Hitachi signs ‘social innovation’ MoU with CSIRO
07 Dec 2018
Japanese technology multinational Hitachi has signed a memorandum of understanding (MoU) with Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO).
The MoU will focus on research and development around ‘social innovation’ – innovation that delivers social benefits by tackling societal challenges.
Areas of potential collaboration identified in the MoU include: artificial intelligence, autonomous systems, digital transformation, digital-twin tracking, ground-engaging tool (GET) replacement, Internet of Things (IoT) sensing, material tracking, security and urban systems, according to Hitachi.
The MoU is part of Hitachi’s commitment to invest A$1.25 billion in Australian social innovation by 2020, as reported by Investor Update in December 2017.
‘We are delighted to be partnering with CSIRO as we continue to invest our efforts in introducing technologies and systems across Australia that will impact social wellbeing,’ says Anand Singh, Hitachi Australia Executive Director and Director of Operations.
‘This partnership will also enable collaborative efforts with a variety of different stakeholders who are in alliance with CSIRO from different industries and academia.’
The MoU was signed by Atsushi Konishi, Managing Director of Hitachi’s Oceania region, and Dr Larry Marshall, CEO of CSIRO, at the Hitachi Social Innovation Forum in Sydney on 21 November 2018.
‘CSIRO brings more than 100 years of experience across a broad, multidisciplinary range of research to the table, and we’re excited to help turn Hitachi’s growing Australian presence into a powerful force for good in our community,’ says Dr Marshall.
Headquartered in Tokyo, Hitachi is a global operational technology, IT and products and systems organisation. The group, with revenues of US$88.4 billion last financial year, has approximately 307,000 employees worldwide.
Find out more about investment opportunities in Australia in services and technology.