“Bosch CEO Volkmar Denner emphasises the significant opportunities that Industry 4.0 presents for Germany. Denner argues that the digital transformation will not lead to mass unemployment, but rather, will create new job profiles and opportunities. He highlights the importance of further education and training to equip workers with the necessary skills for the digital age. Denner also stresses the need for more digital infrastructure in Germany, including the expansion of the 5G network.

Bosch is investing heavily in the digital transformation and is working on around 500 Industry 4.0 projects worldwide. The company is also focusing on artificial intelligence (AI) and the Internet of Things (IoT), with Denner asserting that AI is the key to making things understand. He believes that, with the help of AI, products will become partners and assistants to their users.

Denner also mentions the environmental benefits of digitalisation. He points out that digital solutions can help save resources and reduce CO2 emissions. For instance, Bosch’s energy platform, which uses AI to predict and optimise energy consumption, has already saved the company 1,000 tonnes of CO2 within one year.”

Go to source article: http://www.industriemagazin.at/a/bosch-chef-denner-industrie-4-0-bietet-fuer-deutschland-grosse-chancen