Hitachi has teamed up with Thailand's Eastern Economic Corridor (EEC) Office to apply digital technologies including IoT to establish an innovative environment to promote development of the corridor.
Under the agreement, the EEC Office and Hitachi will be working collectively using advanced digital technologies, including IoT related technologies, within the Eastern Economic Corridor region to establish a ‘cutting-edge’ IoT center.
The EEC Office and Hitachi will collaborate on EEC development in various areas, such as implementing necessary study, introducing advanced science and technology.
EEC Office will also provide relevant information and possible support in creating bases for the use of advanced digital technologies. With the EEC Office's cooperation, Hitachi will promote the use of IoT technologies – for example, through undertaking data analytics using AI based on big data obtained from plants, office buildings, and other sources.
It will also utilize the solution core and customer cases for Lumada, Hitachi's IoT platform, and roll out digital solutions that contribute to the resolution of various issues in Thailand and the ASEAN region as a whole.
Thailand is currently promoting measures aimed at establishing an advanced economic base and achieving further economic development. In 2015, Thailand 4.0 was presented as a long-term vision of an ideal economic society, and the EEC development plan was laid out as one key measure in realizing this vision.
Based on the EEC development plan, total investments on a scale of 1.5 trillion baht ($45.34 billion) are expected in the public and private sectors combined, and in addition to expanding airports and high-speed railways, the country will aim to attract and foster growth in 10 targeted industries, including robotics, digital technologies, and next-generation automotive.
Meanwhile, as part of its 2018 Mid-term Management Plan, Hitachi will be promoting growth in the global market through the rollout of the Social Innovation Business, which creates new value through collaborative creation with customers by combining operational technology, IT, and products.
Hitachi's largest scale of business in the ASEAN market is in Thailand, where it is rolling out business in a broad range of fields, including the railways, elevators/escalators, industrial products, and information and telecommunications systems businesses.
First published in eGov Innovation