Again, this environment is spawning new products and new business models, many led by Bosch business units in the areas of security technology, telemedicine, renewable energy, and consumer products. Some business sectors, such as manufacturing and security, are leveraging the situational awareness potential. Other business sectors, including telemedicine, are using the efficiency and asset savings characteristics.
Since 2008, when Bosch acquired Innovations Software, we have been methodically creating IoTS solutions through a framework called the Internet Application Platform (IAP). At the core of the IAP is the robust, industry leading BPM platform inubit and the Visual Rules BRMS. Bosch has great depth and experience in developing solutions for the IoTS and our IAP has already solved complex IoTS challenges. Now with these developments, we are moving into the era of what Forrester calls the Big Process and activities, information and decisions will be pushed to the “edge” - as close as possible to the customer and trading partner.
Yet, the IoTS is more than an interesting technological development or architecture. At the core, it is a set of solutions that are driven by global political, economic and social forces. A core value for Bosch is supporting the long-term viability of the communities we serve and we see the IoTS as a critical, global development for creating a more sustainable world. In many ways, IoTS solutions, via the Bosch Connected World, support the sustainability movement within business and government. The Bosch Connected World solutions span the important vertical domains of security, energy, environment, risk and finance. Briefly, here are the critical market drivers for these solutions:
- Financial Strains: business and government investments in new infrastructure is limited and often there is inadequate maintenance and poor operations
- Eroding Infrastructure: especially in the US there is an over-stressed electrical grid
- Increasing security needs: in the US there is zero tolerance for acts of terror, this yields more complexity, more need for autonomous intelligent decisions, more situational awareness
- Risk Management: there is an accelerated need to measure and control financial risk
- Consumer Expectations: there is an emphasis on comfort, safety and security
- Aging Demographics: this is not only true in the US but also Europe, increasing health care needs within declining budgets
The bottom-line: the mandate is not only ‘do more with less’ it is ‘do much more with even less’. Surprisingly, despite being internet-based, the autonomous local controls are critical.
The Bosch Connected World IoTS solutions support the sustainability objectives of business and government. Connected World solutions span these domains:
- Security, physical and information
- Energy Solutions, including new building energy systems, grid solutions and renewable energy
- Environment, water and air
- Risk Management
- Finance Controls and Integration
We have learned many unexpected lessons in developing solutions for the IoTS and we are constantly adding new depth and experience. We will be providing details on this in the coming weeks.