AI Estimation Tool for Event Industry "Dandori AI" Begins Pilot Experiment with Odakyu Agency Promotion Department

Sincere Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Shengbo Xu) is pleased to announce the commencement of a pilot experiment for "Dandori AI," an AI estimation agent for the event industry, with the Promotion Department of Odakyu Agency Co., Ltd.

This initiative aims to achieve further sophistication and productivity improvement in estimation and procurement operations, building upon the execution capabilities and expertise of Odakyu Agency's Promotion Department, which handles numerous diverse and large-scale event projects.

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Background

Estimation work in event production is a highly advanced and specialized task involving collaboration with numerous vendors. It requires meeting widely varying requirements for each project, with the number of items in an estimate ranging from dozens to hundreds. Especially for companies like Odakyu Agency, which continuously handles large-scale and diverse projects, high-quality estimation and operation have been achieved through extensive past achievements and on-site capabilities.

However, with the increasing sophistication and complexity of projects, there is room for evolution in the following areas:

- Streamlining the estimation creation process and shortening lead times - Improving reproducibility through cross-sectional utilization of past project data - Optimizing vendor estimation management and comparison processes - Enhancing organizational decision-making through knowledge sharing and assetization

Against this backdrop, efforts to advance operations using data and AI are progressing.

Overview of the Pilot Experiment

In this pilot experiment, Dandori AI will be test-introduced into the actual operations of Odakyu Agency's Promotion Department, and verification will be conducted from the following perspectives:

- Reduction rate of estimation creation man-hours - Estimation accuracy and operational suitability - Enhancement of decision-making through data utilization

The pilot period is expected to be approximately three months, during which functional improvements will be made through actual operations, and consideration for full-scale implementation will proceed.

Comments

Odakyu Agency Co., Ltd. Mr. Ohara, Senior Manager, Promotion Department

"Our company has consistently executed a series of tasks, including estimation creation and vendor coordination, with high accuracy while responding to various event projects. These operations are a source of our competitiveness, and we are continuously striving for improvement.

In this pilot experiment, by utilizing Dandori AI, we expect the possibility of further enhancing operational efficiency and reproducibility while more effectively leveraging the knowledge we have accumulated. We aim to explore new ways of working through verification in actual operations."

Sincere Inc. Shengbo Xu, President and CEO

"Odakyu Agency is an industry-leading company that executes diverse and large-scale projects with high quality, and we believe their execution capabilities and expertise are important assets for the entire industry.

In this pilot experiment, based on such advanced operational processes, we will verify whether further efficiency and sophistication can be achieved by utilizing AI and data. We aim to refine the product by deeply engaging with actual operations and realize its practical application in a form that fits the industry."

About Dandori AI

Dandori AI is a product that realizes the sophistication of estimation and procurement operations through the collaboration of AI, data, and people.

- Automatically generates rough estimates based on business negotiation records and RFPs - Centralizes the acquisition, comparison, and management of external vendor estimates - Automates the transcription of estimates using AI - Databases past projects and unit price information, making it searchable

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Company Profile

Company Name: Sincere Inc. Location: 7-18-13 Roppongi, Minato-ku, Tokyo Representative: Shengbo Xu, President and CEO Established: June 2020