HITACHI LTD ADR - HTHIY STOCK NEWS

GlobalLogic, a Hitachi Group Company, has unveiled new technology accelerators that can reduce the time to market for custom Over-The-Top (OTT) applications by 30% to 50%. These accelerators facilitate development and testing across mainstream OTT platforms, enhancing reliability and monetization opportunities. Over the last decade, GlobalLogic has delivered over 200 complex applications, ensuring platforms meet consumer demand for high-quality viewing experiences. Notably, the OTT Channel Development Accelerator can launch a brand-ready app in just 2.5 months.

On November 9, 2021, Hitachi Vantara announced its expanded partnership with Rainforest Connection to enhance data-driven solutions aimed at protecting rainforests, particularly in Sumatra. At COP26, the companies discussed the significance of predictive analytics in combating illegal logging and preserving biodiversity. Utilizing AI and eco-acoustic data, they aim to empower local communities and save forests from illegal practices. This partnership underscores Hitachi's commitment to sustainability, as the global loss of tropical forests remains a critical concern.

Hitachi Vantara and Hort Innovation announced that Bartle Frere Bananas, an award-winning banana farm from Queensland, will represent Australia at the UN Climate Change Conference (COP26) in Glasgow. The case study highlights the farm's use of artificial intelligence and machine learning for sustainable horticulture practices. Bartle Frere Bananas has adopted advanced technologies for monitoring, data capture, and supply chain management, showcasing its commitment to environmentally friendly food production. This initiative, supported by various Australian organizations, aims to improve productivity while minimizing environmental impact.

Hitachi, Ltd. (TSE: 6501) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Industrial IoT Platforms for the second consecutive year. This recognition is based on the evaluation of its Lumada portfolio, which combines advanced analytics and data management to enhance operational efficiencies and deliver significant cost savings. The company aims to help clients leverage IoT solutions to improve asset utilization and performance management across various industries.

Hitachi Vantara has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Primary Storage for the third consecutive year, attributed to its Virtual Storage Platform (VSP) product portfolio. The VSP 5000 series excelled in several categories, ranking 1st in Online Transaction Processing and Application Consolidation, and 2nd in Server Virtualization. The company continues to focus on enhancing operational efficiencies and reducing costs for customers through its AI-powered Ops Center and EverFlex as a Service offering.

Hitachi and GlobalLogic have launched a collaborative hub to promote digital transformation (DX) services in Japan, leveraging the Lumada Innovation Hub Tokyo. This initiative aims to accelerate GlobalLogic's market entry and enhance design-led digital engineering services, beginning fiscal 2022. The partnership will first focus on transforming Hitachi's storage business into a cloud-based model. With over 22,000 and 35,000 professionals respectively, both companies plan to develop joint services and facilitate workshops to address market needs and customer challenges.

Hitachi Vantara has launched Cloud FinOps Services to optimize cloud cost management for organizations deploying hybrid and multicloud services. This service targets the common issues of rising costs due to ungoverned consumption and operational inefficiencies. According to IDC, many enterprises plan to enhance cloud cost management by 50% through 2022. Customers can achieve an average of 30% savings by leveraging Hitachi's expertise. The services address complexities in managing cloud environments and provide tools for real-time visibility, cost control, and resource optimization.

Hitachi Vantara has launched the Lumada DataOps Suite, aimed at enhancing data management and analytics for businesses. This modular software platform leverages AI to automate data operations, thereby reducing costs and improving efficiency. Designed to tackle data sprawl, the suite integrates data across diverse environments, facilitating easier access for analysts and business leaders. Notable features include improved collaboration tools and full Microsoft Azure support. The Lumada DataOps Suite is now available globally.

Hitachi Vantara has appointed Mark Ablett as President of its Digital Infrastructure Business Unit. This unit supports 80% of the Fortune 100 with advanced data solutions. Gajen Kandiah, CEO, emphasized the importance of high-performance digital infrastructure amidst projected datasphere growth. Ablett, who has been with the company since 2015 and held various leadership roles, expressed excitement about leading the team to enhance client data journeys. This promotion aims to drive growth in a recovering market.