I have a Buy investment rating assigned to Hitachi, Ltd.'s (OTCPK:HTHIY) [6501:JP] shares.
I shared my thoughts about Hitachi's automotive systems and digital services businesses with my prior September 22, 2022 article.
My view of Hitachi turns positive, following an analysis of the company's research & development (R&D) and intellectual property or IP strategies, and its recent capital allocation moves. This leads me to raise my rating for Hitachi from a Hold to a Buy.
Note that Hitachi's Over-the-Counter or OTC shares have reasonably good liquidity, but investors can also trade in the company's Tokyo-listed shares which are even more liquid. Based on data drawn from S&P Capital IQ, the three-month average daily trading values for Hitachi's shares listed on the OTC market and the Tokyo Stock Exchange were around $5 million and $140 million, respectively. Stock brokerages such as Interactive Brokers allow their clients to trade in foreign shares, including those listed in Japan.
Hitachi offered updates on the company's IP and R&D strategies in briefings held this Monday on December 5, 2022.
With respect to the company's IP strategy, it is relevant to highlight that Hitachi has recently established a new business division devoted to managing the company's intellectual property, which is led by Chief Intellectual Property Officer, Stephen Manetta.
According to his LinkedIn profile, Stephen Manetta has only stepped into his new role at Hitachi in May of this year. Manetta has law and engineering degrees. Also he has had relevant experience in the intellectual property field working at GE (GE) Oil & Gas, law firm Chadbourne & Parke LLP, and Schneider Electric (OTCPK:SBGSF) (OTCPK:SBGSY) in the past. Both GE and Schneider Electric are industrial conglomerates similar to Hitachi, so Manetta's prior working experience in these two firms might help to ease his transition to the new role with Hitachi.
There are two specific areas of Manetta's IP strategy briefing that warrant attention. Firstly, Manetta wants Hitachi's IP strategy to enable "company driven investments in consideration of value." Secondly, Manetta aims to make sure that intellectual property is regarded as a "business asset" at Hitachi with an eye on opportunities to push ahead with the "commercialization of innovation."
In my view, it is possible that the new Chief Intellectual Property Officer, Stephen Manetta is in a position to implement positive changes to the company's IP strategy. As per his December 5, 2022 presentation, Hitachi should be more conscious of the risk-reward and value creation potential associated with new investments, and the company must unlock the value of hidden assets like the untapped potential of some of its existing IPs.
Separately, takeaways from Hitachi's R&D strategy presentation on the same day are also equally positive.
Hitachi emphasized at the company's recent R&D strategy presentation that it will continue to work closely with its clients in relation to future R&D investments and efforts, a process which it refers to as "customer co-creation". Also, the focus of Hitachi's R&D is on emerging trends such as digitalization and decarbonization, as evidenced by the company's mention of DX or digital transformation and GC or green transformation in its December 5, 2022 R&D presentation.
The results speak for themselves. Hitachi has allocated roughly 7.2% of its top line to R&D investments in the prior fiscal year (YE March 31) and has guided that its current fiscal year R&D-to-sales metric will be similar to that of the previous year. Also, Hitachi disclosed that it has generated twice as much as earnings as the amount of money it spent on R&D costs in the last three years, which it deems to be indicative of good "R&D" efficiency.
In a nutshell, I am impressed by Hitachi's R&D and IP strategies following a review of the company's recent investor briefings this week.
Hitachi has engaged in a couple of new capital allocation initiatives, which I view as value-accretive.
On November 2, 2022, Hitachi revealed that the company has spent close to JPY182 billion buying back 27.4 million of its shares between May and October this year. The company's current share buyback program allows for Hitachi to repurchase as much as 50 million of its shares till end-March 2023, so Hitachi has room for additional share buybacks in the next four months.
Japanese companies in general are perceived to have a preference for hoarding cash and being less hurry on shareholder capital return. As such, Hitachi's active share repurchases send a positive message to investors about the company's shareholder friendliness.
Hitachi also announced previously on November 21, 2022 that its digital services subsidiary GlobalLogic "signed a definitive agreement to acquire Fortech, a leading software engineering services company based in Romania."
