Getting a leg up in the emerging Internet of Things (IoT) market has produced a wide range of acquisitions between chip companies, intellectual property houses, software vendors and big data.
Hitachi Data Systems Corp. is bolstering its own position in the big data market with the acquisition of Pentaho Corp., a maker of an open source platform for business analytics and big data integration. The deal will help in fulfilling Hitachi’s strategy that integrates machine data, information technology and analytics in order to garner value from big data and IoT.
The idea to use the Internet of Things to establish a better way to crunch data in production and accumulate big data to determine cost savings and proactivity in manufacturing has been growing as a trend in recent months. Intel last year stated itsaved $9 million in a pilot production program by using IoT for big data analytics while Wipro and Software AG last month formed an agreement to merge technologies for the same intention.
After the acquisition is completed (scheduled for June of this year), Pentaho will retain its brand and be labeled Pentaho, a Hitachi Data Systems company, Hitachi said. Pentaho CEO Quentin Gallivan will remain in his current position.
Hitachi claims the acquisition will be a transformational event for the big data industry and will accelerate enterprise adoption of big data technologies leading to faster deployment, faster return on investment (ROI) and easier introduction of products.
Kevin Eggleston, senior VP of social innovation and global industries at Hitachi Data Systems, said in a statement that data remains “an tapped resource for many organizations and businesses” and the combination of Hitachi and Pentaho technologies will “give customers a more complete solution to manage their data” and “leverage the power of big data and Internet of Things” more simply and quicker.
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