CG Inside Co., Ltd. (CEO Park Seon-chun), a company specializing in generative AI-based laws and regulations solutions, announced on the 28th that it has registered its core product, the ‘Revised Laws and Regulations Impact Analysis AI Platform’, in the ‘Small and Medium Business Technology Market.’
The registered product is a platform that provides functions such as ▲ an interactive search service that links internal regulations, guidelines, and manuals of institutions and companies with RAG-based AI ▲ extraction of laws and regulations referenced by internal regulations, guidelines, and manuals of institutions and companies ▲ real-time monitoring of referenced laws and regulations through AI ▲ automatic analysis of the impact of enactment and revision of laws and regulations on internal regulations.
Internal regulations (work process guidelines, implementation rules, operating standards, etc.) operated by public institutions and companies are scattered across various departments, making it difficult for members to access them. In addition, most internal regulations apply laws related to work, so when laws are revised, the changes should be reflected in internal regulations to minimize confusion in the field. However, most institutions are unable to track whether laws are revised and reflect them in internal regulations due to personnel limitations. The dominant method is to review and patch up problems that arise in the field due to outdated regulations.
Taking note of these pain points (consumer inconveniences), CG Inside developed an 'AI platform for analyzing the impact of revised laws and regulations'. The platform supports all members to easily find and utilize various internal documents such as internal regulations and guidelines by linking them with AI based on search augmented generation (RAG). It can also track the entire legislative process (proposal-committee review-plenary session resolution-government transfer and promulgation, etc.) of the proposed or revised bills related to internal regulations in real time. In addition, a machine learning algorithm that predicts the possibility of passage of proposed bills with 94% accuracy has also been introduced. Through this, organizations and companies can give priority to reviewing agendas with a high probability of passage and strategically set the urgency and priority of responses.
CG Inside expects that by registering its products in the SME Technology Market, various public institutions will be able to easily adopt the AI platform, accelerate the digital transformation of internal regulation management and the introduction of artificial intelligence, and establish a foundation to proactively respond to legislative changes.
“This product, certified by the technology market, is an intelligent tool that can greatly enhance the response capabilities of public and private organizations that are sensitive to changes in laws and regulations,” said Minhyeok Cho, head of the research lab who planned this product development. “We plan to continue to launch services that can help organizations and companies save time and money through generative AI-based solutions.”
Meanwhile, CG Inside is developing and operating the generative AI platform 'iHoffer-xAI' based on massive data in the fields of law, regulation, policy, and academia. It learns from 1 billion pieces of data to provide highly reliable information without hallucinations, and users can easily search and utilize the information they want among massive legal and regulatory information. It is evaluated to have overcome the limitations of existing generative AI by providing accurate sources, and is being utilized by approximately 40 public institutions and companies.
- See more related articles
You must be logged in to post a comment.