German engineering firm Bosch joins the Internet of Things race with new IoT cloud service. The company is taking on American technology rivals by building its own cloud computing network to connect anything from automobiles to dishwasher via the Internet. The initiative will allow the electronics giant to accelerate its efforts to develop smarthomes and smartcars. The Germany-based firm hopes to turn all of its electronics into IoT-enabled devices by 2020.
Bosch is the latest to join the Internet of Things tech trend by becoming a full service provider for connectivity and the IoT. According to Tech Times, there are around five million devices that are working with the German electronics firm’s IoT Suite. They include the basics of a connected house like central hub and contact sensors between the window and the door.
The Stuttgart, Germany-based engineering giant hopes that its cloud will attract people who may have concerns about the data security of servers owned by the U.S. Bosch is launching its first cloud center in Germany, and intends to have a global launch of more centers. It plans to run its own cloud-based applications this year, and open up to other firms early next year.
According to Venture Beat, Volkmar Denner, the German engineering and electronics company’s chief executive said that the firm was creating its own Internet of Things, and would combine this with its experience in building everyday objects. He added that with manufacturing firms trying to include software and services, and tech companies trying to enter the physical space, “the race is completely open.”
Robert Bosch GmbH announced Wednesday that it is launching a cloud network for Internet of Things. The company is planning to offer an end-to-end environment to get homes communicating with various appliances and devices. It is looking to transform itself from maker of equipment to service provider using data generated by its machines. A company representative declined to disclose how much the firm was spending on the cloud, but revealed that around $548M is invested annually in new technologies.
The world’s largest supplier of automotive components by revenue plans to run around 50 of its own in-house applications on the cloud this year. Bosch plans to charge users based on the services they use, but did not provide revenue forecasts. According to Reuters, U.S. market research firm Gartner Inc. estimates that global sales in the public cloud market will exceed $200B this year.
The Stuttgart-based electronics company is hoping that its engineering expertise will provide an edge in making the IoT a reality for its customers in connected mobility, smart homes or intelligent industry. The company said that the cloud’s location in Germany also creates the nation’s status as a seat of innovation.
Electronics giant Bosch launches Internet of Things cloud service, the latest initiative in the Germany-based engineering group’s transition from a traditional firm to equal parts information technology and manufacturer group. The company is looking to smart devices to get ahead in the cloud. Wednesday’s announcement puts the German firm in competition with services from U.S. technology giants Google, IBM, Amazon, Microsoft and Salesforce.
By Anila Maring
Photo Courtesy Bosch