18 Websites With AI Technology That Really Helps Everyday Work

18 Websites With AI Technology That Really Helps Everyday Work

Nesianetwork    Maret 04, 2024    Comment   

Nesianetwork.id - Artificial Intelligence (AI) is a field of computer science devoted to solving cognitive problems generally associated with human intelligence, such as learning, problem solving, and pattern recognition.

AI technology is not only used for serious things, but also fun things and really helps our daily lives.

Job automation, algorithmic bias, and technological developments are the first thoughts that come to our mind when we think of Artificial Intelligence. But at the same time, AI can be used in many fun and exciting ways.

We quote from the Medium.com page below, we present 16 websites with AI technology that really help with daily work.

1. Namelix (http://namelix.com)

Generate your business name with Namelix. Often we spend too long coming up with a name for a new project or business.

2. LetsEnhance (http://letsenhance.io)

Enhance your photos with Let's Enhance. Have a grainy or too small image? try using this website.

3. OpenAI (https://openai.com)

OpenAI is an artificial intelligence (AI) research laboratory consisting of the non-profit company OpenAI LP and its parent company, OpenAI Inc. non-profit.

4. Magic Eraser (http://Magiceraser.io)

With Magic Eraser we can edit photos. For example, if you have experienced a good photo but there is something disturbing in the background, this website can help.

5. Craiyon (http://Craiyon.com)

This website can create images from words with Craiyon, please try it.

6. Rytr (http://Rytr.me)

7. Thing Translator (http://thing-translator.appspot.com)

Identify objects from photos with Thing Translator. On holiday and don't know the word for an item? Take a photo to find out.

8. AutoDraw (http://autodraw.com)

Create better drawings with Autodraw.

9. This person does not exist (http://thispersondoesnotexist.com)

Find people who are not people. Need to use copyright-free images of people?

10. Fontjoy (http://fontjoy.com)

Come up with great font combos with Fontjoy. If you are not a designer, it is difficult to choose a good font this web will be very helpful.

11. Talk to Books (https://books.google.com/talktobooks/)

Use all the wisdom in the book with Talk To Books. Submit your questions to the collective wisdom of >100,000 books.

12. OpenAI (https://openai.com)

OpenAI is an artificial intelligence (AI) research laboratory consisting of the non-profit company OpenAI LP and its parent company, OpenAI Inc. non-profit.

The company, which is considered a competitor of DeepMind, conducts research in the field of AI with the stated aim of promoting and developing friendly AI in a way that benefits humanity as a whole.

The organization was founded in San Francisco in late 2015 by Elon Musk, Sam Altman and others, who collectively pledged US$1 billion. Musk stepped down from the board in February 2018 but remains a donor. In 2019, OpenAI LP received a US$1 billion investment from Microsoft.

13. Chat GPT

ChatGPT is software in the form of a generative language model that uses transformer technology to predict the probability of the next sentence or word in a conversation or text command.

14. Copy.ai

for copywriters

13. Jadbio.com

For automated machine learning

14. Lumen5.com

for video creators

15. Lalal.ai

for audio stem splitter

16. anthiago.com (https://anthiago.com)

Transkrip video online 

17. iLovePDF  (https://www.ilovepdf.com)

The iLovePDF Web version provides all the tools you need to edit, convert, organize, merge and compress PDF files easily over the internet. You can access them all directly at ilovepdf.com.

18. hotpot.ai  (https://hotpot.ai/remove-background)

Remove the background from images with AI in seconds. Our AI is designed to recognize products and people, automatically erasing the background. Hotpot helps e-commerce companies, marketing agencies, and other organizations automate background removal.

That's all Nesianetwork friends, our post this time is about 15 websites with AI technology that really help with daily work. Hope it's useful see you.

Author:

Nandar

Investree, Revolutionizing Lending in Indonesia

Investree, Revolutionizing Lending in Indonesia

Nesianetwork    Maret 03, 2024    Comment   

Nesianetwork.id - In the ever-evolving landscape of financial technology (fintech), startups like Investree are transforming traditional lending models, particularly in emerging markets such as Indonesia. Established in 2016, Investree has swiftly emerged as a prominent player in Indonesia's fintech scene, offering innovative lending solutions to individuals and businesses alike. This article explores Investree's journey, its impact on Indonesia's financial ecosystem, and the potential risks associated with lending startups like Investree.

Investree was founded with a mission to democratize access to finance by providing efficient and inclusive lending solutions. Leveraging technology, Investree connects borrowers with lenders through its online platform, facilitating peer-to-peer lending as well as business-to-business lending. This approach not only streamlines the borrowing process but also opens up new avenues for investors to diversify their portfolios and earn attractive returns.

One of Investree's key strengths lies in its commitment to leveraging data analytics and artificial intelligence to assess creditworthiness accurately. By analyzing various data points, including financial records, transaction history, and behavioral patterns, Investree can evaluate the risk profile of potential borrowers more effectively. This data-driven approach enables Investree to extend credit to individuals and businesses that may have been overlooked or underserved by traditional financial institutions.

Investree's innovative lending model has had a profound impact on Indonesia's financial landscape. By providing accessible and affordable credit options, Investree empowers individuals and small businesses to pursue their goals and fuel economic growth. Small and medium enterprises (SMEs), in particular, benefit from Investree's flexible financing solutions, which enable them to expand operations, invest in technology, and create employment opportunities.

Moreover, Investree's emphasis on transparency and risk management helps build trust among borrowers and investors alike. Through its online platform, Investree provides transparent information about loan terms, interest rates, and repayment schedules, fostering a transparent and accountable lending environment. This transparency not only attracts investors seeking reliable investment opportunities but also instills confidence in borrowers regarding the fairness of the lending process.

Despite its many advantages, Investree and similar lending startups are not without risks. One of the primary concerns is the potential for defaults, wherein borrowers fail to repay their loans. While Investree employs robust risk assessment techniques to mitigate this risk, economic downturns, unforeseen events, or systemic issues could still lead to an increase in defaults.

To address this challenge, Investree employs a multi-faceted risk management approach, which includes diversifying loan portfolios, implementing stringent underwriting criteria, and continuously monitoring borrower performance. Additionally, Investree has established contingency funds to absorb potential losses and protect investor interests in the event of defaults.

Furthermore, regulatory scrutiny and compliance remain critical factors for Investree's sustainability and growth. As the fintech industry continues to evolve, regulatory frameworks may evolve as well, requiring Investree to adapt its operations and practices accordingly to ensure compliance and maintain trust with stakeholders.

Investree's journey exemplifies the transformative potential of fintech in reshaping traditional lending practices and fostering financial inclusion. By leveraging technology and data analytics, Investree has revolutionized the way individuals and businesses access credit in Indonesia, unlocking new opportunities for economic empowerment and growth.

