Digital Disruptor

This category aims to recognize organizations that are aggressively disruptive in the use of new digital technologies and business models. They utilize ecosystem awareness for constant business innovation and are fast-moving targets for competition.

Generally, these organizations are new market entrants or innovative incumbents which are leveraging digital and disruptive technologies like Big Data/Analytics, Cloud, Mobility, IoT, AR/VR to transform products/services, industries, or value propositions. We will award organizations that have achieved excellence and discernible results across areas like (but not limited to):

  • Extending products/services category through digital enablement. Digital enablement makes the products more valuable to customers and can generate data that can be used to create new products and services. (e.g. Nest thermostats and smoke alarms and Disney MagicBands).
  • Replacing products/services with digital or digitally enabled products. (e.g. Netflix and Apple have significantly altered the landscape for video and music consumption.)
  • Shifting value propositions. (e.g. Rolls-Royce’s move from selling jet engines to billing customers per hour of usage shifts the value proposition from owning an asset that can power a plane to value based on the actual hours that the engine is used; or Airbnb, competing with the hotel industry.)
  • Creating new customer experiences, often through the blend of physical and digital. (e.g. Sephora is focused on digitally enhanced customer experiences to drive sales the use of AR/VR).

To adapt to the evolving nature of the digital economy, this category is now known as Future Enterprise of the Year.

Want to read up on the other categories? Head over to our Awards Categories page.

WINNERS' CIRCLE

CompanyCARPOST
CountryTaiwan
Year2020
Established in 2018, CARPOST’s mission is to transform Taiwan's used car industry with information transparency and quality service through a decentralized and zero-inventory system and commissioned service-oriented business model. Traditional sales models of car dealers face great pressures on management costs, including marketing, capital requirements, rent, personnel, and vehicle maintenance. CARPOST integrates all information flow from sellers to buyers by using web crawl and blockchain technology and leveraging a vehicle information analysis system that combines automotive financial, insurance, warranty, and maintenance information. By doing so, more than 50,000 vehicles with complete details are reviewed by prospective customers on the CARPOST website daily, which reduces consumer concerns and disputes, fast-tracks transaction cycles, and increases sales success rates. With the development of global cross-border ecommerce transactions, consumers may also find sellers all over the world and may purchase outside Taiwan. CARPOST plans to perform further algorithm analysis of global vehicle information based on the year, factory, model, equipment, automobile specifications insurance, maintenance and repair records, onboard diagnostics (OBD) device, supervisory office records, and so on to evaluate and appraise vehicles, complete residual value estimation, and provide accurate used car prices for vehicles to be resold.
CompanyNinja Van
CountrySingapore
Year2020
Ninja Van is a technology-enabled express logistics company providing hassle-free delivery solutions for businesses of all sizes in Southeast Asia. Launched in 2014, it was the first logistics business in Singapore to give real-time delivery updates to customers. Ninja Van disrupted the traditional delivery model through algorithms for route optimization, allowing drivers to save fuel and deliver online purchases into customers' hands punctually. With the demand for delivery services fluctuating from country to country, the company analyzes historical data using a cloud solution for capacity planning, allowing the organization to hire more drivers during holiday seasons to ensure on-time delivery for its customers. Ninja Van operates under a pay-as-you-go, per-second billing scheme and has flexibility in using computing resources. For instance, as it collects hundreds of gigabytes of data daily — from driver location data the Ninja Drive app generated to its website's click tracking— the company can easily run analyses and predict manpower demand. After six years and more than 20,000 employees later, Ninja Van continues to set the pace for innovation using numerous value-added services, such as merchant application programming interface (API) integration and flexible parcel pickups.
CompanyEasyParcel
CountryMalaysia
Year2020
Established in 2014, EasyParcel's mission is to provide a simplified shipping platform for small businesses and individual business owners to book any manner of consignment for delivery. As Southeast Asia's first web-based courier delivery platform and ecommerce shipping solution provider, EasyParcel is a single-point logistics company that continues to grow and adapt based on consumer needs by leveraging digital technologies. Operating fully online, EasyParcel allows its small business patrons to skip queues, compare courier services, book multiple couriers, print autogenerated air waybills, and track parcels without the need to pay any monthly fee. Since its launch in 2014, the EasyParcel team has grown from 5 core members to 250 employees in 4 countries but maintains its start-up agility to meet and cater to the evolving needs of small businesses. Currently, more than 600,000 small and medium-sized businesses (SMBs) and individuals in Malaysia use the EasyParcel platform because of its affordable and dependable delivery services, with over 19 million parcels delivered from Malaysia, Singapore, Thailand, and Indonesia to more than 200 destinations around the globe. Through its growing and loyal customer base, EasyParcel has successfully connected to over 60 courier partners across different regions, including PosLaju, Skynet, Nationwide Express Courier Services, SF Express, DHL, FedEx, Aramex, TNT Express, and many more.
