Story image

Hitachi commits $1.25 billion to Aussie social innovation division

05 Dec 16

Hitachi is showing commitment to its Australian Social Innovation business by investing AU$1.25 billion over the next three years. It also expects to triple its revenue to reach $3.75 billion by 2020, with the ultimate goal of improving Australians' quality of life.

Toshiaki Higashihara, Hitachi's President and CEO delivered a speech at the company's Social Innovation Forum 2016 Sydney event. He detailed how the company will use social innovation and digital technologies to help address quality of life.

The forecast $3.75 billion revenue boom will be largely due to its security, healthcare, agriculture, mining and railway business. The company says that urbanisation, dated infrastructure and a demand for smart technologies is boosting the drive toward Internet of Things and Industrie 4.0. In addition, the government's cyber security strategy and increased security measures have prompted Hitachi to to invest in change.

Earlier this year, the company launched a new R&D facility in Sydney, which will help the company work with Australian partners to leverage its expertise.

According to Hitachi, its ultimate goal is to become an innovation partner as the IoT era develops. This year the company launched its 'Lumada' IoT platform, which supports collaborative creation including idea generation, analysis, visualisation, design, testing, simulation and service provision.

The company will partner with Australian organisations to help 'accelerate collaborative creation'. It will promote proof of concept and other solutions to the mining and agriculture businesses. This, according to Hitachi, will help differentiate its market position.

The company will be working to develop IT for healthcare organisations, while its security business consists of video monitoring, finger vein authentication and cybersecurity.

Dimension Data nabs three Cisco partner awards
Cisco announced the awards, including APJ Partner of the Year, at a global awards reception during its annual partner conference.
WatchGuard’s eight (terrifying) 2019 security predictions
The next evolution of ransomware, escalating nation-state attacks, biometric hacking, Wi-Fi protocol security, and Die Hard fiction becomes reality.
Why the adoption of SAP is growing among SMEs
Small and medium scale enterprises are emerging as lucrative end users for SAP.
Exclusive: How the separation of Amazon and AWS could affect the cloud market
"Amazon Web Services is one of the rare companies that can be a market leader but remain ruthlessly innovative and agile."
HPE extends cloud-based AI tool InfoSight to servers
HPE asserts it is a big deal as the system can drive down operating costs, plug disruptive performance gaps, and free up time to allow IT staff to innovate.
Digital Realty opens new AU data centre – and announces another one
On the day that Digital Realty cut the ribbon for its new Sydney data centre, it revealed that it will soon begin developing another one.
A roadmap to AI project success
Five keys preparation tasks, and eight implementation elements to keep in mind when developing and implementing an AI service.
The future of privacy: What comes after VPNs?
"75% of VPN users said they are seeking a better solution for cloud networks."