1. Home
  2. Press release
Feb 06, 2020 15:00 JST

Source: Showa Denko K.K.

Showa Denko Introduces AI System to Examine Capital Investment

TOKYO, Feb 06, 2020 - (JCN Newswire) - Showa Denko K.K. (SDK; TSE:4004) has introduced an artificial intelligence (AI) based search system to look efficiently for information useful for capital investment evaluation from the company's knowledge databases. This new search engine uses an AI system named "KIBIT*," which was developed by FRONTEO, Inc., and searches the company's document database for knowledge useful for its internal examination and screening of investment plans including those for production equipment. SDK started operation of the new system at the end of this January.

When SDK judges eligibility of investment plans including those to establish, maintain or renew production facilities, we do so in accordance with valuation standards based on the company's past experiences on judgment about many factors of investment plans including their financial returns, contribution to safe and stable operation of plants. When we examine investment plans from the viewpoints of appropriateness of production technology and engineering, we utilize our know-how accumulated through judgment on more than 2,000 cases of investment in the past 20 years. However, it was not easy for us to find appropriate cases to refer from our document files recorded on multiple databases with conventional search engine that relies on simple key word search. In addition, judgment on similarity of investment cases relied on past experiences of examiners. Therefore, it was very difficult for us to make the most of our accumulated data and know-how about judgment on investment plans. This time, SDK decided to introduce a new AI-based search system to scrutinize our database, aiming to make better use of our knowledge about safe and stable operation of production facilities accumulated through judgments on investment plans in the past.

KIBIT is an AI which simulates "tacit knowledge" held by experts and skilled workers. In order to search databases for cases appropriate to refer, this AI looks up not only key words but also structure of writing and the line of thought in documents on databases, including those in documents contained in attached files. SDK decided to introduce KIBIT-based search engine because this system enables us to extract cases of investment similar to newly suggested investment plans under screening not reliant on examiners' experiences. In a trial run of the new system conducted in SDK, we confirmed that the KIBIT-based system searched our document databases for similar cases of investment and judged degrees of similarity within almost one tenth of the time needed by conventional search systems. In addition, the KIBIT-based system enables us to pick up many similar cases simultaneously, and make the most of our knowledge and know-how about facility safety measures. SDK will put this new search system into regular use in its process to judge appropriateness of capital investment plans, and consider to extend the use of the new search system to cover search for similar cases of accidents and abnormalities in production fields.

Under its medium-term business plan "The TOP 2021," the Showa Denko Group has been promoting "Strengthening of its power to utilize AI/IoT." The Group will continue to promote use of AI/IOT in production fields, and strengthen the Group's power to maintain safe and stable operation of plants and competitiveness of its businesses.

Note: *An artificial intelligence originally developed by FRONTEO, Inc. This AI is equipped with FRONTEO's original mechanical learning algorithm and powerful natural-language processing technology. It can learn deeply from small amount of teaching data, and conduct high precision analysis of database in a short time.

Contact:
Showa Denko K.K., Public Relations Office, Tel: 81-3-5470-3235
Source: Showa Denko K.K.
Sectors: Artificial Intel [AI]

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release

Showa Denko Launches Mass Production of 6-inch SiC Single Crystal Wafers
March 28 2022 11:00 JST
 
SDK Corrects Segment Information in 2021 Consolidated Financial Statements
March 11 2022 14:00 JST
 
Showa Denko Group Starts to Consider Transformation into Holding Company Structure
March 09 2022 14:00 JST
 
Showa Denko Decides Firm Name of the Newly Integrated Company
March 09 2022 14:00 JST
 
SDK Announces 2021 Consolidated Financial Results
February 14 2022 13:00 JST
 
SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme
February 14 2022 13:00 JST
 
Showa Denko Accelerates Search for Optimal Formulation of Semiconductor Materials with Quantum Computing Technology
February 10 2022 12:00 JST
 
Showa Denko Revises Forecast of Consolidated Performance
February 09 2022 15:00 JST
 
New Year Message from Hidehito Takahashi, Showa Denko President and CEO
January 04 2022 13:00 JST
 
Showa Denko Develops HD Media for MAS-MAMR Technology
December 10 2021 12:30 JST
 
More Press release >>

Latest Press Release


Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST
 More Latest Release >>