Artificial Intelligence
Bosch highlights essential role of software in its products at Software Day 2023
Plymouth, Mich., June 08, 2023 (GLOBE NEWSWIRE) —
- Bosch software enables new Intelligent Traffic Systems in M-1 Intelligent Corridor in Detroit
- Bosch Mobility plans to grow to around $20 billion in Americas by 2029 fueled by software; recent customer wins valued in the billions
- From vehicle motion and battery management to interior sensing, software is at the core of Bosch Mobility solutions
- Bosch invests for growth in North American region
Across its broad portfolio of solutions, software lives at the core of Bosch solutions that deliver on the company’s “Invented for Life” brand promise. At Software Day 2023, Bosch in North America is highlighting its history, expertise and future potential of software and the essential role of software across the company’s four sectors: mobility, industrial technology, consumer goods and energy and building technology.
The company is announcing plans for growth in its Bosch Mobility business sector, fueled by software. It will demonstrate how decades of experience in vehicle motion have been applied to a new software-only solution as well as how software is utilized in interior sensing to detect driver distraction and drowsiness behaviors as well as children left behind in a vehicle.
Bosch is also announcing a new intelligent transportation systems deployment in the M1 Intelligent Corridor in Detroit that is powered by Bosch AI technology. By enabling smart infrastructure with intelligent AI-powered video sensors and cloud-based data services Bosch helps to improve safety and efficiency of roads.
“Our associates are utilizing software to deliver product experiences that delight our customers across the region and throughout the world,” said Mike Mansuetti, president of Bosch in North America. “We have a strong legacy of software expertise to build from to continue pushing the possibilities utilizing software.”
Intelligent Traffic Systems in new M-1 Intelligent Corridor
The role of software in the company’s cross-domain expertise is seen in the use of video cameras for Intelligent Traffic Systems. The company announced at Software Day its role in the M1 Intelligent Corridor, an $11.5 million project with $5 million in federal funding from the U.S. Department of Transportation. Bosch is collaborating with the Michigan Department of Transportation (MDOT), the Federal Highway Administration (FHWA), the City of Detroit, WSP Michigan Inc., MH Corbin, Derq USA and Wayne State University. The project will deploy and evaluate an intelligent transportation network along the M-1 (Woodward Avenue) transportation corridor to serve the citizens of Detroit and surrounding communities.
The Bosch contribution includes both hardware and software-as-a-service. Software powers edge computing and data analytics to help optimize transportation systems. The deployment will feature pedestrian detection, prioritization and alerts; traffic intersection preemption and signal priority for authorized vehicles; and vehicle-to-vehicle and vehicle-to-infrastructure communications.
“Ultimately Bosch hardware and software solutions work together to solve the challenge of inefficient road traffic,” Mansuetti said. “Our intelligent cameras with on-board AI and edge computing enable real-time alerts and data to help improve safety and efficiency.”
Software-defined vehicle growth enabled by 40+ years of software expertise
By 2029, Bosch Mobility in the Americas aims to contribute around $20 billion annually to the global revenue of Bosch Mobility. This would represent an increase from approximately one fifth of global Bosch Mobility revenue in 2022 to approximately one quarter of global Bosch Mobility revenue by 2029. A major driver of that growth will be the company’s software expertise as the industry doubles down on the software-defined vehicle.
Bosch has a long history in mobility software – more than four decades – and the company is comfortable in various business models for software based on customer needs. As software and hardware de-coupling increases, Bosch has strong experience already supporting customers in software-defined vehicle solutions. Bosch Mobility has recently booked significant business in the Americas with lifetime revenues amounting to several billion dollars spanning hardware plus software as well as software-only solutions.
Beginning in 2023, the Americas region will already realize revenue in the billions annually from hardware plus software projects including driver assistance, vehicle architecture, powertrain and vehicle motion.