While the potential for defaults poses a significant risk, Investree's proactive risk management strategies and commitment to transparency position it well to navigate challenges and continue driving positive change in Indonesia's financial landscape. As Investree continues to innovate and expand its reach, its impact on financial inclusion and economic development is poised to grow, making it a key player in Indonesia's fintech revolution.

The Rise and Fall of Peer-to-Peer Lending Startups: Understanding the Bankruptcy Trend

Peer-to-peer (P2P) lending, once hailed as a revolutionary financial innovation, has experienced a wave of bankruptcies among startups in recent years. While the concept of P2P lending promised to democratize finance by connecting borrowers directly with lenders, the reality has been far from the initial hype. Several factors have contributed to the downfall of many P2P lending startups, shedding light on the challenges inherent in the industry.

Regulatory Challenges

One of the primary reasons behind the bankruptcy trend is the stringent regulatory environment. P2P lending platforms operate in a complex regulatory landscape, with each jurisdiction imposing its own set of rules and requirements. Compliance costs can be exorbitant, especially for startups with limited resources. Additionally, regulatory uncertainty can hinder innovation and expansion, leading to a loss of competitive advantage.

Risk Management Issues

Another crucial factor contributing to the bankruptcy of P2P lending startups is inadequate risk management practices. Many platforms underestimated the risks associated with lending money to borrowers with limited credit histories or unstable financial situations. As a result, loan defaults and delinquencies soared, leading to significant losses for both lenders and platforms. In some cases, fraudulent activities further exacerbated the situation, eroding trust and credibility within the ecosystem.

Market Saturation and Competition

The P2P lending market has become increasingly saturated, with numerous platforms vying for market share. Intense competition has driven down interest rates and squeezed profit margins, making it challenging for startups to achieve sustainable growth. Moreover, established financial institutions and alternative lending platforms have entered the fray, further intensifying competition and eroding the competitive advantage of early entrants.

Lack of Scalability

Many P2P lending startups struggled to achieve scalability due to inherent limitations in their business models. Building a critical mass of borrowers and lenders is essential for sustaining operations and generating sufficient revenue. However, attracting and retaining users proved to be a significant challenge for startups, especially in highly competitive markets. Without adequate scale, startups found it difficult to cover operating expenses and achieve profitability, ultimately leading to bankruptcy.

Market Volatility and Economic Downturns

The volatility of financial markets and economic downturns have also played a role in the bankruptcy of P2P lending startups. During periods of economic uncertainty, investors become more risk-averse, leading to a decrease in demand for P2P loans. Additionally, rising unemployment and declining consumer spending can increase the likelihood of loan defaults, further exacerbating the financial woes of P2P lending platforms.

The bankruptcy trend among P2P lending startups underscores the challenges and risks inherent in the industry. While the concept of P2P lending holds promise, startups must navigate a complex regulatory environment, implement robust risk management practices, and differentiate themselves in a crowded market to succeed. Moreover, achieving scalability and resilience to market volatility are crucial for long-term survival. Only those platforms that can adapt to changing conditions and effectively address these challenges will thrive in the dynamic landscape of P2P lending.

Vidio A Success Story from Indonesia's Startup Scene

Vidio A Success Story from Indonesia's Startup Scene

Nesianetwork    Februari 29, 2024    Comment   

 

Nesianetwork.id - In the bustling landscape of Indonesia's startup ecosystem, Vidio has emerged as a shining example of success. Founded in 2014 by CEO Dimas Surya Yaputra, Vidio has rapidly grown to become one of the leading streaming platforms in Southeast Asia, offering a wide array of content ranging from local shows to international blockbusters. So, what exactly led to Vidio's remarkable journey to success?

Identifying a Gap in the Market, Vidio capitalized on the growing demand for online streaming services in Indonesia. Recognizing the lack of a comprehensive platform offering both local and international content, Vidio positioned itself as the go-to destination for Indonesian viewers.

Diverse Content Catalog, One of Vidio's key strategies was its focus on providing diverse content catering to the preferences of Indonesian audiences. From movies and TV shows to live sports events and original productions, Vidio ensured there was something for everyone.

Strategic Partnerships, Vidio forged strategic partnerships with local content creators, production houses, and international distributors to enrich its content library. These partnerships allowed Vidio to offer exclusive access to popular Indonesian shows and movies, giving it a competitive edge in the market.

User-Centric Approach, Vidio prioritized user experience, offering a seamless and intuitive platform accessible via web and mobile devices. Features such as personalized recommendations, offline viewing, and multiple payment options further enhanced the user experience, driving customer satisfaction and loyalty.

Embracing Technology, Vidio embraced technological advancements to stay ahead of the curve. From implementing AI-driven content recommendations to optimizing streaming quality for various devices and internet speeds, Vidio continuously improved its platform to meet the evolving needs of its users.

Expansion and Growth, Building on its success in Indonesia, Vidio expanded its reach beyond national borders, tapping into the broader Southeast Asian market. This expansion not only increased Vidio's user base but also diversified its revenue streams, further solidifying its position as a regional powerhouse in the streaming industry.

Adaptability and Innovation, Vidio remained agile and adaptive in a rapidly changing market environment. By constantly innovating and introducing new features, such as interactive live streaming and original content production, Vidio stayed relevant and continued to attract and retain users amidst growing competition.

Community Engagement, Vidio actively engaged with its user community through social media, feedback channels, and interactive features, fostering a sense of belonging and loyalty among its audience. This two-way communication not only strengthened Vidio's relationship with its users but also provided valuable insights for product development and content curation.

Vidio's success story is a testament to the potential of Indonesia's startup ecosystem and the vision of its founders. By identifying market gaps, embracing technology, prioritizing user experience, and fostering strategic partnerships, Vidio has not only carved a niche for itself in the highly competitive streaming industry but has also become a beacon of inspiration for aspiring startups in Indonesia and beyond. As Vidio continues to innovate and expand its footprint, it stands poised to shape the future of digital entertainment in Southeast Asia.

Journey to Success, Traveloka Indonesia's Trailblazing Startup

Journey to Success, Traveloka Indonesia's Trailblazing Startup

Nesianetwork    Februari 29, 2024    Comment   

 

Nesianetwork.id - In the bustling landscape of Southeast Asia's tech industry, Traveloka has emerged as a beacon of innovation and success. What began as a humble startup in Indonesia has now evolved into a regional powerhouse, revolutionizing the way people travel and book accommodations. Let's delve into the remarkable journey of Traveloka, tracing its origins, milestones, and the factors that have contributed to its phenomenal success.

