Entire world is overwhelmed by the IoT tinkle,.. which is the new mantra of not just companies, but also triggering thoughts and excitement in common people who understand technology.
Yes, indeed IoT is thrilling as it assures to make our lives much better by connecting everything sensibly, at the same time giving us a firm control of the environment. IoT can transform nearly every industry and is a key enabler of digital transformation.
Bosch is a things company. We make a lot of things, products, and we have a goal that in the next year, all our products will be connected. That means we will be introducing sensors and measuring what our products are going to do. We also have some very aggressive targets to achieve.
Our CEO has mentioned that if the factories’ processes are connected, you can achieve close to 30% improvement in productivity. That’s massive from where we are today, looking at the number of plants we have, over 200 plants in more than 150 countries. The overall savings and the amount of productivity that you can generate is staggering.