NEW YORK, January 31, 2023 – FRONTEO (TSE: 2158) has announced it has developed an improved algorithm for its AI review tool "KIBIT Automator" (see press release FRONTEO Develops Algorithm that Combines Ensemble Learning and Performance Prediction in KIBIT, an AI Engine Developed In-house Develops Algorithm that Combines Ensemble Learning and Performance Prediction). KIBIT Automator is utilized in actual projects, and we are pleased to announce we have achieved a reduction in the review ratio, which establishes a performance improvement compared to conventional AI algorithms. This product has been continuously improved since its development in 2012 to enhance its functionality, and this achievement is another testament to that.
In recent years, the rapid development of the digital society has rendered IT support processes routine, despite a steady increase in volume of electronically managed data. Document review work related to related to eDiscovery requirements in international litigation and digital forensics (information preservation and analysis of information recorded on digital devices) requires both speed and quality typically within compressed timeframes. Time spent required to review data tends to increase in line with data volumes, and the corresponding substantial costs associated with such work continues to be a major challenge for companies.
KIBIT Automator assists companies and attorneys with vast document review workloads associated with active matters. By using AI to identify documents that are relevant to evidence – and those that are not – with a high degree of accuracy, KIBIT Automator has been able to improve the efficiency and sophistication of such work. This latest AI improvement, which was recently deployed in actual cases, enabled us to confirm that compared to the conventional AI algorithm, the percentage of documents that require manual review to identify 80% of "relevant" material was reduced from 32% to 26%. This result proves that our latest advancement with KIBIT Automator leads to a reduction of work, and further highlights FRONTEO’s commitment to the improvement of existing digital forensic solutions and operations.
FRONTEO, as a pioneer in providing digital forensics and eDiscovery solutions in Japan, will continue to further utilize this product that incorporates KIBIT, an AI engine developed in-house with strengths in natural language processing, and strive to continuously develop new AI solutions that along with high-quality services will help streamline fraud investigations and litigation support work.
＊Even when the review percentage is reduced, the implementation of the cutoff for documents to be reviewed will be determined on a case-by-case basis in consultation with the attorney in charge of the matter.
About FRONTEO. Everything we do comes from our service-oriented culture that puts the client at its center. We develop and constantly improve leading-edge technology, and market custom, seamless services that create value for our clients, employees, consumers and shareholders. Our name is no coincidence. “FRONTEO” helps us focus while looking forward, empowering us to apply our AI technology to the mission-critical legal market. We combine our machine learning with unparalleled attention to our clients. At FRONTEO, you are the center of our universe. You define your needs, and we are your helpmates and facilitators. Together, now and in the future, we succeed.