In my prior late-September 2022 article, I referred to GlobalLogic as a "new growth engine" for Hitachi, which "is well-positioned to meet growing demand for digital transformation services." From a capital allocation perspective, I have hoped that Hitachi will allocate more excess capital to support the future growth of GlobalLogic. As such, I am pleased that GlobalLogic has executed on a new acquisition recently as part of its inorganic growth strategy.
In summary, I am satisfied with Hitachi's capital allocation decisions in the past month or two.
I have become more optimistic about Hitachi's future prospects. A review of the company's IP and R&D strategies and capital allocation approach leaves me more confident in Hitachi's outlook. This explains my Buy rating for Hitachi.
The company that Hitachi built out of the Hitachi Insight Group and its 2018 acquisition of Pentaho is known as Hitachi Vantara.
Wile that corporate nametag might trip off the tongue about as easily as an Englishman attempting to pronounce a Welsh railway station, the genuine infrastructure and data management technologies emanating from the organisation remain interesting enough for analysis.
The company has this month expanded its Hitachi Application Reliability Centers (HARC) portfolio of consulting and managed services with new cloud security services.
Aligned for DevSecOps teams, this technology is designed to strengthen data protection to secure cloud application workloads across any platform or cloud environment including AWS, Microsoft Azure and Google Cloud.
As more companies rush to the cloud, many are scrambling to manage the growing operational complexities of their hybrid and multicloud environments, as well as the resulting expanded attack surfaces.
The branded HARC Cloud Security Services product hopes to reduce complexity by giving IT teams multilevel security to protect data across five different layers of business:
“The growth in the adoption of multi-cloud solutions has increased the need for efficient convergence and integration of cloud services, data security and infrastructure networking across IT ecosystems. Thus, the industry is witnessing growing implementation of the integrated approach where security and networking applications are no longer composed of discrete devices,” according to a recent report from Grand View Research.
The report continues, “Concerns and challenges associated with cloud migration include hardships in regulatory compliance, loss of control over IT services, insider threats or compromised accounts and business disruption, among others. Nevertheless, adopting the latest and innovative risk mitigation and data encryption solutions in line with the continued advances in risk mitigation and encryption technologies can potentially help in annulling all these concerns gradually over the forecast period.”
HARC Cloud Security Services draw on industry best practices, including the concept of the zero-trust architecture and automation, to help increase visibility, mitigate threats and enforce compliance.
The new application security services also can be customised to ensure the appropriate controls are embedded in all aspects of a customer’s cloud operations. Such integration reflects Hitachi Vantara’s core belief in design for security.
“Many organisations approach modernisation in a siloed way, but as more data is spread across multiple environments, a failure to securely link processes across environments presents real risks,” said Premkumar Balasubramanian, senior vice president and CTO, Digital Solutions at Hitachi Vantara.
Balasubramanian insists that Hitachi Vantara’s strategy centres around a data-driven approach which looks at infrastructure, applications and data together to create a single, unified view.
Geographically dispersed physical and virtual centres of excellence, HARC features a portfolio of managed services designed to optimise cloud workloads for reliability, security and cost.
Incorporating a Site Reliability Engineering (SRE)-focused strategy with application modernisation and automation services, the company says that each site brings together frameworks, design patterns, automated tools and people to deliver SRE as-a-service and 24/7/365 cloud management.
Strong business partnerships can lay the foundation for unstoppable future growth.
The technology industry especially benefits from solid partnerships, as entire ecosystems can collaborate to provide solutions in a quickly evolving landscape. Hitachi Vantara LLC aims to stand out among its competitors by maintaining a high level of focus on developing knowledge, custom solutions and shared goals with throughout its partner ecosystem.
During today’s special broadcast, “Hitachi Vantara Drives Customer Success With Partners,” Hitachi Vantara executives joined theCUBE, SiliconANGLE Media’s livestreaming studio, to explore the opportunities and challenges midsize enterprises are tackling and the cutting-edge solutions needed to succeed with increasingly complex cloud infrastructures. (* Disclosure below.)
