STOCK TITAN

Hitachi Vantara Doubles Down on its Enterprise Storage, AI, and Hybrid Cloud Business Through Strategic Realignment

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
AI
Rhea-AI Summary
Hitachi Vantara completes strategic realignment integrating Hitachi's IT Platform Products Management Division to enhance data processing capabilities. The move aims to accelerate growth, focus on hybrid cloud, and generative AI.
Positive
  • None.
Negative
  • None.

New organizational structure includes integration of Hitachi IT Platform Products Management Division to provide unmatched data processing, reliability, and resiliency capabilities

SANTA CLARA, Calif., April 2, 2024 /PRNewswire/ -- Hitachi Vantara, the data storage, infrastructure, and hybrid cloud management subsidiary of Hitachi, Ltd. (TSE: 6501), announced the completion of a strategic realignment designed to accelerate the company's growth plan, including its ability to respond to market opportunities with a focus on hybrid cloud and generative AI. The new structure includes the integration of Hitachi Vantara and Hitachi's IT Platform Products Management Division, which has been responsible for Hitachi's business development, R&D, and production of data infrastructure solutions.

To learn more Hitachi Vantara's data storage, infrastructure, and hybrid cloud offerings, visit:
https://www.hitachivantara.com/en-us/products/storage-platforms.html  

The realigned Hitachi Vantara commands extensive infrastructure and data storage experience across manufacturing and hybrid cloud, as well as a shared focus on collaboration to drive meaningful business outcomes for the company's customers. As a result, the company will be able to innovate and adapt to the needs of the market in real time, while also building upon its long-standing expertise in managing data across mission critical environments.

The announcement comes at an important time as the emergence of technologies like generative AI has led to an explosive growth of processing required for data, and many companies are straining to keep up. One recent survey of IT leaders revealed that many IT professionals are struggling to manage AI projects and deal with the resulting deluge of data. According to the survey, nearly nine in 10 IT professionals (88%) can't support the surge of AI-related requests that they have received at their organization. A separate survey found that more than 75% of organizations are using multiple AI models and 90% said that they have faced challenges integrating AI with other systems.

"The rise of generative AI and the explosion in data processing power are pushing the pace of change, and many organizations are struggling to keep up," said Sheila Rohra, CEO of Hitachi Vantara. "This next phase of business transformation is designed to help us accelerate our execution and scale our business to identify and capitalize on market opportunities in real-time. This extension of development, manufacturing, sales, and delivery capabilities will strengthen our ability to provide our customers with the AI-driven data performance, reliability, and resiliency they need across their hybrid cloud environments in order to realize real-world impact and growth."

As part of the new organizational structure, Akinobu Shimada, formerly president of Hitachi's IT Platform Products Management Division, has been appointed as chairman of Hitachi Vantara to bolster the already strong connection between Hitachi Vantara and Hitachi Ltd. 

"Our strong partnership across the organizations has helped to create the right synergy to formalize a Hitachi Vantara structure that brings R&D and engineering closer to our key markets around the globe," said Shimada. "Given the impressive amount of industry expertise and technical understanding infused into our business, I am confident that we will lead with a unified digital infrastructure and AI strategy and execution plan that enables us to deliver high-impact outcomes for our customers and positions our business for continued growth."

Hitachi Vantara is pioneering the development of hybrid cloud storage that seamlessly combines on-premises and cloud computing to achieve safety, high performance and reliability, and cost advantage in processing critical, large-scale data for complex business requirements. As an example, the company recently announced a collaboration with NVIDIA to create a new generation of transformational AI solutions, Hitachi iQ, which layers industry-specific capabilities on top of its AI solution stack, so outcomes can be more specific and relevant to an organization's business.

For more information on Hitachi Vantara's leadership updates from CEO, Sheila Rohra, please click here.

Connect With Hitachi Vantara

About Hitachi Vantara

Hitachi Vantara is transforming the way data fuels innovation. A wholly owned subsidiary of Hitachi Ltd., Hitachi Vantara provides the data foundation the world's leading innovators rely on. Through data storage, infrastructure systems, cloud management and digital expertise, the company helps customers build the foundation for sustainable business growth. To learn more, visit www.hitachivantara.com.

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" - supporting our customers' digital transformation; "Green Energy & Mobility" - contributing to a decarbonized society through energy and railway systems, and "Connective Industries" - connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hitachi-vantara-doubles-down-on-its-enterprise-storage-ai-and-hybrid-cloud-business-through-strategic-realignment-302105589.html

SOURCE Hitachi Vantara

The realignment integrates Hitachi's IT Platform Products Management Division to enhance data processing capabilities, accelerate growth, and focus on hybrid cloud and generative AI.

Akinobu Shimada, formerly president of Hitachi's IT Platform Products Management Division, has been appointed as the chairman of Hitachi Vantara.

The new structure focuses on collaboration, innovation, and adapting to market needs in real time, leveraging expertise in data management across mission-critical environments.

Hitachi Vantara aims to provide AI-driven data performance, reliability, and resiliency across hybrid cloud environments to meet the growing demands of generative AI and data processing.

Hitachi Vantara has announced a collaboration with NVIDIA to develop Hitachi iQ, a new generation of transformational AI solutions with industry-specific capabilities.
Hitachi Ltd.

OTC:HTHIY

HTHIY Rankings

HTHIY Latest News

HTHIY Stock Data

All Other Miscellaneous General Purpose Machinery Manufacturing
Manufacturing
Link
Industrial Conglomerates, Producer Manufacturing, Manufacturing, All Other Miscellaneous General Purpose Machinery Manufacturing
Japan
Chiyoda Ku