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CY2CODE: Possibilities are Endless
More often than not, the approach to business has been one-dimensional, bereft of richness and depth. While attempting to see patches of a promising future through a lens fogged by challenges, leaders usually miss out their moment of philosophical reflection to understand the nature of their innovations and the ways technology as an inherently political and value-laden tool can help accomplish those. Widely regarded as irrelevant in businesses, the discipline of philosophy can help pave the way forward for the leaders to think rigorously about value and purpose. The result of this is what Aristotle referred to as phronēsis (practical wisdom). No one agrees on this more than Byeong Rhee, Founder and CEO, CY2CODE.
With a zeal to ‘make it possible to think of the impossible,’ Rhee follows the path of philosophy to set the tone for his team at CY2CODE—a leading IT company that holds multiple Digital Contents Original System (DCOS), multimodal and blockchain-related patents. Having more than a decade of experience in various leadership positions, Rhee believes that success comes to those who have a goal to achieve based on the philosophy and ideas of individuals and companies. In tune with this, the experts at CY2CODE are “coding the infinite possibility” with the power of big data. In doing so, he maintains that an organization must have a direction that leads to the goal, technology to support it, and above all, competent employees to achieve it. He combines all these aspects cohesively to recreate the fundamental ingredients for his company CY2CODE. “We create a business model for sustainable development and growth by using cutting-edge technologies including blockchain, big data & AI, multimodal and DCOS,” Rhee adds.
Transforming Data into Success Stories
At the core, the folks at CY2CODE are turning data into success stories. Despite big data not only creating disruption but also enabling business opportunities that were not possible before, organizations continue to view it as a complex, step-by-step process of data collection, purification, analysis, and services. To make things worse, most of them lack the skills and the technology required to maximize the outcomes of their big data projects. In essence, companies are challenged with securing and upgrading technology at each stage (especially when using open source) of creating a business model. Moreover, when it comes to creating a platform, these organizations rely on a stationary offline system, wherein the step-by-step process of data collection, purification, analysis, and services needs to start from scratch every time new data is generated. In the wake of the challenges, enterprises need to create and secure their technology step by step, followed by adding automation to the process.
Rising to these challenges and needs, the highly seasoned team at CY2CODE brings in its self-developed technology for collection, refining, analysis and services, which also enables the automation function. To ensure success in big data projects, the company leverages a content model development methodology, instead of a data model, for structured, unstructured and semi-structured data.
Unlock the Combined Power of Big Data and AI
CY2CODE specializes in developing big data and AI-powered custom solutions for corporations, which also includes delivering data analysis, AI / machine learning, data visualization, API and AI Chatbot services. The company maximizes the use of big data technology to provide neural network-based, pre-learned models and the latest machine learning services. The technology is also utilized to power a variety of AI applications for enterprise customers, boosting productivity and efficiency. The differentiated AI technology that CY2CODE employs delivers three services: Cybo Natural Language, Cybo Visual Recognition, Cybo Speech Recognition. The Cybo Natural Language service uses word embedding to understand the structure and semantics of various languages, which can be used to extract information contained in text documents owned by a company. Besides, CY2CODE’s technology allows analyzing emotions in language or identifying intentions. With Cybo Visual Recognition, the company can classify document images into thousands of categories (ex. Resident Registration Certificate, Resident Registration Draft, among others) and find and read the text in the images.
We create business model for sustainable development and growth by using cutting-edge technologies including blockchain, big data & ai, multimodal and dcos
With Cybo Speech Recognition service, the user’s voice (words and phrases in spoken language) are identified and converted into text. Moreover, the service can be used for various purposes, such as setting a function to manage commands using voice. Users can also leverage voice synthesis to create a natural voice similar to the voice of a specific speaker. Backed by AI, these services eliminate a human-controlled method and automate the process to develop intelligence.
CY2CODE empowers enterprises with AI to help them replace human services such as consultation, service, and analysis. The technology also takes charge of handling customer difficulties, in turn, minimizing the cost of time, and labor, and improving the quality of service.
The existing industry-wide solutions utilizing AI and big data are not enough to alleviate the predicaments faced by enterprises. This is where CY2CODE is in a class by itself for its unique methodologies and rich industry experience. In a recent engagement with an insurance company, the big data-based customer counselling service from CY2CODE played an instrumental role in building big data by digitizing information about the client’s products. CY2CODE also provided a system that automates counselling services for call centers by applying AI. Big data coupled with AI not only replaced the call center’s tasks such as insurance counselling, tax consultation, product introduction, and more, but also enabled various functions such as text search, documents, pages, keywords, and AI chatbot services. CY2CODE also assisted the client in continuous data accumulation, whereby they could automate what employees can do, improving both productivity and efficiency.
