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What is the Internet of Things?

5 2 min

For us the Internet of Things, Web 3.0, m2m, or cyber physical systems are much more than just buzzwords for the outlook of connecting 50 billion devices by 2015. It is a chance and a challenge to bring the internet and physical world closer to each other. We understand the Internet of Things along four dimensions:

Graphic with 4 dimensions of Internet of Things: business innovation, market, technology and competence Source: Bosch Software Innovations
Four dimensions of Internet of Things

  • Technology: The internet and its technology are vivid drivers offering an established platform for interconnecting billion things – from tiny sensors, smart phones, PCs, to high performance computers. Open Source communities scale and accelerate the technology development and the implementation of open standards. Therefore, business moves to system and software platforms in the internet.
  • Business Innovation: Weaving smart things, enterprises, and people leads to innovation in services and business models. The spirit of internet business models is turning up in traditional product business (e.g. pay-per-use for car sharing).
  • Market: Different industries meet the first time as the Internet of Things & Services crosscuts some of today’s separate markets (e.g. Electric Vehicle Roaming with Energy and Mobility companies). The players of these markets compete and cooperate in new segments leading to business ecosystems that are linked to social communities (e.g. Google+) and open source communities (e.g. Eclipse).
  • Competencies: Software and system competencies linked to deep domain knowledge and enlightened with creativity are the core for innovation in technology and business.

Bosch Software Innovations is committed to the Internet of Things. We would like to invite you as a customer or partner to join us on the quest ahead for all of us. Please share your thoughts right here, follow me on Google+, or meet us in person at Bosch ConnectedWorld – Bosch´s IoT conference in Berlin.

More on Internet of Things

Be it technological, societal or business-related - there are many factors impacting the IoT. We compiled the top ten IoT challenges.

Stefan Ferber explains the top ten IoT challenges. This time he focuses on ecosystems, business model innovation, and governance.

How to get started with an IoT project? Learn about five things you should consider before taking the plunge.

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  • Stefan Ferber 7. March 2012 at 9:08

    Hello “Managed IT Services”. Thanks a lot for your kind words. Are you also involed in the Internet of Things and Services.

    Reply
  • Managed IT Services 7. March 2012 at 7:27

    It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! http://blog.bosch-si.com is really good, Thanks

    Reply
  • Stefan Ferber 17. February 2012 at 15:13

    Yes, I aggree with Leonard that we will experience something revolutionary. If you think back that 20 years ago eMail was very rare and compare it with today… It is difficult to predict what exactly is going to happen but we are prepared for a big change.

    Reply
  • Leonard 10. February 2012 at 7:38

    Expect to see the change coming from IOT.
    Iit will be an revolution, such like WWW.

    Reply
  • Daniel 3. February 2012 at 11:14

    I’m looking forward to the new focus on internet of things.

    Reply
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