Is Canon Betting Its Future On IoT?

Canon has announced that it is joining the raft of technology companies attempting to take on the Internet of Things (IoT) through what it is calling the ‘Imaging of Things’.

Speaking at the firm’s EXPO 2015 event in Paris on Tuesday, Canon CEO Fujio Mitarai talked up the firm’s global vision for the future as the IoT becomes more pervasive.

“Canon is showing how the world of imaging is expanding rapidly in the age of the IoT,” said Mitarai.

“In the future nearly everything will be connected through smart devices. These rely on built-in cameras or sensors and the data they generate. As a result, Canon predicts that the IoT will largely depend on the ‘Imaging of Things’.”

To take on this future, Mitarai plans to overhaul Canon’s business structure to build a network of smaller Canon companies and thus create an “ecosystem of innovation”.

The CEO said that these companies have been designed to “harness innovation and creative talents from across the regions”, and will include more investment in what Canon does but on a more local level in different regions across the world, as opposed to all of the innovation being created in Tokyo, as it is at the moment.

This will allow “regional independence and international collaboration [to be] put into practice”, Mitarai said.

In this new “network of companies”, Mitarai explained that each regional headquarters will manage local R&D and manufacturing, as well as service and support customised to its market.

In Europe, the smaller Canon companies will focus on printing and network video surveillance, and the firm has already brought in specialists in these business areas such as Océ, Axis and Milestone Systems.

Mitarai said that, along with its global reputation for cameras, this will make Canon the largest printing and network video surveillance company in the world.

On a B2B level, the move is also about helping other firms build new competitive advantages and improve services for their own customers.

“We are changing our own operation model and go to market structure to build more expertise in these areas and connect with our customers,” said Jeppe Frandsen, head of the Production Printing Group at Canon Europe.

“Our customers are changing so we are now looking at a way customers are changing to what their customers want – new ways to do business together.”

Canon’s EXPO 2015 event was also an opportunity for the company to show off many of the latest projects from its R&D centre in Tokyo for the first time in Europe.

These tie in with the firm’s new focus as it launches smaller companies in more regional areas, and include a range of innovative practices such as responding to society’s monitoring needs, 3D printing as part of a partnership with 3D Systems in Europe, and graphic arts via investment in digital print technologies.

Source-http://www.thegurureview.net/technology-2/is-canon-betting-its-future-on-iot.html

Lenovo To Buy NEC’s Mobile Phone Unit

Japan’s NEC Corp is in negotiations to sell its struggling mobile phone unit to its PC venture partner Lenovo Group Ltd, a source familiar with the discussions said, confirming media reports of the negotiations.

NEC is also in talks with potential domestic buyers, the source said on condition that he wasn’t identified.

NEC has until now said its mobile business is an important part of its overall operations. But after two years of losses the company is shedding assets to bolster profitability.

“Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided,” NEC said in a statement through the Tokyo Stock Exchange on Friday in response to the media reports.

Lenovo officials could not be immediately reached for comment.

Japanese phone makers have struggled to gain traction overseas inmarkets dominated by Samsung Electronics Co Ltd and Apple Inc where they are also being challenged by upcoming Chinese makers. In Japan, the two foreign giants are whittling down their share of cell phone sales.

Last October, NEC cut its mobile phone sales target for the year ending March to 4.3 million from a previous estimate of 5 million units. Lenovo, the world’s No.2 maker of PCs, is cranking up overseas expansion in smartphones after solid growth in China.

Japan’s biggest cell phone maker, Sony Corp, is vying with China’s Huawei Technology Co and ZTE Corp to be No.3 in the global smartphone market.

NEC also plans to sell its mobile services subsidiary NEC Mobiling Ltd for as much as $850 million, separate sources told Reuters this month.

Marubeni Corp’s telecommunications unit and TD Mobile, a joint venture between Toyota Tsusho Corp and Denso Corp, are vying for the 51 percent stake, the sources said.

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