“A.I. Boost for B2B2C Players:
New Technology by MyFinB Utilises RoboAdvisors to Shake Up Logistics and E-commerce Market”
Jakarta, Indonesia, 27 January 2018 – A.I and Natural Language specialist, MyFinB, has developed a solution to transform millions of logistics and e-commerce data into predictive market research insights – catered for manufacturers, resellers, merchants and even financial institutions. This is part of a long term agreement and strategic partnership entered with PT Ark Ekspress which manages clients such as Lazada, Tokopedia, Akulaku.com, and Blibli.com.
The global market size of the e-commerce, logistics, and supply chain management industry are estimated at USD$1.915 trillion, USD$8.1 trillion and USD$13 billion respectively. The compound annual growth rate (CAGR) follows at 9.9%, 6.54%, and 11% between 2017 and 2022.
Called the Augmented Market Insights (AMI), it is a form of RoboAdvisor that helps marketeers, operations, product strategies and finance departments make smarter, quicker and more effective decisions that directly impacts topline and bottomline results.
“Using our proprietary technology, we are able to translate real-time, transacted logistics and e-commerce data into meaningful and narrative insights automatically, instead of manual-based studies based on surveys and historical data. We minimise human errors and lag time in a market where speed and timing are of essence. We are also able to track the effectiveness of product launches and strategies, before and post campaigns”, commented Nazri, CEO and founder of MyFinB.
According to Rahim, CEO of PT Ark Logistics & Transportation, “Common pain points in the supply chain include getting total visibility of production, storage, and movement of materials. The rapid increase in business data showcases the benefits of data mining which can identify patterns and relationships, increase forecasting accuracy, and meaningful synthesis of business data. ARK plans to continue investing in logistics technology by collaborating across the supply chain and sharing information to achieve dramatic reductions in inventories and costs, together with improvements in speed, service levels, and customer satisfaction”.
The signing was held today at the Andaz Hotel with ARK CEO, and AMI is expected to be made available in the marketplace in March 2018, starting in Indonesia before being marketed to the rest of the Asian region.
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MyFinB sets out the vision of helping more than 100m businesses worldwide make sense of their financial statements using its proprietary Artificial Intelligence (AI) and Natural Language Generator (NLG) engines. With regional headquarters in Singapore, Malaysia and UK, it serves four segments (financial institutions, accounting and consultancy firms, government agencies and enterprises) globally – and help them achieve higher productivity, lowered risks and better shareholder value.
For more details, please visit www.MyFinB.com and email: corpcomms@MyFinB.com.