Bosch wants to make work easier, roads safer, buildings more energy efficient and household appliances more useful. This is possible by focusing on a connected world, we understood at the press conference of Bosch CEO Stefan Hartung at Bosch ConnectedWorld. We attended the conference in Berlin, where a multi-billion dollar investment and partnership with IBM on quantum computing attracted attention.
Bosch ConnectedWorld showed where Bosch’s priorities lie. Today, much technological innovation is concentrated in mobility, factories and homes. Connectivity and artificial intelligence are starting to play an increasingly prominent role in these areas. The connected hardware, services and software from Bosch generate data about consumption. A favorable development for AI, because this technology can quickly draw conclusions from data. It makes people’s work and life more comfortable to some extent. And Bosch, in turn, can optimize and reinvent its technology.
“I am strongly convinced that digitization offers Bosch great opportunities in every business area. We are doing everything we can to take advantage of these opportunities,” said Hartung.
Billion investments in digitization and connectivity
To remain successful in this area and to strengthen its efforts, Bosch will invest ten billion euros in digitization and connectivity by 2025. Two-thirds of this amount is intended for the development and expansion of “promising technologies”. In this case, Bosch identifies Industry 4.0, mobility and sustainability as promising areas.
Industry 4.0 is interesting for Bosch because of its presence in industrial sectors. It provides many materials, services, machinery and more to parties in these sectors. These parties are expected to make great progress with Industry 4.0. This is done by increasingly connecting business environments. As a result, machines can be read out and the data can be analyzed for smarter business operations. Think of a smart factory where devices talk to each other and it is clear what is happening. Processes can thus be optimized better.
Mobility is also currently a major focus area for Bosch. For example, there was a special hall for mobility solutions during Bosch ConnectedWorld. The company develops many car parts, such as brake discs. It has also developed sensors to enable self-driving cars. In the automotive industry, Bosch often collaborates with other technology suppliers.
Tip: A while ago we wrote a background story on Bosch’s vision of self-driving cars, which you can definitely read again
At the same time, a significant amount will also go to technology to realize a more sustainable world. According to Hartung, there is a great need for this. “We also use digitization and connectivity in the fight against climate change, one of the greatest challenges of our time. This battle is too big for any company to tackle alone. It will be necessary to pull everything out and use all the possibilities that technology has to offer,” said Hartung. According to the Bosch CEO, climate action requires determination and digital technologies, which the company has.
Part of the investment will also go towards the training and development of the staff, to give them a good career at Bosch. “We are also working to remain an attractive employer for people with great potential in many areas, for future interest and expansion of our position,” Hartung said.
Bosch pays extra attention to the climate with the start-up Decarbonize Industries
Bosch paid extra attention to the climate during Bosch ConnectedWorld. For example, it presented its startup Decarbonize Industries, intended for companies that want to reduce CO2 emissions. Decarbonize Industries develops cloud-based software for this in collaboration with the German energy supplier EWE AG. The software offers companies a roadmap with the necessary measures for CO2 reduction. The platform uses current data from the energy market, legislation and other sources. Based on the data, the best path to sustainability must be shown. Hartung also shares specific questions that Decarbonize Industries must answer. Think about ‘how many charging points does my business need to install to use solar energy?’
Partnership with IBM for quantum computing
Another way to contribute to the climate, but also to Bosch’s technological position as a whole, is the new partnership with IBM. Together with the tech giant, Bosch will support research into quantum technology. “Our goal in the next ten years is to use quantum-based simulation of new materials. For example, to reduce the amount of precious metals and rare earths in carbon-neutral powertrains. This applies to both the electric motor and the fuel cell,” explains Hartung.
The CEO of Bosch indicates that today’s most powerful computers are reaching their computational limits. Quantum computers promise to go much further. Quantum computers can realize stronger and new calculations using qubits. With these qubits, a bit can be a zero or a one or a zero and a one at the same time. This is in contrast to ordinary computers where a bit is only a zero or a one. The method can lead to several results of a calculation. For example, Bosch can calculate and calculate the properties of new materials in a short time. This can also lead to finding alternative sustainable materials.
Reason enough for Bosch to seek cooperation with IBM, a party with knowledge of quantum computing hardware and building computers. Bosch, on the other hand, looks for solutions in specific material areas. Bosch has more than 10 years of experience with materials, which makes it an interesting combination to research. Together, they can find new applications within the next ten years, the idea is. Because, people think, we have yet to see the true potential of quantum computing in practice.
Investment to realize a connected world
All in all, with the return of a physical Bosch ConnectedWorld, Bosch has shown that it wants to take the connected world further. Ultimately, the industrial sector and the mobility industry can look forward to investments and innovations in the coming period. At the same time, sustainability is also receiving attention. This is an important area for Bosch. It also wants to offer customers support in that area. With the announced billion investment and collaboration with IBM, the necessary steps have been taken.