During the livestream, theCUBE industry analysts Dave Vellante and Lisa Martin spoke with Hitachi Vantara’s Kimberly King (pictured), senior vice president of strategic partners; Russel Skingsley, chief technology officer and global VP of technical sales; and Tom Christensen, global technology advisor and executive analyst.
Many large and midsized enterprises are embracing the flexibility and scalability of the cloud. However, cloud infrastructure is increasingly becoming more complex, posing challenges of cost and manageability. Companies are not only looking to partners to provide advice regarding where to go, how to migrate and which paths are right for them, but they are also faced with a mind-numbing amount of different solution options to choose from. How does a growing organization know what is the right fit for them?
Hitachi Vantara has worked to build a partner ecosystem where customers can receive much-needed help with some of these pain points within the cloud infrastructure. With help from Hitachi Vantara, partners dive deep into their customer’s workloads, critical applications, architecture and infrastructural needs to develop solutions that fit their needs and budget. Unlike many competitors, Hitachi Vantara considers their partners as vital extensions of their own organizations by providing them with quality engagement, according to King.
One way that Hitachi Vantara helps partners grow and expand their businesses is by providing a simplified, digital selling platform. The goal is to enable partners to readily find solutions that match their budget and receive pre approved quotes and learn more about systems so they can find which one best matches their needs. By helping their partners and their customers build the right infrastructure, Hitachi Vantara hopes to help both sides increase their cash flow and grow alongside each other.
“We provide them online what we call Hitachi Online Labs, which allows them to really leverage all the solutions and demo systems out there,” King said. “Because they have so many other solutions out there, we have to be one step ahead of everybody else to provide them that solution capability and the expertise that they need for their customers.”
One key element is Hitachi Vantara’s ability to establish its partners as trusted advisors to their customers.
“We have a solution that is simple, easy and really scaled for the type of customer that we have out there,” King stated. “This allows them to basically right-size their infrastructure based on the application, the workload, the quality or the need that application might have and ensure that we provide them with the best solution.”
Advising customers and helping them understand what is truly right for them is the key to their expanding partner ecosystem. Whether it is helping partners build their own infrastructures, assisting them in leveraging the infrastructure of a hyperscaler or other GSI — or, in many cases, helping customers repatriate their infrastructure because of increased complexity and costs — the company is able to help customers make the right choices.
What does the future hold for the partnerships at Hitachi Vantara?
“We have tons of priorities. I think, really, it’s double-digit growth for them and for us,” King said. “My biggest priority is always to increase the number of partner success stories that we have and increase the value to our partners … we want to be number one across the board.”
Here’s theCUBE’s complete video interview with Kimberly King:
One of the defining elements of our times is the increasing reliance on data and algorithms. By the year 2025, it is forecasted that the amount of data collected will rise to more than twice the amount held in 2020. Enterprises are struggling to capture, store, analyze and effectively use data to scale their business.
Businesses must employ the proper infrastructure in order to handle large amounts of data. For businesses such as the California-based Meta Platforms Inc., otherwise known as Facebook, it’s been the entire cornerstone of its profit structure. And things can get especially difficult when one considers the storage difficulties of handling large amounts of data. This is one of the many reasons the cloud is so popular. With the advent of the hybrid cloud, enterprises can now enjoy the ability to self-manage some of their IT while also enjoying the services of multiple third-party vendors.
Partnerships are key to optimizing use of the hybrid cloud, according to Skingsley. Enterprises are rarely able to purchase all their IT needs from one vendor and receive solutions that are custom fit for them. Even organizations using the public cloud, like those who work with Amazon Web Services Inc., rely on its Marketplace to introduce their customers to partner solutions.
“There basically is no hybrid at all without a partner ecosystem,” Skingsley stated. “We’ve been in the IT business for over 60 years, one of the few that can claim that sort of heritage. Partners are absolutely essential. We have a partners-first philosophy when it comes to our routes to market.”
It’s this approach that Skingsley credits for Hitachi Vantara’s reputation for providing the biggest and most reliable storage infrastructure.