Traveloka was founded in 2012 by a group of Indonesian entrepreneurs, Ferry Unardi, Derianto Kusuma, and Albert Zhang. Recognizing the untapped potential in Indonesia's burgeoning travel market, they set out to create a platform that would simplify the process of booking flights and accommodations. Armed with ambition, vision, and a drive to innovate, the trio embarked on their entrepreneurial journey.

In a region where traditional travel agencies dominated the market, Traveloka introduced a disruptive concept: an online platform that allowed users to book flights, hotels, and other travel services seamlessly. By leveraging technology and user-friendly interfaces, Traveloka provided convenience and accessibility to travelers, challenging the status quo of the industry.

Fuelled by early success and positive feedback, Traveloka rapidly expanded its services beyond Indonesia's borders. It ventured into neighboring markets such as Malaysia, Thailand, Vietnam, and the Philippines, catering to the diverse needs of travelers across Southeast Asia. This strategic expansion propelled Traveloka into the regional spotlight, cementing its position as a leading player in the travel tech sector.

One of Traveloka's key strengths lies in its relentless pursuit of innovation and adaptability. Over the years, the company has continually introduced new features and enhancements to its platform, staying ahead of evolving consumer trends and preferences. From mobile app developments to loyalty programs and personalized recommendations, Traveloka has remained agile in responding to the dynamic demands of the market.

Traveloka's ascent to success has been further propelled by strategic partnerships and investments from notable industry players. Collaborations with airlines, hotel chains, and other travel providers have enabled Traveloka to offer a comprehensive range of services to its users. Additionally, investments from prominent venture capital firms have provided the financial backing needed to fuel the company's growth and expansion plans.

Like any startup journey, Traveloka has faced its fair share of challenges along the way. Economic uncertainties, regulatory hurdles, and intense competition have tested the resilience of the company. However, through strategic decision-making, agility, and a steadfast commitment to its vision, Traveloka has navigated these challenges and emerged stronger than ever.

As Traveloka continues to scale new heights, the company remains focused on its mission to empower travelers and enhance their experiences. With an eye towards the future, Traveloka is poised to explore new markets, embrace emerging technologies, and further diversify its product offerings. Through innovation, collaboration, and a relentless pursuit of excellence, Traveloka is set to redefine the landscape of travel tech in Southeast Asia and beyond.

In conclusion, Traveloka's success story serves as a testament to the entrepreneurial spirit and innovation that thrive in Indonesia's tech ecosystem. From its humble beginnings to its current stature as a regional giant, Traveloka has demonstrated the transformative power of vision, determination, and adaptability. As it continues to chart new territories and inspire the next generation of startups, Traveloka stands as a shining example of Indonesian ingenuity and excellence in the global tech arena.

The Success Story of Tokopedia From Indonesian Startup to E-Commerce Giant

The Success Story of Tokopedia From Indonesian Startup to E-Commerce Giant

Nesianetwork    Februari 29, 2024    Comment   

 

Nesianetwork.id - In recent years, Tokopedia has emerged as a shining example of Indonesia's prowess in the tech startup scene. What began as a humble idea in 2009 has blossomed into one of Southeast Asia's leading e-commerce platforms, revolutionizing the way Indonesians shop and do business online.

Tokopedia was founded by William Tanuwijaya and Leontinus Alpha Edison, two friends with a vision to empower small businesses and entrepreneurs across Indonesia by providing them with a platform to sell their products online. Fueled by their passion and determination, they launched Tokopedia in 2009, during a time when e-commerce was still in its infancy in the country.

Like any startup journey, Tokopedia encountered numerous challenges along the way. From building trust among users to navigating Indonesia's diverse and complex market landscape, the road to success was far from smooth. However, Tanuwijaya and Edison remained resilient, continuously adapting and innovating to overcome obstacles.

Despite the challenges, Tokopedia experienced rapid growth in its early years, attracting both users and investors alike. Its commitment to providing a seamless and secure online shopping experience resonated with consumers, propelling the platform to become one of the largest e-commerce players in Indonesia.

A key factor in Tokopedia's success has been its relentless focus on innovation. The company has continuously introduced new features and services to enhance the user experience, from secure payment systems to AI-powered recommendation engines. Additionally, Tokopedia has adapted to the evolving needs of its users, expanding its offerings to include everything from groceries to financial services.

Tokopedia's success goes beyond just financial gains; it has had a profound impact on the Indonesian economy. By providing a platform for small businesses to thrive, Tokopedia has helped create jobs, stimulate economic growth, and empower countless entrepreneurs across the archipelago.

Today, Tokopedia is not only a household name in Indonesia but also gaining recognition on the global stage. Its innovative approach to e-commerce has garnered attention from investors worldwide, leading to strategic partnerships and investments from tech giants such as Alibaba and SoftBank.

As Tokopedia continues to expand its reach and offerings, the future looks bright for the Indonesian tech unicorn. With a growing user base and a commitment to innovation, Tokopedia is well-positioned to solidify its position as a leading player in the global e-commerce landscape.

In conclusion, Tokopedia's journey from a small startup to a tech giant is a testament to the power of entrepreneurship, innovation, and perseverance. By staying true to its mission of empowering businesses and driving economic growth, Tokopedia has not only transformed the way Indonesians shop but also inspired a new generation of entrepreneurs across the region.

Gojek The Trailblazing Success Story from Indonesia

Gojek The Trailblazing Success Story from Indonesia

Nesianetwork    Februari 29, 2024    Comment   

 

Nesianetwork.id - In the bustling landscape of Southeast Asia's startup ecosystem, Gojek emerges as a beacon of innovation and resilience. Founded in 2010 by Nadiem Makarim, Kevin Aluwi, and Michaelangelo Moran, Gojek started as a modest ride-hailing service in Jakarta, Indonesia. However, fueled by visionary leadership, strategic expansion, and a commitment to solving everyday problems, Gojek rapidly evolved into a multi-service platform, revolutionizing the way millions of people live, work, and commute across the region.

Gojek's journey began with the simple idea of addressing Jakarta's notorious traffic congestion by providing motorcycle taxi services. This innovative approach not only offered an affordable and efficient transportation solution but also created income opportunities for thousands of motorcycle drivers, commonly known as "ojeks."

Recognizing the potential to offer more than just ride-hailing, Gojek strategically diversified its services. It expanded into food delivery, courier services, digital payments, and even launched lifestyle services like beauty, cleaning, and massage. This diversification not only enhanced user convenience but also solidified Gojek's position as a super-app, catering to various aspects of daily life.

At the core of Gojek's success lies its relentless focus on technological innovation. The company continuously leverages data analytics, machine learning, and AI-driven algorithms to optimize its services, enhance user experiences, and streamline operations. From dynamic pricing to route optimization, Gojek's tech-driven approach ensures efficiency and reliability across its platform.

