Hitachi Insight Group, responsible for driving Hitachi’s global unified internet of things (IoT) business and go-to-market (GTM) strategy, has introduced three new Hitachi Video Management Platform (VMP) models designed to aggressively move the company into the video security and monitoring market—a more than $6 billion total available market (TAM) opportunity based on recent estimates from an independent research firm. The new Hitachi VMP configurations combine virtualized compute and storage and are delivered as fully integrated, turnkey appliances. These new models are optimized for enterprise video security and monitoring environments and support video analytics. Hitachi also announced that it is growing its partner ecosystem and expanding its strategic alliances with digital video management system (DVMS) industry leaders Milestone Systems and OnSSI to develop and deliver joint solutions that offer increased levels of enterprise security, workplace safety, and industrial and operational efficiencies.
The Group is dedicated to driving business and societal transformation through digitalization. Its digital solutions are powered by connected intelligence from the Internet of Things, delivering actionable insights that support better decision-making, exceptional outcomes and smarter, safer, healthier, more efficient societies and serves public and private sector customers across four market categories i.e. Smart City, Smart Energy, Smart Healthcare and Smart Industry. The group is based in Santa Clara, CA, USA, with operations worldwide.
IoT is propelling a rapid convergence of our physical and digital worlds, creating unprecedented opportunities and challenges for businesses, cities, governments and industries. Hitachi is a pioneer in the creation and application of sensors to provide connected intelligence and support early IoT use cases in industrial markets, such as predictive maintenance and optimized factory. The company’s rich 106-year industrial heritage and extensive proficiencies in operational technology (OT), combined with its more than 50 years experience in developing advanced information technologies (IT), make it uniquely capable of helping customers to extract actionable insights from IoT and fully capitalize on the benefits of digitalization.
Hitachi’s IoT portfolio includes solutions and services for public safety and smart cities, renewable and sustainable energy, intelligent transportation, precision agriculture and manufacturing, water treatment and urban development, construction, mining and more. These digital solutions deliver connected intelligence and drive actionable insights to support better business decision-making and tangible real world outcomes, like increased productivity and safety, streamlined business processes, lower cost of operations, reduced carbon footprint, and improved quality of life.
“The greatest opportunity for IoT lies in the enterprise, industrial and public sector markets, which stand to benefit significantly from digital transformation. Although the market is still nascent, digitalization is already disrupting traditional product-based business models, driving demand for solutions and an everything-as-a-service approach,” “said Vernon Turner, an enterprise systems and IoT research fellow at IDC. “Few companies possess the expertise and breadth of resources required to deliver IoT solutions and services, and drive real business value at scale. Hitachi is making good progress toward positioning itself to be one of the few likely IoT powerhouses as the market shakes out.”
To enhance its existing portfolio and support the development of new solutions and services, the company has created Lumada, Hitachi’s IoT core platform. Lumada’s open, adaptable software architecture is designed to accelerate the development of IoT solutions, while providing flexible support for customization and co-creation with Hitachi’s customers and partners.
Lumada provides a comprehensive framework of key IoT solution building blocks, including edge device and connectivity integration, application integration, data integration and orchestration, data repositories, stream and batch data processing, advanced analytics, artificial intelligence, simulation tools, repeatable solution blueprints, and enterprise services.
“Through the formation of Hitachi Insight Group and the Lumada IoT core platform we will provide Hitachi’s customers and partners with the fastest and simplest path to develop and deploy comprehensive digital solutions at scale,” Keiji Kojima, senior vice president and executive officer at Hitachi Ltd. commented. “It is a profound honor to lead this elite group in accelerating Hitachi’s global IoT business through the creation of digital solutions and services.”