Powering eWTP with big data analytics and artificial learning – fusionex

KUALA LUMPUR: It has been greater than a year considering that the Digital Free Trade Zone (DFTZ) campaign was introduced in Malaysia as well as although spotlight was only revived a week earlier during the launch of Alibaba Group Holding Ltd’s initial regional office here, several regional firms have actually already been hard at the office making the ambitious project a fact.

Big data analytics solid Fusionex International Plc is among them, having led a consortium which secured an agreement to supply the e-Services system for the DFTZ from the Malaysia Digital Economic Climate Corp

. The awarding of the contract was introduced in November in 2015 and according to Fusionex, has considering that been up and also running with greater than 3,000 little as well as average ventures (SMEs) on board presently.

” Increasingly more of these business are beginning to appreciate that it is very important to level up and also capitalise on the robust growth in e-commerce and the export market,” stated Datuk Seri Ivan Teh, owner and president of Fusionex.

He added that many regional SMEs that Fusionex has talked to are receptive, open-minded and cognisant of the worldwide language.

” They are open as well as intend to welcome innovation as long as it’s much easier, quicker, better, and also a lot more cost-effective than the status quo. Basically, they are positive yet could be facing obstacles in areas such as market access, funds, contemporary abilities and technology. This is where DFTZ’s e-Services can help them,” Teh informed The Side Financial Daily in an email exchange.

The platform is essential to becoming aware the e-World Profession System (eWTP) that has actually been among Alibaba’s vital efforts under the DFTZ banner and also intends to supply Malaysian SMEs accessibility to worldwide customers through ecommerce.

Fusionex

” The e-Services platform operates as a one-stop electronic profession assistance system, that is incorporated with a wide range of business solution platforms, e-marketplaces, federal government companies, logistics providers, freight forwarders, agents, SMEs and also various other service providers,” stated Teh.

The platform intends to “link the space in regards to knowledge, reduce expenses, along with stay clear of or reduce unneeded delays and encumbrances connected with the old means of manually doing things,” he claimed, including that it is implied to be extremely scaleable and inclusive.

According to Teh, the platform is powered by big data innovations, expert system (AI) as well as artificial intelligence and is “made to assist merchants– despite shape and size– to level the having fun ground, as well as do so without incurring expensive expenses”.

Fusionex is likewise riding on the stamina of Alibaba Cloud, what with being the latter’s main strategic companion in this area.

” They are a fantastic, fully commited companion,” Teh said of Alibaba Cloud, noting that the partnership is synergistic as the latter “has a great cloud offering, whereas Fusionex is a leader in huge information modern technology, AI and machine learning with a strong international online reputation.”

While Fusionex might not be a family name to most Malaysians, it has certainly made waves overseas. The business had, till July last year, been noted on London’s Option Financial investment Market.

Nonetheless, Teh had made a decision to take the business personal after 5 years on the marketplace because of what he supposedly said was a persistently undervalued stock.

Without divulging any numbers, Teh shares that Fusionex has “spent significantly” as well as will remain to invest as it is completely committed to guaranteeing the success of the e-Services system.

He did not reveal the names of the group’s partners in its consortium, however that they are local gamers with the relevant proficiency and experience.

Teh pointed out that like the DFTZ itself, the e-Services platform is not constrained to physical hubs such as the KL Aeropolis logistics center being established by Malaysia Airports Holdings Bhd and Cainiao Smart Logistics Network (Hong Kong) Ltd.

” e-Services will be an open platform that welcomes several organisation company, be it forwarding representatives, logistics players, as well as certainly very significantly, good neighborhood SMEs with wonderful Malaysian items.”

“The price advantages and also effectiveness these gamers delight in would eventually trickle down to customers [in the kind of] quicker, a lot more effective and also much more economical products and fulfilment,” he stated. More info: https://www.theedgemarkets.com/article/powering-alibabas-ewtp-big-data-analytics-ai-and-machine-learning

Higher Learning Institution Leveraging Fusionex Data Technology

https://www.businesswire.com/news/home/20180627005468/en/Higher-Learning-Institution-Leveraging-Fusionex-Data-Technology

SINGAPORE–(BUSINESS WIRE)–fusionex founder, a multi-award-winning data technology provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Artificial Intelligence (AI), and Deep Learning has rolled out a data analytics solution for an institute of higher learning of high repute in Asia to elevate its market intelligence by accurately determining market demand.

