TL;DR:
- NGK Insulators, Ltd. and Stockmark Inc. have collaborated to employ AI in discovering new applications for NGK’s products.
- The AI, developed by Stockmark, utilizes a Large Language Model trained on extensive Japanese public data.
- The partnership aims to connect NGK’s internal and external resources to generate fresh business proposals efficiently.
- NGK targets 100 billion yen in net sales from new ventures by 2030, aligned with its ‘Road to 2050’ vision.
- Over 100 demonstration tests are planned within the year to uncover potential new applications for NGK’s technologies.
Main AI News:
NGK Insulators, Ltd., headquartered in Nagoya, and Stockmark Inc. from Tokyo have embarked on an innovative endeavor to initiate a demonstration test employing artificial intelligence (AI) to revolutionize the exploration of novel applications for NGK’s products and technologies. The AI in focus is a proprietary Large Language Model (LLM) crafted by Stockmark, honed through an extensive corpus of Japanese public data.
Fostering Connectivity with AI
This partnership aims to forge a synergistic bridge between NGK’s internal and external assets, including patents and research literature, and external information sources. The anticipated outcome is the generation of fresh business concepts and market strategies with heightened efficiency. By deploying AI-driven methodologies, the traditional time and resource-intensive process of human text data analysis is poised to undergo substantial reduction, facilitating the identification of nascent market prospects.
Envisioning Tomorrow’s Landscape
Aligned with its ‘Road to 2050’ vision and ‘New Value 1000’ initiative, NGK has charted a course to realize a net sales target of 100 billion yen from emerging ventures by 2030. Concurrently, the company aims for a seamless transition to a digitalized and carbon-neutral business paradigm. Within the current year, a robust agenda comprising over 100 demonstration tests is slated to unravel potential avenues for the application of their technologies.
An Innovation Paradigm Anchored in Market Dynamics
Chiaki Niwa, NGK’s Executive Vice President for Digital Transformation and Innovation, underscores the pivotal role of a market-centric ethos in fostering new business realms. Conversely, Tatsu Hayashi, CEO of Stockmark, accentuates the transformative potential of AI/LLM technologies, envisaging a paradigm shift in technology-human interaction and value creation within the forthcoming triennium.
Conclusion:
This collaboration between NGK Insulators and Stockmark to leverage AI for product application discovery signifies a significant shift towards efficient market-driven innovation. By streamlining the identification of new business prospects, this initiative is poised to enhance NGK’s competitive edge and foster growth in the market for innovative solutions.