CompanyKoinWorks
CountryIndonesia
Year2020
KoinWorks is a leading peer-to-peer (P2P) fintech lending platform in Indonesia and the first fully licensed and supervised P2P lending company by the by Financial Services Authority of Indonesia (Otoritas Jasa Keuangan [OJK]). KoinWorks offers its one-stop financial platform to Indonesia's unbankable and underbanked, with the mission to provide accessible and affordable services and raise financial inclusivity in the country. With multiple financial products for its 370,000 users, both individuals and small and medium-sized enterprises (SMEs) can manage their assets and liabilities on a single app. Powering the KoinWorks app are the key technologies of big data and analytics, artificial intelligence (AI), and machine learning. KoinWorks products include KoinP2P for P2P lending and KoinRobo, an AI-based system that helps predict returns for lenders. For investments, KoinWorks offers KoinGold, in which gold investments can be made starting at IDR1,000, and KoinBond in collaboration with the Ministry of Finance for the purchase of government bonds. Finally, KoinBisnis supports SME growth, whereas KoinGaji helps business owners support their employees through salary advances. KoinPintar allows individuals to pursue education opportunities. To increase financial literacy, KoinWorks has also launched educational activities, such as Money Diary Talk, on how users can grow their assets, and Dialokal, a program on business growth hacks.
CompanyAther Energy
CountryIndia
Year2020
Founded in 2013 by Tarun Mehta and Swanpnil Jane, Ather Energy is an electric vehicle start-up based in Bangalore. Driving in India can be tricky, with roads cratered with potholes, nameless streets, chronic traffic congestion, and confusing city layouts. To bring cost-effective mobility solutions to India's fast-growing economy, Ather Energy developed Ather 450 and Ather 450X, two intelligent scooters, and established AtherGrid, an electric vehicle charging network. Powered by artificial intelligence (AI) and cloud Internet of Things (IoT) solutions, Ather Energy's scooters provide users structured electricity plans, predictive maintenance, and route optimization information, ensuring long-term transportation cost savings. Cloud software and architecture solutions have also enabled the company's team to deploy microservices in real time constantly, delivering more frequent monthly platform updates to maximize the connected scooters. Innovative updates include "guide me home" lights and real-time ride/energy efficient indicators. Meanwhile, the scooters' aggregated data while on the road has given the Ather Energy team essential intelligence to develop future models based on customer habits and requirements. Ather Energy has since launched its AtherSpace experience center and over 50 charging points and plans to increase its production output to 100,000 units annually.
CompanyMediConCen
CountryHong Kong
Year2020
MediConCen is a Hong Kong-based insurtech start-up that automates insurance claims for insurance companies, medical networks, and clinics using hyperledger blockchain. It has been recognized in various well-known innovation and technology competitions in China, India, and Hong Kong. Combining domain knowledge, understanding of regulations, and technical know-how with a staff of former senior insurance executives, serial entrepreneurs, senior programmers, and investment bankers, MediConCen launched the first blockchain-based medical ecosystem in Asia in April 2019, used by over 200,000 group employees. In its new medical ecosystem, individual clinics ruled out by the traditional medical card system due to fixed prices and complicated administrative and settlement processes can join the insurance market through a simple app. It utilizes digital signatures and smart contracts to ensure that each party executes the contract based on defined terms, preventing abuses and fault claimsCurrently, MediConCen has connected with multiple insurers and more than 460 medical experts. It is also one of the top 10 contributors in Greater China to the global Hyperledger Fabric codebase. MediConCen continues to push the boundaries of technology, applying the latest technologies to deliver a strong, lasting impact on how insurance and finance are operated. 
