Nippon Telegraph and Telephone (NTT) announced the establishment of NTT AI-CIX (AI-Cross Industry Transformation).
This new venture aims to drive the next phase of digital transformation through advanced AI technologies and cross-industry collaboration.
Background and Objectives
In response to the diversification of lifestyles following the COVID-19 pandemic, industries worldwide are experiencing increasing complexity and a shift towards inter-sector services. Recognizing these trends, NTT is dedicated to evolving digital transformation from isolated company efforts to multi-company, cross-industry initiatives.
NTT has been at the forefront of developing digital twin prediction and optimization AI, as well as digital twin computing technologies. NTT AI-CIX, Inc. will leverage these advancements to optimize individual tasks and entire supply chains through "linked AI," where various AI systems collaborate across different businesses and industries. The company will offer a one-stop solution, from consulting to product development and AI platform services.
Innovative Solutions for Industry
One key initiative is the overall supply chain optimization in the retail and distribution industry. To achieve this, NTT has signed a collaboration agreement with Trial Holdings (Trial) on January 22, 2024, to jointly enhance supply chain management (SCM).
By combining Trial's extensive retail industry knowledge, stores, and data with NTT's expertise in data science, the partnership aims to improve store operation efficiency, logistics, and customer value. The initiative also focuses on integrating data from manufacturers, wholesalers, and retailers to optimize SCM across the distribution sector, considering varying supply chains and purchasing trends for each product category.
Future Vision
NTT AI-CIX will harness the insights gained from various industries, including retail, urban development, transportation, electricity, agriculture, and healthcare, to accelerate social implementation with customers and partners. By continuously addressing industry and corporate needs, the company aims to create new value and business opportunities through linked AI across all sectors.
Source: https://www.thefastmode.com/investments-and-expansions/36703-ntt-group-establishes-new-ai-company