Artificial Intelligence have the potential to create high value jobs: Bosch Group CEO

Volkmar Denner, CEO of the Germany-headquartered Bosch Group which supplies technology and services, said that the rise of Artificial Intelligence …

Volkmar Denner, CEO of the Germany-headquartered Bosch Group which supplies technology and services, said that the rise of Artificial Intelligence (AI) is expected to be like any other industrial revolution and will lead to a shift in job qualification profiles. Denner said that AI will have the potential to create high value jobs and added that the Bosch Group was bullish about its Indian operations. “Last year we had set up an AI centre in Bengaluru, and our newly established Connected Mobility Solutions division is active in India too, where it is helping to shape the mobility of the future. We plan to invest an additional Rs 1700 crores in India in the next three years,” said Denner. He further remarked that the company has always believed in giving adequate training to its people to develop new skill sets. Though there are robots working in different set ups at Bosch, these are not meant to substitute its engineers but to make them more productive, remarked Denner.

Denner said that the Bosch Group also has a clear cut Internet of Things (IoT) strategy and majority of its electronic products are now IoT and IP enabled. “Here in India, the transformation of Bosch into a leading IoT company is especially evident. We have been investing heavily to drive this forward and our Adugodi facility in Bengaluru is being revamped from a manufacturing facility into a technology hub. Over the past three years, we have invested more than Rs 370 crores to create this campus, which houses 3650 of our 18,000 engineers in India. We are planing an additional investment of Rs 600 crores for the expansion of this Bengaluru facility,” said Denner.

Denner said that he is positive about the future of electric vehicles but he felt that a lot to be done in India to achieve the goal of going fully electric. “You have to empower the electrical grid to sustain large volumes of electric vehicle system. At the same time there is a need for adequate charging infrastructure to charge these vehicles,” he said.

Denner pointed out that internal combustion engines will continue to be the mainstream solution for freight, and passenger vehicles globally but at the same time hybrid technology will play a key role in India, particularly due to the prevalence of stop/start driving caused by traffic congestion. “We believe that the co-existence of combustion engines and electrification with hybridisation is an interim solution on the road to an electric future. We have invested Rs 3195 crore every year since the beginning of this decade in electromobility. Currently, there are more than 800,000 vehicles on the road worldwide that contain Bosch components for electrified driving. Electrification in India is expected to gain momentum via fleet operators, for which the prerequisite is shared and connected mobility. In view of this, we believe it will take off much more rapidly in the small vehicle segments,” said Denner.

Interestingly, Denner observed that India has overtaken Germany to become the fourth largest automotive market in the world and it is a high potential market for the Bosch Group. “Automobile sales in Asia’s third largest economy, including passenger and commercial vehicles, grew by 9.5 per cent last year. In 2017, the Bosch Group registered a total sales of around 2 billion euros in the Indian market which is a double-digit sales growth of 15.4 per cent in euro terms,” stated Denner.

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Cypress and ESCRYPT Unveil End-to-end LoRaWAN-based Security Solution for Smart City and …

Cypress Semiconductor announced that it has collaborated with ESCRYPT to offer a secure microcontroller solution for industrial IoT applications using the LoRaWAN open protocol.

Combination of Cypress’ PSoC® 6 MCUs and ESCRYPT Key Provisioning and Management API Simplifies Deployment of Secure LoRaWAN™ Systems

SAN JOSE, Calif., February 20, 2018—Cypress Semiconductor Corp. (NASDAQ: CY), the leader in advanced embedded system solutions, today announced that it has collaborated with ESCRYPT, a leading IoT security provider and member of the Bosch group, to offer a secure microcontroller (MCU) solution for applications using the LoRaWAN™ open protocol. ESCRYPT has integrated their secure LoRaWAN key provisioning and management application programming interface (API) with Cypress’ PSoC® 6 BLE MCU so customers can easily protect and manage their LoRaWAN keys and deploy a secure LoRaWAN-based system quickly. The PSoC 6 BLE MCU is the industry’s lowest power, most flexible dual-core MCU with built-in Bluetooth Low Energy (BLE) wireless connectivity and hardware-based security, including an isolated-execution environment, secure-element functionality and an accelerated cryptographic engine.