CompanyBeike Zhaofang
CountryChina
Year2020
Beike Zhaofang is the country's largest housing transactions and services platform, providing all-around service connections for high-quality family residences across China. Leveraging data resources and technical capabilities, Beike Zhaofang aggregates and empowers service providers in the real estate industry to create a "new residence" quality service ecology with the industrial internet. Beike Zhaofang covers service categories in existing housing, new apartments, rental, decoration, and community services. As of June 2020, Beike Zhaofang is in 103 cities across the country, connecting 265 new brokerage brands, 42,000 stores, and 456,000 agents on its platform. Based on an authentic property listing inventory and through in-house-developed virtual reality (VR) acquisition equipment and VR scene construction algorithm, Beike Zhaofang has reproduced an offline space for its customers. It has created products such as VR property showing, VR viewing, Beike future home, and an artificial intelligence (AI)–based home decoration design tool. These greatly optimize users' experience of viewing and searching properties, leading to improved real estate transaction efficiency. Despite the COVID-19 pandemic, customers could fully understand housing information without leaving their homes. Online consultations, recognition, and subscriptions were all covered through VR, accelerating the online migration of housing selections and purchases while guarding customers' health and safety.
CompanyGetCapital
CountryAustralia
Year2020
GetCapital is an award-winning nonbank lender dedicated to meeting the needs of Australian businesses. Headquartered in Sydney, GetCapital offers a broad range of business finance products designed for cash flow and everyday business financing, asset purchases, expansion, growth, and payments. Based completely online, GetCapital has rapidly grown to become one of Australia’s leading nonbank lenders by developing and offering technology-enabled finance solutions that solve common business problems. Shift Payments was developed by GetCapital, a new payment platform that simplifies trade credit. In Australia, the use of credit terms among businesses is so widespread that, if combined as a source of capital, it would create the fifth-largest bank in the country by assets. Moreoverbecause much of this trade credit is not provided by financial institutions, everyday businesses across Australia are acting similarly to banks. Shift Payments solves this problem by removing the friction of trade terms from the business relationship. With Shift Payments, businesses get paid on time and every time, and customers get better payment terms. Helping businesses release capital faster and grow, Shift Payments simplifies and streamlines trade credit between buyers and suppliers. Shift Payments also allows buyers to take control and improve business cash flow through its easy-to-use platform with payment terms to suit different business needs. 
CompanyCoda Payments
CountrySingapore
Year2019
Singapore-based start-up Coda Payments enables digital content providers to accept cardless payments from customers in Southeast Asia. Its flagship offering, Codapay, interconnects millions of users in the region with hundreds of content providers and payment channels (ewallet, banks, convenience stores) through application programming interfaces (APIs), allowing users who do not own a credit or debit card to purchase online content. It also operates a consumer-facing storefront, Codashop, a game top-up website that offers digital content consumers a seamless purchase experience of game credits from existing content partners. Traffic on its platform can vary from a couple of thousands to up to 300,000 transactions per hour at peak times. To achieve a seamless customer experience, Coda Payments must maximize resource utilization and implement modern technologies to reduce costs. It relies on digital technologies to proactively manage its cloud capacity and platform performance, content delivery networks, offline loading techniques, and progressive web app techniques, among others, to deliver desired outcomes. Presently, the company has more than 1 million gamers across the region subscribed to push notifications and millions of unique active users per day on the Codashop website at peak times.
CompanyANGKAS
CountryPhilippines
Year2019
Angkas was created to help solve the transport problem in Metro Manila. In a country that ranked third in traffic congestion in Southeast Asia, commuters were forced to take alternative transport options that were unsafe and illegal, such as the habal-habal, which was driven by motorcycle riders that did not possess proper licenses and training. Although commuters acknowledged the risks by riding these, they had to patronize them to get around the Manila traffic. Angkas allows commuters to book professional motorcycle taxis on-demand, cutting travel time in half, and offering a safe and efficient alternative that is up to 70% more affordable than cars. It also ensures safety by requiring stringent background checks, skills tests, and safety training for its bikers, and providing quality helmets for both passengers and bikers. The mobile app adds an extra level of safety as Angkas tracks all bikers and bookings on the platform and, should there be any issues, a dedicated customer support team can be reached via phone, email, or social media. Insurance coverage is also provided to both biker and passenger in case of any emergencies. Through its platform, Angkas has also provided habal-habal drivers the opportunity to earn two to three times of the country's minimum wage and destigmatized the formerly illegal practice to treat it as it was: a necessary and affordable transport option for the gridlocked streets of the Philippines.
