GEC NEWS WIRENEC Corporation and dotData declared the provision and full operation of “dotData” platform for the Sumitomo Mitsui Financial Group in order to strengthen the Group’s analytical capabilities.
dotData platform is now commercially available globally. NEC has obtained an exclusive license from dotData to provide this software across Japan.
Sumitomo Mitsui Banking Corporation, NEC and the dotData team have actively worked to incorporate AI into banking operations in order to create new service offerings since 2016.
Following this success, the SMBC Group is now expanding the provision of dotData platform throughout five Group companies, thereby capitalizing on the experience and know-how gained through the Sumitomo Mitsui Banking Corporation deployment.
SMBC Group aims to utilize dotData platform in order to address a variety of business issues, including the marketing of various financial products, such as credit cards and housing loans. Moreover, dotData platform eliminates most of the manual steps in a data science process, allowing data scientists to focus on higher value creation initiatives and tackle more business challenges.
“When I was first introduced to dotData platform that automates the data science process, I found this technology could tackle the problem of a data scientist shortage, and dominate the global market,” said Katsunori Tanizaki, SMBC Group CIO & CDIO.
“Later, after we verified that the technology could yield significant results using real data, we decided to introduce it to additional companies in the SMBC Group. We are delighted that a commercial version has now been released,” he concluded.
“We are very excited to announce this great success with the SMBC Group, and that dotData is commercially ready for our enterprise clients,” said Ryohei Fujimaki, founder of dotData. “We are proud to see the SMBC Group developing new data science models every day, and consider this an important step forward for dotData, as we commit to the promotion of data-driven business innovations for the SMBC Group and all of our clients.”
“I would like to congratulate the production release of SMBC’s dotData platform, which is a very important first step not only for SMBC and dotData but for ‘citizen data scientists,” said Hideto Mori, vice president, NEC Corporation.