Smart city and industrial Internet of Things (IoT) applications that leverage the LoRaWAN network require processing for sensor aggregation, control actuation and for operation of the radio stack. The radio stack utilizes two Advanced Encryption Standard AES-128 cryptographic keys for security operations—one to authenticate packet data to the network server and one to decrypt the packet when it arrives at the application server. Cypress’ PSoC 6 MCUs ensure that these keys are only used by crypto operations and are not accessible by other programs. The radio stack conducts signing and encrypting in the MCUs’ isolated execution environment, protecting sensitive information. In addition, the PSoC 6 MCUs’ secure boot capability ensures that they power up in a secure state. Along with these security features, PSoC 6 MCUs provide BLE for off-channel communication and additional processing capacity that can be used for sensor hub functionality, providing a one-chip LoRaWAN host MCU.

“When we looked around the IoT MCU universe, we identified Cypress’ PSoC 6 as the ultimate low-power, secure MCU to match with the LoRa® radio,” said Tony Rosati, ESCRYPT’s Director of IoT Security Solutions. “PSoC 6 MCU-based LoRaWAN-based modules will provide our customers with everything they need to bring secure IoT solutions to market quickly.”

The ESCRYPT LoRaWAN Key Management System (KMS) is a Cloud based security service for lifecycle key management in any LoRaWAN ecosystem. It is use used to securely provision and register devices onto any LoRaWAN network and to securely store keying material for the LoRaWAN ecosystem. Keying material is never exposed and only authorized users gain access to sensitive IoT data.

“Edge devices that use Semtech’s LoRa devices and wireless radio frequency technology (LoRa Technology) need to be secure and protect the data that they generate and process,” said Jack Ogawa, senior director of marketing for the MCU Business Unit at Cypress. “PSoC 6 MCUs protect encryption keys and provide isolated execution environments for secure operations, and therefore can be the cornerstone for a secure LoRa-based device that service providers can trust. Cypress and ESCRYPT together provide an end-to-end security solution, from silicon to cloud-based key management.”

Cypress and ESCRYPT are demonstrating a secure PSoC 6 MCU-based LoRa-based module from partner Onethinx that connects to the Cross Domain Development Kit (XDK), a smart and wirelessly transmitting multi-sensor module by Bosch Connected Devices and Solution GmbH. The XDK records sensor data such as vibration, orientation, temperature, light intensity or barometric pressure from Micro-Electromechanical Systems (MEMS) sensors and uses the ESCRYPT provisioning system to securely connect to the Onethinx LoRa-based application server. The demonstration will be in the ESCRYPT booth number D04 at the Bosch Connected World conference in Berlin, Germany from February 21 to 22. Cypress will also be showcasing this demo, along with its complete embedded systems solution portfolio, at the Embedded World trade show in Nuremberg, Germany in hall 4A, stand 148 of the Nuremberg Exhibition Center from February 27 to March 1.

About PSoC 6

PSoC 6 is the industry’s lowest power, most flexible MCU with built-in Bluetooth Low Energy wireless connectivity and integrated hardware-based security in a single device. Software-defined peripherals can be used to create custom analog front-ends (AFEs) or digital interfaces for innovative system components such as electronic-ink displays. The architecture offers flexible wireless connectivity options, including fully integrated Bluetooth Low Energy (BLE) 5.0. The PSoC 6 MCU architecture features the latest generation of Cypress’ industry-leading CapSense® capacitive-sensing technology, enabling modern touch and gesture-based interfaces that are robust and reliable. The architecture is supported by Cypress’ PSoC Creator™ Integrated Design Environment (IDE) and the expansive Arm ecosystem. Designers can find more information on the PSoC 6 MCU architecture at http://www.cypress.com/PSoC6.

Cypress PSoC 6 IoT MCU photo

Follow Cypress Online

Join the Cypress Developer Community, read our Core & Code blog, follow us on Twitter, Facebook and LinkedIn, and watch Cypress videos on our Video Library or YouTube.

About Cypress

Cypress is the leader in advanced embedded system solutions for the world’s most innovative automotive, industrial, smart home appliances, consumer electronics and medical products. Cypress’ microcontrollers, analog ICs, wireless and USB-based connectivity solutions and reliable, high-performance memories help engineers design differentiated products and get them to market first. Cypress is committed to providing customers with the best support and development resources on the planet enabling them to disrupt markets by creating new product categories in record time. To learn more, go to www.cypress.com.

About ESCRYPT

ESCRYPT is a leading system provider for IoT security in the domains of smart mobility, smart city and smart industry. With locations in Germany, the UK, Sweden, the USA, Canada, China, Korea, and Japan we have security specialists available to help with current security topics such as secure M2M-communication, IT-security in the Internet of Things, protection of e-business models and automotive, enterprise and operational IT security. ESCRYPT develops highly secure, worldwide valued products and solutions which are tailored to the specific requirements of embedded systems and the relevant IT-infrastructure and are tested and proven a million times in automotive series production. ESCRYPT is a subsidiary of ETAS GmbH, a wholly owned subsidiary of the Bosch Group. For more information, visit www.escrypt.com.

