The Bosch brand may be most recognizable from the company’s high-end home appliances, or perhaps from its numerous power tool brands, including Dremel and Vermont American. In reality, Bosch’s core business has historically been in the automotive parts industry.
Today, however, the 131-year-old German industrial giant is a global supplier of technology and services, employing roughly 390,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016.
Even with such success, Bosch is now undergoing end-to-end digital transformation.
For Bosch, such transformation is all about innovation. Not content simply to rest on its numerous successful lines of business, Bosch continues to be in the forefront of global innovation.
At the tip of this innovation spear is Robert Bosch Venture Capital (RBVC), Bosch’s start-up investment arm. While many large enterprises today have their own investment arms that focus on growth, for Bosch, the focus is on innovation.
Ingo Ramesohl, Managing Director at RBVC, makes this strategy clear. “Our main mission is strengthening Bosch’s innovation leadership,” Ramesohl explains. “We’re undertaking minority investments in relevant technology and business models around the world.”
Read the entire article at https://www.forbes.com/sites/jasonbloomberg/2017/07/26/bosch-investing-in-data-driven-innovation/.
Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, iguazio is an Intellyx customer. None of the other organizations mentioned in this article are Intellyx customers. Image credit: Bosch.
