ABB, Bosch, Cisco cooperate on smart-home platform

Bosch, ABB and Cisco see the home as an integral part of the internet of things (Photo: Bosch

ABB, Robert Bosch and Cisco are forming a joint venture to develop and operate a smart-home software platform. The three companies expect the Germany-based joint venture to start operations in early 2015. Bosch said in a press release that the new company will build a platform that will make communication between smart-home appliances and other […]

Bosch establishes internet-of-things unit

Bosch expects the internet of things to generate a broad range of new services (Photo: Bosch)

Robert Bosch, which has been driving the internet-of-things trend, is establishing a separate unit to make devices and objects talk to each other. The company, Bosch Connected Devices and Solutions, will build compact electronic products and provide software designed to achieve connectivity across a broad range of applications. The company will focus in first instance […]

Kroes: Internet of things requires 1 European telecoms market

Kroes will propose legislation for a common EU telecoms market (Photo: EU)

Europe needs an integrated telecommunications market as machine-to-machine connectivity takes on growing importance, EU Commissioner Neelie Kroes said Thursday. Kroes, who is in charge of Europe’s digital agenda, said in a speech to the 11th European Business Summit in Brussels that the absence of a Europe-wide telecoms market is a major obstacle in the way […]

GE: “Industrial Internet” can add $15 trillion to global GDP

GE is testing sensor-equipped "smart" batteries in a Ford Focus Electric (Photo: GE)

A new digitally connected model for industry could add as much as 15 trillion dlrs to global output, according to a report published by General Electric Monday. Researchers at the US based industrial conglomerate say the so-called “industrial internet,” which links networks, data and machines, has the potential to sharply boost productivity worldwide. That key […]