WiseAiTec Selected for AI-Based Platform Project for Public Institutions

[Asia Economy Reporter Hyungsoo Park] Wise I Tech, a company specializing in artificial intelligence (AI) and big data, has recently been supporting government-led digital innovation by undertaking numerous AI-based platform construction projects in the public sector.

Wise I Tech announced on the 26th that it will commence the 'Green Startup Town ICT Convergence Center and Platform Construction Project,' led by the Chungnam Information & Culture Industry Promotion Agency.

This project is part of the Korean New Deal initiative aimed at fostering startups. It establishes a foundation for nurturing startups utilizing core technologies related to the 4th Industrial Revolution, such as AI, big data, and cloud computing. The Green Startup Town will house over 200 startups and research companies. It will build an ICT infrastructure environment including a big data utilization platform, AI model development solutions, and a cloud management portal. By constructing the platform, resident companies can receive customized information and support services as needed. The total project budget is 4.2 billion KRW.

Wise I Tech has also secured the '2022 Return-to-Farming and Return-to-Village Integrated Platform Construction Project,' led by the Korea Agency of Education, Promotion and Information Service in Food, Agriculture, Forestry and Fisheries, and is currently advancing the project. The goal is to provide prospective return-to-farming and return-to-village individuals with preliminary information and services necessary for farming activities, job acquisition, housing decisions, and community integration. By collaborating with relevant ministries and local governments, a user-centered support system will be established to facilitate the formulation of effective policies.

Wise I Tech applies AI and data convergence technologies along with AI personalized recommendation algorithms to actively identify the demand of those wishing to return to farming and villages, providing tailored information, consultation, and educational services.

Lee Jae-dong, Vice President of Wise I Tech, stated, "The consecutive project wins once again prove that Wise I Tech is a leading company in the AI and big data industry," and added, "We will continue to solidify our position as a market-leading company through steady technological development and participation in diverse projects."

Wise I Tech recorded an average annual sales growth rate of 31% over three years from 2019 to last year. It expects to maintain this growth trend due to the acceleration of the 4th Industrial Revolution and the government's active IT industry promotion policies.