Welcome to our dedicated page for Hitachi news (Ticker: HTHIY), a resource for investors and traders seeking the latest updates and insights on Hitachi stock.
The news feed for Hitachi, Ltd. (HTHIY) highlights how the company presents its role in technology, data, and social infrastructure through recent announcements and subsidiary updates. Hitachi describes itself as driving a Social Innovation Business that combines IT, OT and products to address environmental, wellbeing and economic challenges, and this theme appears across many of its news items.
Recent coverage includes multiple releases from Hitachi Vantara, the wholly owned subsidiary of Hitachi, Ltd. that focuses on data storage, infrastructure systems and hybrid cloud management. These stories describe developments around the Virtual Storage Platform One (VSP One), including its use in critical infrastructure such as wastewater treatment operations, and its availability as software-defined storage in public cloud marketplaces like Google Cloud Marketplace and Microsoft Azure Marketplace. The news explains how these offerings are intended to support hybrid cloud operations, data protection and cost control.
Other news items feature Pentaho, an independent business unit of Hitachi, Ltd. that provides a data intelligence and integration platform. These updates describe enhancements to Pentaho Data Catalog and recognition in industry guides, with a focus on data governance, quality, observability and AI readiness. Additional stories cover Hitachi Vantara’s EverFlex AI Data Hub as a Service, which is presented as a managed data lakehouse service for AI and analytics workloads.
Hitachi’s broader AI and data strategy also appears in news about its agreement to acquire synvert through its subsidiary GlobalLogic. That announcement explains how Hitachi aims to accelerate deployment of its HMAX solution suite for Agentic and Physical AI. Investors and observers can use this news page to follow how Hitachi, Ltd. and its subsidiaries describe their ongoing activities in data infrastructure, AI services, and digital transformation initiatives.
GlobalLogic, a Hitachi Group Company, has unveiled new technology accelerators that can reduce the time to market for custom Over-The-Top (OTT) applications by 30% to 50%. These accelerators facilitate development and testing across mainstream OTT platforms, enhancing reliability and monetization opportunities. Over the last decade, GlobalLogic has delivered over 200 complex applications, ensuring platforms meet consumer demand for high-quality viewing experiences. Notably, the OTT Channel Development Accelerator can launch a brand-ready app in just 2.5 months.
On November 9, 2021, Hitachi Vantara announced its expanded partnership with Rainforest Connection to enhance data-driven solutions aimed at protecting rainforests, particularly in Sumatra. At COP26, the companies discussed the significance of predictive analytics in combating illegal logging and preserving biodiversity. Utilizing AI and eco-acoustic data, they aim to empower local communities and save forests from illegal practices. This partnership underscores Hitachi's commitment to sustainability, as the global loss of tropical forests remains a critical concern.
Hitachi Vantara and Hort Innovation announced that Bartle Frere Bananas, an award-winning banana farm from Queensland, will represent Australia at the UN Climate Change Conference (COP26) in Glasgow. The case study highlights the farm's use of artificial intelligence and machine learning for sustainable horticulture practices. Bartle Frere Bananas has adopted advanced technologies for monitoring, data capture, and supply chain management, showcasing its commitment to environmentally friendly food production. This initiative, supported by various Australian organizations, aims to improve productivity while minimizing environmental impact.
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.