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SAN DIEGO, Sept. 27, 2018 (GLOBE NEWSWIRE) -- Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), and Arrow Electronics, Inc., a complete technology solutions lifecycle provider, today outlined the next phase of its successful 20-year affiliation. Together, the companies will expand their combined efforts beyond high-end storage to include the development and sales of new end-to-end market-ready solutions powered by proven infrastructure, analytics, internet of things (IoT) applications, vertical solutions, network and connectivity, gateways, sensors and edge technologies from Hitachi Vantara and Arrow, as well as other ecosystem partners.
According to Bain & Company, the total IoT opportunity – from embedded and consumer devices and network through data center, analytics and systems integration – will grow to $520 billion by 2021. Expected to be available by the end of 2018, the first market-ready solution, a public safety and transportation offering from Arrow, will target the greater than $158 billion estimated Smart City market opportunity* with the hardware, software, cloud application capabilities, and services that can become the foundation of a dynamic and scalable smart city.
Earlier this month, Hitachi Vantara announced that it joined Arrow as a technology adviser and partner in the Colorado Smart Cities Alliance (see recent press release). Hitachi Vantara and Arrow will help Colorado municipalities utilize data-driven insights derived from IoT, big data, advanced analytics and video intelligence technologies and solutions to fuel innovation, solve local challenges and improve smart city development.
“Over the last 20 years, Arrow has been instrumental to our growth and a key part of our success. Now, as the industry transforms and new trends and requirements emerge, we are excited to transform and expand our relationship to address new avenues and customer demands – from Smart Cities and Smart Spaces to Smart Transportation and Smart Manufacturing,” said Mike Walkey, senior vice president, Strategic Partners and Alliances at Hitachi Vantara.
“Today, we see a massive opportunity to offer innovative, sensor-to-edge and edge-to-core intelligent IoT platforms and solutions that can deliver value from data management and data governance to advanced insights,” said Howard Goldberg, senior vice president, Global Marketing and Business Development at Arrow. “Our work with Hitachi Vantara is a reflection of our strategic alignment and commitment to deliver the technologies and solutions that can accelerate transformation and help our customers across the globe realize the power of their data.”
About Hitachi NEXT 2018
NEXT 2018 is the premier event for the digital revolution. It’s for data-driven innovators who lead the transformation in their industry. They lead with clear insights drawn from their own data to make the right decisions for the best results. Data changes the way the world works, advancing business and even society itself. There can never be too much data and it can never come too quickly if organizations manage, govern, mobilize and analyze it effectively. At NEXT 2018, leaders see what’s next for their data in IT, operational technology and the internet of things, from Hitachi and our many partners. They bring back insights and strategies they can use right away to transform their businesses and build them for tomorrow. At NEXT 2018 we change the way the world works. NEXT 2018 is held September 25-27 at the Hilton San Diego Bayfront in San Diego, California. For more information and to register, please visit HitachiNEXT.com.
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. We combine technology, intellectual property and industry knowledge to deliver data-managing solutions that help enterprises improve their customers’ experiences, develop new revenue streams, and lower the costs of business. Only Hitachi Vantara elevates your innovation advantage by combining deep information technology (IT), operational technology (OT) and domain expertise. We work with organizations everywhere to drive data to meaningful outcomes. Visit us at www.HitachiVantara.com.
*IDC Worldwide Semiannual Smart Cities Spending Guide, July 2018
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About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society’s challenges, combining its operational technology, information technology, and products/systems. The company’s consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.
HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.
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