CODIT has secured a U.S. patent for its AI-based legislative analysis technology, enhancing global business support in navigating regulations. The patented method manages extensive legislative data and automates policy insights, aiding strategic decision-making. CEO Jeong Ji-eun emphasizes the company’s commitment to innovation and collaboration with academic institutions to further enhance regulatory understanding.
CODIT, a startup specializing in AI-driven monitoring of legal frameworks, has secured a pivotal U.S. patent for its innovative legislative analysis technology. This achievement aims to enhance support for businesses worldwide as they navigate the shifting global regulatory landscape. Released on the 13th, the patent details a system designed to efficiently handle extensive legislative data and furnish real-time policy insights, empowering companies to make informed strategic decisions.
The essence of CODIT’s technology lies in its ability to automate the provision of legal and policy data essential for organizations. By integrating various sources like bills and reports, it enhances policy analysis and legal research through advanced search optimization algorithms. Furthermore, it utilizes natural language processing (NLP) and logical operations to tailor data specifically for diverse industries.
With its patent, CODIT is set to automate policy trend analysis and bolster compliance monitoring, making it invaluable for sectors facing rapid regulatory changes, particularly in healthcare and ESG areas. The platform also emphasizes risk management capabilities to help companies proactively adjust to evolving regulations.
Looking ahead, CODIT seeks to collaborate more closely with U.S.-based think tanks and academic institutions. Its Global Policy Demonstration Institute, which includes policy experts, will analyze legislative data from previous National Assembly sessions to support robust research and policy reporting efforts. Any redistribution of this data without consent is strictly prohibited.
Jeong Ji-eun, CEO of CODIT, expressed optimism about the patent, stating, “This U.S. patent registration is an achievement that Codit technology has officially been recognized in the U.S. and other global markets.” He emphasized CODIT’s commitment to continuous innovation using AI and big data to mitigate risks associated with rapid changes in global policies, such as platform laws and digital taxes.
With a rich background as a former OECD official, Jeong founded CODIT in 2020 to streamline legal and regulatory data processing. The platform aggregates over a billion data points to swiftly identify regulatory trends and offers real-time notifications to help businesses adapt to changing regulations. Recently, CODIT also released a paper addressing impeachment reports, ESG regulations, and the political outlook for 2025, highlighting its commitment to providing crucial insights for companies.
CODIT’s recent U.S. patent marks a significant milestone for the startup, positioning it to revolutionize legislative analysis through AI technology. By automating policy trend analysis and enhancing compliance monitoring, CODIT empowers businesses to navigate the complexities of the global regulatory landscape. With plans for increased collaboration with U.S. institutions, CODIT is set to provide critical insights, further solidifying its role as a leader in regulatory technology and data-driven policy solutions.
Original Source: www.mk.co.kr
