CES 2018: Bosch sees future in smart-city business Haptic control FINAL
Channel: moneyHz | Meditation for Attracting Money
Date: 19/01/2018

The internet of things (IoT) has laid one of the main foundations for the connected city. The IoT is finding its way into all walks of life: a Gartner study predicts that some 230 million homes worldwide – roughly 15 percent of all homes – will be intelligently connected by 2020. Here as well, the potential is huge, with market volume estimated to reach 250 billion dollars annually by 2020. By the same year, more than 20 billion devices worldwide will be connected with each other – smoke detectors, burglar alarms, electricity meters, home appliances, and many more. “Bosch recognized this potential early on,” Hartung said. “Even now, more than half our electronic product classes are web-enabled – and the aim is for this to be 100 percent by 2020. Not only that: for each of our products, we want to offer accompanying services.”
Another driver of the rapid development of smart cities is artificial intelligence (AI). Bosch intends to further expand its research in this field. Last year, the company opened a research center for artificial intelligence, which now employs some 100 associates in Renningen, Germany, Palo Alto, CA, and Bengaluru, India. By 2021, Bosch will invest some 300 million euros in expanding the center. The company anticipates that, ten years from now, scarcely any product will be conceivable without AI.
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