A giant company built on tiny components: Interview with Bosch industrial internet boss

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In this interview, Stefan Hartung, a senior member of the board at Bosch, talks extensively about the industrial internet, detailing some of the components and devices the company uses to give old machines a new lease of life, and provides some insight into the company’s plans going forward

Bosch is as relevant in today’s computerised world as it was after the end of the first industrial age, and the company’s main concern now is keeping it that way. 

Its relevance comes from making the power tools and household appliances most readers will be familiar with, and also from its development of ideas and technologies which are likely to shape a future which many of us haven’t even thought about yet.

Nowadays, all the talk is of Industry 4.0, an umbrella term to describe a range of technologies which have at their centre two tiny components: sensors and chips – both of which are Bosch’s essential stock in trade.

And if you want someone to blame for the Industry 4.0 phrase, look no further than Bosch, because it was part of the working group of German industrial giants which coined the term in 2011.  Continue reading A giant company built on tiny components: Interview with Bosch industrial internet boss

Bosch reports increased sales of €73 billion. Wins massive new sensor contract from Apple

Bosch’s robotics expert, Kai Arras,
Bosch’s robotics expert, Kai Arras, with one of the company’s robots in development

Bosch – one of the world’s largest industrial companies, producing a wide variety of engineered products, from automotive components to home appliances – has reported increased sales for the year 2016. 

In a press conference last week to launch the German giant’s annual report, Bosch CEO Volkmar Denner listed the key figures:

  • sales rose from €70.6 billion in 2015 to €73.1 billion last year; and
  • earnings before tax in 2016 reached a total of €4.3 billion.

Sales in all business segments and geographical regions had increased, added Denner.

As positive as the figures may seem, Denner said the company was nonetheless undergoing “profound transformation”, partly brought about by a range of new technologies which are changing the global industrial landscape, and because diesel engines may be phased out.  Continue reading Bosch reports increased sales of €73 billion. Wins massive new sensor contract from Apple