Hitachi Limited Stock Price, News & Analysis

Hitachi, Ltd. (TSE: 6501) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Industrial IoT Platforms for the second consecutive year. This recognition is based on the evaluation of its Lumada portfolio, which combines advanced analytics and data management to enhance operational efficiencies and deliver significant cost savings. The company aims to help clients leverage IoT solutions to improve asset utilization and performance management across various industries.

Hitachi Vantara has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Primary Storage for the third consecutive year, attributed to its Virtual Storage Platform (VSP) product portfolio. The VSP 5000 series excelled in several categories, ranking 1st in Online Transaction Processing and Application Consolidation, and 2nd in Server Virtualization. The company continues to focus on enhancing operational efficiencies and reducing costs for customers through its AI-powered Ops Center and EverFlex as a Service offering.

Hitachi and GlobalLogic have launched a collaborative hub to promote digital transformation (DX) services in Japan, leveraging the Lumada Innovation Hub Tokyo. This initiative aims to accelerate GlobalLogic's market entry and enhance design-led digital engineering services, beginning fiscal 2022. The partnership will first focus on transforming Hitachi's storage business into a cloud-based model. With over 22,000 and 35,000 professionals respectively, both companies plan to develop joint services and facilitate workshops to address market needs and customer challenges.

Hitachi Vantara has launched Cloud FinOps Services to optimize cloud cost management for organizations deploying hybrid and multicloud services. This service targets the common issues of rising costs due to ungoverned consumption and operational inefficiencies. According to IDC, many enterprises plan to enhance cloud cost management by 50% through 2022. Customers can achieve an average of 30% savings by leveraging Hitachi's expertise. The services address complexities in managing cloud environments and provide tools for real-time visibility, cost control, and resource optimization.

Hitachi Vantara has launched the Lumada DataOps Suite, aimed at enhancing data management and analytics for businesses. This modular software platform leverages AI to automate data operations, thereby reducing costs and improving efficiency. Designed to tackle data sprawl, the suite integrates data across diverse environments, facilitating easier access for analysts and business leaders. Notable features include improved collaboration tools and full Microsoft Azure support. The Lumada DataOps Suite is now available globally.

Hitachi Vantara has appointed Mark Ablett as President of its Digital Infrastructure Business Unit. This unit supports 80% of the Fortune 100 with advanced data solutions. Gajen Kandiah, CEO, emphasized the importance of high-performance digital infrastructure amidst projected datasphere growth. Ablett, who has been with the company since 2015 and held various leadership roles, expressed excitement about leading the team to enhance client data journeys. This promotion aims to drive growth in a recovering market.

Hitachi, Ltd. has successfully completed the acquisition of GlobalLogic Inc., enhancing its digital transformation capabilities. This acquisition, effective July 13, 2021, allows Hitachi to integrate GlobalLogic's digital engineering and experience design expertise with its Lumada digital solutions. The merger aims to accelerate innovation and tackle societal challenges within various sectors including IT, energy, and mobility. Financially, Hitachi reported revenues of approximately $78.6 billion for the fiscal year 2020, indicating a strong foundation for this strategic move.

Hitachi Vantara has acquired Io-Tahoe, an innovator in data management, aiming to enhance its Lumada DataOps Suite. This acquisition aligns with Hitachi's strategy to lead in digital transformation across critical sectors such as energy and healthcare. Io-Tahoe's AI-driven software improves data quality, lineage, and compliance for Fortune 1000 companies. Integration of Io-Tahoe's capabilities into Lumada will enhance data solutions for clients, promising faster and more meaningful business outcomes. The deal reflects Hitachi's commitment to empowering businesses through advanced data solutions.

The American Heart Association has partnered with Hitachi Vantara to enhance the accessibility of its Precision Medicine Platform, a cloud-based solution designed for efficient data management and analysis. This platform allows healthcare organizations to conduct supercomputing data analysis, even on standard laptops. With funding supporting over 90 experts, the platform utilizes machine learning and AI, significantly reducing data processing times. This collaboration aims to revolutionize healthcare data sharing and research collaboration, ultimately improving patient outcomes.