Why is BOK's 100 million yuan plus code Internet of Things field eager to transform?

Recently, BOE Technology Group Co., Ltd. announced that it has increased its capital to Beijing Electronic Control Industry Investment Co., Ltd. (hereinafter referred to as 'Electronic Control Production Investment'), and invested funds in the IoT smart port industry chain. BOE has recently tried to accelerate the pace of transformation. But the Internet of Things is a huge and new field for enterprises. Can BOE move this bone?

The announcement shows that BOE intends to jointly increase the capital of Beijing Electronic Control and its subsidiaries to the electronic control production investment, of which BOE invested 100 million yuan. Initially, it mainly invested in technology services, integrated circuit equipment, and the upstream and downstream industries of the IoT smart port industry chain. Follow-up, gradually expand to cultural and creative, new energy and other industrial fields. Can not help wonder, what benefits this investment can bring to BOE.

According to the operator World Network, in recent years, BOE has frequently merged with enterprises to speed up the expansion. This investment will help BOE to use the electronically controlled investment platform to find high-quality enterprises in the industry and conduct industrial mergers and acquisitions; Being able to nurture emerging projects and promote transformation and upgrading of enterprises can be described as two-fold. However, BOE cannot be too happy, because the Internet of Things field has many challenges.

Nowadays, many companies are paving the way for the transformation of the Internet of Things, but from the market point of view, this situation is not optimistic. Enterprises need to develop a new model, which requires a lot of money and manpower. Therefore, most companies tend to Optimize rather than transform, to minimize change and risk.

But this increases the risk. Because of the emergence of technologies such as the Internet of Things, platform business models and blockchain, any industry can be quickly subverted.

The two options have their own advantages and disadvantages and risks. BOE's investment in the Internet of Things project is devoted to 'optimization' or 'transformation'. It depends on its own choice. The only certainty is that BOE will play a hard battle in the future.

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