Artificial Intelligence (AI) is a technology that more and more companies are turning to for the benefits it provides. According to the Industry X.0 report. Combine and Conquer from Accenture, companies that combine new technologies will be able to increase their market capitalization by up to $ 6 billion (depending on the sector), if they use smart technologies such as robotics, virtual and augmented reality or blockchain.
Based on this premise, the so-called Fourth Industrial Revolution is pushing companies to increase their investments in the field of AI and to propose organizational changes as a result of it.
The market aims to be so large that several economic powers have placed themselves in the race for AI development: in July 2017, China published its A next generation Artificial Intelligence Development plan, with which it hopes to become the world leader in this market to 2030; The United States, on the other hand, also works together with companies such as Google, Apple and Facebook in search of consolidating itself as a leader in this industry.
Although there is a willingness and openness for the advancement of this technology, the digital transformation is not easy, as each industry requires specific products and services to optimize their daily activities. According to a study by the World Economic Forum, 88% of organizations still do not understand the relationship of AI with their line of business.
Given the need to approach this technology, we list 3 companies that will make you be a leader in your industry:
Trato is a firm that works as a tool in the cloud to facilitate the process of creating and managing smart contracts. In this way you can not only sign your documents remotely and instantly, you can also see the entire process of monitoring what happens to the documents so that there are no violations of the agreement.
Through the use of technologies such as blockchain, AI and big data, smart contracts are synonymous with security since errors in their transactions are null, the execution process is decentralized, blocking any possible change. In addition to this, its implementation reduces the need to resort to intermediaries (banks, notaries, lawyers) to 70% and therefore reduces costs.
Trato currently has companies such as Samsung, Estafeta, Rappi, Cabify among its clients.
NDS Cognitive Labs
NDS Cognitive Labs is a national and international market leader in the development, implementation and configuration of cognitive technology services. They specialize in helping companies in their digital transformation process with cognitive computing solutions, delivering specialized and tailored technological solutions.
Among its services are the implementation of chatbots, cognitive geostatistics, cognitive risk, WhatsApp for companies and support for taking advantage of the corporate G-suite.
NDS maintains alliances with Google, IBM and Microsoft, which speaks to the scope of its work in an industry where the consumer relationship with AI is increasingly common; in fact, according to a study by the Forrester firm, one in three users interacts with a chatbot at least once a week and by 2022 this technology is expected to account for 85% of interactions with customers within companies.
Ecommerce came to compete and complement the retail industry. In Mexico, during 2018 the number of online sales increased 38%, according to the Mexican Online Sales Association (AMVO). However, operations with credit or debit cards are increasingly susceptible to fraud; in fact, complaints for this type of crime grew 35% in the first half of this year, compared to the same period in 2018, according to data from Condusef.
Given this, Bayonet specializes in detecting and avoiding fraud attempts in credit or debit card transactions. The company employs AI and machine learning technology that works as a filter before a transaction takes place. Through its API (Application Programming Interface) it uses five times less resources of time and money compared to other tools to combat this type of criminal attempts.
So far this year alone, the Mexican firm has managed to save more than 100 million pesos in e-commerce transactions on suspicion of fraud, in an industry that records losses of $ 20 billion globally due to some form of online fraud.