An institution of higher learning that has educated students for over 30 years, the client currently has a student enrollment of more than 11,000 strong and offers courses in Accounting, Communications, Computer Science, Early Childhood Education, Economics, Engineering, Hospitality and Tourism, Law, and Psychology.

Fusionex Founder
Fusionex Founder

The data management solution involves capturing information from online interactions on the client’s web portal and other domains for analysis to accurately discern student interest, course relevance, potential roadblocks against enrolment, and other such acumen.

Fusionex revamped the client’s web portal, transforming it into an intelligent data gathering platform capable of tracking user data. Specifically the web portal could measure how each user uniquely interacts with it and produces insights from this data to form a true 360-degree view of each customer. It can also determine which pages failed to capture user interest, causing them to drop off from the web portal. Such insights paint a more comprehensive and precise picture regarding the fluctuating levels of interest throughout a customer’s journey as they browse through the client’s web portal.

By leveraging on such comprehensive data collection and cognitive computing capabilities, the client could also monitor patterns of visit to their web portal via social media platforms such as Facebook as well as from online ads, giving the client a better understanding of their sales conversion rates and return on advertising investment.

Furthermore, the data management solution allows for the monitoring of popular online job portals and peer web portals, granting a holistic overview of the market; enlightening the client concerning popular jobs, courses peer web portals are offering, and the shifting tides of supply and demand in the industry. Such insights can play a vital role in cluing the client as to what strategies and plans to adopt to attract prospective students.

Fusionex will be advancing the client’s online visibility and presence via Search Engine Optimization, Machine Learning, AI, and Search Engine Marketing techniques while simultaneously running the client’s solution on Fusionex Cloud, leveraging the storage flexibility and cost savings it provides.

Ivan Teh, Fusionex Founder & Group CEO, commented: “We are delighted to deploy this robust data management solution as we look forward to it generating powerful insights for the client. This will enable the client to create relevant targeted offerings for prospective students and for students to find the most suitable courses that match with their individual talents and interests.”

Alibaba Cloud partners with Malaysia’s Fusionex to provide cloud solutions in Southeast Asia

KUALA LUMPUR, Sept. 26 (Xinhua) — Alibaba Cloud, the cloud computing arm of Alibaba Group, has partnered with Malaysian data technology provider Fusionex to provide end-to-end cloud solutions in Southeast Asian countries.

Fusionex Ivan Teh
Fusionex Ivan Teh

Both parties announced the partnership Tuesday that under the partnership, Fusionex will deploy its big data solutions on Alibaba Cloud’s infrastructure, and will also become the later’s key go-to-market partner in the Association of Southeast Asian Nations (ASEAN) region.

The two companies will also join forces in driving innovation in Big Data Analytics, Machine Learning, Internet of Things and Articical Intelligence.

Alibaba Cloud’s chief executive officer Simon Hu said that Malaysia is a starting point for the partnership, and the group hopes to expand it to the entire ASEAN region.

Ivan Teh, who also sees tremendous opportunity in ASEAN digital market said Malaysia will be the hub for the regional digital transformation.

“We have not set a timeline for the partnership, but we are looking forward to a long term relationship with Alibaba Cloud,” he added. https://about.me/ivanteh

Fusionex Managing Director Ivan Teh Wins the Most Outstanding Entrepreneur Award

Kuala Lumpur – 5 September 2014 – Fusionex Managing Director Mr. Ivan Teh was honoured in the Asia Pacific region by winning the Most Outstanding Entrepreneur Award at the recent 2014 Asia Pacific Entrepreneurship Awards Ceremony held recently at The Grand Hyatt Hotel, Kuala Lumpur.