“Our expertise in software means we can provide customers a variety of solutions,” said Paul Thomas, who will assume the role of president, Americas for Bosch Mobility beginning January 2024. “It’s essential to be comfortable in different software business models and approaches to capture the benefits of the software-defined vehicle that ultimately bring benefit to drivers on the road.”
Software is evident across the Bosch Mobility portfolio. Already more than half of its R&D associates globally for the mobility business are software engineers and the company produces more than 250 million control units globally every year, all configured with its proprietary software. At Software Day, Bosch is showcasing software solutions ranging from vehicle motion and battery management to monitoring inside the vehicle for driver drowsiness, children left behind or if someone smoked in a rental vehicle.
Software Day Highlights
Vehicle motion management shows how the reorganization of Bosch Mobility and intensified cross-divisional collaboration is conducive to software-defined vehicle approaches in engineering. For 45 years, Bosch has been developing solutions for vehicle motion beginning with the introduction of anti-lock braking in 1978 and electronic stability control, also known as ESP®, in 1995. Bosch has continued to introduce motion software features and functions that are available in advanced braking, steering and powertrain solutions.
Now the company is launching Vehicle Dynamics Control 2.0, which incorporates all the company’s hardware and software knowledge to seamlessly enable multi-actuator motion control. This helps to potentially shorten braking distances and can help the driver to take fewer corrective actions regarding controlling the vehicle. The Vehicle Dynamics Control can be deployed as a software-only solution independent of any Bosch hardware and can be integrated for example in a central vehicle computer. In the United States, the software is applicable for market-specific developments like trucks and electrification.
Software is a tool to help consumers get to know their batteries better. Range anxiety is a major barrier to mass EV adoption and the Bosch software-as-a-service solution Battery in the Cloud helps to address this challenge by forming a digital twin of the battery and collecting data periodically from the vehicle. Information from Battery in the Cloud can help to enable increased battery life or charging speed based on individual driving profiles, projections on aging of a battery three to eight years in the future and even provide a usage certificate regarding the battery health to support residual value of the vehicle or second life use of the battery.
Bosch interior sensing solutions help to enhance safety, comfort, and convenience for all vehicle occupants. The system leverages different hardware approaches as interior cabin-sensing radar is combined with an occupant monitoring camera. Software brings the system together through sensor fusion merging multiple types of sensing data. Software algorithms are capable of aiding in the detection of specific scenarios in the vehicle including driver drowsiness and driver impairment based on eye behavior. Additionally, the system utilizes new methods for detecting if a child has been left behind in a vehicle. Interior sensing solutions from Bosch help to fulfill requirements defined in regulations and consumer testing programs like the European New Car Assessment Program.
For the company’s RideCare Insight solution, software engineers have worked to help rental company operators and fleet owners know when someone has smoked in the vehicle or damaged the vehicle during a rental. This data combined with vehicle data allows a rental return agent a complete picture of the vehicle condition from the start to the end of the rental. The solution combines Bosch expertise in sensors as the Bosch BMI270 IMU (Accelerometer/Gyroscope) sensor – which can be found in smartphone and smart watches – helps to detect crashes while a combination of sensors allows for smoking detection. A smoking detection algorithm helps to detect a likely smoking event – cigarette, vaping or similar product – inside a vehicle event even if it is as short as 30 seconds.
“Software is the lifeblood of our solutions,” Thomas said. “Software enhances our hardware and also powers new software-as-a-service offerings that diversify our portfolio of offerings to help us achieve our goals in the Americas.”
Sales in North America increase as organization invests for growth
Bosch ended its 2022 fiscal year with $15.1 billion (14.3 euros) in sales to third parties, an increase of nearly 12 percent year-over-year. The region achieved total net sales of more than $16 billion USD when accounting for internal sales. The Mobility Solutions business sector increased sales by more than 12 percent to nearly $9 billion USD in the North American region. Energy and Building Technology as well as Industrial Technology business sectors both posted double digit growth in the region. Energy and Building Technology increased by around 30 percent to more than $1.3 billion while Industrial Technology increased around 20 percent to more than $1.2 billion. After two straight years of double-digit growth in 2020 and 2021, the Consumer Goods business sector once again achieved sales of $3.5 billion USD in 2022, which equaled 2021.
