SMBC and Fujitsu partner towards creation of AI-powered data analytics business

• 04 Apr 2025
• TM Team
• 0 Comments

Sumitomo Mitsui Banking Corporation and Fujitsu Limited announced a partnership to explore the creation of a data analytics business, designed to empower customers with enhanced decision-making and operational efficiency.

The partnership comes 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, wholesale, and retail, want to move away from decision-making based on individual experience and promote data-driven operations to improve efficiency, and enhance management decision-making.

To meet these needs, the two companies will combine their expertise and technologies to create a data analytics business focused on solving customer challenges.

These efforts come against the backdrop of Japan’s aging population and declining birthrate which is leading to labor shortages and increased personnel costs, as well continuing corporate awareness of the importance of sustainability efforts, including efforts to reduce CO2 emissions by optimizing inventory management and minimizing waste in manufacturing.

Overview

The following initiatives will be pursued through the companies’ agreement.

1.         Planning and consideration of data analysis solutions to enhance management decision-making of customers

2.         Development of joint marketing activities for customers

3.         Demonstration experiments and service provision combining the assets and solutions of both companies

SMBC's industry knowledge and data science analysis expertise will be combined with Fujitsu's AI demand forecasting to enhance management decision-making, and support the optimization of customers' product ordering volumes, personnel allocation, and logistics planning.