Grasping the ferry ticket through the economic cycle, what did iFLYTEK do right?

Behind the ongoing Beijing Winter Olympics stands a number of cutting-edge technology companies, iFLYTEK is one of them.

At the recent iFLYTEK annual conference, Liu Qingfeng, chairman of iFLYTEK, revealed that in the past 2021, iFLYTEK received many thank-you letters from many parties, including the Beijing Olympic Organizing Committee. iFLYTEK is the first official automatic speech conversion and translation exclusive supplier ever to help build a barrier-free Winter Olympics, including the construction of a speech and language service platform for the Winter Olympics, while supporting 60 language speech synthesis, 69 language speech recognition, 168 language machine translation and 3 language interactive understanding. It has developed portable translation equipment, wearable translation equipment, intelligent question and answer equipment, event multimedia conference office and information release system for the Winter Olympic Games, and provided voice translation services to the unified public service APP "Winter Olympic Pass" of the Winter Olympics according to the unified requirements of the Winter Olympic Organizing Committee.

This is naturally another typical case of scientific and technological innovation breakthrough and high recognition, and it is also a part of the achievements of iFLYTEK in the opening year of the 14th Five-Year Plan.

Looking back at iFLYTEK's 2021 and observing its layout plan for 2022 and the 14th Five-Year Plan, it is not difficult to glimpse the underlying logic of an enterprise to achieve business evergreen and new upgrades, as well as the in-depth changes that are taking place in the industry and market under the development of social and economic transformation.

Nice fourteen-five start

iFLYTEK's "14th Five-Year Plan" started well.

Liu Qingfeng, chairman of iFLYTEK, called 2021 the "year of base business roots", which can be understood as the "seeding and rooting" of more base areas and subdivisions in meeting the continuous demand demand and value creation, including education, medical care, consumers, smart cities, operators and automotive intelligent services, which are multi-faceted and blossoming. This not only allows more cities and industries to have more development and upgrading possibilities, but also allows iFLYTEK's own business tentacles to extend and penetrate into a broader market space, with more fruitful results. Liu Qingfeng revealed that iFLYTEK will grow from 10 to 13 base cities in 2021, and many businesses have landed outside the province to form benchmarks.

Taking the smart city base as an example, in 2021, iFLYTEK built a Jianghuai big data center platform to serve the sons and daughters of Jianghuai and the people of Anhui, and 16 prefectures and cities in the province have been connected, and 1 trillion pieces of data have been exchanged, and the interface data of the national ministries and commissions has been shared and called in the top three in the country; the Anhui Shitong APP has been called 330 million times, with tens of millions of active user groups.

In terms of subdivision areas, taking the education base area as an example, in 2021, iFLYTEK built a talent-based teaching solution for cities, counties and districts (G-end), a hierarchical personalized homework program for schools (B-end), and an iFLYTEK AI learning machine for children (C-end), forming its core logic and solution.

Specific to the application effect, one case is in Bengbu, Anhui Province, where the efficiency of teacher preparation has increased by 33%, the ineffective and inefficient exercises of students have been reduced by 49%, and the rate of reaching the line has increased by 20%.

The more detailed information is that the new results brought in many places have enabled iFLYTEK to obtain more than 500 thank-you letters in 2021, which also confirms that in the context of national double reduction, its teaching according to its aptitude meets the needs of the country, meets the educational concept and is worth vigorously promoting.

The base business is a vital player in iFLYTEK's current and future. In addition to this business being the "first round" that supports iFLYTEK's 14th Five-Year Two-Wheel Drive Strategy, it is more directly in that the business helps iFLYTEK obtain long-term and stable growth in revenue, so that it has a long-term base ferry ticket through the economic cycle, and can calmly innovate and change the world, forming a benign and continuous circular effect.

This is not only the core of the base business "to meet the social needs, to promote social progress with value creation", in short, under the just demand is the stability and continuous expansion of the market space, and the timely response of supply capacity and the forward-looking leadership of continuous upgrading naturally bring deep fit and achieve business evergreen; at the same time, it means that iFLYTEK has a more prominent and more substantial sustainable meaning in the selection and deepening of subdivision tracks.

