13. December 2023

Simplifai’s 2023: A Year of Growth and Transformation

As the year draws to a close, Simplifai Co-founder and CPO Erik Leung reflects on major achievements, new beginnings and challenges, while looking towards a promising 2024. 

Transforming the Workplace of the Future

This year has been marked not only by strengthening relationships with existing customers but also by welcoming new high-profile customers from the Insurance and Banking industries, who have chosen Simplifai as their AI Automation partner.  

Reflecting on the past year’s achievements, what we are most proud of is witnessing the transformation we have brought to our customers’ work processes. Supporting businesses on their automation journey, enhancing their operations, and seeing the substantial business value our AI solutions provide them, has been an exceptionally rewarding experience for us. 

The Year of Generative AI

2023 stood out as a landmark year for Generative AI, marked by the widespread recognition of tools like ChatGPT and DALL-E. The world witnessed this groundbreaking technology leap forward, reshaping industries and transforming how we perceive and interact with Artificial Intelligence. 

However, the year also brought its share of challenges in a turbulent global economy, leading to hesitancy among potential clients regarding new investments and increased competition. This situation necessitated a strategic shift for Simplifai. We streamlined our strategy, focusing on key regions and sectors to strengthen our local presence before expanding into new markets. 

A New Chapter for Simplifai

Alongside the changing market in 2023, Simplifai too was undergoing its own transformation. In May, we introduced a new brand profile including a new logo, color scheme, and slogan.  

This rebranding was more than just a visual makeover, it was a symbolic representation of our evolution from a small start-up company to an AI Automation partner for major corporations in the Banking and Insurance industries in Europe. 

It not only reflects our growth in expertise and capability but also our commitment to leading the way in AI-driven solutions for these critical industries. 

Vision for 2024 and Beyond

As we move into 2024, Simplifai will focus on deepening the engagement in the Banking and Insurance industries. Our strategy is centered around gaining a deeper understanding of the unique challenges and needs within these industries to deliver innovative and tailored solutions. 

In the coming year, the market should anticipate the launch of new groundbreaking AI solutions from Simplifai, designed to revolutionize manual work processes and significantly enhance efficiency. 

Building on our experiences and successes from 2023, we look forward to embracing both the opportunities and challenges that the new year brings, continuing our journey towards growth and innovation in the AI industry and bringing the future of work into today’s offices. 

Simplifai wishes all a Merry Christmas, and a Happy New Year!