Learn more about how Bosch Software Innovations drives the digital transformation for Bosch and its clients.
Connected companies need to master the challenges of digital transformation. To do so, they need to apply business transformation strategies such as developing digital business models, creating IoT platforms, and setting up IoT ecosystems to achieve maximum interoperability. Following file sharing, e-commerce, and social media, the next generation of the internet is connecting things and devices: the Internet of Things (IoT). We expect that there will be 14 billion connected devices by 2022, ranging from sensors and security cameras to vehicles and production machines. Connecting devices generates data that opens up new digital business models and revenue streams. The insights gained from this data in turn give rise to new services that can complement the conventional product business.
Analyst Case Study
Bosch Software Innovations Drives Digital Transformation For Bosch And Its Clients
In the age of the customer, traditional manufacturing businesses must rework the structure and culture of their organizations to address rapidly changing client expectations.This Forrester report helps CIOs prepare for the evolving working relationship with suppliers in the supply chain concerning Internet of Things opportunities. Moreover, this report provides valuable insights into how to leverage a separate software engineering business unit to drive digital transformation efforts.
More Interesting Thoughts on Digital Transformation in the Times of IoT
In his blog article, Dinesh Sharma from SAP talks about how digital transformation will be pervasive across every area of business. He predicts that 2016 will further prove the transformational power of the digital economy.
In her latest blog article, Maribel Lopez from Lopez Research writes about building innovation and digital transformation using the Internet of Things. She looks beyond the device and connectivity elements of an IoT strategy and focuses on several additional steps that IT and OT leaders should take to ensure a successful deployment.
In this article, Michael E. Porter, University Professor at Harvard and James E. Heppelmann, CEO of PTC, give very profound and detailed insights into how smart, connected products affect rivalry, industry structure, industry boundaries, and strategy as well as how they influence the core company functions like product development, IT, manufacturing and others. They also talk about different models of “Making the transition”.