CompanyShopee
CountryMalaysia
Year2019
Shopee is a leading online shopping platform in Southeast Asia offering a convenient experience to users eager to shop anytime and anywhere. As part of its commitment to excellence, it launched three programs to support its vision, namely: Shopee Live, Shopee Guarantee, and the Global Leaders Program. Shopee Live aims to bring users to their favored brands and retailers by allowing sellers to conduct live product demonstrations and reviews. Equipped with a chat function, customers can ask questions and get feedback in real time. With its rich and interactive media content, customers are continuously engaged, spending more time on the platform, which resulted in increased sales by brands and sellers up to 75%. To address safety and authenticity concerns, Shopee also released the Shopee Guarantee feature, in which it holds payment temporarily until a deal is fulfilled. It offers end-to-end security for both buyers and sellers by eliminating fake orders, ensuring payment, and acting as a dispute mediator. Finally, to support the organization’s growth and to foster an innovative culture, the Global Leaders Program was launched to identify and attract high-caliber talent. With its multifaceted recruitment and rigorous talent development process, Shopee developed its branding as the employer of choice for recent graduates. As such, Shopee delivers elevated customer experience befitting a service provider in the digital age by taking a customer-focused approach powered by digital technologies.
CompanyKyobo Lifeplanet Life Insurance Company
CountryKorea
Year2019
Kyobo Lifeplanet Life Insurance is South Korea’s first online life insurance company and has differentiated itself with an auto-underwriting system. Given that underwriting is at the core of its business, it looked for opportunities to reduce the burden for its underwriters, increase efficiency, and accelerate the underwriting process. Using machine learning techniques and artificial intelligence (AI), it has developed an underwriting prediction model and an underwriting emanual as well as enhanced its underwriting business rule. Instigated via two major algorithms, it automated the full assessment of various items in a contract to arrive at a data-driven decision. With over 31 variables and 100,000 data points, the system is still evolving to improve the precision of its results. In a span of three months, the accuracy of its prediction improved from 92.8% to 98% through repetitive learning. Using a deep dive data analysis, Kyoto Lifeplanet Life Insurance extends its services to confirmed customers via registration and subscription. Because of the collaborative efforts of its IT and business departments, Kyoto Lifeplanet Life Insurance’s auto-underwriting rate has increased by 15.3% over the past year. Building on the success of this project, it plans to use the system as a reference model to promote digital transformation in the entire organization.
CompanyGojek
CountryIndonesia
Year2019
Founded on the principle of solving everyday challenges with digital technologies, Gojek started as a call center for ojek bookings in Jakarta. Through consistently listening to customer feedback, it evolved its business into a consumer, driver, and merchant application. A premier on-demand multiservice platform, Gojek has disrupted the transportation industry by bundling ride-hailing, food delivery, and grocery shopping in a unified system. Operating in 167 cities and districts, it deploys over 1 million motorcycle drivers and provides them with optimized routes to service its 2.5 million customers. Through a cloud-based solution, Gojek captures and analyzes 5TB of data every day and leverages this information to inform drivers about locations with strong consumer demand. Whether it’s transporting a person or delivering a food item, the system matches the drivers with corresponding requests as quickly and as accurately as possible. These efforts, which put data science and machine learning at the heart of the company's operations, play a key role in understanding the unique demands of customers from different markets. But beyond being a business, it has supported upward economic mobility for thousands of Indonesians. In the food delivery platform alone, there are over 300,000 merchants, ranging from established restaurants to individuals selling food from their garages. Considered as one of the few Southeast Asian unicorn companies, Gojek utilized big data analytics to demand forecast and enforced a data-driven culture, dynamic decision-making, and future-ready operations to its ecosystem.
CompanyReArk Digital Preservations Pvt. Ltd.
CountryIndia
Year2019
ReArk is a platform that enables users, retailers, and brands to build 3D models and AR experiences. Its founder and CEO, Harish Pawaskar, envisioned ReArk as an innovative avenue to record and preserve their experiences and to share their creations to the world via social media, social messaging, and digital applications. Recognizing that 3D content creation is a knowledge and skill possessed only by a few, ReArk pioneered the Create 3D Model feature in its system, which simplified the process of producing 3D content. In the span of eight months since the release of this feature, ReArk has generated over 1,500 new requests to create 3D models. To support this, ReArk has developed APIs and plug-ins to seamlessly integrate its solutions into various ecommerce platforms, established B2B tie-ups and partnerships, and built a community. With over 5,200 registered users, ReArk has helped individuals to reimagine technology-led design. By empowering users of all types — students, designers, sellers, and enterprises — ReArk plays an integral part in reliving and sharing memories and preserving the cultural heritage of India to make it accessible for future generations.
