Unlocking Value with AIoT - Why & How Enterprises need to accelerate
Tobias Grocholl
Disrupting Field Service, Maintenance, Repair | Partnerships | Alliances | Joint GTM | Eco-Systems | Co-Innovation | #EverythingisSolvable
80 Zettabytes - that's the amount of data IoT edge devices are expected to generate by 2025!
This voluminous data is generated over a broad range of domains and applications:
To unlock the full value from AI, enterprises must focus on these 5 levers:
1.INTELLIGENT PRODUCTS
AIoT enabled connected products communicating real time operating parameters creates as-a-service and usage based business models.
2. AUTOMATION ACCELERATION
Automated controls to extract the best-possible performance from the products and associated processes using cognitive capabilities.
3. ENHANCED DECISION MAKING
Support stakeholders with advanced analytics on operational and usage data from products thereby improving the quality of decisions.
4. HYPER PERSONALIZATION
Deliver superior experience to every customer (internal / external) by curation of real-time inights during sales, in-life operations as well as maintenance.
5. SECURITY AND TRUST
Bring trust to the relationship with ecosystem stakeholders and regulators at network, data and application layer enabling transparency.
THE BOSCH PRACTITIONERS APPROACH
Bosch leverages its internal and external experience of product engineering and end-to-end IoT implementation to create the base for AIoT and solve critical business problems with below considerations:
The actions of today will create a strong foundation for the intelligent enterprises of the future. Business value and tangible benefits of AIoT take the front row seat for CXOs and customers. Bosch aims to create the right balance between connected products, generated data and intelligent applications to serve our customers and partners.