As disruptive concepts like artificial intelligence and big data not only drives the world forward, but change the shape of business landscape, smaller franchises are at risk of being left behind. Democratizing services to these services is Qubo’s Technologies & Systems, ready for franchises all the way from Microsoft to those run by “one guy with a truck”. We profiled the company to discover more about their exciting endeavors.
Although a small multinational with just under four years of operation under its belt, Qubo has already had a major impact on the world with business in both the US and Brazil. Not many fledging companies can count on Microsoft as one of its clients, and many would consider looking to smaller business as a bad decision.
Qubo’s raison d’etre is improving a client’s bottom line through the use of Artificial Intelligence software and services. It considers the use of this technology intrinsic to successful operation in 2020 and works on the principle there is no need for business not to have access to these resources. It’s this approach which fueled the design and the development of a franchise ready solution, incorporating Artificial Intelligence algorithms, that could be sold at a price that would allow the smallest franchisee to not only afford it, but feel the benefit.
The overall mission is to encourage these smaller companies to dream as ambitiously as their larger counterparts, with Artificial Intelligence being used as the main tool to achieve this goal. Having access to state-of-the-art decision-making tools, such as Qubo’s, means that there is a competitive advantage for these smaller providers. An example of this is Qbot, a business assistant for the franchise market, able to use customer and socio-economic data to predict the impact of the actions taken and to analyze the best possible scenario. This is a result of disruptive approach that is always looking to improve, with the idea of perpetual innovation keeping this cutting-edge company at the forefront of technological development.
Qubo’s franchise-ready AI proprietary algorithms combines this innovative technology with the requirements of any business. Able to collect information from the main other applications in the industry, or from franchisees, without major workload, it represents a great step forward in terms of data sourcing. That said, this is not the fact that makes Qubo unique. That lies in Qubo’s Data Scientists, that have been trained in the proprietary methodology that the only purpose of collecting this data is to go where human brain cannot go along. That is why companies like Microsoft and Neighborly place such stock in the work of Qubo. It is because the potent combination of software, people and methodology.
There is no other company capable of using machine learning to help clients with their predictive analysis challenges to such a high standard. This had made it a market leader that is keenly aware of the challenge that being a small franchise brings to the field of big data. That primary lies in the fact that franchisees often don’t create enough data about their business, leading franchisors to rely on data that is not always reliable. Changing this will be a challenge in the long term, requiring franchisees to use the proper tools to collect and share the necessary data, but in the short term the option of hiring a company to take collect information or use statistics methods to transform this “poor data” into actionable advice.
With the aim to be as cheap, pervasive and valuable to its clients as Netflix, Qubo has incredible ambition for the future. Qbot is the tool that will seep into every aspect of a franchise, with the next five years seeing at least 100 franchisors and 30,000 franchisees served by the organization. The rapid adoption of this software across the USA will allow growth in other countries. Key to Qubo’s thinking is the adoption of AI as a tool as opposed to a threat. It will open a new set of opportunities as opposed to the end of them.
The belief in AI as a tool is what moves the company forward. It drives every decision that the business has made. The democratization of this technology returns power to smaller businesses, allowing them a chance at making the most of this brave new world.
Source: Qubo was named "Best Large Franchise Data Analytics & Cloud Solutions Company 2020" by CV-Magazine. https://www.cv-magazine.com/issues/franchise-awards-2019/15/#zoom=z.