“We make no apologies for the fact that we tout our speeds and feeds and ultimate supremacy!” Skinglsey said. “We’ve got solutions that are not just about storing the bits. We do think that we do that very well, but we also have solutions that move into the areas of enrichment of the data, cataloging of the data, classification of the data and, most importantly, analytics. Some of our competitors just stop at storing stuff and some of our competitors are in the analytics space, but we feel that we can bridge that and … that’s a competitive advantage for us.”
Here’s theCUBE’s complete video interview with Russell Skingsley:
More than 80% of the Fortune 100 trust Hitachi Vantara to help them develop new revenue streams, unlock competitive advantages, lower costs and enhance customer experiences. Enterprises are also increasingly asking their vendors to deliver socially responsible practices and environmental value. Sustainability by design and circular economics in particular have been part of Hitachi Vantara’s operational focus for years.
The company’s long-term vision for sustainability started in earnest in 2013, long before the mega trend toward sustainable solutions began.
“We built a factory with concrete walls that were extremely thick to make it cold in the summertime and hot in the wintertime with minimum energy consumption. But we also put 17,000 square meters of solar panels on the roof to power that factory,” Christensen said.
The company was also collecting rainwater, removing LED light bulbs, and standardizing customer packaging to better utilize shipping materials.
“We want to reduce the waste as much as possible,” Christensen added.
While Hitachi Vantara was one of the first to focus on sustainability before increased laws and regulations came about, it also remains committed to a long-term vision of sustainability, according to the executives. The crux of this focus on green energy and sustainability centers on circular economics in which old equipment is designed to be able to be refurbished and recycled for new, high-quality products.
This concept of circular economics has helped Hitachi Vantara lower the amount of waste that ends up in landfills by up to 1-2%. While this obviously has a positive effect on the environment, it also helps the vendor cut labor, material and energy costs. It’s what Christensen calls sustainability by design, focusing on how to build and reinforce a culture of sustainability that minimizes the company’s carbon footprint by design rather than as an afterthought.
Here’s theCUBE’s complete video interview with Tom Christensen:
And make sure to watch the complete “Hitachi Vantara Drives Customer Success With Partners” event video below:
(* Disclosure: TheCUBE is a paid media partner for the “Hitachi Vantara Drives Customer Success With Partners” event. Neither Hitachi Vantara LLC, the sponsor for theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
TOKYO -- Hitachi plans to hire 30,000 people skilled in the field of digital transformation over the next three years, a sharp contrast from U.S. information technology giants such as Twitter and Meta that are cutting their workforce.
The Japanese industrial group regards promoting digital solutions as the "No. 1 priority," President and CEO Keiji Kojima said, stressing the importance of investing in skilled staff for digital transformation.
Hitachi Energy just launched wireless Spark Prevention Unit indicators that help prevent wildfires by enabling remote monitoring.
According to the US Department of Energy, approximately 10% of wildfire ignitions are sparked by faults on electrical infrastructure or electric equipment failure. Hitachi Energy’s new Wireless SPU Indicators allow utilities to monitor the grid remotely, in real time, with automated visual inspection rounds.
The SPU monitors the current and thermal load of surge arresters – which protect equipment from surges in the power system – installed in wildfire risk areas.
If there’s a thermal overload in the grid, the SPU interrupts the current flow and disconnects the surge arrester, thus preventing any arcing – which is when a circuit becomes overloaded and overheats – sparking, or ejection of hot particles that could potentially start a wildfire.
A visual indicator on the SPU lets the utility field crew know that it needs to be replaced. Hundreds of thousands of SPUs installed in some of the world’s most wildfire-prone areas, such as in the United States and Australia, have had a real impact in preventing wildfires. Being able to monitor them remotely is only going to Strengthen wildfire prevention.
Read more: How the US can achieve resilient power grids and support EV deployment
Photo: Pok Rie on Pexels.com
UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.
FTC: We use income earning auto affiliate links. More.
By Joshua Kirby
A sale of Thales SA's transportation-systems business to Japan's Hitachi Ltd. is likely to be delayed by months until the second half of next year amid antitrust concerns in the U.K, the French aerospace-and-defense group said Friday.
U.K. regulator the Competition & Markets Authority said the tie-up would remove a credible competitor for signaling business in the country, lessening competition and driving up fares for passengers. The CMA said it will open a phase 2 probe into the deal unless its concerns are addressed by Hitachi Rail, a subsidiary of the Tokyo-based conglomerate.