Beyond its commercial success, Gojek remains deeply committed to creating positive social impact. The platform has empowered millions of micro-entrepreneurs, including drivers, merchants, and service providers, by providing them with access to a broader market and financial opportunities. Moreover, Gojek's inclusive approach has bridged socioeconomic gaps, providing affordable services to underserved communities and fostering economic inclusion.

Gojek's journey has not been without its challenges. From regulatory hurdles to fierce competition, the company has faced numerous obstacles along the way. However, its ability to adapt, innovate, and forge strategic partnerships has enabled it to navigate these challenges and emerge stronger than ever.

Gojek's success has garnered international acclaim, positioning it as one of the most prominent tech unicorns in Southeast Asia. The company has attracted significant investments from global tech giants and venture capitalists, further fueling its expansion beyond Indonesia's borders. Today, Gojek operates in multiple countries across Southeast Asia, serving millions of users and revolutionizing the region's digital economy.

As Gojek continues to innovate and expand, its future appears promising. The company remains committed to its mission of improving the lives of people across Southeast Asia through technology. With new ventures such as financial services, healthcare, and logistics on the horizon, Gojek is poised to reshape industries, drive economic growth, and empower communities for years to come.

Gojek's remarkable success story exemplifies the transformative power of technology, entrepreneurship, and social impact. From its humble beginnings as a ride-hailing service to becoming a multi-service super-app, Gojek has revolutionized the way people live, work, and connect in Southeast Asia and beyond. As the company continues to innovate and expand its reach, its journey serves as an inspiration to aspiring entrepreneurs and tech enthusiasts worldwide.

The Phenomenal Success of TikTok A Cultural Revolution

The Phenomenal Success of TikTok A Cultural Revolution

Nesianetwork    Februari 27, 2024    Comment   

 

Nesianetwork.id - In the ever-evolving landscape of social media, few platforms have captured the zeitgeist quite like TikTok. Born in 2016 from the merger of Musical.ly and Douyin, this short-form video app has skyrocketed to global fame, boasting over a billion monthly active users as of 2023. But what exactly lies behind TikTok's meteoric rise to prominence?

One of TikTok's most revolutionary aspects is its ability to democratize creativity. Unlike traditional media platforms where polished content often reigns supreme, TikTok celebrates authenticity and spontaneity. Anyone with a smartphone and an internet connection can become a content creator, whether they're showcasing their dance moves, sharing cooking tips, or lip-syncing to popular songs. This accessibility has empowered individuals from all walks of life to express themselves creatively and find a sense of community in the process.

At the heart of TikTok's success lies its highly sophisticated recommendation algorithm. By analyzing user behavior and preferences, TikTok's algorithm serves up a curated feed of content tailored to each individual user. This not only keeps users endlessly engaged but also provides a platform for lesser-known creators to gain exposure. The "For You" page, where the algorithm showcases a diverse array of videos, has become the holy grail for aspiring TikTok stars, offering a shortcut to virality for those lucky enough to catch its attention.

TikTok's influence extends far beyond the confines of the app itself, permeating popular culture in unprecedented ways. From viral dances like the Renegade to catchphrases like "OK, boomer," TikTok has spawned countless memes and trends that have seeped into mainstream consciousness. Moreover, the platform has become a launchpad for emerging artists, propelling songs like Lil Nas X's "Old Town Road" and Doja Cat's "Say So" to the top of the charts. Brands and marketers have also taken note, flocking to TikTok to reach younger demographics and capitalize on its immense reach and engagement.

Despite its remarkable success, TikTok has not been without its fair share of challenges and controversies. Concerns have been raised about data privacy and security, particularly due to its Chinese ownership under ByteDance. The platform has also faced scrutiny over issues such as misinformation, cyberbullying, and the exploitation of minors. Nevertheless, TikTok has taken steps to address these concerns, implementing stricter guidelines and investing in measures to enhance user safety and trust.

As TikTok continues to dominate the social media landscape, its future seems brighter than ever. The platform shows no signs of slowing down, with plans for further expansion into e-commerce, live streaming, and augmented reality experiences. With its unparalleled ability to captivate audiences and shape cultural trends, TikTok has firmly established itself as a cultural phenomenon of the digital age, redefining the way we create, consume, and connect in the 21st century.

This is How Rise and Fall Zenius Edtech Startup from Indonesian into Bankruptcy

This is How Rise and Fall Zenius Edtech Startup from Indonesian into Bankruptcy

Nesianetwork    Januari 03, 2024    Comment   

 

Nesianetwork.id - The approximate news comes from the world of Startup Edutech, Zenius, which has been established since 2004, announced the temporary suspension of its operations in an official statement circulating on social media X aka Twitter.

After 20 years of existence accompanying thousands of students in studying at elementary, middle school, high school, UTBK, independent exams and preparation for entering college, in fact they had to give up because of the conditions.

The fall of Zenius as an edutech startup adds to the long list of collapses of several similar startups after the previous startups Pahamify and Refocus.

Analysis of several reasons why Edutech startup Zenius went bankrupt

Now let me try to analyze why Zenius, which has been around for 20 years, finally collapsed.

1. Large operational expenses

As stated in its statement, Zenius stated that it was experiencing operational challenges. This can be caused by an imbalance between the income coming in and the operations that have to be spent.

It could be because of the large costs for employee salaries since entering a technology-based company or startup which has become an open secret requiring large salaries and a large number of employees.

2. Many personal course competitors

In an era with the convenience of technology and the development of social media, almost everyone has the same opportunity to express creativity, including sharing knowledge.

The presence of personal trainers or experts who share knowledge via various platforms such as YouTube, TikTok, Instagram can also be a competitor.

The choice is not only to go through an edu tech startup but you can increase your skills through webinars, boothcamps or training held by personal trainers.

3. Tech winter

Tech winter is a term that describes a period of significant decline in the technology industry.

Whether we admit it or not, Tech Winter also plays a role in the collapse of many startups, including those operating in the edu tech field. Venture Capital and investors are no longer too busy providing funding because the world economic situation is sluggish and tends to lead to a recession.

If previously startups easily obtained various series of funding for growth, now VCs are more selective and profit-oriented. When startups run out of capital for operations while profits are not enough, what happens is just waiting for the time to run out of capital is like a vehicle waiting to break down when the fuel runs out.

4. The trend of pursuing growth

In the heyday of startups, most were oriented towards growth or growth to increase valuation. Hoping that in this way they can make a profit or exit by increasing the company's valuation and IPO on the stock market.

