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GE and Bosch have decided to team up and merge their connected technologies, to establish an open-source platform for companies to develop industrial internet of things (IIoT) projects.
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To do this, the pair will integrate parts of GEs Predix operating system with Boschs IoT suite to cover functionalities like messaging, descriptions and authentication.
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The end goal from an open-source perspective, the pair said in a joint statement, will be to give companies a leg up to tackle IoT projects they might not have tackled before without this available technology.
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The collaboration with GE Digital is another important milestone for Boschs connectivity strategy.
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Announcing the signing of a memorandum of understanding, the pair revealed that they are to create stack-based open-source IoT software as part of the ongoingEclipse Foundation, an open source software initiative.
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No company can realise the IoT on its own. It is very important for Bosch to engage in business ecosystems and open-source communities, said Rainer Kallenbach, CEO of Bosch Software Innovations.
For example, GEs executive director of platform evangelism at GE Software, Greg Petroff, has said that the company will still protect its Predix security components.
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One such implementation of this IoT suite was announced recently at IFA 2016, when Irish start-up Drop revealed its technologywas to be includedin its range of IoT ovens.
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Both companies have said they intend to use the open-source software to grow a larger ecosystem around this technology stack, which IoT platforms can be built upon.
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Recently described asthe next economic evolution, the financial gains for IIoT applications is expected to be substantial, with low estimates suggesting $79,500 per capita in the US by 2030.
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That said, some aspects of GEs and Boschs technology will remain closely guarded secrets of both companies.
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