As a result, the sale of the ground-transportation solutions business--valued by Hitachi's bid, launched last summer, at 1.66 billion euros ($1.75 billion)--is likely to close in the second half of 2023, rather than early in the year, as previously estimated, Thales said.
"Thales and Hitachi Rail strongly believe in the competitive benefits of the transaction, which will deliver value for customers in the rail-signaling and mobility sectors in the U.K., Europe and globally," Thales said.
"The two companies remain committed to working with all regulatory bodies to ensure the successful close of the transaction as soon as possible," the company added, noting that merger clearance has been achieved in nine out of 13 required jurisdictions. Hitachi Rail is currently in talks with the European Union's antitrust body on approval of the tie-up, Thales said.
Shares in Thales traded 2% lower at EUR120.30 following the news.
Write to Joshua Kirby at firstname.lastname@example.org; @joshualeokirby
In application modernization, how does one scale expertise without compromising the quality of products?
IT services provider Hitachi Vantara LLC has an established portfolio of specialized solutions to guide digital transformations across data storage, cloud infrastructure and analytics. And to maintain a quality-over-quantity approach while keeping costs in check, the company looks to a knowledgeable partner ecosystem as an extension of its own sales efforts.
How will this strategy evolve as new partner types emerge across verticals, and how can Hitachi Vantara leverage this ecosystem to signal the technologies that will make the leap from what’s now to what’s next?
“We actually have a utility company in North Carolina whose customers are able to save on their electricity and water bills,” said Radhika Krishnan, chief product officer of Hitachi, in a recent interview with theCUBE, SiliconANGLE Media’s livestreaming studio. “This particular company had to contend with millions of sensors that were constantly streaming data back. That’s where a partnership with [NoSQL database provider] MongoDB really paid off … we were able to leverage Hitachi Pentaho to integrate all of the data and have the data reside on MongoDB.”
During the Dec. 6 “Hitachi Vantara Drives Customer Success With Partners” event, theCUBE analysts will talk with Hitachi Vantara executives about the company’s plans for hyperconverged infrastructures, including its expanding channel strategy and notable product/solution partnerships. (* Disclosure below.)
Under parent company Hitachi Ltd., Hitachi Vantara claims nearly 80% of the Fortune 500 as clients, looking to help organizations unlock new competitive advantages, Strengthen customer experiences and identify novel revenue streams. The company is part of the Hitachi group, an $80B conglomerate with over 60 years of IT experience.
While especially known for its rock-solid block and file storage solutions like VSP, Hitachi Vantara also is a major player for cloud infrastructure and services, converged and hyperconverged solutions, data management and analytics – and content and distributed file solutions.
Recently, the company announced that its Hitachi Content Platform object storage solution is expected to grow at a projected rate of 40% in Q2 2022 compared to the same period in 2021, outstripping the market compound annual growth rate of around 13.6%. This market growth is due mostly to organizations seeking data-driven solutions, according to the company.
“Hitachi’s portfolio has evolved over the years, and the latest Hitachi VSP E Series is very attractive for midmarket customers and departments within large enterprises,” said Pierre Munro, product account executive at Eclipsys Solutions Inc., speaking on Hitachi’s popular flash hybrid storage solution.
“The strength of the Hitachi portfolio is underpinned by its go-to-market approach,” Munro furthered. “Hitachi Vantara is really partner-focused, and they’ve demonstrated more than once that they will go the extra mile to bring value to the customer and support us through the sales cycle.”
Partnerships are the heart of any solutions-based expansion plan, but a balanced approach is critical to the success of the overall ecosystem. To this end, Hitachi Vantara is focused on tight integrations in order to simplify its own points of interaction across products in a world of increasing cloud complexities.
“The Hitachi culture is unique, the depth and breadth of knowledge and experience the Hitachi engineering team has is something you don’t always see,” said Sachin Soni, co-founder and chief technology officer of Centum Technologies. “That experience makes a big difference when I need to find solutions for my customers.”
