In a market as competitive as the current one, no one disputes (or does they?) that companies are required to undertake digital transformation processes, not just to differentiate themselves from the competition, but for the very sake of making a living. However, it is also true that many companies “complain” that “digitization” is only theory, remains dead letter and becomes nothing real, tangible. The biggest concern is whether they will lose competitiveness as part of this digital transformation. Many companies fear that these processes are expensive, time-consuming and lengthy.
undergroundFounded by Alfonso Diez Y Albert CortesGet rid of all those fears. “We are a company that specializes in helping Spanish and foreign companies to carry out ambitious digital transformation projects of companies with low risk and low cost, quickly and efficiently,” explains Díez.
These mathematicians have developed technology “that represents a paradigm shift in the world of information systems and an extraordinary alternative to the software traditional”.
Uground, one of the 50 Spanish startups included in our fourth “Entrepreneurs List”, is a highly productive technology platform that enables the creation of company “digital twins” “by interpreting the company’s business logic and eliminating coding . This is invaluable to businesses as it gap between business and technology, transforms knowledge into a digitizable and reusable asset, enabling them to do whatever the softwarebut much faster (in weeks instead of months), flexible (changes possible at any time), integrable (with any existing technology), robust (maximum security and functionality), scalable (in users, transactions, markets… ) and transversal (fixes problems in every area of the company with a single technology), in addition to the ability to tackle problems that are unsolvable with traditional technologies”.
His US-patented technology is what’s known as “semantic engineering,” which, “translated” into the language of “mortals,” essentially allows “to eliminate programming entirely and rely on interpreters of human knowledge.”
Díez recalls that the beginnings were difficult, but “we had a strong argument as we had the fastest development technology on the market and our customers demanded speed. This has evolved into a much more ambitious value proposition based on enterprise transformation to digital models, equivalent to the creation of a ‘digital twin’ of each company. Basically, we help companies to seamlessly transition from a traditional model to a digital model without ceasing their activities, enabling existing technologies to coexist with a modern, agile, flexible and code-free platform to create new products and services with minimal risk to market much faster than with traditional technologies. Thanks to this innovative proposal, today our own customers are the ones who recommend our technology.”
Uground already has more than 30 customers, mainly banking, insurance, human resources and services. «We work in Spain, Portugal, Argentina, Brazil and Egypt. Our value proposition is transversal and allows us to offer solutions in all types of sectors and business areas. The fact that our technology offers unlimited scaling rates allows us to address mission-critical solutions in large enterprises.”
Díez underlines the planned international expansion plans: Europe and Latin America in the period 2019-20. “And we also want the vision of business transformation based on ‘digital twins’ to become a benchmark for CEOs of medium and large companies, enabling a multitude of companies to tackle important competitive transformation projects. To do this, we are creating a strong network of integration partners with major consultants in Spain and outside our country».
Uground participating in the consortium Lowcomotecomposed of five European universities (Spain, France, England, Italy, Austria) and nine private companies from different countries and funded under the European Union’s MSC program to create a new generation of experts in Low-code engineering platforms, has so far been funded by private investors thanks to the benefits of its services as well as some capital contributions. Another important channel was soft funding through organizations like CDTI or ENISA and grants from the European Commission.