Mitsui With NEC & dotData to Trial AI Price Change Forecasting

Aitechpark29 Sep, 2021Technology

Maximizing profits through digital transformation Mitsui Chemicals, Inc. has teamed up with NEC Corporation 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.