Hitachi Construction Machinery – Digital Transformation Strategies
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Hitachi Digital Transformation Strategies Report Overview
Hitachi Construction Machinery Co Ltd. (Hitachi) is focusing on advanced analytics technologies for its digital transformation. The annual ICT spending of Hitachi was estimated at $201.3 million for 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Hitachi is a construction equipment manufacturing company that operates as a subsidiary of Hitachi, Ltd. It manufactures and distributes construction and mining equipment for digging, loading, breaking, grabbing, cutting, crushing, and screening purposes.
Total ICT Spending 2022 | $201.3 million |
ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Cloud Computing, IoT, and Autonomous Vehicles |
The Hitachi Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, innovation & accelerator programs, technology introductions, technology partnerships, and ICT spending among others.
Digital Transformation Strategies
Hitachi is using advanced data analytics to improve the performance of its construction equipment. It uses proprietary simulation techniques during development stages to improve the accuracy of assessment of product prototypes on various parameters including durability, safety, and performance. The high precision analysis technique simulates diverse conditions. The analysis of simulation results helps in calculating the fatigue damage of construction machinery under different conditions and enables HCM to enhance its product development procedures. For optimizing its pricing processes, HCM partnered with Syncron to implement Syncron Price that leverages advanced algorithms for market pricing analysis.
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Hitachi Technology Theme Focus
Hitachi is utilizing a number of emerging technologies including artificial intelligence, big data, cloud computing, IoT, and autonomous vehicles to drive innovation and enhance operational efficiencies.
Hitachi Technology Focus
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Hitachi Technology Initiatives
Hitachi has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology acquisitions over the past few years. For instance, Hitachi launched ConSite Health Check Up app for diagnosing the condition of construction machinery using AI. ConSite Health Check Up app uses AI to help technicians assess and detect abnormalities in the sound of construction machinery using their smartphones. The app is also complemented by a technology that diagnoses conditions of the construction machinery based on its mechanical characteristics.
For more insights on other technology initiatives of Hitachi, download a free report sample
Hitachi ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Hitachi ICT Spend by Function, 2022(%)
For more insights on ICT spending by function, download a free report sample
Hitachi ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Hitachi ICT Spend by Channel, 2022(%)
For more insights on ICT spending by channel, download a free report sample
Hitachi External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Hitachi External ICT Spend by Segment, 2022(%)
For more insights on external ICT spending by segment, download a free report sample
Scope
This report provides:
- Insight into Hitachi’s technology activities.
- Insights of its innovation hubs and accelerator programs.
- Overview of technology initiatives covering partnerships, and technology introductions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Hitachi’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships and technology introductions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Hitachi in 2022?
The annual ICT spending of Hitachi was estimated at $201.3 million in 2022.
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Which was the leading ICT spending category by function for Hitachi?
Communications was the leading ICT spending category by function for Hitachi in 2022.
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Which was the leading ICT spending category by channel for Hitachi?
Internal development and maintenance was the leading ICT spending category by channel for Hitachi in 2022.
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What are the key external ICT spending categories by segment for Hitachi?
Software (including cloud SaaS) was the leading ICT spending category by segment for Hitachi in 2022.
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What are the key technology themes in focus for Hitachi?
The key technological theme in focus for Hitachi are artificial intelligence, big data, cloud computing, IoT, and autonomous vehicles.
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