We are entrepreneurs, and from another perspective, we are also people who create change.
小视科技CEO 杨帆
Recently, one of the most important events of the Global Entrepreneurship Week China Station, "GEN Talk," was held at the 2nd venue of Changyang Chuanggu in Yangpu District, Shanghai. The theme of this conference is "change". As one of the innovators, Yang Fan, CEO of Minivision Technology, was invited to attend and share his entrepreneurial and transformational stories.
Identity transformation
Yang Fan said that his transition from being a state-owned employee of a technology enterprise to becoming a founder of a technology enterprise requires execution, trade-offs, and leapfrogging. The transition from an employee to an entrepreneur is only a change in identity. However, I believe all entrepreneurs present here can understand that for me at that node, the real challenge that needs to be overcome is the psychological position transition
change in demand
The ever-changing financial market has stirred the founding team of Minivision Technology, which is a business savvy company. Based on machine learning and underlying algorithms, Minivision Technology's team began the process of financial fraud prevention in 2015, with facial features as the main ID. Combining facial recognition and big data, Minivision Technology provides customers with pre loan identity authentication and comparison services. Firstly, feature vector extraction is performed on each face, followed by corresponding loan application labels. Through facial recognition, the borrower can identify whether they are impersonating someone else's identity and whether there is a risk of multiple borrowing. Finally, combined with big data, select qualified borrowers. As scammers become more sophisticated, Minivision offers more and more countermeasures. In addition to identifying the consistency of faces, it can also distinguish whether the other person is a real person or a disguised video stream in front of the camera in a non cooperative state. With technological upgrades, Minivision Technology's customers have expanded from a few to over 1000, from China to Southeast Asia overseas, and even Europe and America. The daily number of facial calls has exceeded ten million, effectively blocking nearly ten million instances of identity impersonation fraud, and saving customers approximately 20 billion in economic losses.
Minivision Technology has made changes to its product line in response to market demand, while the market has helped technology companies like Xiaoshi, which burn money in research and development, achieve profitability in just one year.
The strategy of following the market is eternal
Some media say that in 2016, artificial intelligence was still a spark, and this year it has become the most shining technology. In the field of artificial intelligence technology, there is no developed country in China that replicates. In the comparison of the development level of artificial intelligence between China and the United States, the United States no longer has a strategic monopoly advantage. The progress made by Chinese enterprises in the commercialization of artificial intelligence is very remarkable.
The world-class technological PK war has driven the continuous development of artificial intelligence. In close combat, technology was upgraded, the market was educated, and the industry began to shuffle. This current situation also keeps us constantly vigilant: technology needs to be synchronized with world-class artificial intelligence enterprises, and products need to be synchronized with the market.
Fortunately, Minivision has stood at the starting point of the combination of artificial intelligence and big data, and has received admission tickets for artificial intelligence. The business of Minivision Technology has extended from finance to security, commercial areas, and healthcare. Face control at airports, access control in office buildings, passenger flow statistics and analysis in commercial areas, and lung nodule examinations in hospitals all include Xiaoshi's technology and products. The strategy of Minivision is becoming increasingly clear, which is to follow the market, be customer-oriented, and embrace every change. Both in terms of technology and requirements.
About Global Entrepreneurship Week
Global Entrepreneurship Week (GEW) was initiated and promoted by the UK, the US, and medium-sized countries in 2008. To date, GEW has covered approximately 170 countries, with over 10 million young entrepreneurs paying attention and participating. The Entrepreneurship Foundation (EFG) focuses on building the cohesion, influence, and innovation of the Global Entrepreneurship Week China website: As of now, the Global Entrepreneurship Week China website has been launched in 17 provinces, 123 cities, and over 160 universities nationwide; Collaborating with over 50 institutions every year, with over 120 cooperating media outlets, hosting over 100 themed entrepreneurial activities, and collecting over 20000 entrepreneurial plans; The total number of participants in the event exceeds 150000, including entrepreneurs, entrepreneurial service institutions, investment institutions, enterprises focusing on entrepreneurship, etc. Renowned politicians such as Xi Jinping and Austria have participated in various forms, jointly promoting the dissemination of entrepreneurial spirit worldwide.
