In an effort to enhance business efficiency and drastically cut down labor costs, NEC Corporation, based in Japan, has been able to integrate artificial intelligence (ai) into their software engineering tasks through a companywide experiment initiated last year. The results of this experiment have been nothing short of remarkable, as NEC has witnessed a reduction of up to 70% in labor costs across various tasks.
The Genesis of NEC’s ai Integration
NEC’s Chief Technology Officer, Motoo Nishihara, shared that the experiment kicked off in May of last year and has yielded impressive results. The time taken to complete tasks such as document preparation has been cut in half, while minutes taken to transcribe meeting notes has decreased significantly from 30 minutes to just five. These developments serve as a clear indication of the tangible benefits ai can offer in streamlining monotonous tasks and boosting productivity across industries.
A Strategic Embrace of ai
NEC’s commitment to utilizing ai for strategic business advantages is evident through this experiment. Masakazu Yamashina, NEC’s Co-Chief Operating Officer, emphasized the importance of selectively implementing large language models (LLMs) or generative ai to optimize business operations. Yamashina underscored that the true value of generative ai lies in its ability to adapt within specific domains, alongside stringent security measures.
NEC’s exploration of ai technologies does not stop at internal processes; it extends to potential commercialization for external entities as well. With an extensive domain-specific knowledge base spanning diverse industries like agriculture, government, telecom, and transportation, NEC is well-positioned to provide customized ai solutions catering to a wide range of business requirements.
Innovation through ai: A Look at NEC’s Product Portfolio
NEC is preparing to unveil several innovative ai-driven products aimed at bolstering efficiency and decision-making processes. One such product is an ai-enabled video recognition system that examines accidents via CCTV footage. Currently in the trial phase, this system could potentially revolutionize accident investigation procedures by swiftly identifying crucial moments and determining accident causes, ultimately expediting response times for insurance companies and law enforcement agencies.
Disrupting the Telecom Market with Open Radio Access Network
Furthermore, NEC is delving into the realm of Open Radio Access Network (Open RAN), a collaborative model designed to challenge the telecom equipment market. Through a strategic partnership with NTT Docomo, Japan’s leading telecom carrier, NEC aims to expand its Open RAN business worldwide. This move solidifies NEC’s role as a major player in the evolving telecom landscape and underscores its dedication to fostering innovation through collaborative partnerships.
NEC’s investment in ai-driven solutions reflects their unwavering commitment to innovation and efficiency enhancement. By incorporating ai across various domains, NEC aims to redefine traditional business models and pave the way for a more streamlined and technologically advanced future. As businesses increasingly recognize the transformative potential of ai, NEC positions itself at the forefront, ready to deliver bespoke solutions tailored to meet the evolving needs of the digital age.
