Research and advisory firm Gartner’s 2018 shortlist us – Fusionex Founder Ivan Teh

Multi-award-winning information technology company Fusionex has been shortlisted in worldwide research and advisory firm Gartner’s 2018 report on “Other Vendors to Consider for Modern Analytics and BI”.

Fusionex shortlisted by Gartner for its progressive and customized information platform

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Recognized in the report as an excellent international Analytics and Organisation Intelligence (A&BI) gamer, Fusionex’s analytics and information discovery platform GIANT was noted for offering progressive and customized contemporary capabilities in streaming analytics. The report likewise noted other crucial players such as Google, Splunk, and Amazon across different classifications.

In its report, Gartner mentioned GIANT as a quick time-to-insight platform and an end-to-end service with functions varying from information preparation and visualization to predictive and prescriptive analytics. The report went on to say that A&BI platforms like GIANT were known for their easy-to-use set of tools, which support a full series of analytics workflow and self-service capabilities that boosts the efficiency of a business’ IT division. GIANT’s Smart Query function was likewise applauded for allowing “users to ask concerns in natural language and gain instant insights.”

Fusionex Founder and Group Chief Executive Officer Ivan Teh stated, “We are honored that Fusionex was mentioned in Gartner’s report. Our group is dedicated to continue enhancing our offerings to much better serve our fast-growing customer base.”

Fusionex is working towards enhancing GIANT’s capabilities with a concentrate on sophisticated analytics, machine learning and artificial intelligence.

Fusionex was invited to the Gartner Data & Analytics Summit 2019 in Sydney, Australia to showcase its GIANT, Expert System (AI), Machine Learning, and Internet of Things (IoT) solutions, that includes streaming analytics. Fusionex Handling Director of New Technologies Jacob Isaac was a speaker at the event and shared how Expert system is an essential element for companies in leading the worldwide technology race.

Fusionex is a recognized multi-award winning information technology provider focusing on Analytics, Big Data, the Web of Things, Artificial Intelligence and Expert System. Its offerings are concentrated on assisting clients capture, store, procedure, evaluate and understand large quantities of structured and disorganized information. Included on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex is the biggest Big Data Analytics company and market leader in ASEAN, bringing cutting edge, innovative and breakthrough data-driven platforms to its stable of clients (including Fortune 500, FTSE companies, large conglomerates along with a broad range of small and medium enterprises (SMEs)) that spans across the United States, Europe along with Asia Pacific. To get more information about Fusionex, visit www.fusionex-international.com

fusionex founder

Powering Alibaba’s eWTP with big data analytics, AI and machine learning

KUALA LUMPUR: It has been more than a year since the Digital Free Trade Zone (DFTZ) initiative was launched in Malaysia and although public attention was only revived a week ago during the launch of Alibaba Group Holding Ltd’s first regional office here, several local companies have already been hard at work making the ambitious project a reality.

Big data analytics firm Fusionex International Plc is one of them, having led a consortium which secured a contract to provide the e-Services platform for the DFTZ from the Malaysia Digital Economy Corp.

The awarding of the contract was announced in November last year and according to Fusionex, has since been up and running with more than 3,000 small and medium enterprises (SMEs) on board currently.

“More and more of [these companies] are starting to appreciate that it is important to level up and capitalise on the robust growth in e-commerce and the export market,” said Datuk Seri Ivan Teh, Fusionex founder and chief executive officer of Fusionex.

He added that many local SMEs that Fusionex has spoken to are receptive, open-minded and cognisant of the global language.

“They are open and want to embrace technology as long as it’s easier, faster, better, and more cost-effective than the status quo. In short, they are constructive but might be facing challenges in areas such as market access, funds, modern skills and technology. This is where DFTZ’s e-Services can assist them,” Teh told The Edge Financial Daily in an email exchange.

The platform is key to realising the e-World Trade Platform (eWTP) that has been one of Alibaba’s key initiatives under the DFTZ banner and aims to provide Malaysian SMEs access to global consumers via e-commerce.

“The e-Services platform functions as a one-stop digital trade facilitation platform, that is integrated with a multitude of business service platforms, e-marketplaces, government agencies, logistics providers, freight forwarders, agents, SMEs and other service providers,” said Teh.

The platform aims to “bridge the gap in terms of know-how, reduce costs, as well as avoid or minimise unnecessary delays and encumbrances associated with the old way of manually doing things,” he said, adding that it is meant to be highly scaleable and inclusive.\

According to Teh, the platform is powered by big data technologies, artificial intelligence (AI) and machine learning and is “designed to help merchants — regardless of shape and size — to level the playing ground, and do so without incurring exorbitant costs”.

Fusionex is also riding on the strength of Alibaba Cloud, what with being the latter’s official strategic partner in this region.

“They are a great, committed partner,” Teh said of Alibaba Cloud, noting that the collaboration is synergistic as the latter “has a great cloud offering, whereas Fusionex is a leader in big data technology, AI and machine learning with a strong international reputation.”

