Bosch is an industrial monolith, which is on the verge of a huge IoT initiative, as it prepares to launch the Bosch IoT Cloud. Its recently released 2016 results put total sales at $78.54bn, up around 3.5% from 2015’s $75.86bn (up 5.4% once exchange rates are accounted for), employing around 390,000 people globally. As a private company, it doesn’t release the kinds of details you’d expect to see from a public entity, but it lists its earnings before interest and tax (EBIT) to $4.62bn. Due to its 130-year history, Bosch has been conservative in its strategy. But in 2014, it began overhauling its internal structures to ready itself for the IoT – with a key part of this being the…