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AI and Data Services that Go Beyond the Limits

ThinkCol’s solutions help businesses stay ahead of the game

Hong Kong renders an ideal B2B environment where many international companies have set up their head offices. We strive to empower the next generation of AI talent in the city and increase Hong Kong’s international recognition as an important AI powerhouse.

Sam Ho
Co-founder, ThinkCol and Fasta.ai

As the world heads towards a data-driven era, ThinkCol co-founders, Sam Ho and Kane Wu, saw the opportunity to establish an artificial intelligence (AI) and data science-focused consultancy.  Within a mere five years, the firm has grown by leaps and bounds with plans of service expansion and international growth.

Ho met Wu in Hong Kong where both of them worked in Ernst and Young (EY). To pursue the freedom of creating AI solutions geared towards targeted business pain points, Ho and Wu decided to embark on the entrepreneurial adventure and set up ThinkCol in 2016.

The reason for starting ThinkCol in Hong Kong is simple and straightforward. “Hong Kong renders an ideal B2B environment where many international companies have set up their head offices.  We strive to empower the next generation of AI talent in the city and increase Hong Kong’s international recognition as an important AI powerhouse,” Ho said.

Since its establishment, ThinkCol has created more than 100 prototypes across 10 industries and developed full-fledged solutions for various publicly-listed firms.  The company has also transformed itself from a two-man band to a home for 20 AI specialists, data scientists, data engineers, UI/UX designers and project/product managers.

Driving AI and data innovation

ThinkCol’s expertise lies in its delivery of customized AI and data solutions and sets out to be a trusted partner of organizations’ AI journeys.  Skilled in multiple facets of data and AI technology, such as predictive analytics, customer segmentation, Natural Language Processing (NLP) and computer vision, ThinkCol is an AI enabler for large corporates.  It offers five realms of services: consulting, tailor-making AI solutions, conducting data analysis, heading AI and data science trainings, and organizing hackathons.

For example, the company used its know-how to help a leading property conglomerate to identify related topics that would be of interest to their different customers. “Previously, businesses had to dig out marketing ideas without any data to prove their relevance. Now, with ThinkCol’s input, the conglomerate can pin down more effective marketing themes,” said Wu.

ThinkCol also worked with a leading health and beauty retailer to generate AI ideas geared towards specific business pain points.  “In fact, it’s not just about data. It’s also about collaborating with business users to understand their various business processes that can ultimately lead to strategic insights and data-driven decisions,” Wu elaborated.

To further drive AI and data innovation in Hong Kong, Ho and Wu also set up the Hong Kong Data Science Society, a non-profit organization that brings together a community of data scientists, students and educators.  The Society recently published a White Paper on The State of Ethical AI in Hong Kong to provide the needed foundation to evaluate the risks and ethical implications of AI and to frame discussions for potential systematic changes in the future.

 


Forging ahead

To further promote the use of AI and entice a wider spectrum of businesses, Fasta.ai is established as ThinkCol’s product arm that involves Lenx.ai and Fasta Wealth as its major offerings. The former is an AI social analytics platform for crisis management, while the latter is a collection of AI personalized wealth management services.

Lenx.ai incorporates the company’s self-developed NLP technology to categorize social media posts, detect conversation patterns, measure sentiment and predict virality. “We believe Cantonese is one of the hardest languages to process and analyze, and being able to tackle this enables us to understand other languages easily.  We have also co-authored papers on Chinese NLP and contributed to academic researches,” Ho emphasized. Lenx.ai is currently used by world-leading aerospace companies, banks and multi-national corporates.

Fasta.ai is also expanding towards the Fintech sphere.  Partnering with Privé Technologies, Fasta.ai is currently developing AI applications scalable in different financial institutions with the objective of bringing intelligent wealth management services for the masses.  “We think it’s the right time for us to go into the Fintech space.  We are not only bringing our technological expertise, but also our vast consulting experience and deep understanding towards data privacy which is crucial when working with financial institutions,” Ho said.

At the end, ThinkCol co-founders appreciate InvestHK’s role and efforts in supporting new businesses and fostering the start-up environment in Hong Kong.

02.08.2021

Fast Facts

Sam Ho and Kane Wu established ThinkCol in 2016. Since then, the company has created 100 prototypes across 10 industries and developed full-fledged solutions for various publicly-listed firms. The duo also chairs the Hong Kong Data Science Society
Fasta.ai is established as ThinkCol’s product arm that involves Lenx.ai and Fasta Wealth as its major offerings. The former is an AI social analytics platform for crisis management, while the latter is a collection of AI personalized wealth management services
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