--To the press -
FRONTEO improves algorithm performance of AI review tool "KIBIT Automator"
Up to 10 times faster calculation speed and up to 10% reduction in document review cost and improved prediction accuracy
Masahiro Morimoto, President and CEO
2-12-23 Konan, Minato-ku, Tokyo
(Code number: 2158 TSE Growth)
FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, hereafter FRONTEO) is pleased to announce that the AI review tool "KIBIT Automator" equipped with the AI engine "KIBIT" developed in-house has been launched. We are pleased to announce that we have improved the accuracy of extracting documents that need to be reviewed by humans, improving the calculation speed of document reviews by 10 times and improving the accuracy by up to 10% in terms of labor costs.
The amount of data managed by companies is steadily increasing year by year, and in digital forensics (information security and analysis surveys targeting information recorded on digital devices), several TB per evidence holder (Castdian). You have to collect data that can range up to, and find a document that leads to evidence in a huge amount of documents within a limited period of time.Time, quality and cost are major issues for lawyers involved in research.Among them, "document review", which is the process of finding related information, is said to occupy about 1% of the time and cost, and it is necessary to find the necessary information from a huge amount of data within a limited time. , Utilization of tools such as AI is indispensable. KIBIT Automator is already in operation in the United States and Japan in the legal tech area, and has realized a reduction in the amount of documents that require review and a significant speedup of document review.
Under these circumstances, FRONTEO tuned the algorithm "Illumination Forest" that utilizes its own technology with the aim of further improving efficiency.As a result, the recall rate * is equivalent to increasing the calculation speed by up to 10 times and reducing the number of review documents required to find 80% of relevant documents as evidence by up to 10% compared to the past. Achieved improvement (measured with test data inside FRONTEO).
Illumination Forest is FROTNEO's original algorithm based on random forest and neural network, and by adjusting the contribution ratio of these, we succeeded in improving the performance in a form that does not require machine power.In addition, we have achieved high speed by devising internal matrix operations. Illumination Forest is designed for document reviews with a high percentage of relevant documents as evidence (richness) and is expected to be applied to more projects in the future.
As a pioneer of digital forensics and discovery in Japan, FRONTEO will continue to develop and improve solutions that help improve the efficiency of fraud investigations and litigation support.
* Recall Rate: Recall rate.Percentage of all relevant data as evidence that is correctly predicted to be relevant
■ About KIBIT Automator URL: https://legal.fronteo.com/products/kibit-automator/
"KIBIT Automator" improves the efficiency of document review work in electronic discovery (e-discovery), reduces the burden on workers, and reduces costs, among other discoveries required in the trial procedure of US civil proceedings. An AI tool developed for the purpose, released in March 2019.Applying the research method used in discovery, AI is used to examine and analyze large-capacity e-mails and electronic files that are evidence materials.In recent years, it has been utilized as one of the important processes of digital forensic surveys in the surveys of third-party committees in Japan, and it is expected to respond to the short-term information disclosure required by companies.
■ About KIBIT URL: https://www.fronteo.com/products/kibit/
"KIBIT" is an artificial intelligence that analyzes text without relying on keywords, using a unique machine learning algorithm that reproduces the "tacit knowledge" possessed by specialists and business experts.Highly accurate analysis in a short time is possible with a small amount of teacher data.
■ About FRONTEO URL: https://www.fronteo.com/
FRONTEO means from a huge amount of text data using the in-house developed AI engine "KIBIT" specializing in natural language processing, "Concept Encoder (trademark: conceptencoder, reading: concept encoder)", and "Looca Cross". It is a data analysis company that extracts important information and supports the business of the company. Since its establishment in August 2003, it has been expanding globally to Japan, the United States, South Korea, and Taiwan, focusing on legal tech businesses such as "e-discovery (electronic discovery)" and "digital forensic investigation" that support corporate international litigation. Has been deployed.Based on the AI technology cultivated in this business, we will expand the business field to the life science field, business intelligence field, and economic security from 8, and by using AI to "turn text data into knowledge", We contribute to solving various corporate issues such as drug discovery support, dementia diagnosis support, financial, personnel, and sales support. Listed on TSE Mothers (currently TSE Growth) on June 2014, 2007. Obtained a first-class medical device manufacturing and sales business license in January 6 (permit number: 26B2021X1), and notified the managed medical device sales business in September of the same year (notification number: 13 Minato Misei Equipment No. 1).Capital
3,034,846 thousand yen (as of March 2022, 3).
* FRONTEO, KIBIT, and concept encoder are registered trademarks of FRONTEO in Japan.