Global technology, consumer goods, and mobility company Bosch has become carbon neutral in 2020. During an address at the technology show CES 2021, the company said that the idea will be to have a new concept called AIoT which combines artificial intelligence (AI) and Internet-of-Things (IoT) into developing smart solutions for the future.
Speaking at the virtual event, Michael Bolle, Bosch CTO, CDO, and management board member said, "AIoT offers enormous potential. We are already unlocking this potential and plan to expand our efforts in the future."
The company will be making an investment of $2 billion in the areas of machines, services, and green energy till 2030.
A study recently published in Germany indicated that AIoT can go beyond health applications to support climate action as well. The study found that comprehensive digitalisation in mobility, manufacturing, and building technology could help get the country nearly halfway to achieving the Paris Agreement emissions targets.