CompanyHEYTEA
CountryChina
Year2019
Through its reinvention of China's traditional tea-drinking culture, HEYTEA has successfully attracted a new and younger generation of customers. Since its launch in 2012, HEYTEA has seen its stores with queues of customers willing to wait as long as three hours to purchase its products. The brand has since expanded to over 200 stores across China with over one billion yuan in revenue recorded in 2018, as HEYTEA has turned to technology to service its tech-savvy market. The HEYTEA GO digital engine found its starting point through the superapp WeChat through a Mini Program and now serves as the thread linking HEYTEA user operations, store management, operations management, logistics, and big data management, and is used throughout the management of the company. In less than one year, HEYTEA GO has accumulated over 10 million users, driving continuous month-over-month sales growth. By gaining further insights on its customers through the HEYTEA GO Digital Engine, HEYTEA has also successfully expanded its businesses overseas, as it secures a new round of financing and unlimited possibilities for future business development.
CompanyMcCarthyFinch
CountryNew Zealand
Year2019
McCarthyFinch was launched as a joint venture between law firm MinterEllisonRuddWatts and tech VC, Goat Ventures, to explore the impact of artificial intelligence (AI) on the legal industry. Around 600,000 New Zealanders and Australians are denied justice each year due to the costs involved, time and effort required, and complexity of the legal system. McCarthyFinch's goal is to reshape how law is practiced and accessed. Its team of leading PhDs, legal engineers, and award-winning lawyers built a legal AI platform, Author, to read, write, and reason like a lawyer. These tools are helping industry leaders reimagine their businesses, create superior technical oversight, speed through tactical and operational decision making, and deliver unrivaled transactional efficiency.
CompanyOVO
CountryIndonesia
Year2018
As part of Lippo Group, OVO provides highly personalized offers and services through a big data analytics platform that integrates information from organizations under the Lippo Group. These offers and services span across F&B, travel, and retail. As part of the OVO ecosystem, organizations under the Lippo Group use real-time insights to improve customer experience and generate new revenue streams for the conglomerate.
CompanySCB Abacus Company Limited First
CountryThailand
Year2018
SCB Abacus' E-Marketplace Digital Lending Platform was designed for Thailand's small businesses, which comprise majority of the country's economy. To support the growth of small business owners in a sustainable fashion while managing the bank's risk, SCB Abacus uses AI-powered algorithms to build a new risk model. Alternative data such as store ratings and shipment patterns automatically pulled from digital e-marketplace partners via an open API enables SCB Abacus to personalize loan products in terms of pricing, tenor, and repayment schedules to match the needs of individual customers. This platform eliminates human intervention – with automation, the standard loan process is reduced from 3 days to 10 minutes. To offer further convenience to customers, SCB Abacus has integrated the platform into the core banking system, allowing instant disbursement of approved loans into customer accounts.
CompanyDishtheFish
CountrySingapore
Year2018
Dishthefish transforms traditional fish mongering into a lifestyle experience. Augmenting its online sales with physical retail locations, the startup brings each customer on a journey of seafood discovery. Dishthefish uses smart technology to help remember and understand customers’ preferences. The organization is aimed towards make buying and eating seafood at home an enjoyable experience.
CompanyALLCARE
CountryPhilippines
Year2018
ALLCARE addresses the compensation gap where the alternative workforce, composed of freelancers, solo entrepreneurs, professionals, and other informal workers do not have access to care and welfare that traditional employees have. ALLCARE aggregates freelancers’ benefits demand around the world and uses economies of scale to make benefits affordable and accessible to them. Utilizing blockchain technology, ALLCARE helps open this new and underserved market to providers without sacrificing operational costs through the usage of fully automated transactions in smart contracts. By incentivizing both workers and benefit providers through real-world value and utility, ALLCARE has grown to be a major disruption in the workforce technology space. 
CompanyAxiata Digital eCode Sdn Bhd
CountryMalaysia
Year2018
By combining lifestyle needs and digital technology, the Boost e-wallet has made transactions easier, faster, and more secure while giving rewarding experiences to its customers. Boost was launched in 2017 and has partnered with 17 banks to support the in-app reload feature for wallets as well as prepaid mobile accounts, regardless of telco network. Each transaction merits rewards for users and Boost also offers digital vouchers for deals and discounts with partner merchants. Boost has also enabled P2P (peer-to-peer) lending, where users can instantly send or request money from other contacts, free-of-charge. To date, Boost has more than 2.5 million registered users with 25,000 touchpoints nationwide including pasar malam (night market) stalls, food trucks and restaurants, online stores, and physical retailers.