The Asia Pacific Entrepreneurship Award (APEA) is a regional awards and recognition program for outstanding entrepreneurs across Asia Pacific, honouring male and female business leaders that have proven their enterprising spirit in the various industries that they participate in, whilst not neglecting their corporate social responsibilities.

Ivan Teh
Ivan Teh

Assessment by judges for the Most Outstanding Entrepreneur category is based on strict criteria; in particular, judges were required to assess whether the candidate for this award possessed the necessary entrepreneurial attributes to enable him/her to be a role model for future entrepreneurs as well as having the right temperament; the necessary tenacity, perseverance as well as other key qualities to continue inspiring, innovating and making a difference under adverse situations and environments.

Fusionex is one of the largest and most exciting IT company in the region with its arsenal of state-of-the-art products/solutions centred around business analytics and Big Data, many of which have won numerous regional as well as global awards and recognitions. In December 2012, Fusionex was listed on the London Stock Exchange as the largest technology IPO of the year, and was significantly oversubscribed with overwhelming interest from investors.

When asked to share his thoughts on being named as Most Outstanding Entrepreneur of the year, Mr. Teh commented, “I am humbled and pleasantly surprised to receive this great honour. This award is especially meaningful as it is not just about individual recognition, but more importantly this award serves as an endorsement of our [Fusionex] team’s talent, commitment and unquenchable passion that has driven all the innovation and success of Fusionex thus far. It is therefore only fitting that I dedicate this award to the ‘Fantastic Fusionex’ team; the strong partners and stakeholders whose confidence in us has been a pillar of strength; as well as our customers for the continuous support. This award will certainly spur our team to work even harder to reach greater heights, and to further excel at what we do. Thank you for this amazing recognition!”

The APEA has made its mark in over 12 markets in the region, making it the widest, most prestigious and accomplished awards of its kind. The APEA continues to be strictly regulated and judged, where only the most highly qualified candidates are selected through a stringent, multi-stage and multi-evaluation process, resulting in the APEA being a highly coveted award for entrepreneurs in this region. https://www.fusionex-international.com/Latest-News-Announcements/Fusionex-Managing-Director-Ivan-Teh-Wins-the-Most-Outstanding-Entrepreneur-Award-at-the-2014-Asia-Pacific-Entrepreneurship-Awards-Ceremony

Globalisation initiative a major boost for ict firms

PETALING JAYA: Over the past year, the increased awareness of the Internet of Things (IoT), e-commerce and cloud computing has prompted many Malaysian businesses to adopt new technological solutions for their day-to-day operations.

Malaysia Digital Economy Corporation (MDEC) is leading the country’s push into the digital domain with its Global Acceleration and Innovation Network (GAIN) program which was launched last year.

The program aims to assist high-potential Malaysian technology companies to grow and expand their reach domestically as well as internationally.

The program focuses on four main pillars – market access, risk capital, tech refresh and visibility. It is aimed to boost the annual revenue of GAIN companies to exceed RM100mil.

Among others, MDEC is recognising Fusionex International, iTalent Management Sdn Bhd and PanPages Bhd

as Malaysia’s Tech “Global Icons”.

These companies have demonstrated strong revenue growth and innovative business models, including an aggressive push towards establishing a foothold in the Asean markets.

Fusionex International

Fusionex International is a global, multi-award winning technology market leader specialising in a slew of future market catalysts, namely big data analytics, the Internet of Things (IoT), artificial intelligence, and deep learning.

The data analytics firm’s unique selling point is its ability to enable businesses to turn massive data streams from a liability into an asset, at speed, at scale, and with value.

 

It is this big push towards the next big thing that has propelled Fusionex into becoming a prominent market innovator.

Its CEO Datuk Seri Ivan Teh said that the firm is poised to capitalise on major trends occurring in the technology space where the physical and digital domains are set for convergence.

“Companies are constantly looking at ways to connect, collect, store, analyse and monetise the data that is being captured. This is the reason why data analytics tools are becoming increasingly important,” he said.

