NGK tests searching for new applications and use cases using AI
NGK INSULATORS, LTD., based in Nagoya, Japan, and Stockmark Inc., based in Minato-ku, Tokyo, have initiated a demonstration test to use artificial intelligence (AI) to improve the precision and speed of searching for new applications for NGK’s products and technologies.
To accelerate the search for applications and create new businesses, NGK will combine its internal and external documents, including patents and research papers, with proprietary AI developed by Stockmark.
Stockmark has developed a proprietary Japanese Large Language Model (LLM) trained with an large volume of public information, including the latest patents and research papers, social issues and news. AI will enable products and technologies from NGK to be accurately and quickly linked to external information. Uses can generate new businesses proposals and go-to-market ideas by entering the name of a product or technology in a dedicated search bar.
Previously finding new applications for technology required extensive human analysis of a huge amount of text data. With this initiative, AI takes on the burden of analyzing text data, replacing human effort and significantly reducing the time and labor required. This enables efficient exploration of new market opportunities. NGK plans to conduct over 100 demonstration tests within the year to showcase examples from which they will be able to extract potential new applications.
NGK Group has formulated its Road to 2050 concept, a mid- to long- term vision of the future through to 2050, and is committed to New Value 1000, which aims to generate at least 100 billion yen in net sales in new business by 2030. At the same time NGK will be converting the business structure to entirely digital and carbon neutral. In the future, NGK will focus on development themes for growth while moving forward on creating new products and new businesses.
Chiaki Niwa, Executive Vice President Responsible for Digital Transformation and Innovation, NGK comments: “NGK established Corporate NV Creation in 2022 to incorporate the needs of markets and people, aiming to realize New Value 1000, which targets generating net sales of 100 billion yen in new business by 2030.”
“To achieve New Value 1000, it is essential to intentionally create new businesses with a “market driven” approach. By combining Stockmark’s LLM and its technology, which can collect information about social issues (needs) in a timely manner, with the diverse information (seeds) held by NGK, we can uncover previously unnoticed new use cases for our technology, thereby contributing to the achievement of our goals.”
Tatsu Hayashi, CEO of Stockmark adds: “As AI/LLM technologies continue to evolve, we find ourselves at a pivotal moment in a 30-year cycle. We believe that within the next three years, these technologies will revolutionize how individuals interact with technology and software, as well as the methods by which companies and people create new value.”
“Our goal is to establish a system that fosters continuous value creation by significantly reducing the time required to search for value by integrating market demands and a company’s seeds through the initiative with NGK, which uses ceramics technology as a foundation to operate a wide range of businesses from energy and environmental protection through to digital solutions.”
www.ngk-insulators.com/en
https://stockmark.co.jp
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