Kuang Chen, Founder and CEO of Captricity, explains at Data Driven NYC how high maintenance costs for legacy infrastructure prevent large enterprises from adopting new customer-facing technologies.
“Legacy IT costs Costs are so high that there's really not a lot of budget with which to innovate, and it makes it so that it's really hard to change anything, and so as customers' expectations of the input methods evolve these organizations, these incumbents are getting left further and further behind.”
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More from Kuang Chen
Insight
Chen: Enterprise AI solutions must hit 99.9% accuracy from day one
“Solutions need to be 99.9% in accuracy right out of the gate from day one in order to be really effective”
Kuang ChenMar 24, 2017▶ 8:21Leveraging AI in the Enterprise // Kuang Chen, Captricity (FirstMark's Data Driven)
AssertionNot checkable as stated
Chen: Regulated industries rank worst at customer service despite prioritizing it
“Many of our customers in the regulated industries, government healthcare, insurance they say that customer service is their number one priority, bar none. And yet they're also ranked among the worst at it.”
Kuang ChenMar 24, 2017▶ 1:53Leveraging AI in the Enterprise // Kuang Chen, Captricity (FirstMark's Data Driven)
AssertionNot checkable as stated
Chen: Large regulated enterprises struggle significantly to recruit machine learning talent
“In large regular enterprise, it's really hard to hire machine learning talent.”
Kuang ChenMar 24, 2017▶ 8:40Leveraging AI in the Enterprise // Kuang Chen, Captricity (FirstMark's Data Driven)
AssertionNot checkable as stated
Chen: Captricity has effectively solved the handwriting recognition problem
“We've effectively solved the handwriting problem.”
Kuang ChenMar 24, 2017▶ 9:58Leveraging AI in the Enterprise // Kuang Chen, Captricity (FirstMark's Data Driven)
AssertionNot checkable as stated
Chen: Captricity is near 99.9% accuracy in voice transcription
“We're well on our way to solve 99 point nine percent voice transcription.”
Kuang ChenMar 24, 2017▶ 10:01Leveraging AI in the Enterprise // Kuang Chen, Captricity (FirstMark's Data Driven)
AssertionNot checkable as stated
Captricity data shows secondary death causes are chronic, primary are sudden
“But what we also found was that those secondary causes of death tend to be the chronic conditions, whereas the primary cause of death tends to be sort of the ambulatory or the sudden conditions, like what happens in the hospitals.”
Kuang ChenMar 24, 2017▶ 15:29Leveraging AI in the Enterprise // Kuang Chen, Captricity (FirstMark's Data Driven)
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