The group’s suite of solutions revolves around a proprietary core called Intelligent Data Management Platform, which is designed from the ground up to be easily configurable and extendable to suit the customer’s needs.

It also offers proprietary software with the provision of maintenance, enhancement, and support, together with expertise in consulting and implementation for its clientele.

According to Fusionex Ivan Teh has long enjoyed a strong relationship with MDEC, adding that the establishment of the GAIN program has become a platform where the firm’s market access has increased and partnership network broadened, both locally and internationally.

“This relationship with MDEC has opened doors for Fusionex to reach out to potential clients in new and existing markets. We are proud to be a part of this program and aim to turn Malaysia into Asean’s big data hub,” he said.

Market research firm Gartner predicts that enterprise data will grow 650% over the next five years with analytics taking the centre stage as the volume of data generated by embedded systems, social media, and other digital platforms increases and vast pools of structured and unstructured data are analysed.

Even though there is still learning curve required in the Big Data industry, organisations are coming to the realisation that they have no choice but to invest and move away from ‘gut feel’ decision making, Teh points out.

Not one to rest on their laurels, Teh adds that there are big plans ahead for Fusionex as it aspires to solidify its position as the region’s top big data analytics player.

“An official launch of an enhanced version of our big data analytics solution, GIANT 2016, is imminent very soon, and we will continuously expand our growing partnership network in the coming year,” he enthuses.

iTalent Management Sdn Bhd

iTalent Management Sdn Bhd is a software vendor which specialises in providing fully integrated cloud based enterprise human resource solutions.

With a presence in Malaysia, Thailand, and Singapore, iTalent was initially in the payroll outsourcing management business, but soon ventured and evolved into a more integrated human resource (HR) cloud computing solutions provider.

Established in 2008 and headquartered in Kuala Lumpur, iTalent’s CEO and founder Victor Phang says that the company has grown by leaps and bounds over the past eight years as it continues to gain a foothold in the region.

“We are optimistic on the growth of the enterprise solutions industry. Today automation, scalability and utility pricing models are the answers for many corporations to reduce cost while increasing their productivity. We can reduce at least 30% of the HR operation costs, and at the same time these legacy systems are getting more and more costly to maintain,” he explains.

Its HR cloud computing system, dubbed iTalent@sky, uses a fully integrated system which covers the entire spectrum of recruitment, compensation, performance management, and exit strategies.

Another offering is called Performance+, which is a program designed to help managers determine specific key performance indicators (KPIs) for employees.

iTalent Management Sdn Bhd founder and CEO Victor Phang

According to Phang(pic), iTalent’s participation in this MDEC initiative had resulted in an immediate breakthrough. Whereas previously the firm took almost a year to penetrate the foreign market,

“This initiative has been extremely helpful and important for local firms like iTalent for accessing international contacts and eventually could help us to export our solutions globally” he says. Through their participation in the recent Indonesia and Silicon Valley immersions by MDEC, iTalent has been able to establish themselves in these new market presence.

In spite of the challenging market environment currently, Phang is confident of the growth opportunities at hand as more and more corporations pivot towards adopting a broad-based and modernised HR solutions.

“Despite the unfavorable sentiment right now, over the next three years I think enterprises will continue to invest in new technology that is able to provide real-time analytics which are crucial for speedy decision making to stay ahead of the competition,” he opines.

Phang says that there will be more to come from iTalent as the company explores new markets.

“We plan to allocate more investment to train the second level of management to strengthen the internal leadership. At the same time, we will focus on the ongoing market expansion to Thailand, Australia and the Philippine markets by the end of 2017 with a target of 150,000 subscribers for the iTalent Digital HR system,” he says.

iTalent was recognised at the 2015 Malaysian Asia Pacific ICT Awards in the Best of Applications and Infrastructure Tools (Merit) and won the BPO Project of the Year at the 2014 and 2015 Outsourcing Malaysia Excellence Awards.

https://www.nst.com.my/business/2018/02/332209/fusionex-wins-mab-data-management-contract

Scroll to top