ABB, Bosch and Cisco plan to establish an international joint venture that will develop and operate an open software platform for smart home devices and applications. The companies involved expect that the joint venture will be able to commence operations early 2015.
The aim of the joint venture is to develop and operate an open software platform that will enable this simple exchange of data between different manufacturers’ devices. The new platform will also make it possible to provide a range of services related to household devices, in areas such as energy management, security technology, and entertainment. This will help enable new business models: software developers, for example, will be able to create a wide variety of apps for these areas of use.
In addition, the companies intend to invite appliance electronics manufacturers, home automation vendors and service providers to join a business ecosystem.