One such alliance is with VMware Inc., spanning three major areas: hyperconverged infrastructure solutions, hybrid cloud and digital workspaces. The Hitachi Unified Compute Platform HC, for instance, combines storage, compute and virtualization into one appliance and is powered by VMware vSAN.
Don’t miss theCUBE’s coverage of the “Hitachi Vantara Drives Customer Success With Partners” event on Dec. 6. Plus, you can watch theCUBE’s event coverage on-demand after the live event.
We offer you various ways to watch theCUBE’s coverage of the “Hitachi Vantara Drives Customer Success With Partners” event, including theCUBE’s dedicated website and YouTube channel. You can also get all the coverage from this year’s events on SiliconANGLE.
SiliconANGLE also has podcasts available of archived interview sessions, available on iTunes, Stitcher and Spotify, which you can enjoy while on the go.
SiliconANGLE also has analyst deep dives in our Breaking Analysis podcast, available on iTunes, Stitcher and Spotify.
During the “Hitachi Vantara Drives Customer Success With Partners” event, theCUBE analysts will talk with Hitachi Vantara’s Kimberly King, senior vice president of strategic partners and alliances; Russell Skingsley, chief technology officer and global VP of technical sales; and Tom Christensen, global technology advisor and executive analyst.
(* Disclosure: TheCUBE is a paid media partner for the “Hitachi Vantara Drives Customer Success With Partners” event. Neither Hitachi Vantara LLC, the sponsor for theCUBE’s event coverage, nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)
Britain's competition watchdog is concerned Japan's Hitachi acquisition of France's Thales railway signalling business may result in higher fares for passengers, it said on Friday.
As a result, Thales expects the sale to close in the second half of next year, compared to the previous plan to finalise the deal in early 2023.
Thales shares slipped 1.6 per cent in Paris to 120.70 euros at 0827 GMT.
The French technology and infrastructure company cited the CMA's intention to open a "phase II" review of the deal as reason for the delay.
Britain's principal customer for mainline signalling, Network Rail, is putting in place a tendering process for its next major signalling procurement, the Competition and Markets Authority (CMA) said.
The Office of Rail and Road found earlier that mainline signalling in Britain was provided by only two suppliers - Alstom and Siemens, and it said that lack of competition could increase operators' costs with "an adverse knock-on effect on taxpayers and passengers".
A deal between Hitachi and Thales could eliminate a credible competitor from the new tendering process, it said.
The deal, first announced in August 2021, values Thales' division at 1.66 billion euros ($1.75 billion) and Hitachi expects the acquisition to help its rail division reach revenue of 1 trillion yen ($7.34 billion) by 2026.
Since the deal announcement, the companies have secured two-thirds of the needed deal approvals, including merger clearances in nine out of the 13 required jurisdictions, Thales said on Friday.
It said both companies were committed to working with all regulatory bodies to ensure the deal closed as quickly as possible.
($1 = 0.9462 euros)
($1 = 136.3100 yen)
A significant deal in the rail technology sector could be ruled offside by the competition authorities because it will cut the number of signalling providers.
In the depths of the pandemic, Hitachi Rail, a subsidiary of the Japanese industrial giant, agreed to pay €1.7 billion to acquire the rail signalling business of Thales, the French engineering group.
The deal appeared to scupper plans by the Office of Rail and Road, the regulator, to create a competitive market for railway signalling in the UK.
That sector is dominated by two European groups, Siemens and Alstom. The ORR had reasoned that Thales and Hitachi could be used to create some competitive tensions as the UK infrastructure provider, the state-owned Network Rail, embarks on multi-year, multibillion tenders
New offering strengthens end-to-end security for cloud application workload management, bolstering DevSecOps, protecting critical cloud-based data, and delivering zero trust security across hybrid and multicloud environments
SANTA CLARA, Calif., Dec. 8, 2022 /PRNewswire/ -- Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi Ltd. (TSE: 6501), today expanded the Hitachi Application Reliability Centers (HARC) portfolio of consulting and managed services with new Cloud Security Services. A crucial component of the HARC portfolio, this new set of application security services offer improved DevSecOps for customers navigating the cloud by strengthening data protection and securing global cloud application workloads across any platform or cloud environment including AWS, Microsoft Azure and Google Cloud, to securely and reliably optimize costs and enhance performance.