CompanyVUNO
CountryKorea
Year2018
With its goal to expedite the decision-making process for medical professionals while providing better accuracy for diagnoses, VUNO has developed VUNO-MED™, a medical data analysis solution built on AI technology. In collaboration with South Korea's largest hospitals and pharmaceutical companies, as well as radiologists and medical scientists, VUNO has utilized medical imaging to create the VUNO-MED™ platform, which comprises the Bone Age, Chest X-ray, Chest CT, and Lung Quant series. With its own deep learning engine, VUNO-MED™ develops diagnoses-assisting solutions and services and data analysis based on X-ray features, CT scans, and a bio-signal monitoring system. VUNO is available in large hospitals as an on-premise solution, and as a cloud-based service to clinics. The VUNO-MED™ Bone Age series is the first among AI-based medical diagnosis solutions and devices in South Korea to be approved by the Ministry of Food and Drug Safety and has received accolades for improving reading speed by 40% and increasing reading accuracy by 8%.
CompanyHelloToby
CountryHong Kong
Year2018
HelloToby is Hong Kong's largest online services marketplace for small and medium enterprises (SMEs) and freelancers, built for the country's emerging gig economy. Looking for qualified service professionals has been made easier with the platform; instead of browsing manually through each business listing, consumers answer several questions to receive tailored quotations from qualified service providers interested in the job. HelloToby's robust matching algorithm utilizes machine learning to analyze 700 service categories to ensure that only qualified service professionals are matched and provides a measurable and actionable acquisition channel for SMEs and freelancers to grow their business. In addition, HelloToby has built a risk engine and pricing system that ensures each lead has high intent and equitable pricing. Since launching two years ago, HelloToby has close to 200,000 registered users and is estimated to have brought service providers more than HK$500 million worth of business.
CompanyWeDoctor
CountryChina
Year2018
WeDoctor HuaTuo Intelligent Doctor is a cloud-based diagnosis and treatment system for traditional Chinese medicine (TCM) treatments. It is built upon the experiences of reputable TCM doctors into an AI engine where after the diagnosis on the symptoms of the patient recommended, TCM prescriptions are made. The onsite TCM doctors then fine-tune the dosage and frequency of the prescription, which are then dispensed to the patient. Through WeDoctor HuaTuo, TCM doctors are able to leverage upon the experiences of reputable doctors and reduce their workloads. Currently, WeDoctor HuaTuo is housed at Wuzhen Internet TCM Center and has successfully connected with 384 TCM institutes and has made more than 236 million TCM prescriptions. Within the TCM community, WeDoctor HuaTuo is commonly referred to as the "Cloud-Based TCM Brain."
CompanyTrue Money Company Limited
CountryThailand
Year2017
With an aim to provide the innovative financial services that is convenient and efficient for all, the e-money project called TrueMoney Wallet was established. The continuous effort has been focusing on the use cases that really matter in the local market. Today, TrueMoney Wallet has become the flagship consumer product of True Money, with a promising ecosystem and support from partners such as 7-eleven and Apple. As of now, the company has gained leading market share of the overall e-wallet market in Thailand, with the number of active users growing from 770,000 at end of 2016 to 3M in Oct 2017.
CompanyGrab
CountrySingapore
Year2017
Grab is known in Southeast Asia for making transportation and payments safe, accessible and affordable for everyone. Driven by a vision to improve the way people travel and pay for things everyday by tackling real local challenges in a new and different way through innovative disruptive technologies, Grab has developed innovative solutions for Singapore’s growing population including the launch of three flagship programmes GrabShare, GrabCoach and GrabPay Credits. The services are tackling congestion, pollution and mobility challenges and help everyone go cashless, by putting more people in fewer vehicles, and moving people across Singapore faster, safer and more conveniently. The affordable transport services, which are focused on filling gaps in areas not currently served by Singapore’s public transport networks, have saved more than 1.7 million kilograms of carbon emissions in Singapore.
CompanyBIMA (Milvik Philippines Insurance Agency Inc.)
