Bosch IoT Suite: Exploiting the Potential of Smart Connected Products

Sven Jung (), Stefan Ferber (), Irene Cramer (), Wolfgang Bronner () and Felix Wortmann ()
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Sven Jung: University of St. Gallen
Stefan Ferber: Robert Bosch GmbH
Irene Cramer: Robert Bosch GmbH
Wolfgang Bronner: Bosch IoT Lab at University of St. Gallen & ETH Zurich
Felix Wortmann: University of St. Gallen, Institute of Technology Management

A chapter in Connected Business, 2021, pp 267-282 from Springer

Abstract: Abstract Recent technological advances make it possible to connect almost any product, machine or device to the Internet. Specifically for manufacturing companies, this transition towards the Internet of things (IoT) opens up completely new business opportunities. However, most companies still struggle to monetize the IoT. Recent findings suggest that more than half of all IoT projects fail. In this article, we want to show how manufacturing companies can successfully leverage the IoT. More specifically, we elaborate on IoT platforms and their potential to create tangible business results, using the Bosch IoT Suite as an example. To illustrate this, we present six horizontal IoT use cases that have proven to be very successful across industry domains at Bosch and its customers.

Keywords: Internet of things; Smart connected products; IoT platforms; IoT use cases; Industrial IoT (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76897-3_15

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DOI: 10.1007/978-3-030-76897-3_15

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