Sumitomo Mitsui Banking Corporation and Fujitsu Limited announced an association to explore the creation of a data analysis business, designed to train customers with greater decision making and operational efficiency.
The association occurs after a joint project team formed by the two companies in 2024 conducted a survey of customer needs and discovered that various industries, including manufacturing, wholesaler and retail trade, wish to get away from decision -making based on individual experience and promote data -based operations to improve efficiency and improve management decisions.
To meet these needs, the two companies will combine their experience and technologies to create a data analysis business focused on solving customer challenges.
These efforts are found in the context of the aging population of Japan and the decrease in the birth rate, which leads to the scarcity of labor and the increase in personnel costs, so the corporate awareness of the importance of sustainability efforts also continues, including efforts to reduce CO2 emissions by optimizing invent management and minimizing waste in manufacturing.
General description
The following initiatives will be carried out through the Company Agreement.
- Planning and consideration of data analysis solutions to improve customer management decision making
- Development of joint marketing activities for customers
- Demonstration experiments and provision of services that combine the assets and solutions of both companies
The experience in the knowledge analysis of the SMBC industry will be combined with the Fujitsu’s demand prognosis to improve management decision making and support the optimization of the volumes of orders for customer products, the assignment of personnel and logistics planning.
The Fujitsu’s demand prognosis incorporates Fujitsu patented dynamic model technology that automatically tune in and optimally combines multiple demand prognosis models. Compared to the selection of a unique forecast model, this approach allows more precise learning that captures the characteristics of each prognosis objective, which changes due to several factors such as demand cycles, external influences and trends. This results in a stable and highly precise demand prognosis, which allows a quick response to market needs and supports corporate management decisions.
Future plans
SMBC has positioned the creation of social value as one of the pillars of its medium -term management plan, plan satisfied growth. To date, SMBC has supported decisions based on customer data through personalized data analysis solutions that take advantage of advanced data science and financial engineering knowledge to address the specific challenges of the industry and diverse needs. Through commercial co-creation with Fujitsu, SMBC aims to provide new financial and non-financial solutions that support data-based management decision making.
The Fujitsu’s demand prognosis allows the improvement of the demand for products and inventory management, contributing to waste reduction and the improvement of operational efficiency. According to the Fujitsu Uvance business model, whose objective is to resolve social challenges, Fujitsu will advance the transformation of the complex management of a world that changes rapidly when making the advanced decision making of customers through digital changes that promotes management initiatives based on data agilely.
Get more information: www.fujitsu.com.
