In the landscape of American entrepreneurship, Mengying Sun’s story stands as a beacon of innovation and empowerment for small businesses. Her journey, marked by a blend of technical acumen and a deep understanding of small business dynamics, showcases how technological innovation can be a game-changer in leveling the playing field for small enterprises.
Groundbreaking Innovations Stem From Graduate School
Mengying’s innovation journey began at Purdue University, where she pursued a master’s degree in business analytics. Here, she not only honed her skills in data science, Machine Learning, and AI but also applied them innovatively. A notable example was her creation of a machine learning model for a local furniture company, K.A Component. This model predicted workflow on the assembly line, leading to a significant increase in efficiency. By optimizing assembly line management, the company saved an average of 240 workforce hours and boosted revenue by $117,000 per line in a year. This groundbreaking work earned Mengying a spot to present at the Python Scipy 2020 conference, marking her first major step in empowering small businesses through technology.
From Graduate School to Wall Street
Post-graduation, Mengying transitioned to the corporate sector, joining American Express Company, known as one of the most famous financial services companies at Wall Street. As a data science manager, her role in Commercial Analytics and Risk Management involved leveraging data analytics to enhance payment and spending solutions for commercial clients, primarily small business owners. This experience deepened her understanding of the challenges small businesses face and sparked the vision to create technical solutions tailored to their needs.
Dental Wise Technologies: A Visionary Startup
Mengying’s entrepreneurial spirit was further ignited by her personal experiences with the U.S. dental care system. Identifying inefficiencies in dental clinic management, she founded Dental Wise Technologies. This startup aims to revolutionize dental care by providing a tech platform with features of in-house payment assessment models and a dental treatment workflow optimization system. By integrating her expertise in workflow prediction and credit risk modeling, Mengying’s platform enhances treatment efficiency, optimizes appointment scheduling, and cuts off financial cost for dental clinics. This innovative approach not only benefits patients with timely and affordable care but also aids clinics in managing treatments and reducing dependency on third-party lenders. “Imagine how our platform can transform dental clinics: by predicting no-show patients before their appointments, clinics can efficiently utilize these vacant spots to treat other patients on the waiting list. Additionally, for patients who cannot afford dental treatment or fail to secure a loan from third-party vendors, our platform offers a viable solution. Utilizing our tailored credit risk model, we provide an opportunity for these patients to obtain in-house dental loans, enabling them to receive timely treatments” said by Mengying.
Championing Small Businesses in the Dental Industry
The rise of large dental chains poses a significant challenge to small dental clinics in the U.S. Mengying, with her deep understanding of small business operations, is determined to empower these entities. Dental Wise Technologies stands as a testament to her commitment to helping small businesses thrive amidst competition from larger firms. By leveraging data science, Mengying is not just enhancing dental care but also ensuring the sustainability and growth of small businesses in the industry.
Making It Happen
Mengying Sun’s journey from a graduate student to a tech entrepreneur encapsulates the essence of innovation and empowerment in the small business sector. Her story is a vivid example of how technological advancements, when aligned with the needs of small businesses, can create impactful solutions. Through Dental Wise Technologies, Mengying continues to pave the way for small businesses, empowering them with the right tools and vision to compete and succeed in today’s challenging market landscape.
