Mitsui & Co.,ltd · TSE:8031
Mitsui & Co.,ltd — Investor Day (2020)
22 slides from Mitsui & Co.,ltd's investor day presentation, 2020
Slide 1: DX Comprehensive Strategy
DX Comprehensive Strategy Integrated Digital Strategy Div. Yuji Mano Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED.
Slide 2: Contents
Contents 1. DX Comprehensive Strategy 2. DX Business Strategy Vision 3. DD Management Strategy Vision 4. DX HR 5. Driving DX Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED. 2
Slide 3: What is Digital Transformation at Mitsui?
1. DX Comprehensive Strategy What is Digital Transformation at Mitsui? An improvement in productivity and sales, the transformation and/or creation of business models, and the creation of value as a means to improve profitability through the utilization of digital technologies and improvements in OT
Slide 4: Background to Mitsui's Digital Transformation (DX)
1. DX Comprehensive Strategy Background to Mitsui’s Digital Transformation (DX) Date Business Unit DX Corporate DX May 2017 Appointment of CDO (Chief Digital Officer) January 2018 Establishment of d.space (GT Building) Creation of full-time Digital Transformation February 2018 Team (around 20 people
Slide 5: Two initiatives in Mitsui's DX comprehensive strategy
1. DX Comprehensive Strategy Two initiatives in Mitsui’s DX comprehensive strategy Parent company Affiliated companies Offensive Business unit DX ① DX business strategies ・Medical information platform DX • Construction platform ・Credit scoring New business ・Optimizing vessel operations creation (T)
Slide 6: Business Transformation & Innovation with Digital
1. DX Comprehensive Strategy Outline of vision for Mitsui’s DX Comprehensive Strategy Business Transformation & Innovation with Digital DX Business Strategy DD Management Strategy – Mitsui is People and Data – Real (Operational Technology) x DX Faster, more accurate decision making with data Inde
Slide 7: Business Model
2. DX Business Strategy Vision Two directions… DX Framew ork Medium-term Management Plan 2023 Transform and Grow New T Thoroughly Challenge of Strengthen business implement and new business management capabilities Business Model opportunities achieve S1/S2 × ( short-to medium-term) for strengthening
Slide 8: Six Key Strategic Areas
2. DX Business Strategy Vision Six Key Strategic Areas Strengthen business Contribution to management capabilities Strategic Focus Medium-term Management Strengthen profitability of core businesses Take on challenges in new businesses Plan 2023 Personal strategy Thoroughly Implement S1/S2 Implement
Slide 9: Basic policy on the use of data
3. DD Management Strategy Vision Data producer Data user External Affiliated • Maximize existing data information companies utilization by accessing it Related system yourself when needed—doing Initiatively Incorporate away with the need for reports number, image, and text data as well as external d
Slide 10: DX HR (DX Comprehensive Strategy Commonalities)
4. DX HR (DX Comprehensive Strategy Commonalities) ◆Business × digital skill map ◆Type of human resources who is responsible for DX High a Business Professionals a Those who possess industry OT (knowledge, skills, and experience) Level of Business professionals Organizational affiliation : Busin
Slide 11: Driving DX: d.space
5. Driving DX: d.space Office spaces where specialist personnel who implement DX-related activities and carry out research are stationed. They function as company-wide contact points for DX-related advice and are also used as normal meeting spaces A new d-space area has been established in the “
Slide 12: Digital twin / MODEC
Appendix: Mitsui & Co. DX Activities Key strategic area ❶ Digital twin / MODEC Adopted for FPSO (floating production, storage & offloading) systems used in MODEC’s offshore mining development project in Brazil. The project has succeeded in reducing down-time immediately after the start of operat
Slide 13: Fintech / Credit scoring
Appendix: Mitsui & Co. DX Activities Key strategic area ❶ Fintech / Credit scoring Having obtained excellent results from a trial advanced analysis using accumulated data at Bussan Auto Finance (BAF) Indonesia, Mitsui & Co. established Global AI Innovations Laboratory (GAILABO) as a joint venture
Slide 14: Shipping operations optimization
Appendix: Mitsui & Co. DX Activities Key strategic area ❶ Shipping operations optimization The IT & Communication Business Unit has invested and participated in AI Fund, which was established by Professor Andrew Ng, an international authority on AI. Using data from past voyages and data collecte
Slide 15: Using AI to analyze subsurface structures
Appendix: Mitsui & Co. DX Activities Key strategic area ❶ Using AI to analyze subsurface structures Together with Preferred Networks, Inc., Mitsui & Co. established a new joint venture to develop and commercialize AI solutions for sub-surface structure analysis based on deep-learning technology.
Slide 16: Construction platform
Appendix: Mitsui & Co. DX Activities Key strategic area ❶ Provided a data platform for use in the construction machinery industry. Construction platform The platform provides information to fuel supply operators serving hydraulic shovels and other construction machinery. The roll-out of the fu
Slide 17: D2C product development
Appendix: Mitsui & Co. DX Activities Key strategic area ❸ D2C product development The AI analyses social media and the internet to identify future Through D2C e-commerce sales, Mitsui implements PDCA consumer trends and enables swift progress from concept cycles while simultaneously obtaining hi
Slide 18: AI-based cancer diagnostics
Appendix: Mitsui & Co. DX Activities Key strategic area ❺ AI-based cancer diagnostics In November 2018, HS Business Unit staff led the establishment of Preferred Medicine in Silicon Valley as a joint venture with Preferred Networks (PFN), a leading AI company in which the ICT Business Unit has inv
Slide 19: Dynamic pricing
Appendix: Mitsui & Co. DX Activities Key strategic area ❺ Dynamic pricing By using big data and AI for demand forecasts, prices are automatically adjusted, which has led to increased total ticket sales. Dynamic Plus was established in June 2018 with Yahoo!, Pia, and Avex as shareholders. Sales T
Slide 20: Real estate STO
Appendix: Mitsui & Co. DX Activities Key strategic area ❺ Real estate STO * STO =Security Token Offering Mitsui & Co. Digital Asset Management (Co., Ltd.) Established 04/01/2020 Established on April 1, 2020 in partnership with Location Chuo-ku, Tokyo LayerX—a company with a comprehensive digital Bus
Slide 21: Business creation platform
Appendix: Mitsui & Co. DX Activities Key strategic area ❻ × Business creation platform DX Strategy Moon Creative Lab, based in the U.S. and Japan, was established in August 2018. Looks for creative ideas from its global staff based on the idea that “business is the birthplace of new ideas.” In
Slide 22: DD management: improving affiliate monthly reports
Appendix: Mitsui & Co. DX Activities DD management Initiatives to improve the monthly reports of affiliate companies Before After ・Different formats used at different affiliates ・Information displayed in the same forms across companies after ・Difficult to make comparisons between centralized managem