Unfortunately, before they succeed in getting listed on the stock exchange, the majority of startups that go bankrupt run out of funding because of a mindset that can be said to be wrong, namely only pursuing growth without pursuing profits.

5. Money burning trend

Readers certainly still remember how startups offered discounts and various promotions that sometimes didn't make sense. We once enjoyed it when motorbike taxi and food applications were at their peak.

Just so you know, the promos and discounts they provide are not free because they use money from investors. The term is burning money for customer acquisition or increasing the number of users.

Before the investment funds run out, you should start looking for profits as Gojek, Tokopedia and Shopee have done for example, so don't be surprised if now there are rarely big promotions, postage is expensive and there are even service fees.

Most startups that fail, before they reach the stage of making a profit, have burned all their capital for promotions.

6. Online learning trends after the pandemic

During the pandemic where schools and campuses conducted online learning, edu tech-based startups found momentum to experience significant growth because they were very relevant and needed by many groups.

Readers will still remember how massively they carried out promotions, making big shows on national TV stations during primetime broadcast times which must have been very expensive, even voting for dangdut competition events via edutech applications because they wanted to catch up with user growth.

In 2020 and 2021, in the midst of a pandemic, many startups were blessed with funding and an increase in the number of users. At that time, they thought that after the pandemic, the habit of accessing online learning would continue to increase or at least be the same.

Unfortunately, as we know, after the pandemic, this habit did not last, learning was carried out offline again and this definitely had an impact on the decline in users of edu tech startup applications and services.

Investors had already spent a lot of money during the pandemic for promotions, in fact the results did not match predictions, so layoffs became the solution until bankruptcy occurred as we have often read recently.

The History of Zenius Startup

Quoting the page id.wikipedia.org, PT Zona Edukasi Nusantara (Zenius Education) is a technology-based education company from Indonesia. Zenius provides educational access services in Indonesian language video format which is presented online via the website (zenius.net) and mobile phone applications. As of December 2020, Zenius had more than 16 million users.

Zenius is present as a form of educational revolution in Indonesia by prioritizing critical, logical, rational thinking and integrated scientific knowledge for all Indonesian students. Zenius aspires to produce a generation of Indonesians who understand science and love learning, rather than being a generation of memorizers.

Zenius was founded in 2004 by Sabda PS, Wisnu Subekti, and Medy Suharta. Initially, Zenius was established as an offline study guide. In 2005, Zenius began launching learning materials in CD form. The learning material is focused on high school students as preparation for entering SPMB.

In 2007, Zenius Education was officially established and incorporated as a limited liability company. Then in 2010, Zenius launched the first learning site in Indonesia through Zenius.net.

In July 2019, all Zenius learning materials and features can be accessed via the Zenius App which is available on the Play Store and App Store.

In order to assist the Indonesian government in realizing non-face-to-face contact in the midst of the pandemic, in December 2019, Zenius made more than 80,000 videos of its learning materials free. Until now, Zenius still offers more than 100,000 learning material content that can be accessed for free.

In February 2020, Zenius received series-A funding from Northstar Group, Kinesys Group, and BeeNext. Apart from that, there was also a change in CEO, previously filled by Sabda PS, then continued by Rohan Monga, ex COO Gojek.

At the beginning of 2021, Zenius again received pre-series B funding from Alpha JWC Ventures, OpenSpace Ventures, and investors who had previously joined in series-A funding.

In March 2022, Zenius received funding from MDI Ventures, a venture capital company which is a subsidiary of Telkom Indonesia. Previous investors, namely Northstar Group, Alpha JWC, Openspace Ventures, and new investors, Beacon Venture Capital, a venture company from Kasikorn Bank, also joined in this funding round.

In July 2020, Zenius rebranded by changing their logo, visuals and tagline to mark Zenius' evolution in an effort to bring the future of education to every individual in Indonesia. After that, Zenius' revenue grew more than 70% in the second semester of 2020 compared to the same period in the previous year.

Zenius adopts artificial intelligence technology to provide adaptive learning features. The AI ​​technology that has been developed by Zenius is placed in two features, namely:

1. ZenCore

Zencore is a feature that provides adaptive learning and training materials to develop fundamental skills, namely mathematics, verbal logic, and English. Adaptive learning is a method specifically designed according to students' abilities so that it is more relevant to students' weaknesses and strengths. Through the ZenCore feature, Zenius provides more than 135 thousand quizzes up to level 100.

2. ZenBot

Just by uploading a photo of the question, ZenBot can provide answers accompanied by videos of the appropriate study material. With the help of AI, discussing questions becomes easier and more in-depth, so it can help students improve their abilities. ZenBot can be accessed via the Zenius application or WhatsApp for 24 hours.

Zenius officially acquired Primagama through the signing of an agreement in early 2022. The Primagama brand has now changed to "New Primagama Powered by Zenius" which was announced to coincide with Primagama's 40th anniversary. This acquisition aims to strengthen Zenius' learning ecosystem in providing a greater technological impact in education through a hybrid learning model, with the help of Primagama's experience and offline reach.

Zenius officially collaborates with Disney to present ZeniusLand which offers a digital playground and learning concept for children to explore new knowledge interactively. Zenius is an application designed for students at elementary school level. ZeniusLand also introduced the animated characters Tiga Sekawan, each character representing the values ​​of children's abilities; Gika for logical abilities, Imaji for imagination, and Aksa for literacy.

Zenius expands its reach with the launch of ZenPro, a training and empowerment platform for people who want to sharpen their skills or learn new skills outside the formal education system. Training classes at ZenPro are divided into several areas, namely: Business, Analytics, Entrepreneurship, Finance, English, Digital Marketing, Technology, Content Creation, Personal Development, Communication Skills, Management Skills, and Customer Service. All training material on ZenPro is delivered by competent Zenius master tutors and experts in their respective fields.

Zenius for Teachers or ZenRu is a community for more than 250 thousand teachers throughout Indonesia. Of this number, almost 200 thousand of them use the ZenRu platform. One of ZenRu's features is an LMS that can be integrated with Google Classroom. In this LMS, teachers can create classes, provide practice questions for students and carry out assessments.

Awards that Zenius has won:

1. In 2017 Startupranking.com Top 10 Startups in Indonesia

2. In 2021 South Sulawesi Education Service

3. In 2022 Popular Vote Global Edtech Startup Awards (GESAwards)

Ok that's our post this time, this disclaimer is a personal opinion, it may be true, but it doesn't rule out the possibility that it is wrong. If I may give advice, with the many cases of bankruptcy and the collapse of various startups specifically in the field of edu tech, it is best not to rush into accepting large investments in the style of venture capital, growing organically from the profits obtained is much healthier for a business than just joining in. the trend of pursuing growth by burning investor money. Hopefully it's useful see you.