About Bosch Connected Devices and Solutions

Bosch Connected Devices and Solutions GmbH has been founded 2013 as a fully owned subsidiary of Robert Bosch GmbH. The company develops and markets smart connected devices and tailor made solutions for the Internet of Things. Leveraging on its competences in electronics, sensor technology and software development, Bosch Connected devices and Solutions offers new business models to the global IoT market. the company is headquartered in Reutlingen, Germany with offices in Chicago(USA), Shanghai (China) and Singapore.

For more information, please visit www.bosch-connectivity.com, xdk.io, twitter.com/bosch_BCDS.

About Onethinx

Onethinx specializes in full service IoT development solutions, with a focus at LoRaWAN network. We follow pragmatic procedures resulting in attractive and user-friendly applications. We offer off-the-shelve and tailor-made applications based on our overall conceptual and technical approach. Building on optimized concepts and technical innovations, backed up with over 15 years of experience in the field of electronics, mechanics, software and communication & marketing.

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Cypress, the Cypress logo, PSoC, CapSense are registered trademarks and PSoC Creator is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.

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Bosch Looks to IOTA for its Autonomous Vehicle Project

German-based Bosch, a multinational engineering and electronics company, is reportedly intending to adopt the IOTA for its autonomous cars project. Over the weekend, it was announced on social media by Sarah Nizze, Bosch’s marketing manager, that the 131-year-old firm was deploying the IOTA for …

German-based Bosch, a multinational engineering and electronics company, is reportedly intending to adopt the IOTA for its autonomous cars project.

Over the weekend, it was announced on social media by Sarah Nizze, Bosch’s marketing manager, that the 131-year-old firm was deploying the IOTA for its latest project. In an interview, Tal Dekel, Bosch’s senior technology scout in Israel, said:

“This investment represents Bosch’s transition from a hardware company to a company that deals with data and monetization of data.”

The announcement from the company comes at a time when Bosch will be hosting its fifth annual conference celebrating the Internet of Things (IoT) later this month.

With more than 140 speakers and over 3,500 conference and hackathon participants, the Bosch ConnectedWorld 2018 conference aims to provide a platform for inspiration, education, and connections that thrive in IoT. Taking place from the 20-22 February at STATION, Berlin, one of the hurdles looked at will be to see what potential the IoT has within the autonomous driving industry.

In July, the BBC reported that Bosch had revealed that it was working with Elon Musk’s America-based electric automotive Tesla company to create the first autonomous car ahead of competitors such as Uber and Google. At the time of the report, the German company said that it hopes to install its autonomous technology into cars such as Daimler within the next five years.

Back in December, Robert Bosch Venture Capital GmbH (RBVC) – the corporate venture capital company of the Bosch Group – had purchased a significant amount of IOTA tokens, according to a report from Venture Beat. At the time, it was reported that this was an important move for the company as it looks to the future of the Internet of Things (IoT). RBVC also sits on the IOTA’s advisory board.

Dr. Hongquan Jiang, partner at RBVC, explained:

“With a protocol like IOTA, we don’t just work on automation of machines but on the full autonomy of machines, by making it possible for them to transact with each other in this ‘machine economy.’”

For RBVC, they believe that the IOTA has the potential to solve important problems in the distributed ledger technology for IoT. This include scalability and transaction costs. Even though the IOTA is still in its early stages, RBVC believe that it could play a key role in the IoT industry as it matures.

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Robert Bosch Venture Capital embraces blockchain, invests in IOTA

“Bosch is one of the pioneers actively driving the adoption of distributed ledger technology in the automotive and Internet of Things (IoT) industry. The investment in IOTA’s token, the first ever token investment of RBVC, will help us working closely with the IOTA Foundation to explore the industrialization …

Robert Bosch GmBH announced in December 2017 its first investment in distributed ledger technology (DLT).

Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital arm of the Bosch Group, purchased IOTA tokens – currently the tenth most valuable cryptocurrency by market cap. The company is seeking to intensify its collaboration with the IOTA Foundation, an open-source non-profit foundation from Germany.

“Bosch is one of the pioneers actively driving the adoption of distributed ledger technology in the automotive and Internet of Things (IoT) industry. The investment in IOTA’s token, the first ever token investment of RBVC, will help us working closely with the IOTA Foundation to explore the industrialization of this exciting technology,” said Dr. Ingo Ramesohl, Managing Director at RBVC.

