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AI & Enterprise

MegazoneCloud, Korean Re team up to expand AX in reinsurance business

MegazoneCloud said on July 23 it signed a strategic memorandum of understanding with Korean Reinsurance to accelerate AX, or AI transformation, in the reinsurance business. The companies agreed to pursue a long-term technology partnership rather than a one-off system build. They plan to cooperate on AI- and data-driven underwriting and contract review, big data-based risk prediction, companywide automation in a cloud-native environment, and new financial business models linked to global infrastructure.

AI & Enterprise

BigValue CEO Gooreum releases \'National Intelligence\' on public sector AX

Data Tech company BigValue said its CEO Gooreum co-wrote a book, \'National Intelligence\', with Hong Seung-gil, a former senior official at the Animal and Plant Quarantine Agency. The company said the book focuses on a high-pathogenic avian influenza risk prediction model built jointly by BigValue and the agency. It sets out conditions for Korea’s administration to advance from AI adoption to AX, and presents operating cases that change decision structures.

AI & Enterprise

KSTEC launches AI-based smart IDP solution to automate document processing

KSTEC, an AI and business automation company, said on Tuesday it launched a smart Intelligent Document Processing (IDP) solution to shorten and automate corporate document processing. The company said the product combines natural language processing and machine learning beyond existing RPA and OCR, enabling it to understand document context. It can find, classify and extract key data from unstructured documents such as invoices and contracts. It also supports preprocessing and LLM integration to improve extraction accuracy.