HITACHI LTD ADR - HTHIY STOCK NEWS

Hitachi Vantara, along with Enterprise Strategy Group, has released a report highlighting significant challenges in the adoption of Generative AI (GenAI) by enterprises. Despite 97% of organizations prioritizing GenAI, only 44% have comprehensive policies in place. The survey, conducted among 800 IT and business leaders in the U.S., Canada, and Western Europe, found that infrastructure and data management are major barriers, with only 37% confident in their current systems and 61% indicating a lack of user expertise. Moreover, concerns over data privacy and quality are prevalent, with 81% and 77% respectively citing them as issues. The report also notes a discrepancy between C-level executives' optimism and the broader workforce's preparedness. Hitachi Vantara is addressing these issues with its new Hitachi iQ solution suite and Center for Excellence for GenAI, aimed at building robust AI infrastructures.

Hitachi Vantara has launched a new block storage appliance under its Virtual Storage Platform One hybrid-cloud data platform. This new offering includes three dedicated models designed for mid-sized enterprises, promising enhancements in simplicity, security, and sustainability. Key features include self-installation, anti-ransomware protection, and Dynamic Carbon Reduction technology. The platform also optimizes rack space and reduces power consumption and cooling costs. The introduction aims to address the growing data volumes driven by AI and connected technologies while meeting sustainability goals. The platform ensures always-available data copies, intrinsic security, and ease of management through Ops Center Clear Sight. Additionally, it supports seamless scalability from a single appliance to a 65-node cluster, catering to evolving storage needs.

Hitachi Vantara and Veeam Software have formed a global strategic alliance to offer advanced data protection and cyber resiliency solutions. Announced on May 15, 2024, the partnership integrates Hitachi Vantara's infrastructure solutions with Veeam’s data protection software, focusing on mitigating ransomware attacks and minimizing downtime.

The collaboration aims to improve businesses' recovery point objectives and ensure data integrity across hybrid cloud environments. The new solutions will offer enhanced flexibility and cost-efficiency with features like ransomware detection and immutable storage.

This partnership leverages Veeam's market leadership in data protection, aligning with Hitachi Vantara's defense-in-depth strategy to provide comprehensive, easily deployable solutions. The combined offering is expected to meet stringent regulatory requirements and support operational resilience.

Hitachi acquires MA micro automation of Germany for EUR 71.5M to boost robotic system integration business in medical and other fields. The transaction is expected to close in the second half of 2024, merging MA micro automation with JR Automation to strengthen global presence. Hitachi aims to enhance 'Total Seamless Solution' strategy, linking operational activities for Industry 4.0. The acquisition aligns with Hitachi's goal to provide value through OT, IT, and robotic SI.

Hitachi Vantara has released its first Sustainability Report, highlighting its dedication to sustainability, innovation in digital infrastructure, and responsible business practices.

JR Automation, a subsidiary of Hitachi, , has appointed Swapna Soman as Global Chief Human Resources Officer and Doug LaCroix as Vice President, Strategic Initiatives. Soman brings two decades of HR experience from companies like Cummins and Allegion, while LaCroix has 20 years of business strategy and project management experience. The new leadership team aims to drive strategic growth and innovation.

Hitachi Vantara announces the availability of Virtual Storage Platform One, a hybrid cloud platform that integrates structured and unstructured data, aiming to redefine data management efficiency and flexibility for enterprises facing challenges in managing data in today's technological landscape.

Hitachi Vantara completes strategic realignment integrating Hitachi's IT Platform Products Management Division to enhance data processing capabilities. The move aims to accelerate growth, focus on hybrid cloud, and generative AI.

Hitachi Digital Services, a subsidiary of Hitachi, , celebrates its inaugural launch event to meet global demand for enterprise transformation. The company aims to bridge digital technologies with physical infrastructure, offering edge-to-core solutions for various industries. Hitachi Digital Services emphasizes leveraging technology for positive societal impact and is part of Hitachi's commitment to AI and sustainability.