On the last 19th of October 2017, Hitachi Ltd. has hosted the Hitachi Social Innovation Forum 2017 in Milan, with the aim of developing and strengthening partnerships with current and future customers as part of measures devised with the objective of expanding the Social Innovation Business adopting digital technologies in Italy. Hitachi is committed to grow its business volumes from the current level of 1.2 billion Euro to 1.5 billion Euro within the financial year 2020, offering solutions in response of the issues Italy is currently facing while increasing energy efficiency and productivity and improving the effectiveness of public transportation.
Extensive infrastructure investments and technology innovations aimed at achieving sustainable growth are one of the main heading on the Italian economic and political agenda. There has been a particularly strong demand to improve productivity using IoT, and to increase the efficiency of social infrastructures such as water and energy. In addition to improving both the quality and efficiency of medical services as part of measures designed to resolve increasing medical costs, the country has been facing a number of other issues, including the need to put in place highly efficient public transportation to alleviate traffic jams arising as a result of urbanization, and to reduce the environmental burden from CO2 emission volumes.
Hitachi’s Social Innovation Forum 2017 in Milan has demonstrated to customers and partners the concrete activities that it has undertaken to resolve the social issues that Italy is facing, as well as solving the customers’ management issues. By promoting Collaborative Creation with customers and local partners to provide digital solutions incorporating the IoT platform «Lumada,» along with the knowledge and experience that it has accumulated up to now, Hitachi will contribute to the further development of Italian society and to improving the quality of life for its citizens.
Toshiaki Higashihara, Hitachiâ€™s President and CEO, has commented:
«Hitachi is striving to become an innovation partner in the IoT era, through the global rollout of Lumada, using our expertise in Operational Technology and IT. We believe that it is possible to create and provide digital solutions that will resolve the issues faced by customers and by Italian society. By providing solutions that combine Hitachi’s digital technologies, including IoT, robotics, and artificial intelligence, with products and systems in the railway, healthcare, and industrial device fields, through Collaborative Creation with customers and local partners in Italy, we will contribute to the further development and digitalization of Italian society.»
In the future, Hitachi will use Lumada along with the business platforms, experience and expertise that it has cultivated up to now to create added value from device and system data and develop digital solutions with a focus on the railway systems, energy, water, and healthcare business fields.