Providing a practical problem-solving curriculum using “Lit i View AI Sukedachi Samurai”
Enabling the use of AI to improve business processes in the fields of sales, marketing and consulting
TOKYO, Sept. 21, 2016 (GLOBE NEWSWIRE) -- FRONTEO, Inc. (“FRONTEO” or “the Company”) (NASDAQ:FTEO) (TSE:2158), a leading provider of global eDiscovery solutions and big data analysis services, and Japan Third Party Co., Ltd. (“JTP”), a domestic specialist in providing technical services to international technology companies entering the Japanese and Asian markets, announced today that they have co-developed a curriculum which teaches users how to expertly use artificial intelligence (AI) in practical applications. The curriculum will become available in November 2016.
There is a severe shortage of personnel capable of making practical use of AI, while the expectation of such use in business continues to grow. Currently, most AI courses targeted at company employees are either entry-level trainings focused on matters such as the history of AI, the types of AI and the basics of how AI works; expert trainings for IT engineers and specialists to acquire skills and knowledge related to business process systems integration with AI, API implementation and natural language processing; or advanced trainings for experts in application program development. Moreover, there have been few curriculums designed to impart practical skills necessary for using AI application programs for problem-solving in business.
The co-developed training curriculum, “AI KIBIT Initiation into Lit i View AI Sukedachi Samurai”, combines FRONTEO’s “Lit i View AI Sukedachi Samurai” (AI Sukedachi Samurai), a business data analysis platform equipped with the KIBIT AI engine, and the know-how from JTP’s technical services to its clients. This curriculum enables non-IT personnel to leverage AI for problem-solving in fields like sales, marketing and consulting.
AI Sukedachi Samurai has been implemented by large banking institutions, major apparel manufacturers and education companies as a business data analysis support system. Combining the experience in these fields and KIBIT’s ability to learn from small volumes of data, the new curriculum teaches how to utilize AI to solve problems in business, to prepare training data and to analyze data through practical cases.
FRONTEO and JTP believe that this curriculum will appeal to a wide population, which will enable large-scale use of AI. FRONTEO and JTP believe this will grow the pool of people capable of utilizing AI to use valuable data buried in the mass of corporate documents, to improve productivity, to facilitate risk management and to identify new business opportunities. Going forward, the two companies will work together to pave the way for further acceleration of the use of AI by companies and organizations by expanding the scope of the curriculum offered.
KIBIT is an AI engine developed by FRONTEO. KIBIT is a word coined by combining “kibi,” a Japanese word meaning “subtlety,” and “bit,” the smallest unit of digital information, in order to indicate an AI capable of understanding the subtle elements of human behavior and personality.
About FRONTEO, Inc.
FRONTEO, Inc. (“FRONTEO”) (Nasdaq:FTEO) (TSE:2158) supports the analysis of big data based on behavior informatics by utilizing its technology, "KIBIT". FRONTEO's KIBIT technology is driven by FRONTEO AI based on knowledge acquired through its litigation support services. KIBIT incorporates experts' tacit knowledge, including their experiences and intuitions, and utilizes that knowledge for big data analysis. FRONTEO continues to expand its business operations by applying KIBIT to new fields such as healthcare and marketing. FRONTEO was founded in 2003 as a provider of e-discovery and international litigation support services. These services include the preservation, investigation and analysis of evidence materials contained in electronic data, and computer forensic investigation. FRONTEO provides e-discovery and litigation support by making full use of its data analysis platform, "Lit i View®", and its Predictive Coding technology adapted to Asian languages. The company name was changed from UBIC, Inc. to FRONTEO, Inc. as of July 1, 2016.
About Japan Third Party Co., Ltd.
Japan Third Party (“JTP”) is a group of engineers specialized in IT technology support for foreign IT companies aiming to expand into the Japanese and Asian markets. The company is aggressively advancing into new business fields such as robotics AI, cloud computing, IOT and life sciences by taking advantage of the professional expertise developed through its 29 years of experience of supporting foreign IT companies. It has also been training IT engineers in a broad range of fields, including AI, through its education business, which has been in operation for more than 20 years.
Headquarters: 14th floor, Gotenyama Trust Tower, 4-7-35 Kitashinagawa, Shinagawa Ward, Tokyo
Foundation date: October 31, 1987
Representative: Yutaka Mori, president and CEO
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the amount of data that FRONTEO expects to manage this year and the potential uses for FRONTEO's new service in intellectual property-related litigation, contain forward-looking statements. FRONTEO may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about FRONTEO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: FRONTEO's goals and strategies; FRONTEO's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, FRONTEO's services; FRONTEO's expectations regarding keeping and strengthening its relationships with customers; FRONTEO's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where FRONTEO provides solutions and services. Further information regarding these and other risks is included in FRONTEO's reports filed with, or furnished to the Securities and Exchange Commission. FRONTEO does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and FRONTEO undertakes no duty to update such information, except as required under applicable law.
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