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Hitachi to Accelerate Global IoT Business

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Hitachi announced the formation of Hitachi Insight Group,  the new group will drive Hitachi’s unified Internet of Things (IoT) business and go-to-market (GTM) strategy worldwide. With USD$5.4 billion in IoT solutions and services revenue generated in 2015 and 33 solutions in-market today, Hitachi offers one of the broadest IoT solutions portfolios in the industry. By uniting its digital and IoT solutions and services businesses, Hitachi is positioning itself to lead in this fast-growing market. The newly formed Hitachi Insight Group will be the ‘tip of the spear’ in Hitachi’s quest to capture market share in what IDC projects to be a $1.46 trillion market opportunity by 2020.

“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, senior vice president, 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. With today’s announcements, Hitachi is making good progress toward positioning itself to be one of the few likely IoT powerhouses as the market shakes out.” Read more

Sweekar S

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