Hitachi launches IIoT division
Electronic giant Hitachi has launched a new international division dedicated to delivering solutions for the burgeoning Industrial Internet of Things (IIoT) market.
Alongside this, Hitachi has also unveiled a new IIoT platform that integrates relevant tech from across their range to deliver a versatile enterprise-grade soultion structure.
The Hitachi Insight Group will have their base of operations in Santa Clara, CA, and will head Hitachi’s integrated IIoT business, the company explained.
“Although the division has only just been launched, it is taking over an area of Hitachi’s business that is already worth approximately $5.4 billion,” explains Charles King, Head of IIoT at Challenge Advisory. “This sector includes 33 products already in the market as well as joint ventures with other IT giants such as Intel and Microsoft.”
Hitachi explained that integrating their digital and IIoT solutions and services businesses will allow them to increase their market share in a burgeoning industry that some forecast will be worth $1.46 trillion by the year 2020.
“IoT represents a critical inflection point in which the interests of business, industry and society are intersecting and aligning like never before,” explained Kevin Eggleston, Hitachi Insight Group’s general manager for the Americas.
Hitachi Insight Group also launched Lumada, an IIoT platform intended to expand Hitachi’s business model into the wider IIoT industry.
The Japanese firm explained that there is a “technological and experience divide” between the lower-level IT-based infrastructure and the business solutions at the top end.
They intend Lumada to bridge this gap by encouraging customers to begin with a business objective as opposed to beginning with a distinct platform or technological innovation.
Hitachi intend Lumada to be tailor-made to the customer’s particular needs, which differs from traditional IIoT solutions in that it does not need companies to buy into a specific IIoT platform or cloud.
This can be achieved by the customer, by Hitachi itself or in cooperation with their industry partners.