Bosch will soon set up a development center in Tel Aviv, sources inform "Globes." The German engineering and electronics giant already has development centers in Silicon Valley, Shanghai, Moscow and Singapore. Bosch's development center will initially employ six people. Bosch invests 10% of its annual revenue of €5 billion in R&D.
Over the past few years, Bosch has increased its activities in Internet of Things (IoT). Uwe Raschke, a member of Bosch's board of management, visited Israel recently, as part of Bosch's collaboration with Ledico, which imports the German company's vehicle products.
During his visit, Raschke spoke about IoT. He said, "They are inanimate but if you give them sensors and connect them up, it is as if they can "feel' and communicate with each other. Everything can speak with you and can communicate between themselves. Our cars will become autonomous, our planes will become connected to each other and there will be advanced warning if there is about to be any sort of problem with machinery. The system can warn you that a sandstorm is coming and take care of closing the windows. Your home can tell that you car is about to arrive and prepare accordingly. Before I leave the office, I can warm up the car so that in a freezing cold European winter, it will already be warm. In practice I can already do this and operate the heating system in my car using my mobile phone. It would be stupid of course to operate the heating system when I am in Israel, if my car is in Germany, but it is already possible to control it."
Published by Globes [online], Israel business news - www.globes-online.com - on December 10, 2015
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