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Hitachi Insight Group Formed to Accelerate Hitachi's Global Internet of Things Business
Following its corporate statement of direction on April 14th, Hitachi, Ltd. announced the formation of Hitachi Insight Group. Headquartered in Santa Clara, California, the new group will drive Hitachi's unified Internet of Things (IoT) business and go-to-market (GTM) strategy worldwide. With USD$5.4 billion in IoT solutions and services revenue generated in 2015 and 33 solutions in-market today, Hitachi offers one of the broadest IoT solutions portfolios in the industry. By uniting its digital and IoT solutions and services businesses, Hitachi is positioning itself to lead in this fast-growing market. The newly formed Hitachi Insight Group will be the 'tip of the spear' in Hitachi's quest to capture market share in what is projected to be a $1.46 trillion market opportunity by 2020.
Hitachi Insight Group Introduced Lumada, an IoT Core Platform
Hitachi Insight Group, the new global group responsible for driving Hitachi's global unified Internet of Things (IoT) business and strategy, introduced Lumada, an IoT core platform. Integrating proven commercial technologies from across Hitachi's portfolio, Lumada is a comprehensive, enterprise-grade IoT core platform with an open and adaptable architecture that simplifies IoT solution creation and customization. It incorporates expansive expertise in operational technology (OT) and information technology (IT), blending proven data orchestration, streaming analytics, content intelligence, simulation models, and other Hitachi software technologies. Lumada accelerates synthesizing of actionable insights, delivering faster time to value and supporting better decisions that lead to real world outcomes, like increased productivity and safety, streamlined processes, reduced operational costs and carbon footprint, or improved quality of life. The platform will serve as the core foundation on which all of Hitachi's IoT solutions are built and will enable the creation of IoT business ecosystems.
Lumada was specifically designed to address the challenges associated with IoT solution creation leveraging Hitachi's rich OT and IT expertise and technologies. Its uniquely open and adaptable architecture makes it broadly applicable for a wider array of industries and use cases, providing an extensible, flexible platform from which Hitachi and its customers and partners can easily tailor solutions or co-create.
Lumada provides a comprehensive framework of key IoT solution building blocks, including edge device and connectivity integration, application integration, data integration and orchestration, data repositories, stream and batch data processing, advanced analytics, artificial intelligence, simulation tools, repeatable solution blueprints, and enterprise services.
Keywords: Internet of Things (IoT), Operational Technology (OT), Information Technology (IT), Data Orchestration, Streaming Analytics, Content Intelligence, Simulation Models, ARC Advisory Group.