Hitachi launches new IoT unit and platform

Staff writer
20 May 2016

Hitachi has formed the Hitachi Insight Group to address the Internet of Things and announced the leadership team for the new company.

Hitachi Insight Group will address four key market segments: smart city, smart energy, smart healthcare and smart industry.

With the initiative Hitachi aims to capture market share in what IDC predicts will be a $1.46 trillion market opportunity by 2020.

The group is led by Keiji Kojima, who is also senior vice president and executive officer at Hitachi Ltd. Other members of the leadership team include Kevin Eggleston, general manager for the Americas, and Patrik Sjostedt, general manager for EMEA.

The group will receive strategic direction and support from Ichiro Iino, chief executive for Asia-Pacific, Kenichi Kokubo, chief executive for China and other regional leaders.

Hitachi said it plans to establish regional operations for Hitachi Insight Group in APAC later this year.

To enhance its existing IoT portfolio and support the development of new offerings, the company has developed a new IoT core platform it calls Lumada. The platform uses open, adaptive software architecture to help accelerate the development of IoT products and services.

“IoT represents a critical inflection point, in which the interests of business, industry and society are now intersecting and aligning like never before,” Eggleston said.

“The formation of Hitachi Insight Group will now enable us to take Hitachi’s vision for social innovation to the next level, as we move our IoT business into the next critical phase of its evolution.”

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