Years-long decline before final shutdown · Fatal mistake: Ecuador AI enterprise: Petroecuador (state oil) used Baker Hughes AI; IESS (social security) used Oracle AI; Banco Pichincha used Spanish parent AI; remaining enterprises (200 companies) used Salesforce Einstein or SAP AI through existing contracts
Evaluating only AIEC’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. Documented cause: Distribution.
Key Events Timeline
FOUNDING
CRISIS
SHUTDOWN
Full Analysis
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Documented cause
AIEC built enterprise AI for Ecuador. Oil, banking, government all covered by parent/global AI. 200 remaining companies used Salesforce/SAP AI. No independent channel.
Lesson
“Ecuador AI must target the shrimp export and banana export SME sectors — these sectors have 3,000+ independent exporters without parent company AI and are the largest non-oil export economy in Latin America.”
Failure anatomy
Collapse type
Slow Death
🐌 LOW
Hype cycle
Peak
Moat type
Technology
Fatal mistake
Ecuador AI enterprise: Petroecuador (state oil) used Baker Hughes AI; IESS (social security) used Oracle AI; Banco Pichincha used Spanish parent AI; remaining enterprises (200 companies) used Salesforce Einstein or SAP AI through existing contracts