CountryPhilippines
Year2017
BIMA allows for microinsurance coverage for most Filipinos, especially low-income families and the largely unbanked sector, through its Mobile Microinsurance offering. This innovation leverages Pinoys’ heavy mobile phone usage and the country’s unique “tingi” culture, offering insurance coverage via automatic prepaid deductions (installments of as low as PHP 45), postpaid charges, or mobile money. These were made possible by BIMA’s paperless transactions and the development of its internal app for insurance agents and brokers. Through this, BIMA opened up microinsurance to the mass market, offering service inclusivity for even those living in the remotest locations in the archipelago.
CompanyGrab
CountryMalaysia
Year2017
Grab continues to solve Malaysia’s transport challenges with its carpooling services, GrabHitch and GrabShare. Through these, Grab’s algorithms calculate and determine a match, factoring closest available drivers, travel time, overlap of trip routes, detour distance, and current traffic conditions before intuitively sequencing pick-ups and dropoffs. Carpooling allows vehicles to carry more passengers, reduces vehicle maintenance cost, and alleviates congestion and carbon emissions. These services have created more job opportunities and provided access to faster, safer, and cheaper transport. Grab’s carpooling services shows the organization’s understanding of Malaysia’s unique transport and economic needs through corresponding technology solutions. Grab has also found ways to work with and complement the Malaysian government, to support its efforts and vision to develop a more sophisticated and extensive public transport infrastructure.
CompanyGrab
CountryIndonesia
Year2017
Combining local understanding and smart data science, Grab launched two solutions in 2016: a specially-designed algorithm to support the real-time odd-even car license plate matching policy and GrabHitch (Nebeng) Bike. The filtering and matching algorithm supports the Indonesian government’s efforts to control the volume of private vehicles during rush hours in the capital. Targeted at 38 million daily commuters who travel from Jakarta’s outskirts into the city center, GrabHitch (Nebeng) Bike improves traffic congestion by reducing the number of commuters who travel alone.
CompanyTrringo
CountryIndia
Year2017
Trringo is a startup that sets to create a shared economy for farm mechanization, making high-end farm equipment available to the smallest of farmers on a pay-per-use basis. Trringo allows farmers to rent agricultural and high-end farm equipment through a phone call or via the app or website, with end-to-end order and service fulfilment. Quality service, along with high-end equipment and trained professional drivers are provided to farmers on a pay-per-use model. Leveraging high-end technology such as algorithms and predictive demand, Trringo offers ease of access to high-end equipment, enabling growth in the agricultural industry. Trringo’s algorithms match supply and demand, predictive demand generation, and recommendation engines to simplify the rental process for farmers.
CompanyChunyu Doctor
CountryChina
Year2017
Chunyu Doctor is the first online medical consultation platform in China that provides real-time communications between doctors and patients. It brings convenient, accurate, and economical medical services to 125 million users, while bringing economic benefits and better brand recognition to 500,000 registered doctors. Recognizing the potential of online medical services, Chunyu Doctor also launched its Online Medical Consultation Open Platform for enterprises. Users can access related webpages and public accounts for medical consultation services without opening the Chunyu Doctor app. The company has alleviated China’s traditional medical problems such as uneven distribution of medical resources, inefficient medical systems, and poor medical experiences and continuously scaling up, handling more than 1 million online medical inquiries every day.
CompanyBeijing Mobike Co., Ltd.
CountryChina
Year2017
Mobike created the first smart-shared bike model in the world and has entered over 100 cities in the world. The patented smart lock developed by Mobike is integrated with GPS and communication modules, which allows users to detect the smart bikes from their terminals. Utilizing new generation IoT technologies, users can position and use the closest bike with their mobile phones whenever and wherever possible. MoBike’s 5 million bikes go through more than 2.5 million transactions daily, which are in turn analyzed to power its bike operation platform. Mobike brings commute convenience to more people, and sustainable smart solutions to environment-friendly transportation in cities, while generation and collection of data produced from riding activities are ingested into a self-developed AI big data platform (Magic Cube) to generate insights to forecast demands and redistribute availability accordingly.
CompanyOovvuu
CountryAustralia
Year2017
Oovvuu uses artificial intelligence to navigate every video in the world. Compass, their proprietary AI, reads 300,000 articles by 100,000 publishers in real time and ascertains what they are about. Compass then watches thousands of video clips and full programs from global broadcasters to ascertain their content, and establishes whether they are a match. When a video and an article match, Compass places the video in the article, where it is watched with advertising.
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