The Automotive component expert Bosch announces setting up of a new company for internet of things (IoT) and services. The Bosch Connected Devices and Solutions GmbH to supply both electronic products and software expertise for IoT enabled applications. The new company to focus now on sensor-based applications for intelligently networked homes, or “smart homes,” as well as for activities in the fields of traffic, transportation, and logistics.
At CES 2014, Bosch had displayed Internet of Things and Services experience, where Bosch’s IoT demo gives CES attendees real-time readings about their surroundings via 27 wirelessly connected ‘smart sensors’ that are strategically positioned around the booth.
Bosch has shared the market research data from Gartner, which predicted Intelligence devices will reach US$1.9 trillion by 2020.