Device connectivity is one of the first ingredients in the recipe for IoT projects’ success. It enables mechanical and plant engineers to collect and assess data from equipment sometimes deployed worldwide. This information underpins holistic IoT solutions and innovative business models.
For example, shipping companies that connect their on-board devices and systems can get much more transparency and a clearer picture of what transpires on their vessels. Know your ship – the crew and inspectors can take that sailor’s credo to heart and keep on top of the ship’s status.
It also provides a uniform means of managing complex equipment, enabling mechanical engineers to track where and how their engines are used and which software version is installed. They can carry out remote updates (FOTA/SOTA) to boost engine performance and make other improvements.
How to benefit from your asset usage data
Tapping the IoT’s full potential
Companies that connect their industrial goods gain a firmer grasp of the ways in which customers use a product. This information helps them design new digital services and business models that deliver real value to customers.
Insurance companies can better assess potential claims and risks by analyzing the data to this end. The IoT enables insurance companies to offer a full-service package rather than just standalone policies such as household insurance. Sensors installed in buildings enable insurance companies to obtain information about risks such as fire, water, or burglary.
Many options beyond merely collecting and assessing device data are on the menu. One is to create virtual copies of devices and machines. Called digital twins, these digital representations serve electronic equipment manufacturers, automakers, shipbuilders, and the like well. A digital twin enables developers to continue working on the design even without a connection to the actual device. It is also a tremendous asset when servicing devices. Engineers can run simulations with a digital twin to better predict when individual components will need repair or replacing.
Bosch IoT Suite: Our platform for industrial projects
The Bosch IoT Suite, the Bosch platform for cross-domain IoT solutions, provides the technical underpinning for our projects. Our customers’ solutions run on various cloud environments such as Bosch IoT Cloud and Microsoft Azure, as well as locally.
Cross-industry IoT use cases
Our customers’ IoT projects
How do you get started?
Do you see potential IoT use cases in your environment? Then let us conduct a one-day exploratory workshop to discover how you can harness the IoT for your business success.
Things we could do in your exploratory workshop:
- Investigate new, data-driven use cases and business models
- Share the experiences of our IoT experts whose skill sets cover business model consulting, the user experience, and software development
- Develop data-based and market-oriented use cases tailored to your requirements
- Assess the viability and technical implementation of a specific use case
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