Bosch Tech Compass 2023: For most people, technology is crucial in the fight against climate change
Date:March 16, 2024
Bosch survey: 81 percent of Indians believe technology is being used sufficiently to tackle the major problems of our time
- Climate action and the economy: four out of five respondents regard sustainability as an economic success factor
- Tech of the Future: Across the globe, respondents believe that AI and 5G will be the most relevant technologies in their respective countries
- Growing hand-in-hand: 75 percent of the respondents worldwide believe that focusing on sustainable technologies will result positively in bringing economic success in the future
Bangalore, India – Energy crisis and climate change: the burning question is how humanity can meet its demand for sustainable and affordable energy. The Bosch Tech Compass survey indicates that 86 percent of the respondents in India believe that technology is the key to fighting climate change. This is evidenced by the Bosch Tech Compass 2023, a representative survey conducted in seven countries worldwide. The survey will be presented at CES in Las Vegas (January 5 to 8, 2023).
Sustainable technologies and economic success
Respondents largely agree on the economic potential of sustainable solutions and products: a full 82 percent believe that the more a company commits to sustainable technologies, the more economically successful it will be in the future. This view is most prevalent in India and Brazil (each 87 percent); by comparison, it is least prevalent in the United States (73 percent). When it comes to the business community’s commitment to climate action, the survey suggests that there is still room for improvement: more than half of those polled (58 percent) believe that only a minority of businesses are seriously committed to sustainability at present. “Today, it has become paramount for companies to focus on technologies that keep sustainability at the forefront. At Bosch, we aim to push the boundaries of innovation while ensuring safety of the environment and community,” says Vadiraj Krishnamurthy, CTO, VP, Bosch Global Software Technologies (BGSW).
Combating climate change with different technologies
Many parts of the world are shifting to renewable energy, but people across the globe are still reluctant to completely abandon nuclear power and fossil fuels such as gas and oil for power generation. A total of 62 percent of respondents are in favor of promoting solar power, while 44 percent want to see efforts to promote wind-power technologies. However, these opinions differ by country. People in India (oil: 22 percent, gas: 23 percent) and the United States (oil: 21 percent, gas: 24 percent) are still committed to oil and gas technologies than other nations (global figures: oil: 14 percent, gas: 15 percent).
Trust in technology is growing
The Tech Compass shows that, in a world beset by uncertainties, trust in technology has grown since the previous year. Worldwide, 75 percent of the people polled now believe that technological progress can make the world a better place (2022: 72 percent*). What’s more, 83 percent of respondents believe that technology holds the key to combating climate change (2022: 76 percent*), with Indians (84 percent) having the most likely attitude towards advances in technology, following China (90 percent).
Mobility in the metaverse
Apart from sustainability, the Tech Compass also provides interesting insights into other issues – such as the metaverse. In this virtual world, where people interact as avatars in a three-dimensional space modeled on reality, mobility will also play a role: 43 percent of respondents can imagine buying a car for the metaverse. Interest and willingness to do so are especially high in China (75 percent) and India (69 percent). And although respondents in Brazil (47 percent), the U.S. (33 percent), the U.K. (30 percent), Germany (26 percent), and France (23 percent) are still somewhat more skeptical, the numbers show that the desire for a car exists not only in the real world, but in virtual reality as well.
About the survey:
For the survey, people aged 18 and over in seven countries (Brazil, China, Germany, France, India, the U.K., and the U.S.) were polled online on behalf of Robert Bosch GmbH by the market researchers Gesellschaft für Innovative Marktforschung mbH (GIM) in September 2022. In Germany, France, and the United Kingdom, 1,000 people were polled per country; in Brazil, China, India, and the U.S., it was 2,000 people each. The random samples are representative of their respective countries in terms of region, gender, and age (Brazil, Germany, France, U.K., U.S.: 18 to 69 years / China, India: 18 to 59 years).
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 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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