According to the official release, Dr. Hongquan Jiang, Partner at RBVC, will join the IOTA Foundation’s advisory board. The investment follows the successful launch of IOTA’s data marketplace, with more than 30 leading companies worldwide participating.

“We have been working with the IOTA team for more than one year. I’m very excited about IOTA’s innovative tangle technology, which could potentially become the standard underlying technology for trustless machine to machine communication, security and payment in the IoT space,” said Dr. Hongquan Jiang. “There will be much synergy between Bosch and the IOTA Foundation, and I’m looking forward to seeing more industrial adoptions of this technology in the near future.”

IOTA enables machines to securely transact data and money with each other. It is the inventor of Tangle, which it describes as a “blockless distributed ledger which is scalable, lightweight and for the first time ever makes it possible to transfer value without any fees.” Recently, Taipei City partnered with the IOTA Foundation to drive its efforts towards reaching smart city goals.

“Bosch and IOTA have been in contact since 2015 and are working together on multiple fronts, including the Trusted IoT Alliance (TIOTA) and other projects,” said David Sønstebø, Co-Founder of IOTA. “The decision by RBVC to acquire a significant amount of iota tokens solidifies the idea of the Machine Economy and how significant leaders in this space share our vision.”

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Robert Bosch Venture Capital makes first investment in distributed ledger technology

Robert Bosch Venture Capital makes first investment in distributed ledger technology. Purchase of IOTA tokens to support creation of new business models for the Internet of Things. Bosch is one of the pioneers actively driving the adoption of Distributed Ledger Technology in the automotive and Internet …

Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has purchased a significant amount of IOTA tokens, one of the largest cryptocurrencies in the world. In doing so it hopes to intensify the collaboration with the IOTA Foundation, an open-source non-profit foundation from Germany. RBVC also intends to elevate the technology to maturity by bringing it closer to Bosch’s global ecosystem and key partners. “Distributed ledger technology will play an important role in the industry of tomorrow,” said Dr. Ingo Ramesohl, Managing Director at RBVC. “Bosch is one of the pioneers actively driving the adoption of distributed ledger technology in the automotive and Internet of Things (IoT) industry. The investment in IOTA’s token, the first ever token investment of RBVC, will help us working closely with the IOTA Foundation to explore the industrialization of this exciting technology.” RBVC’s investment broadens the potential for new business models for the IoT in any number of verticals and uniquely positions IOTA and Bosch to take on the challenges of IoT together. Dr. Hongquan Jiang, Partner at RBVC, will join the IOTA Foundation’s advisory board. The investment follows the successful launch of IOTA’s data marketplace, with more than 30 leading companies worldwide participating.

IOTA, which is the first distributed ledger technology to go beyond a Blockchain, enables machines to securely transact data and money with each other. This is the stepping stone to new innovative IoT based applications and business models such as mobility, energy or industry 4.0. The IOTA technology has already enabled more than 10 billion dollars to be transacted, and has been utilized for use cases including transparent value chains, secure over-the-air updates and feeless micropayment-based electric vehicle charging or parking.

Synergies between Bosch and IOTA Foundation expected

“We have been working with the IOTA team for more than one year. I’m very excited about IOTA’s innovative tangle technology, which could potentially become the standard underlying technology for trustless machine to machine communication, security and payment in the IoT space,” said Dr. Hongquan Jiang. “There will be much synergy between Bosch and the IOTA Foundation, and I’m looking forward to seeing more industrial adoptions of this technology in the near future.”

“The purchase of IOTA tokens by RBVC is a strong vote of confidence for the technology and the ecosystem we have built over the years,” said Dominik Schiener, Co-Founder of IOTA. ”Distributed ledgers are the future when it comes to truly unleashing the IoT, and with IOTA we see the potential of becoming the backbone of this emerging Machine Economy. We will continue to intensify our collaboration with leading IoT companies and hope to have the first go-to-market solutions ready by the end of 2018.”

“Bosch and IOTA have been in contact since 2015 and are working together on multiple fronts, including the Trusted IoT Alliance (TIOTA) and other projects,” said David Sønstebø, Co-Founder of IOTA. “The decision by RBVC to acquire a significant amount of iota tokens solidifies the idea of the Machine Economy and how significant leaders in this space share our vision.”

Start-ups interested in getting in contact with Robert Bosch Venture Capital GmbH can find more information at www.rbvc.com.

About RBVC GmbH

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business.

Additional information is available at www.rbvc.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. 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 deliver innovations for a connected life. 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 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.

Additional information is available online at www.bosch.com, iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

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