Company Supports Rapid Growth in Smart Spaces Through End-to-End Portfolio That Provides Customers the Tools To Make Data-Driven Decisions
SANTA CLARA, Calif. – May 14, 2019 – Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today introduced Lumada Video Insights, an end-to-end, intelligent and adaptable suite of applications that delivers operational safety and business intelligence using internet of things (IoT), video, artificial intelligence (AI) and analytics. Lumada Video Insights is an integral part of Hitachi Vantara’s DataOps strategy, which redefines data management for the AI era by seamlessly connecting data consumers with data creators to rapidly monetize customers’ data.
Lumada Video Insights brings together Hitachi’s video offerings for smart spaces with new technology updates, innovations and integrations into Hitachi’s Lumada portfolio. The solution complements and extends the Lumada platform and services ecosystem with expanded AI, computer vision, advanced analytics, data integration and orchestration capabilities to help enterprise and industrial customers accelerate their IoT initiatives and cultivate their own smart spaces and ecosystems.
With multiple customer success stories and increasing demand, Lumada Video Insights demonstrates significant momentum in the emerging smart spaces industry. And when put together with DataOps, it unlocks new opportunities for customers to maximize the value of the vast amounts of data collected as IoT disrupts numerous industries worldwide.
According to Gartner, Inc., “A smart space is a physical or digital environment in which humans and technology-enabled systems interact in increasingly open, connected, coordinated and intelligent ecosystems. Multiple elements — including people, processes, services and things — come together in a smart space to create a more immersive, interactive and automated experience for a target set of personas or industry scenarios.
This trend has been coalescing for some time around elements such as smart cities, digital workplaces, smart homes and connected factories. Gartner believes the market is entering a period of accelerated delivery of robust smart spaces, with technology becoming an integral part of our daily lives, whether as employees, customers, consumers, community members or citizens. AI-related trends, the expansion of IoT-connected edge devices, the development of digital twins of things and organizations, and the maturing of blockchain offer increasing opportunities to drive more connected, coordinated and intelligent solutions across target environments.”1
Lumada Video Insights Supports Rapid Smart Spaces Growth
With the capabilities to collect, store, manage and analyze video data, Lumada Video Insights delivers valuable analysis and alerts to help organizations be more effective, efficient and secure.
Advances in computer vision and machine learning have allowed video to be a rich source of insights that provide operational and customer experience intelligence, and real time-situational awareness and alerts to enable swift, effective and proactive responses to incidents, emergencies and customer issues. With Lumada Video Insights, customers can gather data insights to improve planning and identify opportunities for cost and waste reductions and factors to improve operational excellence.
Key features of Lumada Video Insights include:
Lumada Video Insights strengthens the Lumada portfolio of data-driven applications, which is further supported by Hitachi Vantara’s data integration, orchestration, storage and management offerings to provide end-to-end solutions and business value to customers around the world.
“Smart spaces innovation is a focus area for Hitachi Vantara as we continue to see a demand to use new and diverse sources of data blended with more traditional data to gain rich insights,” said Brad Surak, chief product and strategy officer at Hitachi Vantara. “With Lumada Video Insights and our focus on DataOps, we are excited to expand our work with public and private organizations to transform how retail, government and transportation use data-driven intelligence to innovate and achieve greater outcomes.”
Hitachi Smart Spaces Customer Success
Hitachi Vantara works hand-in-hand with customers to deliver purpose-built, outcome-driven solutions that generate actionable insights to improve safety, operations and business intelligence. Recent Smart Spaces customer successes include:
Lumada Video Insights solutions are available for customers today with global general availability for most of the portfolio, and limited availability for edge devices in some countries. More information is available at: https://www.hitachivantara.com/en-us/products/iot-operations-intelligence/lumada-video-insights.html
About Hitachi Vantara
Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., helps data-driven leaders find and use the value in their data to innovate intelligently and reach outcomes that matter for business and society – what we call a double bottom line. Only Hitachi Vantara combines over 100 years of experience in operational technology (OT) and more than 60 years in IT to unlock the power of data from your business, your people and your machines. We help enterprises store, enrich, activate and monetize their data to improve their customers’ experiences, develop new revenue streams and lower their business costs. Over 80% of the Fortune 100 trust Hitachi Vantara for data solutions. Visit us at www.HitachiVantara.com.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business combining its operational technology, information technology and products. The company’s consolidated revenues for fiscal 2018 (ended March 31, 2019) totaled 9,480.6 billion yen ($85.4 billion), and the company has approximately 296,000 employees worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors including Mobility, Smart Life, Industry, Energy and IT, to increase our customer’s social, environmental and economic value. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
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