FRONTEO Korea, Inc., a subsidiary of FRONTEO Inc. (Headquarters: Minato-ku, Tokyo, President: Masahiro Morimoto, formerly UBIC), which is listed on NASDAQ and TSE Mothers and is engaged in big data analysis business that makes full use of artificial intelligence. (Headquarters: Seoul, Korea, hereinafter FRONTEO Korea) is 2017 Stevie^® Received the Silver Award of the Asia Pacific Award.
 
Stevie^®The award is called the "Academy Award in the Business World" and consists of seven programs, including the Asia Pacific Award, the American Business Award, the International Business Award, and the Women's Business Award. Founded in 2013, the Asia Pacific Awards recognize innovative achievements for companies, organizations and professionals from 22 countries across the Asia Pacific region, with more than 22 applications from 700 countries this year. The award winners were awarded the award at the celebration held in Tokyo on June 6nd.

FRONTEO Korea has now been honored with the award in the "Use of Technology in Customer Service" category. The reason for the award was that FRONTEO's original artificial intelligence (AI) technology "KIBIT" was applied to international proceedings with a large cost burden and realized dramatic cost reduction.

The US litigation system employs an eDiscovery system called "eDiscovery," which requires parties to submit litigation-related documents using electronic data, which accounts for 50% of the total cost of the litigation. I will.With the explosive increase in litigation, reducing litigation costs has become one of the most important management issues for businesses.
 
KIBIT, FRONTEO's original AI technology, learns the judgment mechanism made by experts and analyzes a huge amount of data based on machine learning related technology. In its application to eDiscovery, KIBIT learns the decision-making patterns of legal professionals and automatically extracts litigation-related electronic documents from a huge amount of documents.In addition, KIBIT can read documents 4,000 times faster than humans, reducing litigation costs by up to 40%.
 
Yongmin Cho, CEO of FRONTEO Korea, said of the award: "We are very pleased and honored that FRONTEO's e-discovery service utilizing AI technology has received high praise at global business awards. FRONTEO has provided this service in seven countries including Japan, the United States, and South Korea. With a track record of providing over 7 international litigation cases, FRONTEO is a leader in the global eDiscovery market. FRONTEO will continue to do its utmost to support the efficiency of litigation response by companies. . "

 
■ About KIBIT
Artificial intelligence "KIBIT" is an artificial intelligence engine originally developed by FRONTEO that combines Landscaping, an artificial intelligence-related technology, and behavioral information science. It is a unit of information and the "subtleties" of the human mind (KIBI). Combined with "BIT", it means "artificial intelligence that understands the subtleties of humans."By reading the meaning of sentences from texts and learning the tacit knowledge and feelings of people, it is possible to reproduce judgments and how to select information on behalf of people.
 
[About FRONTEO] URL: https://www.fronteo.com/
FRONTEO Co., Ltd. is a data analysis company that supports the analysis of information such as big data using its proprietary artificial intelligence engine "KIBIT".Established in August 2003 as a company that supports e-discovery (electronic discovery), which preserves evidence, investigates and analyzes electronic data necessary for international litigation, and computer forensic investigations.We provide legal proceedings support to companies by making full use of our in-house developed data analysis platform "Lit i View" and "Predictive Coding" technology that supports Asian languages.The unique artificial intelligence-related technology cultivated and developed in this business learns "tacit knowledge" such as the experience and intuition of experts, and realizes prediction of future behavior from analysis of human thoughts.Recently, we have been expanding our business by utilizing it in areas such as healthcare, business intelligence, and marketing. Listed on TSE Mothers on June 8, 2007 and NASDAQ on May 6, 26.The capital is 2013 thousand yen (as of September 5, 16). As of July 1,764,965, 2016, UBIC Co., Ltd. has changed its name to the current company name.