We achieved a record artificial intelligence accuracy where others before us have failed

Published on 04/04/2023

Hey, I'm Lucas Yeo

Business: Docuf.AI

Industry: Technology SaaS, Artificial Intelligence

Revenue: $100,000

Team Size: 4

Tools:

(No. of) Founders: 2

Socials:

In one line, what do you do and what is your most significant achievement?

Achieving AI accuracy results where others before us have failed.

Who are you and what business did you start?

I am the Founder and CEO of Docuf.AI. We founded Docuf.AI with the aim of improving productivity in the world of work where data entry is concerned. We help companies and their employees improve their productivity by using Artificial Intelligence to automate manual data entry processes. This helps companies reduce cost and increase productivity. Companies have seen a reduction of manpower cost by 70% and productivity gain of 350%. Employees have seen higher job satisfaction.

What's your backstory?

My First 100 Blog

Despite coming from a banking and headhunting background, I have always been passionate about technology. In 2020, when COVID-19 hit, I went on an AI Course under SkillsFuture to upgrade myself. That is where our team of founders met. We realised in our daily work that there is still a lot of manual data entry that needs to be done. As such, we decided to develop a solution to solve this after we graduated from the course.

What should be the first steps to take to enter your industry?

I think a strong understanding of Artificial Intelligence is key. The ability to have the technical know how will aid a long in the product development. However, above that is the necessity to possess grit and determination.

How did you spend your First 100 Days of launching your business?

The first 100 days of launching Docuf.AI was tough. During this time, we had to develop a solid foundation for the company, establish a strong customer base, and develop a plan for long-term growth.

Automating data entry using artificial intelligence

Automating data entry using artificial intelligence

Here's what we did:

1 Developed a business plan: This included the company's goals, target market, competitive analysis, financial projections and marketing strategy

2 Incorporated: Achieved this through the help of a Corporate Secretary, who was very capable and supportive. Do reach out to me if you need a referral.

3 Networking and establishing partnerships: While it took some time to gain traction and reap the benefits, it was worth it and key to our business.

4 Establish an online presence: We created a website and started publishing on social media to raise awareness of our brand – LinkedIn, YouTube, and Twitter.

5 Develop a marketing strategy: The main part of our strategy was organic growth, of which was from a combination of social media inbound leads or word-of-mouth referrals.

6 Product development: Started working on an MVP for potential customers and for investors to judge – after that the goal is to continuously improve the MVP based on feedback.

Since launch, what has worked to attract and retain partnerships/customers?

Continuously improving the product by getting feedback from partners and customers. You want to create something that is of value to the customers.

What has taken you from 0 to 100?

When we realized that we are solving something that is a real pain point for many companies and their employees.

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