FRONTEO’s AI Engine KIBIT Adopted to Enhance Asset Management Capabilities at Daiwa SB Investments
26 Giugno 2017 - 3:00PM
FRONTEO, Inc. (“FRONTEO” or the “Company”) (NASDAQ:FTEO)
(TSE:2158), a leading provider of artificial intelligence (“AI”)
based big data analytics services, announced today that Daiwa SB
Investments Ltd., one of the largest investment management
companies in Japan, has decided to adopt “KIBIT,” the AI engine
independently developed by FRONTEO.
Daiwa SB Investments will first employ KIBIT in
July 2017 in the management process of Japan Growth Theme Focus (or
“Grand Chef”), an open-ended fund that Daiwa SB Investments
manages.
Since January 2017, Daiwa SB Investments and
FRONTEO have conducted a proof of concept (“PoC”) to investigate if
KIBIT can learn the tacit knowledge of fund managers while
selecting the shares in which to invest. The two firms have also
worked together to further verify whether KIBIT can analyze the
knowledge it has learned from the experienced fund managers and
provide effective support throughout the management process.
The PoC proved that, while it takes much time
for fund managers to analyze the large volume of corporate
information, KIBIT is able to learn the tacit knowledge and analyze
the data in a way that enhances efficiency in selecting the shares
in which to invest.
Given the results, Daiwa SB Investments has
decided to adopt the KIBIT-based data analysis platform with an aim
to further reinforce its asset management capabilities with deeper
and more sophisticated analysis of corporate information and other
data throughout the management process.
Going forward, FRONTEO will continue to support
analysis using KIBIT and provide clients with unprecedented added
value in making asset management decisions. By doing so, FRONTEO
will support Daiwa SB Investments in its pursuit of providing “Top
in Quality”® services that facilitate the accumulation of assets
for its clients.
About KIBITKIBIT 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 artificial
intelligence 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.
For more information about FRONTEO, contact
global_pr@fronteo.com or visit http://www.fronteo.com/global/.
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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
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CONTACT: FRONTEO Global PR
global_pr@fronteo.com
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