AI Data Company Unveils AI Kongming™ on IDX for Customs
AI Data Inc., based in Minato, Tokyo and led by CEO Takahito Sasaki, has officially launched its new AI platform, AI Kongming™ on IDX tailored specifically for the customs and trade industry. This innovative solution aims to tackle the intricate challenges faced in international trade, including complex regulations, extensive documentation, and the multilingual requirements of customs operations.
The need for effective solutions becomes clear as customs operations increasingly face hurdles such as a shortage of specialized personnel, rising risks of incorrect declarations, and the growing complexity of Free Trade Agreement (FTA) compliance. To address these pressing issues, AI Kongming™ on IDX for Customs is seeking partners to expand its capabilities and improve operational efficiency.
Understanding the Complexities of Customs Operations
In the realm of international trade, businesses encounter numerous structural challenges:
- - The classification of HS codes has become more intricate, significantly increasing the risk of decision-making errors.
- - Assessing the applicability of FTAs requires considerable time and experience, often deterring companies from maximizing these benefits.
- - Handling and verifying invoices, packing lists (P/L), and other necessary documentation demands extensive labor, consuming vital resources.
- - Interaction with NACCS (Nippon Automated Cargo and Port Consolidated System) for declaration and verification processes can be inefficient due to its reliance on human expertise.
- - With many customs officers and trade personnel nearing retirement, the industry faces a critical personnel shortage.
To mitigate these issues, AI Kongming™ aims to act as a supportive AI advisor that enhances decision-making through:
- - Classification assistance based on historical data and legal standards.
- - Automation capabilities for document interpretation and preliminary application drafting.
AI Integration into Existing Operations
The design of AI Kongming™ emphasizes an integration of AI into existing customs workflows, focusing on enhancing rather than replacing human expertise. Here’s how it works:
- - Integration with NACCS and Customs Application Tools: The system accumulates crucial data such as declaration records, HS codes, cargo details, and assessment outcomes into the IDX platform.
- - Unified Data Management on IDX: It consolidates documentation and classification data using OCR and natural language processing, optimizing it for AI utilization.
- - Decision Support from AI Kongming™: Through prompts, the AI can assist with recommendations such as suggesting applicable HS codes, evaluating FTA eligibility criteria, and checking declaration documents for errors, thereby streamlining workflow.
Key Features of AI Kongming™
1.
HS Code Classification Support: The AI presents potential code candidates and aids in the selection process.
2.
OCR Capabilities for Documentation: It automatically extracts information from paper or PDF formats and transforms them for customs data usage.
3.
Drafting and Error Detection for Declarations: The AI identifies missing information, inconsistencies in amounts, and classification errors.
4.
FTA Applicability Assessment: The AI evaluates item classifications and origin details to determine if an FTA applies.
5.
Q&A Support Chatbot for Customs Officers: It answers real-time queries regarding documentation requirements and NACCS codes.
Expected Outcomes with AI Kongming™
Utilizing AI Kongming™ is projected to significantly reduce time spent on customs processes:
- - HS Code Research: Reduced from 30-60 minutes to approximately 5-10 minutes.
- - Invoice Verification: Diminished from 20 minutes to under 5 minutes.
- - FTA Eligibility Judgement Preparation: Cut from over an hour to under 20 minutes.
- - Declaration Document Checks: Streamlined from 15-30 minutes to less than 5 minutes.
A Collaborative Future for the Customs Industry
AI Kongming™ is designed to be a partner AI that complements human judgment rather than replaces it, leveraging the synergy of experience, data, and legal knowledge. By continuously integrating accumulated customs data and regulatory updates, it evolves to become an invaluable advisor tailored to each organization.
Currently, AI Data Inc. is inviting partners from the customs and trade sectors to partake in pilot programs that aim at automating and enhancing customs operations. Companies that wish to innovate and resolve personnel shortages, minimize errors, or explore AI applications in real business scenarios are encouraged to connect with us for free proof of concept trials based on their actual customs documentation and data. Together, we can address the pressing challenges within the customs and trade landscape.
For more information on the features of AI Kongming™ on IDX for Customs and potential collaboration opportunities, please visit AI Data's official website or reach out directly to explore how we can assist in transforming your customs operations.
About AI Data Inc.
AI Data Inc. was founded in April 2015 and is headquartered in the Toranomon district of Tokyo. The company specializes in data infrastructure and intellectual property management, serving over 9,000 companies and 900,000 customers. With a strong commitment to building a robust data ecosystem, AI Data has earned recognition in the market, including multiple awards for its data-related services.