Uruguayan technology company recognized in Hong Kong

Tryolabs, specialized in Artificial Intelligence, won the Hackathon of the German insurance group Allianz.
Publication date: 25/07/2019

The Uruguayan technology company Tryolabs, specialized in Artificial Intelligence, won the 48-hour Hackathon organized by the German insurance group Allianz in Hong Kong.

The company's engineers who worked for this achievement were Alan Descoins (CTO), Facundo Parodi (Machine Learning Engineer) and Agustín Azzinnari (Lead Machine Learning Engineer). They were able to implement in the 48 hours that the competition lasted the best artificial intelligence solution applied to optimize the performance and automation of the operations proposed by Allianz.

The German company invited Tryolabs to participate together with several companies from the world of this Hackathon and selected them for their experience in natural language applied to text analysis.

"The selection to compete against two other global companies in the resolution of a case was already a super strong validation for us, because it implied being recognized for our trajectory and experience in the area," said Martin Fagioli, Commercial Manager of Tryolabs.

From a concrete and commercial point of view, this award will allow the Uruguayan company to open conversations with Allianz to collaborate and gives them visibility in the market. But for Uruguay, recognizes Fagioli, "it is a recognition that validates the world level that the country has in artificial intelligence development and the first level training it offers in this sense.

In fact, the Faculty of Engineering of Uruguay, belonging to the University of the Republic, announced the approval of the master's degree in Data Science and Automatic Learning, giving a new sign of the country's commitment to support the evolution of this sector.

Tryolabs, which was created in 2009 to meet the needs of startups and small businesses, currently has 50 people working as dependents in Uruguay and grows 20% annually in human resources year after year. With more than 90 clients to its credit, it currently works with U.S. companies in the Silicon Valley area and is aiming to close deals with the largest companies in that region.

Uruguay: a technological revolution in just over a decade

Uruguay is a first-class business center, which has made notable advances in technology in recent years. The country has exceptional Internet connectivity and penetration. 75% of households have access to fiber optic Internet with a high download speed and 100% of all public schools are online. It is the only country in the world that provides free laptops to all public schoolchildren and is a global example of how to incorporate technology into education.

Uruguay is the most advanced Latin American country in the development of ICT, and has the most accessible price of mobile Internet, in addition to the highest download speeds in the region. It also has the best data center in Latin America and a submarine cable with a connection to the United States. These qualities and its business climate position it as a corporate services center for the region and the world.

It is also one of the leaders in the adoption of the IPv6 protocol (10th in the world according to the Google IPv6 Country Rank). In addition, it is the first country in Latin America to begin the deployment of a 5G commercial network.

The significant increase in data traffic speed, combined with free zones, shared service centers and attractive benefits, makes Uruguay the number one in Latin America in e-services. For this reason, it is not surprising that more than 400 international companies are choosing to make Uruguay their base from which to serve the rest of the region.

In addition, Uruguay is part of D9 -along with Canada, South Korea, Estonia, Israel, New Zealand, Portugal, Mexico and the United Kingdom-, the most advanced countries in the world in terms of development and digital government. The D9 promotes connectivity, digital citizenship, encryption for children, open government, open standards and code, and people-centered government.