Liu Qingfeng revealed that at present, iFLYTEK's base business has constituted a sustainable development model of "just need + generation difference", and it is expected to grow by more than 60% in 2022, entering the development harvest period.

Corresponding to other key data he revealed, that is, iFLYTEK will reach 25 bases in 2022, and the gross profit of the contract will double.

This means that compared with 2021, the scale of its base areas has nearly doubled, and the growth rate has also jumped significantly. At the same time, in 2022, iFLYTEK will build the first national benchmark for the operation mode of data base + APP in Anhui, which will be another major breakthrough.

In this way, he dared to say such a thing publicly: 2022 is more confident than ever, and he is full of confidence in achieving the 14th Five-Year Plan goal.

The possibility and deep logic of the 14th Five-Year Plan

Systematic innovation is a "nother round" of the above-mentioned iFLYTEK two-wheel drive strategy, and it is also the gene that iFLYTEK is born with and originates from the bloodline, which can solve major social propositions, including education, medical care, pension, and smart cities, which need systematic innovation, to achieve a number of key technologies at the bottom of the pull-through, while forming a linkage of technology, product and service management resources.

Its importance and long-term value are highlighted by the fact that iFLYTEK has seen more and more thoroughly the social application of artificial intelligence, and has found that in order for artificial intelligence to solve major social propositions, it is necessary to build a complex intelligent system of human-machine collaboration and self-evolution. In 2021, on the basis of business development, iFLYTEK is systematically preparing for systematic innovation and launching platforms and products on the basis of business development, from core technology research and development platforms to application development technology centers.

This includes consolidating the AI R&D base platform, continuously building the underlying capabilities of systematic innovation, and stepping up the integration of software and hardware to strengthen the underlying capabilities of systematic innovation.

Liu Qingfeng revealed that in 2021, iFLYTEK has officially launched 60 languages and 5 categories of capabilities, increasing its research efficiency by 50%, and the results of key applications exceed expectations.

The above-mentioned voice and language service platform serving the Beijing Winter Olympic Games is also direct evidence.

How to understand the possibilities of iFLYTEK's 2022, 14th Five-Year Plan and even longer cycles?

Liu Qingfeng announced that the launch of the iFLYTEK Super Brain 2030 program is an observation portal. The goal of the plan is to make artificial intelligence understand knowledge, good at learning, and able to evolve, so that robots can enter every family. More specifically, iFLYTEK should continue to lead the future development of artificial intelligence, realize the source technology of artificial intelligence and make a breakthrough one step forward, from the current local artificial intelligence to a more general artificial intelligence.

Liu Qingfeng has a judgment that artificial intelligence will be an important engine for promoting social progress and sustained economic prosperity in the next decade, with a head goose effect.

This is inseparable from a big background, digital economy, digital China.

At the top policy end, there are already drawings. As early as the 2021 government work report, that is, the 14th Five-Year Plan proposed to build a digital China, and then the "14th Five-Year Plan" proposed to "accelerate digital development and build a digital China", artificial intelligence is one of the key industrial sectors; in January this year, the State Council issued the "14th Five-Year" Digital Economy Development Plan, which more specifically clarified the guiding ideology, basic principles, development goals, key tasks and safeguard measures for promoting the healthy development of the digital economy during the "14th Five-Year Plan" period.

Multiple policies reflect the present and future of the corresponding market.

It is not difficult to find that iFLYTEK's base business, systematic innovation and policy, and market have a direct "co-production", and have the obvious meaning of layout under forward-looking cognition.

The logic is also relatively simple, to truly meet the needs of users or to solve the needs of society, and to provide a unique product or service, to maintain leadership in scientific and technological innovation, the business has ecology, then in a long economic cycle, even if the economy has ups and downs, but the core main line of enterprise and economic growth has a deep "binding", it can also achieve continuous running out of the "rising line". This is the enlightenment brought by iFLYTEK, and it is also one of the entry points to understand its 14th Five-Year Plan goal of "one billion users, 100 billion revenue, and trillion ecology".