To build on its success in the North American region, Bosch is investing for growth. In April 2023, the company announced plans to acquire U.S. chipmaker TSI Semiconductors in Roseville, California. The company intends to invest more than $1.5 billion USD in the site for upgrades to produce silicon carbide chips for electromobility.
“The North American market – and in particular the United States – holds strong promise for growth at Bosch as part of a diverse global portfolio,” Mansuetti said. “We are focused on identifying and delivering products and services that meet the regional needs of our customers across all areas of our business.”
Contact persons for press inquiries:
Alissa Cleland
Phone: +1 876-1587
[email protected]
Tim Wieland
Phone: +1 248-876-7708
[email protected]
About Bosch
Having established a presence in North America in 1906, today the Bosch Group employs 37,000 associates in more than 100 locations in the region (as of Dec. 31, 2022). Bosch generated consolidated sales of $15.1 billion in the U.S., Canada, and Mexico in 2022. For more information visit www.bosch.us, www.bosch.ca and www.bosch.mx.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of $93.1 billion in 2022. 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 470 subsidiary and regional companies in over 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 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 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.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress
Exchange rate: 1 EUR = 1.0538
Attachment
Globant’s more than 10 years of investment in AI are now reflected in an innovative suite of AI Agents and products to empower teams and boost resultsThese new AI Agents will be augmented by humans and will impact the full SDLC, including backend prototyping, application design, testing, and more, to enhance efficiency by solving tasks autonomously SAN FRANCISCO, June 27, 2024 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced the integration of its proprietary AI Agents to the software development life cycle (SDLC) to enhance its core development capabilities. Supervised by humans, these AI Agents are designed to enhance Globant’s solutions and keep supporting various industries in accelerating their AI adoption.
Combined with Globant X’s already existing AI products such as Augoor, MagnifAI, Navigate, GeneXus Next, and GeneXus Enterprise AI, the new AI Agents co-create more efficient development cycles by autonomously performing tasks. Globant’s teams will leverage new AI Agents throughout the full cycle with the following initial set of Agents:
– Product Definition AI Agent: Takes multiple inputs to break down the user stories that the development team needs to build a product
– Backend Prototyping AI Agent: Enables users, regardless of their technical knowledge, to create the backend of a business application in record time
– Application Design AI Agent: Brings your vision to life from a simple text input, accelerating the design process and simplifying teamwork
– Code Tester AI Agent: Helps companies deliver high-quality software, faster, by developing comprehensive test plans and executing those tests
– Code Fixer AI Agent: Fixes issues based on contextual understanding of the existing codebase and the reported bug
“Until today, the power of AI productivity lay largely in the hands of individuals. Globant is bringing a breakthrough shift in the symbiotic relation between AI and humans by introducing a set of sophisticated AI Agents. Augmented and supervised by humans, these AI Agents will streamline operations, bring efficiencies, and grant scalability at a corporate level. The potential productivity gain of AI Agents rivals the breakthrough of Henry Ford’s assembly line, which made manufacturing more efficient and scalable,” said Martín Migoya, Co-Founder and CEO of Globant.
As an industry pioneer, Globant has incorporated artificial intelligence throughout its organization since 2013 to create best-in-class solutions that deliver real value to clients. From the initial launch of the Data and AI Studio to the creation of these AI Agents, Globant remains at the forefront of innovation. Almost 100% of Globant’s pods are AI-certified, ensuring that all teams can apply the power of AI to every one of their projects.
“We are transforming our approach to product development by utilizing advanced AI to bring out the best of both worlds: technology and humanity,” said Diego Tartara, Chief Technology Officer at Globant. “Enhancing human and AI collaboration is poised to revolutionize business operations, leading to unprecedented productivity and growth to many industries. Globant’s AI Agents combined with our suite of AI platforms provide a clear advantage to help organizations benefit from these gains.”
