Hitachi Limited Stock Price, News & Analysis

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.

Hitachi Vantara announced significant enhancements to its Lumada software platform aimed at improving manufacturing and industrial operations. These advancements focus on real-time insights, fostering operational efficiency, and minimizing revenue disruptions. The updated portfolio allows for automation and faster decision-making, with new features integrated into Lumada Manufacturing Insights and partnerships such as with Microsoft Azure Marketplace. The enhancements are positioned to address the complexities of digital transformation in various industries.

Hitachi America and Hitachi Vantara announced the Hitachi Social Innovation Forum 2021 AMERICAS will be held virtually from May 25-27, 2021. This free event will highlight data-driven strategies addressing industrial, societal, and environmental challenges. Key speakers include leaders from various sectors, including Toshiaki Higashihara, CEO of Hitachi, Ltd., and Gajen Kandiah, CEO of Hitachi Vantara. The forum will feature masterclasses, keynote presentations, and discussions across three tracks: Business, Society, and Technology, emphasizing the importance of digital solutions in modern challenges.

Covanta Environmental Solutions and High-Performance Medical Solutions (HPMS) are collaborating to achieve a zero-waste to landfill initiative, which aligns with Hitachi Ltd.'s commitment to carbon neutrality by 2030. The program leverages the four R's of waste management: Reduce, Reuse, Recycle, and Recover. By implementing these practices, HPMS aims to prevent 25,000 pounds of waste from reaching landfills annually. Covanta's processes contribute significantly to reducing greenhouse gas emissions, suggesting a positive environmental impact. This partnership reflects Hitachi's dedication to social and environmental innovation.