Writer by:

Achmad Munandar

Source:

https://id.wikipedia.org/wiki/Zenius_Education

This article also appeared on Campusnesia.co.id 

From TechCrunch: Tech for Palestine launches to provide tools to help support Palestinians

From TechCrunch: Tech for Palestine launches to provide tools to help support Palestinians

Nesianetwork    Januari 03, 2024    Comment   

 

Nesianetwork.id - More than 40 founders, investors, engineers and others in the tech industry are today announcing a coalition called Tech for Palestine to build open source projects, tools and data to help others in the industry advocate for the Palestinian people.

The launch of the group comes during a tense time in the region. Hamas’s October 7th attack on Israel led to the deaths of more than 1,100 individuals. The war in the Gaza Strip that followed has seen the displacement of millions of Palestinians and tens of thousands of deaths.

The Israel-Hamas war has proved divisive to the tech industry. Israel, home to a well-known technology and startup market, has seen strong support from tech individuals and institutions. In contrast, calls for ceasefires and speaking in support of Palestine have caused some to lose their jobs.

Paul Biggar, the founder of Tech for Palestine, hopes to raise more awareness of the war in Gaza, fight for a permanent ceasefire and provide ways for those who are afraid to speak publicly in support of Palestine to still offer support. It is one of the first tech initiatives to take a public stance supporting Palestine and could represent a turning point in the venture industry’s posture regarding the Israel-Hamas conflict as more people seek to speak out in favor of a ceasefire.

Biggar, the founder of the company CircleCI — last valued at $1.7 billion — formed the coalition after writing a viral blog post that criticized the lack of support the tech industry has shown Palestinians. He said that after he wrote his blog post, thousands of people reached out to him with words of support, many of them afraid to speak up themselves for fear of potential career impacts.

Among them, he said, were “dozens of people not only speaking up but who had started projects to change the industry to ensure that people speaking up for Palestine could be heard. Dozens of others were volunteering to help,” Biggar added. “I started connecting these folks together, and the [Tech for Palestine] community came together very quickly.”

The platform, still in its early days, will feature projects run by small groups and serve as a place to share resources and advice, something many pro-Palestinian tech workers are already doing privately. It has already secured names like Idris Mokhtarzada, founder of the unicorn Truebill, to help build out the platform. So far, it has created a badge for engineers to use on GitHub that calls for a ceasefire and created HTML snippets for people to use on their websites to put up a support ceasefire banner.

Biggar said there are plans to eventually work more with Palestinian organizations and help Palestinian startups with mentorship and cloud credits. TechCrunch previously reported that the war has destroyed much of Palestine’s burgeoning tech industry.

Arfah Farooq, founder of Muslamic Makers, said the last three months have changed everyone in many ways. At the same time, there has been a togetherness and activism that she has never seen before. “I’ve seen firsthand people come together to work for Palestine with nothing but their laptops from across the globe,” she said.

She decided to work with Tech for Palestine after reading Biggar’s viral blog post and has already started to share resources on how to support Palestine. “Due to the siege, we can’t go to Gaza and help on the ground, but we help regardless of where we are in the world,” Farooq said.

One engineer, who asked to remain anonymous, decided to join the coalition because this person felt suffocated at work. This person has agreed to work as an engineer and product manager to help build resources for Tech for Palestine, saying, “I hope this initiative will spark a significant shift and give people their voices back.”

A former tech brand marketer, who is also scared to speak out publicly for fear it will impact a new job search, also told TechCrunch about feeling happy to have a way to get involved with the cause.

“This period has been incredibly isolating to Arabs, Muslims and other people of color in VC and tech,” she said. “Tech for Palestine is a necessary initiative. When we are seeing mobilization around the world and the U.S. in the numbers of hundreds of thousands calling for peace and [the] humanization of the Palestinians, the tech community can no longer be silent.”

The Tech for Palestine initiative comes as the death toll among Palestinians continues to rise. In recent weeks, U.S. officials have reportedly prodded Israel to do more to protect civilians in Gaza even as they have called U.S. support for Israeli security unshakable.

Biggar hopes, at the very least, that this new coalition will augur a larger shift in people speaking up.

“The narrative has only just turned,” he said. “We are working to enable many more who feel silenced to speak out, we are only getting started.”

Source:

https://techcrunch.com/2024/01/02/tech-for-palestine-launches-to-provide-tools-and-projects-to-help-advocate-for-palestinians/

by Dominic-Madori Davis

This is Success Story of The New York Times $100M Side Business

This is Success Story of The New York Times $100M Side Business

Nesianetwork    Januari 03, 2024    Comment   

 

Nesianetwork.id - This is Success Story of The New York Times’ $100M Side Business. Print media is dying, and the internet killed it. Daily newspaper circulation has dropped by over 50% since 2020, and roughly two newspapers go out of business every week. 

Now, amidst all this chaos, the New York Times hasn't just weathered the storm of declining newspaper sales, but their revenue has actually been growing since 2016. And while many attribute this to "digital transformation," beneath the surface lies a secret, a strategic move that most haven't noticed. 

And the answer probably isn't what you're thinking. Because it has nothing to do with journalism - but it has everything to do with how we shop. But before we get there, we need to talk about this so-called "digital transformation." In March 2011, the New York Times announced that it would be launching digital subscriptions. 

This meant that you could read up to 20 articles on their site each month and have access to some of their apps. And adoption was actually quite good. Their digital subscription revenue has been growing year over year for over a decade. And today, it brings in around a billion dollars per year in revenue. 

Now, that digital subscription has evolved into what the New York Times CEO, Meredeth Kopit Levien refers to as a "digital product experience". And this "experience" can be bought for around $6 per week to gain access to news, games like Wordle, the Cooking App, and more. But this 'digital product experience' narrative was far from the whole story. 

Under the hood, something else was brewing — a pivotal change that kick-started near the end of 2016. You see, while the rest of the print world  continued sinking, The New York Times' revenue grew a notable amount for the first time in over a decade. And while much of this growth is because of more digital subscriptions, the part that no one's really talking about is this "Other" revenue source which has nearly tripled since 2016, making up roughly 10% of their total revenue today. 

So what's this mysterious 9-figure side business all about? Well, according to the New York Times' 2022 annual report, they state that "Other revenues primarily consist of revenues from licensing," and right after that, "Wirecutter affiliate referrals," which was not so coincidentally acquired in October 2016, right before they began a new wave of growth. 

And in their Q2 earnings call from that same year, they noted that "other revenues" came in higher than guidance, specifically calling out "higher Wirecutter affiliate referrals." Now, affiliate referrals are commissions that are generated through affiliate marketing. And this is when a company is compensated a commission in exchange for referring leads or sales to an affiliate merchant. 

