Aioi Nissay Dowa Insurance Co., Ltd. starts using VELDT's causal AI solution "xCausal" for new business development

VELDT Inc.(Head Office: Shibuya-ku, Tokyo; CEO: Jin Nonogami, Herenafter: VELDT) provides Aioi Nissay Dowa Insurance Co., Ltd. (CEO: Keisuke Niiro, Herenafter: Aioi Nissay Dowa Insurance) with xCausal, which can be used in a wide range of areas where causal solutions are needed. Aioi Nissay Dowa Insurance introduced xCausal in its new business development efforts and conducted new business development ideation in collaboration with VELDT.

Unlike general AI that derives correlations, xCausal is a reliable AI that people can understand and use by adding an understanding of causal relationships, such as "Why and how are the results generated and what can be improved to get better result ?".

At Aioi Nissay Dowa Insurance, xCausal is being introduced to orientate business development with intelligent AI that understands causal relationships in solving customer issues. For example, many companies are faced with the problems that various kinds of know-how are dependent on specific people and not passed on. By using xCausal, we can visualize "tacit knowledge" regarding know-how as a causal model, and by converting it into software, we can provide new value that realizes the accumulation and inheritance of know-how.

Various business entities that are promoting DX can "visualise" correlations using data, but there are weaknesses, such as the presentation of spurious correlations that have no actual relationship, which do not lead to "action" to improve the results. In addition, many companies face the problem of not being able to pass on the know-how of their experienced engineers and managers, who have accumulated causal models as tacit knowledge, when they retire. In response to these issues, VELDT not only provides xCausal, but also supports new business development in companies through workshops and professional services.

Asami Sagawa, Head of Planning Group, Digital Business Design Department, Aioi Nissay Dowa Insurance
The CSV x DX concept we uphold means creating new value together with customers and society by utilising data and digital technology. With natural disasters becoming more severe and unexpected risks becoming more apparent, we believe that there is a need not only for insurance, but also for services that contribute to the prevention of various risks, mitigation of damage and early economic recovery in the event of an emergency. We have recently decided to introduce xCausal into a demonstration test for accident prevention targeting professional drivers. By discovering a new cause-and-effect model for accidents through the demonstration, we expect to be able to create new businesses, not only in risk management, but also in the development of solutions that will contribute to improving corporate productivity.

■About xCausal
Website: https://xcausal.com/en

xCausal is an easy-to-use, SaaS-type Causal AI (causation-based AI) platform that can be used by uploading data. With the Professional Services, xCausal can be customised for various usage. xCausal recommends data that is strongly related to the outcome you want to improve based on the conditions of the causal relationship, and models the structure of the causal relationship in a few tens of seconds at the shortest (Causal discovery) Furthermore, the causal effect can be simulated by hypothetically changing the variables that are considered to be the cause and how the results change (Causal inference). After confirming the causal relationship, the effects can be viewed, leading to an understanding of the cause and a decision on the action to be taken.

■xCausal services menu
xCausal for Wellness & Healthcare
A SaaS-type Causal AI (AI that understands and uses causal relationships) service that can be used immediately by uploading data. There is the "Basic version" with a dashboard for healthcare and Basic functions, and the "Advanced version" with advanced features such as robustness assessment, selection of causal search algorithms and stratification functions.

xCausal for Business & Marketing
This is a SaaS-type Causal AI (AI that understands and uses causal relationships) service for customised use. It is based on prepared causal discovery and causal inference functionality and is customised by Professional Services for a variety of industries and applications.

xCausal Professional Services
Professional services tailored to customer needs, including consulting services, customization and data analysis based on xCausal.

■About VELDT Inc.

VELDT is a data science company based in Tokyo that develops data analysis technologies for the real world and society. While technological innovations such as the Internet and AI have brought us convenience, people today face new social and environmental issues as side effects. VELDT's mission is to create a positive spiral for human society and the global environment by innovating the way we interact with technology, rather than simply innovating technology.

Representative: CEO Jin Nonogami
Head Office: Jingumae 5-18-10 2-D, Shibuya-ku, Tokyo
Establish Date: 2012/8/1
URL: https://veldt.jp/