For more information about Hitachi Application Reliability Centers, visit:
As more companies rush to the cloud, many are scrambling to manage the growing operational complexities of their hybrid and multicloud environments, as well as the resulting expanded attack surfaces. The widening cloud and cybersecurity skills gaps only compounds the problem, leaving data, digital infrastructure, and applications increasingly vulnerable. In fact, recent research shows that cloud-based data were impacted in 39% of successful ransomware attacks during the past year.
HARC Cloud Security Services reduce complexity by giving IT leaders multilevel security to protect data across five different critical layers of business: cloud, cluster, container, customer data and code. Data-centric security and continuous compliance provides a high level of protection for achieving end-to-end security – regardless of platform, quantity of data, or size of application.
"The growth in the adoption of multi-cloud solutions has increased the need for efficient convergence and integration of cloud services, data security, and infrastructure networking across IT ecosystems. Thus, the industry is witnessing growing implementation of the integrated approach where security and networking applications are no longer composed of discrete devices," according to a recent report from Grand View Research2. The report continues, "concerns and challenges associated with cloud migration include hardships in regulatory compliance, loss of control over IT services, insider threats or compromised accounts, and business disruption, among others. Nevertheless, adopting the latest and innovative risk mitigation and data encryption solutions in line with the continued advances in risk mitigation and encryption technologies can potentially help in annulling all these concerns gradually over the forecast period."
HARC Cloud Security Services draw on industry best practices, including the concept of the zero-trust architecture and automation, to help increase visibility, mitigate threats, and enforce compliance. The new application security services also can be customized to ensure the appropriate controls are embedded in all aspects of a customer's cloud operations. Such integration reflects Hitachi Vantara's core belief in "design for security."
"Many organizations approach modernization in a siloed way, but as more data is spread across multiple environments, a failure to securely link processes across environments presents real risks," said Premkumar Balasubramanian, Senior Vice President and CTO, Digital Solutions at Hitachi Vantara. "Hitachi Vantara's strategy centers around a data-driven approach which looks at infrastructure, applications, and data together to create a single, unified view. With the addition of Cloud Security Services as part of the HARC portfolio, we're adding the tools, processes, and approach our customers need with a zero-trust architecture and automation to protect cloud-based data and applications in today's fast-moving and increasingly complex business environment."
HARC is a key pillar of how Hitachi Vantara helps business modernize their digital core, which means taking a holistic approach and modernizing infrastructure, applications, and data together to leverage hybrid, distributed cloud environments and build a personalized cloud strategy. Geographically dispersed physical and virtual centers of excellence, HARC features a portfolio of managed services designed to optimize cloud workloads for reliability, security, and cost. Incorporating a Site Reliability Engineering (SRE)-focused strategy with application modernization and automation services, each site brings together best-in-class frameworks, design patterns, automated tools, and people to deliver SRE as-a-service and 24/7/365 cloud management.Additional Resources Connect With Hitachi Vantara About Hitachi Vantara
Hitachi Vantara, a wholly-owned subsidiary of Hitachi Ltd., delivers the intelligent data platforms, infrastructure systems, and digital expertise that supports more than 80% of the Fortune 100. To learn how Hitachi Vantara turns businesses from data-rich to data-driven through agile digital processes, products, and experiences, visit www.hitachivantara.com.About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. Hitachi is working to increase social, environmental and economic value for its customers across six domains; IT, Energy, Industry, Mobility, Smart Life and Automotive Systems through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. For more information on Hitachi, please visit the company's website at https://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.
1 Hitachi Vantara and Enterprise Strategy Group, ESG Research Study: The Long Road Ahead for Ransomware Preparedness, June 2022.
2 Grand View Research, Cloud Computing Market Estimates & Trends Analysis to 2030
View original content to download multimedia:https://www.prnewswire.com/news-releases/hitachi-vantara-expands-hitachi-application-reliability-centers-with-new-cloud-security-services-301698048.html
SOURCE Hitachi Vantara Corporation