Siemens re-enters the lighting business, via the IoT
Five years after spinning off its Osram lighting subsidiary and thereby dumping its bulb baggage, Siemens AG is back in the lighting business.
This time, however, there isn’t a light bulb in sight, at least not as a revenue driver. Rather, the 171-year-old German engineering conglomerate is embracing the industry’s modern zeitgeist, selling Internet-connected, chip-and-sensor imbued lighting controls, services, and systems aimed at profiting from data collection and analysis.