Bosch announces the availability of Bosch Digital Twin-IAPM running on Amazon Web Services
Date:March 16, 2024
Bosch is releasing an Integrated Asset Performance Management (IAPM) solution running on Amazon Web Services (AWS) to create a Unified Digital Enterprise in the APJ region
Bangalore, India, January 23, 2023 – Bosch Global Software Technologies (BGSW), formerly known as Robert Bosch Engineering and Business Solutions (RBEI), announced the availability of an Integrated Asset Performance Management (IAPM) solution running on Amazon Web Services (AWS). Bosch Digital Twin – IAPM (Integrated Asset Performance Management) powered by AWS is a Cyber-Physical System solution for industrial and energy infrastructure customers.
The Bosch Digital Twin – IAPM uses artificial intelligence to improve predictability, decision-making, and operations efficiency. Customers can resolve issues and simplify complex automation by evaluating collected data. This enables implementation of Reliability-Centered Maintenance (RCM) and Total Productive Mainte¬nance (TPM) practices. An ecosystem of actionable insights is created to drive identified competitive, operational, and business advantages.
Using AWS IoT TwinMaker, a cloud service which makes it faster and easier to create digital twins of real-world systems and apply them to monitor and optimize industrial operations, the solution enables customers with scalable digital transformation by connecting people, products, and processes. The Bosch Digital Twin-IAPM creates a digitally immersive visual representation of physical assets for enhanced human-machine collaboration.
Speaking about the power of Bosch’s innovation, Vadiraj Krishnamurthy, CTO, VP, Bosch Global Software Technologies, BGSW said, “Energy consumption by rotating equipment in large industries contributes to a major share of total energy. The Digital Twin – IAPM (Integrated Asset Performance Management) offering by Bosch has a direct impact in improving asset efficiency & therefore associated energy costs leading to efficient control of energy-related carbon emissions.”
“By combining Bosch’s manufacturing expertise from more than 200+ plants worldwide with AWS, Bosch Digital Twin – IAPM makes it easy and cost-effective to optimize industrial operations using the power of a cyber-physical solution based on industry specific artificial intelligence.”, adds Karsten Roenner, General Manager of grow platform, a Bosch company.
About BGSW: Bosch Global Software Technologies Pvt Ltd is a 100% owned subsidiary of Robert Bosch GmbH, one of the world’s leading global suppliers of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 23,000 associates, it’s the largest software development center of Bosch, outside Germany, indicating that it’s the Technology Powerhouse of Bosch in India with a global footprint and presence in US, Europe and the Asia Pacific region. With our unique ability to offer end-to-end solutions that connect sensors, software, and services, we enable businesses to move from the traditional to digital or improve businesses by introducing a digital element in their products and processes.
About grow platform: Established in 2019, grow platform is a fully owned subsidiary of the Bosch Group. As the Bosch incubator it finances and scales business model innovations, originating from internal divisions and Bosch entities. The organization consists of eight innovation hubs and more than 250 intrapreneur associates across all key international markets who work to identify, incubate, and scale new business for Bosch.
About Bosch in India: In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through twelve companies: Bosch Limited – the flagship company of the Bosch Group in India – Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Robert Bosch Engineering and Business Solutions Private Limited, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited, Robert Bosch Automotive Steering Private Limited, Automobility Services and Solutions Private Limited, Newtech Filter India Private Limited and Mivin Engg.Technologies Private Limited. In India, Bosch set-up its manufacturing operation in 1951, which has grown over the years to include 18 manufacturing sites, and seven development and application centers. The Bosch Group in India employs over 30,000 associates and generated consolidated sales of about ₨.11,781 crores* (1.39 billion euros) in fiscal year 2021-22 of which ₨. 10,264.3 crores* (1.21 billion euros) are from consolidated sales to third parties.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,600 associates worldwide (as of December 31, 2021). The company generated sales of 78.7 billion euros in 2021. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0,
and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 128 locations across the globe, Bosch employs some 76,100 associates in research and development, of which more than 38,000 are software engineers.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust.
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