Hitachi has announced that it has signed an agreement with Fusionex International Plc (Fusionex), a Big Data and AI technology market leader in the Asian region, providing AI and data analytics services, and has acquired the successor company of digital business under the “Fusionex” brand, as a wholly-owned subsidiary (the new company) on April 1, 2020.
Hitachi aims to be a global leader of Social Innovation Business in the 2021 Mid-term Management Plan, and is planning aggressive investment in the IT sector with focus on North America and Asia.
By this investment, based on the plan, Hitachi gained skilled data scientists and data professionals as well as other resources in digital domains and obtained customer bases in the Asian region.
The new company will closely liaise with Hitachi Group companies including Hitachi Vantara, playing a key role in the expansion of Lumada business worldwide, enabling Hitachi to strengthen front and delivery functions.
Hitachi will incorporate Fusionex’s AI-enabled data analytics products, services and subscription type SaaS business expertise into Lumada, to strengthen SaaS business, which reduces user-specific development, customization, and realizes easy delivery. Hitachi aims to establish an agile and efficient delivery model which is essential to expand global business. Moreover, Hitachi will create new digital solution by integrating both companies’ technologies, expertise, and digital-ready resources, and combining the services with Hitachi’s OT and product businesses for its global customers.
This strategic move will enhance Lumada solutions and accelerate their delivery. Hitachi will contribute to improve customers’ social values, environmental values, and economic values accelerating global expansion of Lumada business that solves customers’ challenges and support customers in achieving digital transformation (DX).
As DX gains momentum worldwide, the application of data analytics and AI is expanding over many different industries. In Asia, digital solutions for businesses are expected to grow in demand very rapidly. To achieve DX, SaaS-type services are becoming increasingly important as they can quickly become available for use while minimizing initial investment. In particular, the subscription market in Asia is rapidly expanding, with its CAGR (compound average growth rate) for the period between 2011 and 2018 reaching 20%.
Fusionex has, for many years, been offering SaaS-based applications utilizing AI and data analytics as well as related services such as consultation, implementation and operations for various customers in manufacturing, distribution, logistics, e-commerce, finance and other domains.
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