Globant harnesses disruptive tech to put businesses at the forefront. To learn more about Globant’s AI and digital transformation journey, solutions, and milestones, click here.
About GlobantAt Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our experience as an AI powerhouse. We dare to digitally transform organizations and strive to delight their customers.
We have more than 28,900 employees and are present in 33 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in CX Improvement Services (2020) by IDC MarketScape report.We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.We were featured as a business case study at Harvard, MIT, and Stanford.We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.Contact: [email protected] Sign up to get first dibs on press news and updates.For more information, visit www.globant.com
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Artificial Intelligence
Value-Added Resellers (VARs) Software Market Size to Grow at a CAGR of 11% | Valuates Reports
BANGALORE, India, June 27, 2024 /PRNewswire/ — Value-Added Resellers (VARs) Software Market is Segmented by Type (On-premise, Cloud-based), by Application (Large Enterprises, SMEs): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Value-Added Resellers (VARs) Software Market was valued at 550 million USD in 2023 and witnessed a CAGR of 11% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Value-Added Resellers (VARs) Software Market
The value-added reseller (VAR) industry is expanding as a result of numerous important causes. The growing complexity of technological solutions, which necessitates specialist knowledge to customize goods to match particular client needs, is one important factor. VARs’ ability to provide specialized solutions that go above and beyond the original products makes them more appealing to companies searching for streamlined, integrated systems. The demand for VARs is also increasing due to the growth of cloud computing and digital transformation initiatives across various industries, since they offer vital services including integration, support, and consulting. Businesses must look for VARs in order to obtain a technology advantage and boost operational efficiency due to the competitive marketplace.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL VALUE-ADDED RESELLERS (VARS) SOFTWARE INDUSTRY
The market for VAR software is mostly driven by large organizations’ embrace of cloud-based solutions. Cloud solutions are becoming more and more popular among large organizations because of their affordability, scalability, and flexibility, which allow them to effectively manage enormous volumes of data and intricate IT infrastructures. Cloud technologies facilitate worldwide collaboration and remote work, which are crucial in today’s dispersed work contexts. VARs are essential to this shift because they offer knowledge and experience with cloud migration, integration, and continuous support. They support businesses in tailoring cloud solutions to particular use cases, guaranteeing a smooth transition from old to new systems, and upholding strict security and regulatory requirements. Large enterprise IT environments are complicated, requiring specialist assistance and customized solutions, which VARs are well-positioned to provide.
Another important driver propelling the growth of the VARs software market is the increasing number of small and medium-sized businesses (SMBs) implementing cutting-edge software solutions. SMBs are realizing more and more how crucial it is to use technology to enhance customer experiences, streamline processes, and stay competitive. These companies, however, frequently lack the internal knowledge necessary to setup and oversee sophisticated software systems. SMBs may more easily embrace and profit from cutting-edge software solutions when VARs offer the required knowledge and assistance. VARs fuel market growth by enabling SMBs to compete with larger organizations through the provision of scalable and inexpensive solutions. The market for VAR software is developing as a result of SMBs’ tendency toward digital transformation and their increasing reliance on specialist software solutions.
The VARs software sector has undergone a transformation thanks to the emergence of cloud computing and Software-as-a-Service (SaaS) models. Cloud-based solutions are very appealing to companies of all sizes because they provide several benefits, such as lower upfront costs, scalability, and remote access. By adding cloud solutions into their portfolios, VARs have profited from this trend and given their clients the efficiency and flexibility they require in the fast-paced business world of today. In example, SaaS models give companies access to advanced software without requiring hefty infrastructure investments. The move to cloud computing has increased the importance of VARs because they now offer cloud-based solution integration, deployment, and continuing maintenance. The market for VAR software is expanding due to the growing demand for cloud solutions.
