Hitachi's 500 billion R&D expenses go to artificial intelligence and robots
According to "Nikkei Business News" reported on May 10, Hitachi, Ltd. plans to increase the research and development expenses after 2016 by about 30% from the 2015 forecast, to around 500 billion yen per year. The scale will rival that of the US General Motors (GM) and Siemens in the world market, and the funds will focus on sensors, artificial intelligence and robots. It is estimated that the R&D expenses of the top 35 companies in Japan in 2015 will reach the level of 2007 before the Lehman crisis. In the context of the recovery of earnings, the growth of Japanese companies in the fields of home appliances, electronics and automobiles has become increasingly active.
Hitachi’s executive and chief technology officer, Kojima Koji (CTO), said that “the plan to increase the proportion of R&D investment in sales from 3.5% in 2013 to the three-year medium-term business plan for 2016 to 2018 4-5%". Hitachi will increase its annual sales to approximately 11 trillion yen through the medium-term plan, and increase the research and development fee to the size of the 1997 annual research and development (about 500 billion yen). Although the R&D fee for 2015 is expected to increase by only about 3% to 360 billion yen, Kojima said: "The number will increase rapidly after 2016."
Hitachi is developing new businesses such as big data analysis that integrate highly information technology, infrastructure services for railways, sewers and energy. It plans to “improve its development investment in core technology artificial intelligence, sensors, robotics and security to three times†(Chief Technology Island).
In addition, the number of R&D personnel will increase from 25% to 3,000. R&D personnel will be added to the Center for Co-Creation (CSI, 500 people), which will conduct new business with customers such as enterprises and governments. The center also operates in the US, China and Europe and is expected to contribute to the expansion of overseas sales.
After the Lehman crisis, Japanese companies have been sharply cutting research and development costs to ensure short-term profitability. However, related investments began to recover gradually after 2010. The Nihon Keizai Shimbun conducted statistics on 35 major Japanese companies that had publicly researched and developed the cost plan before May 1. The results showed that the total research and development costs of all corporate plans for 2015 increased by 6% from the previous year to 2.75. The trillion yen is almost the same as the amount that peaked in 2007 in the past 10 years.
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