This is the primary monetization method used by the Wirecutter. To better illustrate what this looks like in action, say you want to buy an air fryer. You'll probably go to Google and  search for "best air fryer." In fact, your search is just one of 123,000 that happen in any given month in the US alone. Now, you click on the link to the New York Times Wirecutter because it ranks high and you know the brand. Then you scroll through the article, click some links to Amazon, and then make a purchase based on some Amazon reviews and your budget. Nothing out of the ordinary here. 

But what you might have missed while  shopping is that the links you clicked   have a tracking tag attached to them. This is called an affiliate link. And when someone clicks this affiliate link, it tells Amazon that the Wirecutter referred those shoppers to them. And when those clickers make a purchase, Amazon is going to give the New York Times a cut of that sale. How much of a cut? Well, according to Amazon Associate's  commissions table, an air fryer falls into the "kitchen" category so it pays out 4.5%. 

So for a $100 air fryer, a standard affiliate would get around $4.50. And while this may not sound like a hundred million dollar business, the scale at which the New York Times is doing affiliate marketing is absolutely bonkers. And I'll show you exactly how big they've taken this site soon, but first, it's vital that you understand why affiliate marketing was and still is the perfect add-on business for the New York Times. 

And there's two main reasons. First: It doesn't require a lot of cash to start or operate. In fact, there are plenty of solo bloggers who are running multi-six-, seven- and even eight-figure affiliate marketing sites – perfect for a company that was probably being a bit more cash-conscious. And second and perhaps the most important part: the New York Times is one of the most authoritative brands on the planet. 

They have around 100 million followers across their social accounts. And from a search engine standpoint, their website is just outside of the top 100 most powerful domains, making nytimes.com an optimal home to attract substantial organic traffic. So basically, The New York Times has all three ingredients to make an untouchable affiliate site: a content and editorial team that can produce top-notch content, the domain and audience to quickly generate tons of traffic, and a brand name that's well-known and trusted, which I'm sure contributes to higher conversion rates. And they knew all this and capitalized on it. Let's look at the journey of the Wirecutter. 

So, pre-acquisition, thewirecutter.com was getting around 1 million monthly visits from Google search. Then in October 2016, the site was acquired for a reported $30 million. Now, their first act of order was to do what they do best: scale content like crazy. And within just one year from the acquisition date, they more than doubled content and tripled organic traffic. And they continued to scale content and rank it in Google on thewirecutter.com domain. 

Then in May 2020, the New York Times would take a risk that not many marketing professionals would do with a site that's getting five million monthly visits from Google and generating tens of millions of dollars. They migrated all of the content from thewirecutter.com to the New York Times domain, dropping their traffic to zero. And if you've ever dealt with migrations, you know that they almost always come with problems. But something absolutely crazy happened once the migration was done. 

They restored all of their traffic on the New York Times domain and by November that same year, they had hit over eight million monthly organic visits from Google. And using their brand and authority, they've tripled search traffic to nearly 15 million monthly visits from Google search alone. 

So with 15X the organic traffic since the acquisition and likely higher commission rates with affiliate merchants, I'd say that their 30 million dollar bet paid off big time. And today, the New York Times' Wirecutter  ranks for just about every "best product name"  query in Google like "best air purifier," "best gifts for dad," "best wireless outdoor home security cameras," and thousands more. 

Now, unfortunately, we can't put an exact dollar amount on the Wirecutter's revenue because, even if we knew the affiliate numbers, that's not the whole picture. And the reason for that is because some Wirecutter visitors almost certainly end up buying the New York times main cash cow: the digital subscription. And other digital subscribers are probably buying the subscription because it includes full, unrestricted access to the Wirecutter's content. 

What we do know is that when the New York Times took over the Wirecutter, an already successful business, they continued to publish high-quality reviews at scale, leveraged SEO as their primary marketing tactic to get free and consistent visitors to their site, and used the affiliate marketing model to passively generate revenue, creating this amazing, yet valuable eight to nine-figure side business.

Source:

Youtube Channel Ahrefs

Link: https://www.youtube.com/watch?v=rjvIph3Sx4c

Gibran Huzaifah the CEO of eFishery shares with Nasdaq how the company is disrupting the traditional fish farming industry by building a sustainable aquaculture ecosystem using AI technology and innovations

Gibran Huzaifah the CEO of eFishery shares with Nasdaq how the company is disrupting the traditional fish farming industry by building a sustainable aquaculture ecosystem using AI technology and innovations

Nesianetwork    Desember 27, 2023    Comment   

 

Nesianetwork.id - Gibran Huzaifah, CEO of eFishery shares with Nasdaq Listings Host, Kristina Ayanian, how the company is disrupting the traditional fish farming industry by building a sustainable aquaculture ecosystem using AI technology and innovations.

foreign from nasdaq's Market site I'm your host Christina ayanian and joining me today is CEO and founder of e fishery Gibran josefa Gibran thank you so much for joining us I'm so excited for our conversation today you're actually the first Indonesian company on the show Welcome.

very exciting for me as well now let's start off talking about e fishery what made you so interested in the aquaculture space yeah so before I started officially I started officially 10 years ago in 2013 and exactly like a few years before I started official actually was a fish farmer myself so and I started my own fish farming business business back then when I was in college so in my second year in college.

I started opening up small catfish Pond from one point to when I was graduated in 2012 I operate around 76 months and it was the time when I realized the opportunity of the sector because if we think about the aquaculture probably this is the only remaining major protein food source that is that is still have a big upside on that because if you if we eat the food in our plate every uh protein food source is already fully formed like our beef is fully farmed the chicken is already fully Farm even all of the uh uh other protein it's all fully fun but fish is probably the only remaining major protein Source there is still well captured from the from the ocean uh but if Humanity over shows us anything we will move from Hunter to Farmer so there will only be upset in aquaculture sector and that's when I realized okay.

