Hitachi is looking to make inroads into the rapidly growing industrial and enterprise IoT markets with the creation of the Hitachi Insight Group and the unveiling of its Lumada IoT platform.

Led by Keiji Kojima, who is also senior vice president and executive officer at Hitachi, the group will drive research and development and go-to-market strategies for Hitachi’s global IoT-focused team.

The company generated $7.3 billion in revenue through the 33 IoT solutions and services it has already deployed in 2015, and said the new group will be the "tip of the spear" in its quest to capture a greater market share in the growing IoT industry.

Hitachi’s existing IoT portfolio includes products and services for public safety and smart cities, renewable and sustainable energy, intelligent transport, precision agriculture and manufacturing, water treatment and urban development, construction, and mining, among others.

To enhance its existing portfolio and support the development of new solutions and services, Hitachi also announced Lumada, which will provide a comprehensive framework of key solution building blocks.

These blocks include edge device and connectivity integration, application integration, data integration and orchestration, data repositories, stream and batch data processing, advanced analytics, artificial intelligence, simulation tools, solution blueprints, and enterprise services.

These two announcements signify the next phase of Hitachi’s global IoT strategy, following the appointment of Jack Domme in March to head the company’s social innovation business in the Americas.

Domme will join his counterparts that manage the EMEA, Asia-Pacific and China regions in providing strategic direction and support for the newly formed Insight Group.