Itochu and BCG team on AI-powered business consulting in Japan

Generative AI and big data to be tapped for improving efficiency, reducing risks

20240328N Itochu BCG

Itochu and BCG are forming a consulting venture as Japanese companies look to combat labor shortages through AI-powered efficiency. (Source photos by Yuki Nakao, Yutaka Miyaguchi)

TAKEHIRO HASEGAWA, Nikkei staff writer

TOKYO -- Japanese trading house Itochu and U.S.-based Boston Consulting Group will start a joint venture that draws on generative artificial intelligence to advise companies on improving their businesses, Nikkei has learned.

Itochu will hold a majority stake and choose the president for the joint venture, to be formed next month.

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