Author: virgiehighsmith
Japan – Mitsui Chemicals Teams up With NEC and dotData to Trial AI-based Price Change Forecasting for Market-Sensitive Products
Mitsui Chemicals, Inc. (TSE: 4183) has teamed up with NEC Corporation (TSE: 6701) to trial an AI-based system for forecasting changes in the prices of specific Mitsui Chemicals products that are sensitive to market conditions. Based on the results of this trial, Mitsui Chemicals intends to work toward the full introduction of an AI-driven demand forecasting system to avoid losses caused by price fluctuations and increase profits through appropriate procurement, production and sales. The trial was carried out using the dotData AI software platform developed by dotData, Inc., which automates all data science processes. BackgroundMitsui Chemicals has conventionally forecast trends ... Read more