Data Is The New Fuel For The Global Economy

Robert Bosch Engineering and Business Solutions (RBEI) is putting a lot of focus on leveraging the power of data and data analytics tools. Sri Krishnan, Vice President, RBEI tells that its data analytics offering has an entire range of solutions from data gathering, modeling, validating and deployment in the real world environment. With the advent of Internet-of-Things, data analytics has become an integral part of any connected eco-system. Its team is actively creating such end-to-end IoT solutions for business domains like mobility, industry 4.0, smart homes, healthcare, agriculture and energy, etc. Excerpts:

- Onkar Sharma

What are the different projects you are handing at RBEI?

Big data is one of the key forces that launched Bosch as a strong player in the connected world. After all, data is the new fuel for the global economy. We identified the mega trend and incubated a data analytics team early enough to prepare ourselves for this wave. Initial pilots were done on the internal projects in manufacturing and engineering. Since then, some of the business cases we have worked on include reduction in claims by processing warranty and quality data, predicting remaining useful life of vehicle components, real time detection of anomalies on production line, preventive maintenance of enterprise assets, sentiment analysis on social media data, to name a few.

Advancement of machine learning helps to solve many more complex problems. This has created a thrust in adoption of data science in all business areas across Bosch worldwide.

What is RBEI’s expertise in data analytics? do you have any examples?