Over the last ten years, we have seen the transformation of Bosch first into an IoT company, and more recently into an AIoT company. IoT – the Internet of Things – provides basic connectivity and already enables important use cases such as condition monitoring or data-driven applications for physical products. AI – Artificial Intelligence – is the new game changer, utilizing the massive amounts of data we can generate from the IoT to help us understand how our products are performing in the field and how our customers are using them. New digital features for physical products can be enabled using the combination of AI and IoT together – or in short, AIoT, as we are now calling it.