CY2CODE’s efficiency was on full display when the company developed an anomaly detection system with regard to VAN card, ISP approval and payment for a merchant in Korea. The merchant processes several customer’s approvals in a day, and about 3 percent of these cases are faced with inaccurate processing. This problem leads directly to the loss of customers, VAN companies, and banks. Team CY2CODE enabled the process of collecting, storing, and analyzing six process information in real-time, including three one-way, processing, and distribution, and three reverse processes, into big data. In addition to 3,000 known events, related analysis, process analysis, and result analysis were conducted. Rhee identified the information about abnormalities and developed a system that can solve problems of customers, VAN companies, and banks by supplementing business processes. In addition, he also enabled a continuous upgrade of trend errors and business logic to help resolve problems gradually.
Currently, CY2CODE has developed the first version of their artificial intelligence futures trading platform, based on real-time big data. It is divided into two research platforms for financial companies and research institutes, and a platform that maximizes profits by providing data and manual/automatic futures trading systems to customers. It will be released in the first quarter of 2020.
Cutting-Edge Blockchain and Content Verification Services
Besides big data and AI-powered custom solutions, CY2CODE also delivers context blockchain-based services, patented technology, including developing platforms, building blockchain solutions for corporations, issuing Tokens or Coins, and consulting registration of digital currency trading platform. The company also provides marketing and advisory services for developing the blockchain business model for its clients. While blockchains mainly use concepts such as mining or smart contracts based on time, CY2CODE’s context blockchain technology is based on concepts such as time, space, and environmental information. This way, the company is resolving the limitations of conventional blockchain platforms with its cutting-edge technology to enhance the reliability of smart contracts.
From the security perspective, CY2CODE offers origin verification technology (DOCS) of digital content (video, audio, electronic documents, images, text, and more), as a middleware (ex.WAS) concept. Rhee stresses that with the widespread use of content-producing terminals and the Internet, indiscriminate copying of content has surged.
The origin verification technology of digital content possessed by CY2CODE certifies the identity information of the contents using the attributes (time of occurrence, location, and more) and metadata of the contents, rather than file units. This certification is then authenticated as the original, and when it is copied, the original and the copy are distinct. In the copy, the owner of the intellectual property rights of the content cannot be changed, and control of this information is also given at the time of distribution. In addition, a settlement is also made possible based on this.
"With our origin verification technology of digital content, we can contribute to the management, settlement, and prevention of illegal copying of intellectual property rights of individuals, businesses, and governments who own content"
In a nutshell, it is a technology that controls processes ranging from the creation, distribution, tracking, settlement and disposal of content. “With our origin verification technology of digital content, we can contribute to the management, settlement, and prevention of illegal copying of intellectual property rights of individuals, businesses, and governments who own content,” adds Rhee.
Based on ICT / IoT technology, CY2CODE has secured a platform that provides services to users through multimodal, information collection and information delivery technology.
A Step ahead of the Competition
The fact that CY2CODE holds patents on related technologies and conducts continuous research at the research institute speaks volumes about the company’s commitment to innovation. With regard to development methods, CY2CODE has adopted the content development methodology rather than the existing development methodology to maintain productivity. This content development methodology also allows reducing the development period of from 1-2 years to 3-6 months).
The uniqueness of the company also stems from its highly dynamic team that includes employees with 20 to 30 years of experience in development, design, and consulting. That’s not all; According to Rhee, philosophy is the key differentiator between CY2CODE and other companies. “We believe in creating the right technology at the right time, increasing productivity, reducing costs, and developing new business models. Secondly, our strong combination of technology acquisition, development methodology and security technology make us unique in the market,” he adds.
A Commitment to Innovation
Rhee is evidently buoyant about the potential heights that CY2CODE can reach in the coming years. He is one of those who adhere to their vision, put on the blinders to stay focused and continue walking one way in their field. While his dream turned into a reality with the establishment of CY2CODE last October, Rhee is now augmenting his vision with the aim to create a blockchain-based global financial network platform evolved from the merger of the company’s ECP and blockchain platform. Besides, CY2CODE is in the final stages of work to unveil its AI-based legal and educational services.
Rhee’s ambitious goals for CY2CODE also involve the zeal to succeed in global business in the IT powerhouse Republic of Korea and contribute to world peace through social projects. “In doing so, my business management philosophy focuses firstly on my employees, secondly on the shareholders, and the third are the partners and dream of them growing together. Above all, my focus is on the customers who bring these three entities to work together,” says Rhee.
Moving ahead, CY2CODE will spread its wings beyond just Korea and push for globalization. The company is excited about the launch of its trading system that leverages big data-based artificial intelligence technology, moving from people to machines. “Starting with the futures trading system, we will complete a global financial network platform based on blockchain-based coin exchanges, legal information services, auction information systems, and more, and it will be available to over 100 countries across the globe next year,” Rhee concludes.
December 10, 2019