Hitachi Launches IoT Business Unit, Lumada Platform

The creation of the Hitachi Insight Group and the IoT platform positions the conglomerate to better compete with the likes of GE in the emerging market.

Hitachi officials have said the massive multinational company, with its more than 950 subsidiaries, 333,000 employees and an R&D budget of $2.8 billion, already has a significant presence in the Internet of Things (IoT).The company for decades has been building systems and devices in a broad range of industries—from energy and transportation to utilities, financial institutions, government and cities—and has developed technologies that have allowed these systems to communicate and to collect and analyze the data generated by them.

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