One of the main factors propelling the VARs software industry is the need for integration and customized services. Software solutions that may be customized to a business’s unique workflows and connected with current systems are frequently needed. These services are best provided by VARs, who also offer seamless interaction with other enterprise apps and bespoke software setups. The ability to customize solutions to specific business requirements and guarantee compatibility with current systems improves VARs’ overall value proposition. For companies with complicated IT environments, where off-the-shelf software solutions might not work well, customization and integration services are especially crucial. VARs help companies maximize their software investments and boost operational effectiveness by attending to these needs. The market for VAR software is growing due to the rising need for tailored software solutions and seamless integration.
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VALUE-ADDED RESELLERS (VARS) SOFTWARE MARKET SHARE
Because of its technological leadership and mature market, North America—especially the United States—represents a large portion of the VARs software market. The supremacy of the region can be attributed to its strong IT infrastructure, high adoption rates of cutting-edge technology, and a large presence of top software providers. Specialized software and VAR services are in high demand since North American businesses are quick to adopt novel solutions in order to remain competitive. The region’s emphasis on digital transformation and large investments in cybersecurity, cloud computing, and data analytics are driving the market for VAR software. Additionally, the regulatory landscape in industries like banking and healthcare demands tailored software solutions in order to maintain compliance, which increases the demand for VAR services.
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Artificial Intelligence
Senior Data Leaders from Travel and Hospitality Industry to Discuss Sector’s Unique Challenges at CDO Travel & Hospitality Exchange
LONDON, June 27, 2024 /PRNewswire/ — Following its hugely successful launch in 2023, the CDO Travel & Hospitality Exchange returns for its second year on 11-12 September 2024 at Hilton Syon Park in London. Bringing together senior data leaders from across the world of travel and hospitality for two days of learning, discussion and networking, attendees will gain unique insights on harnessing data for operational excellence, building world-class data teams and enhancing customer experience through effective use of data.
The multitude of systems and suppliers integral to the functioning of the travel and hospitality industry creates a distinct set of challenges in terms of data organisation and governance, with many data leaders feeling as though they are not maximising their organisation’s data potential. Coupled with the introduction of new legislation and the pressure to keep up with continually evolving customer expectations, a data leader’s role within travel and hospitality organisations has become increasingly demanding.
The CDO Travel & Hospitality Exchange agenda has been designed to address the complexities of implementing effective data strategies, helping travel and hospitality businesses to thrive in today’s data-driven world. With 70 select data leaders from the travel and hospitality industry in attendance and a variety of unique activity formats including industry-specific roundtables, plenary presentations and one-to-one meetings with solution providers, the Exchange format provides a tailored, unique platform to explore fresh solutions to real-world challenges that data leaders in this sector face.
The world-class speaker faculty is comprised of thought leaders from some of the travel and hospitality industry’s most recognisable brands, including Hirra Sulanki, Group Head of Digital Analytics & Optimisation at TUI, Gillian Cossey, Global Data Protection Officer at Virgin Atlantic, and Nick Beresford, Head of Data & Analytics at Heathrow Airport. Attendees will come away with the expert knowledge and actionable insights needed to create data-driven change within their organisations.
Other agenda highlights include a presentation on ‘The Ongoing Battle Between Modernisation and Legacy Systems’ by Philip Cotton, Head of Customer, Trending & Trading Insight at On the Beach. The event’s closing panel discussion on ‘Navigating the Path to Data Maturity’, notably featuring Andrea Ferrari, Director of Planning & Forecasting at Silversea Cruises, also promises to be an enriching discussion that will enable attendees to visualise the optimal data architecture, team structure and strategies needed for their organisation to excel.
Attendance at the CDO Travel & Hospitality Exchange is by invitation only. To be part of the conversation, network with fellow travel and hospitality data leaders and discover valuable solutions for your organisation, request your invitation by clicking here. For more information on the agenda and speaker lineup, visit the event website here.
Join us in shaping the future of data-driven success in travel and hospitality.
Media contacts: Kazia Green, [email protected]
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