Kavak uses AWS to power innovative machine learning applications in Mexico
Source：AWS
From：Taiwan Trade Center, Mexico City
Update Time：2021/07/12
Amazon Web Services (AWS) and Kavak, the first Mexican unicorn, implement 'High Gear' Machine Learning (ML) and a serverless architecture. "It is astonishing how much you can accomplish and scale if you truly understand how machine learning can enhance; in a lot of cases, it can completely take over the decision-making process," writes Carlos García, CEO and Co-founder of KAVAK.
AWS explains that the consumer auto industry "has been slow to find its footing in the digital age. It almost sounds too good that a car could show up at your door with your name on it, unless there was a way to bypass the rigmarole of the buying experience. Enter Kavak, the tech startup that’s in the fast lane toward the future of automobile sales," writes Mike Tom of AWS.
Kavak can recommend models based on the client’s needs and guarantee that everything is in shape. The company now offers credit and financing solutions through its new program Kavak Capital. Data science has helped the company to escalate its business to 17 locations in Mexico and more in Argentina after purchasing checkars. Machine learning has been key to optimizing processes and "leveraging a serverless-first infrastructure."
“We use machine learning in many parts of our business including pricing, recommendations, credit scoring and process automation. For example, one model estimates the probability that each auto part will need to be replaced, taking into account the car’s age, mileage, brand and other factors,” says Anders Christiansen, VP of Data Science at Kavak. "It is undeniable that machine learning and AI in the next years will exponentially multiply what disrupters can accomplish through internet and software," agrees García.