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