Bosch IoT Suite: Exploiting the Potential of Smart Connected Products

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.