HITACHI LTD ADR - HTHIY STOCK NEWS

Hitachi Vantara has appointed Amee Desjourdy as Chief Human Resources Officer, effective immediately. This strategic move comes amid the growing importance of human resources in driving company success. CEO Gajen Kandiah expressed confidence in Desjourdy's ability to lead HR efforts, particularly during periods of rapid growth. Desjourdy previously served as Chief People Officer at Brightcove, where she successfully implemented a data-driven HR strategy and enhanced employee engagement. Her experience also includes leadership roles focused on culture, employee retention, and CSR initiatives.

Hitachi Vantara's report with Enterprise Strategy Group reveals that 79% of surveyed organizations experienced ransomware attacks in the past year. Alarmingly, 56% of these victims paid a ransom, with only 14% successfully recovering all data. Financial and operational impacts were reported by 73% of respondents, indicating that ransomware poses significant risks. The leading attack vector was application software vulnerabilities, affecting 36% of incidents. The report emphasizes the necessity for comprehensive ransomware preparedness strategies, integrating IT, security, and data protection practices.

Hitachi Vantara has been selected by BMW Group as a strategic partner for enterprise cloud storage and data management for the next six years. The collaboration involves the EverFlex Storage as a Service solutions, aimed at automating and simplifying BMW's IT infrastructure. This partnership is expected to enhance BMW's hybrid cloud journey, reduce CO2 emissions, and improve energy efficiency. Hitachi's VSP 5600 storage arrays will support BMW in 10 key countries, ensuring 100% data availability and low latency for mission-critical workloads.

Hitachi Vantara Federal has appointed Ryan Hinkle as the new Director of Federal Sales. Hinkle aims to enhance sales and market visibility in the federal sector, focusing on technology modernization initiatives for government agencies. With over a decade of relevant experience, he will be pivotal in identifying growth opportunities and fostering relationships within the public sector. Hinkle's previous roles at Dell and TEKsystems equip him for this challenge, as he seeks to propel agency missions forward through innovative data solutions.

Hitachi has restructured its IT sector into Hitachi Digital and GlobalLogic Japan as part of its efforts to boost the digital platform Lumada globally. Starting April 1, 2022, Hitachi Digital will serve as the global headquarters for digital business based in North America, while GlobalLogic Japan aims to enhance digital transformation for Japanese clients. This move is in response to the expected growth in the digital transformation market, projected to reach $2.8 trillion by 2025, reflecting a significant opportunity for both entities.

Hitachi Vantara announced new enhancements to its Lumada DataOps capabilities on March 16, 2022. The updates focus on automated, AI-driven operations to optimize data management for enterprises and industrial applications. Key features include a new Data Catalog and updates to Data Integration, enabling easier data access and preparation across multiple sources. The Lumada Industrial DataOps portfolio supports real-time insights by merging IT and OT data, facilitating predictive maintenance and operational optimization.

Hitachi Vantara has introduced Application Reliability Services, aimed at improving cloud application reliability by over 25% compared to traditional methods. This new service portfolio helps clients to migrate, modernize, and manage their cloud workloads, ensuring enhanced performance and reduced costs. The services will be delivered through Application Reliability Centers located in Dallas, Texas and Hyderabad, India. The initiative addresses key cloud management challenges, including operational complexity and downtime, by leveraging Site Reliability Engineering (SRE) principles.

Hitachi Vantara, a subsidiary of Hitachi Ltd, has unveiled new hybrid cloud products aimed at enhancing agility and scalability in cloud operations. Key offerings include the Virtual Storage Software Block, the VSP E1090 mid-range storage array, and the Hitachi Ops Center Clear Sight for AI-driven management. These solutions help organizations automate operations and extend data services from on-premises to hybrid cloud environments, addressing modern application demands with improved performance and data protection. All products are available globally.

Hitachi, Ltd. has been awarded an overall positive rating in the 2021 Gartner Vendor Rating report, reflecting the company's success in its IT business and social innovation through digital technologies. The report highlights Hitachi's significant acquisition of GlobalLogic, enhancing its Lumada digital portfolio. Hitachi also committed to achieving carbon neutrality by 2050, aiming to contribute to a Net Zero Society.