I would like to fully uh uh dedicate my my entrepreneurship journey in aquaculture but on the other thing we also see that aquaculture is already the fastest growing food sector globally and Indonesia is the second largest aquaculture producers so everything fits on the uh on the list and decided to then started on building a tech company on top of it because Tech can grow the the sector even faster that's incredible like you mentioned Indonesia is the second largest fish economy in the world your um the fishing industry in Indonesia produces 1.55 of Indonesia's GDP that's incredible when you put that to scale why did you decide to incorporate technology in the aquaculture sector it's a very unusual mix definitely it's quite unusual.

but uh back then in 2013 we saw many grows and emerging companies try to replicate the model uh and the consumer technology from the U.S China and India and try to build the the big consumer Tech economy in Indonesia and I I was so inspired by then uh by by how the technology can help other sectors particularly on the consumer part of it and and some part Financial sectors to then Foster because it it solves fundamental problems and also it gives access to everyone to get to contents to values and services and I I see that being a fish farmer myself I know that the basic problems of the of the farming practice from the daily feeding solutions to selling the feed uh to selling the fish buying the feed with as a small scale Farmers.

where 97 of the farmers are Indonesia small scale then the technology has an opportunity to solve it and to solve it in such a big massive scale uh that can solve those phenomenal problems and alleviate many farmers livelihood that's amazing so how does e fisheria actually solve those problems when we started solving One problems at a time in 2013 when we started we focus on solving the operational problems of farming which is on the feeding because the feed cost is 70 to 90 of the total cost and currently done manually by labor sometimes the labor forget to feed the fish and sometimes they overfeeding sometimes they steal the fit and sell it to the other forms and there's no good way to really monitoring it so we had the idea on creating a machine that can fit the fish automatically it is connected to the sensor that can sense the appetite of the fish and sends the data to the cloud and connect it to the app as well.

and we were the first that implementing the uh the app and educating the farmers to use the app and after we have that uh model we created a business model that we call feeding as a service so instead of them buying a technology for an expensive uh uh amount they just need to buy uh to pay around 10 to 20 per month to use this technology and that's what what created a massive density and adoption on the farmer's level and we deployed uh uh many units and and we we're now connected to hundreds of thousands of of funds and around three to four years ago we started leveraging the data that captures by by our iot to solve more problems.

so we solve feed Problems by aggregating and created a feed Marketplace and create an on-demand feed distribution solution so the farmers can get a cheaper fee we also created we launched what we call more like a bnpl model for uh fish Farmers using our data create creative scoring and work with financial institutions so they can get access on on financing uh formal financial services and lastly uh to connect to the market by having the data we're able to predict how many fish that they will be harvested and find B2B buyers from the restaurants small food vendors to even export buyers and Global retailers to be able to buy the fish from our farmers and then we can buy from the Farmers on the on the higher price so we're now solving many problems from the farming practice from the feed distribution and the financing.

and also to the off Tech part and integrated to a whole ecosystem that that put the farmers and the sustainability as the center of it that's amazing so you took your needs and your problems as a fish farmer and now you know really evolved that into a solution and came up with a solution and now you're sharing that with the broader ecosystem it's really incredible yep how does the technology actually work what what sensors do you have in in the pond so I think the machine itself is very simple.

I mean the the the principle for us on Building Technology is that because we're working with small-scale Farmers the technology needs to be radically affordable uh so we we try to use it and build a technology that can be durable enough but also everyone can afford it so uh the it looks like a small tank that we put in the side of the Pawn on the middle of the pond that is connected to the sensor that using uh two type of uh of sensors one is vibration based sensor that's sensing the movement of the fish when they're hungry they tend to be more aggressive and they're full they tend to be calmer just like ourselves in a way uh and also acoustic based sensored by sensing in the uh the sound that is emitted when the fish is is hungry uh like a yum yum Chop Chop sun and the fish is hungry so that's when we figure out when to stop the feeding and then we automate it and create a feeding program that automated uh.

 automatically uh be able to uh feed the fish uh by the most Optimum way then we capture the data send the data to the cloud provide recommendation to the app and the farmers use uh the app as a data acquisition tools it's more like a logbook for them to when their fish dead they put it on the app and they harvest the fish they put it on the app and with all of those different data sets where we then created like value chain surfaces like feed distribution and Marketplace uh credit scoring as I mentioned earlier and also the off take and harvest prediction technology on top of it wow the company does so much and aquaculture is such a rapidly evolving sector everything driven from technological advancements to Consumer.

 demands how does efficiary stay ahead of that curve our principles is that we in any food sector particularly on in aquaculture we need to put uh farmers at the center of it because because they're they're the one they're producing the uh the fish they're the one they're producing the protein without them without increasing their livelihood without increasing their income then we wouldn't be able to do anything so assuring that we need to stay ahead of the whole Industries to ensure that we solve Farmers problems and and we solve more problems uh uh over time uh by using a technology in the data so that's first and the second we we really took many inspiration from many other sectors.

because technology evolving fast uh but the thing about technology is that they they can be replicated you can get the essence of that technology and get uh get it done and build it for the version of the sector and then create that impacts so uh for example we with all of the AI development uh right now we also created some sort of like the uh the co communication platform when the farmers can talk and ask through the app but on the behind of it we we put an AI so we use the technology.

 development context in a context of our solving Farmers problems and that's how we will stay ahead of any competition you're evolving as technology and as the world is really rapidly evolving and it's no wonder why you raised a series D 200 million dollar funding recently congratulations on that and we are so excited to celebrate on the tower as well you're actually the first fish tech company to surpass the one billion dollar valuation globally that's incredible congratulations you've built it from ground up you must be so proud of yourself what's next for E fishery thanks a lot thanks a lot I think that's definitely a teams I work on on doing uh doing that and I think it proves many points that when we started focus on local problems that very Indonesian problems where we still be able to be like a global leader on doing that and try to get uh the inspiration for many tech companies. 

so next we started as a very humble beginning I was a fish for myself and we started only solving Farmers problems only in Indonesia but with all of the resources that we have the the talents that we have and the capital and the support from many uh investors that we have right now we can be even more ambitious to extend our impact so our idea is to to be a regional and global company so right now we're we over the past 10 years we only focus Indonesia right now we're expanding to India and focus on building our technology and replicating our technology to impact more farmers in India but also and most importantly so we we try to create a global supply chain model when we started from the Upstream we would like to gradually go to more Downstream uh and one of the things that we're doing right now our focus is to get the product from the farmers and get it to the global export Market including to the US market so we will have our own bran.

 to the uh some of the retailer companies in the US that that is coming from our our farmers and not just that we we're also bringing our technology and the data to the consumers so the consumers when they're buying the shrimp or the fish from from us from our brand they can see in the QR code where the fish and stream is coming from and whether it's on on which Pond and which farmers and and how they can deliver also help farmers to grow by buying it and also to verify whether the the fish and the shrimp is coming from a quality farms uh and and they can see whether it's actually antibiotic free or it's just a claim uh so verifiable data using technology would be able to uh give uh an assurance and confidence for the consumers about the product and it helps consumers to get a better product and also Farmers to get a better price so it's all win-win for everyone and we would like to grow the industry even further that's incredible we wish you much continued success thank you so much for joining us and sharing your story and we look forward to continue following thank you thank you foreign.

source:

Youtube Channel Nasdaq

Link: 

https://youtu.be/5MOUG_Jk3cA?si=wcNMJVYwNWJtGBPI