Initiatives to incorporate AI for improving operational efficiency at firms have been reported on in newspapers daily, attracting considerable attention. Amid such circumstances, the AI engine KIBIT, which was independently developed by FRONTEO, has become more widely known as one of a very few AI engines used in Japan. This recognition is based on our strength of having superior track records of introducing KIBIT in a variety of business scenarios and the technology’s high operability with small amounts of training data as well as our consultation capabilities offering a full range of support from task analysis prior to introduction to operational support. In particular, a new coined term, “RegTech (Regulation Technology),” has appeared among financial institutions following “FinTech,” suggesting the strong need for swift improvement of operational accuracy through utilization of AI to deal with tighter regulations. In light of such trends, we intend to focus our KIBIT sales activities on the RegTech field going forward. While expectations for AI are mounting as mentioned above, we have found that companies using AI often lack an understanding of AI characteristics, or lack personnel to analyze the data. Learning from such facts, we will work to further develop markets by eliminating obstacles impeding AI introduction by improving support systems for the introduction and operation of AI as well as providing training programs to cultivate AI personnel in user companies.
