The Internet of Things connects market participants and sectors that previously had no business dealings with one another. This generates new products and services, which in turn also leads to the creation of new business models. In this context, companies must get used to the idea of cooperating at a »virtual table«. Web-based platforms will create the basis for partners to extend or supplement what they offer in completely new ways. The new forms of cooperation these companies enter into breaks away from conventional ideas about business being divided up into sectors. A new ecosystem is created.
Bosch Software Innovations sees itself not only as a service provider that can offer technical solutions in this new environment, but also as a development consultant for new business models. After all, not everything that is feasible is also truly useful, and many useful ideas require being particularly mindful of issues such as fault tolerance, security, and privacy.
Bosch has set up three innovation clusters for connected mobility, connected energy, and the connected building. Bosch Software Innovations, as the software and systems house of the Bosch Group, acts as an incubator for each of these clusters that is able to test new business ideas outside the pressures of everyday business. This is already driving enhanced exchanges of knowledge.
Bosch seeks out, supports, and works with the best research institutes in the world. Each decision to cooperate is based on criteria including the innovative strength an institute displays for the research topic and its ability to transfer results into industry. Bosch Software Innovations have been working with the Institute for Technology Management (ITEM) at the University of St. Gallen since 2012, where we are developing business models for the Internet of Things with our diverse team of experts. The current focus is on energy, buildings, and mobility.
We are on the verge of the fourth industrial revolution, driven and made possible by the arrival of the Internet of Things. German businesses and policymakers are seizing the opportunity to help shape and support this very change by way of the Industry 4.0 working group. Since January 2012, together with Bosch, we have been bringing our combined knowledge of production research, industry users, and ICT to bear on working up a recommended course of strategic action for the Industry 4.0 future project.
Bosch Software Innovations, Vodafone, and other companies are working in partnership to provide new services. Vodafone’s major contribution is its capability for M2M managed connectivity, with Bosch bringing in its expertise in developing new business models based on the IoTS edition of its software suite.
We participate in communities that are actively involved in helping to design the social, political, legislative, and legal framework for the Internet of Things. At the Open Internet of Things Assembly in June 2012 we signed the Statement of the Open Internet of Things, or Bill of Rights as it is known in IoT circles. We are active contributors to the IoT Council, which seeks to promote an open, innovative, and integrative Internet of Things.