Sullivan awarded Minivision Technology the "Outstanding Innovation Award for AI Big Data Market in China"
Based on research and evaluation of the artificial intelligence big data market, Frost Sullivan (hereinafter referred to as "Sullivan"), a globally renowned growth consulting company, has awarded Nanjing Zhenshi Intelligent Technology Co., Ltd. and its operating brand Minivision Technology the "Outstanding Innovation Award for AI Big Data Market in China" Mr. Wang Chenhui, Managing Director of Sullivan, presented the award to Mr. Yang Fan, CEO of Minivision Technology. This award is to recognize the company's continuous innovation and brave practice in the artificial intelligence big data business model, as well as its unremitting efforts and outstanding contributions in promoting the overall industry development.
Cross integration of artificial intelligence and big data, deep service for multiple scenarios
Artificial intelligence is widely used, covering fields such as finance, education, national defense, and counter-terrorism. Artificial intelligence technology first achieves data collection and accumulation through various sensors, including biometric recognition, and then utilizes computer technology to achieve value, integrating into the security, monitoring, management and other information systems of enterprises or government departments, promoting the implementation of automated management and improving work efficiency. Artificial intelligence big data technology provides customers with comprehensive user screening services through the integration of comprehensive information, reduces customer risks, and further promotes the healthy and orderly development of various industries, especially the financial industry. With the collaboration of big data, artificial intelligence has deeply integrated with various industries, creating great social and commercial value, and giving birth to the era of artificial intelligence.
According to Sullivan's industry research report, as of the end of 2016, the global scale of venture capital in the field of artificial intelligence has exceeded $4.2 billion, and it is expected to maintain a high-speed growth trend in the future. In China, the field of artificial intelligence is in an explosive growth stage, and with the development of the big data industry, the development space of the Chinese artificial intelligence market is expected to further extend. In 2016, the size of China's artificial intelligence market has grown to 25.63 billion yuan, and it is expected to reach 69.58 billion yuan in 2021, with an annual compound growth rate of 22.1%. At the same time, the research and development of artificial intelligence technology has also experienced rapid development in China, with increasing market attention. In 2016, the cumulative number of artificial intelligence patent applications in China reached 15745, ranking second globally.
The rapid development of big data and cloud platforms not only promotes the rapid development of internet finance, but also exacerbates the risk of fraud in the internet market. At present, fraud is relatively common in the internet financial services market. Minivision Technology has absorbed the advantages of professional big data analysis and mining, as well as multi-dimensional association technology, and has established various comprehensive anti fraud strategies. In order to better help customers reduce fraud risks, Minivision Technology has taken the lead in laying out AI 2.0 and launched a product line with four sets of engines on the platform, which relies on the artificial intelligence big data platform to provide pre loan anti fraud, big data modeling, credit rating, intelligent search engine and other services. Before the loan, Minivision uses an anti fraud engine based on facial recognition to lock in borrowers, eliminate non-performing groups such as long borrowers and wool party members, and build a user credit profile for non banking systems. At the same time, credit rating and quantitative risk index will be conducted on borrowers.
Tightly integrating technology with practical applications, Xiaoshi expands into the international market
In the field of vertical segmentation of artificial intelligence, international enterprises started their development earlier, while domestic manufacturers developed later but have enormous potential. Minivision Technology, positioned as an artificial intelligence big data service provider, is based on cutting-edge technology and driven by emerging business forms, striving to establish the global influence of Chinese brands in the global artificial intelligence market.
By closely combining technological means with potential application scenarios, Minivision Technology has developed rapidly and its core competitiveness has become increasingly prominent. It has received strong support from various government agencies, including the Nanjing State owned Assets Supervision and Administration Commission, and has successively received strategic investments from Fortune 500 consortia, international frontline investment banks, and other institutions. Minivision Technology has a large and authoritative team of technical experts, supported by artificial intelligence and machine learning algorithms. Based on massive data from the Internet, it has successively launched risk warning, credit evaluation, and other services for various fields such as banking, consumer finance, insurance, marriage, and car rental. So far, Minivision Technology has signed more than 1000 customers. Its business layout extends from Chinese Mainland to overseas. It has initially completed the business layout of the Belt and Road countries, and is actively promoting AI products to Japan, Europe and the United States.
About Sullivan's Outstanding Innovation Award
The Sullivan Excellence in Innovation Award is a recognition of the outstanding performance and achievements of enterprises in technological innovation, business model innovation, and product innovation. Nanjing Zhenshi Intelligent Technology Co., Ltd. and its operating brand Minivision Technology, with their unique market positioning and decisive and brave market practices, stand out in the Chinese artificial intelligence big data market, improving service efficiency in the artificial intelligence market, and creating a one-stop service model for user screening in the era of artificial intelligence big data. This has pioneering significance for the innovation of business models in this field. Sullivan has decided to award Nanjing Zhenshi Intelligent Technology Co., Ltd. and its operating brand Minivision Technology the "Outstanding Innovation Award for AI Big Data Market in China" after strict evaluation and comprehensive consideration of four major indicators: market position, growth potential, product characteristics, and competitive advantage.
All commercial activities conducted by Frost Sullivan use the trade name and trademark of "Frost Sullivan" or "Frost&Sullivan". Frost Sullivan does not have any other branch outside of the aforementioned name, nor does it authorize or hire any other third party to represent Frost Sullivan in commercial activities.
Frost & Sullivan only uses the trademark and trade name of “Frost & Sullivan” in its all business activities. Frost & Sullivan does NOT own any subsidiary, branch, or affiliate with a name which is NOT “Frost & Sullivan”; Frost & Sullivan NEVER authorizes or engages any third party to conduct any business activities on behalf of Frost & Sullivan.