While Fusionex may not be a household name to most Malaysians, it has certainly made waves overseas. The company had, until July last year, been listed on London’s Alternative Investment Market.

fusionex founder

However, Teh had decided to take the company private after five years on the market due to what he reportedly said was a persistently undervalued stock.

Without disclosing any figures, Teh shares that Fusionex has “invested significantly” and will continue to invest as it is fully committed to ensuring the success of the e-Services platform.

He did not reveal the names of the group’s partners in its consortium, but that they are local players with the relevant expertise 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 hub being developed by Malaysia Airports Holdings Bhd and Cainiao Smart Logistics Network (Hong Kong) Ltd.

“e-Services will be an open platform that welcomes multiple business service providers, be it forwarding agents, logistics players, and of course very importantly, good local SMEs with great Malaysian products.”

“The cost benefits and efficiencies these players enjoy would ultimately trickle down to consumers [in the form of] faster, more efficient and more cost-effective products and fulfilment,” he said. http://www.theedgemarkets.com/article/powering-alibabas-ewtp-big-data-analytics-ai-and-machine-learning

Malaysian SMEs should join Alibaba’s Singles’ Day sale

Local small and medium enterprises (SMEs) are urged to get onboard China’s biggest e-commerce platform, Alibaba Group Holdings Ltd, and take advantage of the newly launched Digital Free Trade Zone (DFTZ) to expand their business horizon abroad.

Minister of Transport Datuk Seri Liow Tiong Lai said via Alibaba, local SMEs could also be part of the Singles’ Day sale and promotion that is held every Nov 11.

Ivan Teh

For example, the China-based company recorded US$25 billion (RM102.88 billion) in sales during the last Singles’ Day sale, joined by as many as 60,000 international brands and merchants.

“As such, our SMEs must quickly get onboard the Alibaba platform so that we also can participate in the Singles’ Day sale next year. I am confident that it will be another sales record,” he said after launching the Ninth Pikom Leadership Summit in Kuala Lumpur yesterday.

He said that Malaysia’s e-commerce operator, Lazada, also experienced explosive growth in Malaysia and across the region, racking up RM96 million in sales via 6.5 million items ordered during the one day sales event.

On the Singles’ Day sale, Shopee has generated an increase in search interest by 71.4%, following by 11street (66.7%), Hermo (50%) and Zalora (25%).

“Based on the search interest on Nov 11, the five most popular e-commerce (platforms) in Malaysia are Lazada, Shopee, 11street, Zalora and Hermo,” Liow said.

The DFTZ that was launched early this month by Prime Minister Datuk Seri Mohd Najib Razak together with Alibaba founder Jack Ma, is expected to provide 1,972 Malaysian SMEs the opportunity to sell their products online.

Liow added that the DFTZ will position Malaysia as the regional e-fulfilment hub for Asean consumers.

He said the existence of phase 1 of the DFTZ facility should be fully capitalised by local players to deliver their products to the Chinese market.

“Cainiao Network (Technology Co Ltd) and Malaysia Airports Holdings Bhd will set up a 24ha e-fulfilment hub in phase 2 of DTFZ, slated to be operational by 2020,” he said.

The ministry has also targeted to increase air cargo volume in Kuala Lumpur International Airport up to three million tonnes by 2050, compared to the current 726,000 tonnes.

Meanwhile, at the launch, Liow also witnessed a tripartite memorandum of understanding (MoU) between Pikom (National ICT Association of Malaysia), CyberSecurity Malaysia and Fusionex Corp Sdn Bhd to enhance information and communications technology and data security.

Fusionex MD Datuk Seri Fusionex Ivan Teh said the MoU would pave the way to accelerate the rate of big data analytics in Malaysia.

He said the MoU will see both parties working together to provide training in the area and encouraging the building of data skillsets within the workforce.

“It will be the push needed to create, educate and inspire a new generation of data professionals in line with the MDEC’s (Malaysia Digital Economy Corp) aim to have 20,000 data professionals by 2020,” he said. https://fskm.uitm.edu.my/scds2016/abstractivanteh.html

Fusionex CEO Ivan Teh bags technopreneurship award

Kuala Lumpur: Fusionex Managing Director/Chief Executive Officer, Datuk Ivan Teh was awarded the ‘Technopreneur of Excellence 2017 Award’ at the National ICT Association of Malaysia (PIKOM) ICT Awards ceremony recently.

In a statement Monday, Fusionex said, the award was in recognition of its achievements and contributions towards growing and supporting the information and communications technology (ICT) sector in the region and was reserved for individuals demonstrating ICT best practices.

“The award is also to commend the company’s diligence, commitment and continuous innovation.

“It marks the continuous excellence exhibited by Fusionex, helmed by Fusionex Ivan Teh, and follows the firm’s earlier win of the ‘Company Excellence Award’ in 2016,” it said.

fusionex ivan teh

The global information technology company said as a premier data technology player, Teh has also led the firm to strike a strategic alliance with Alibaba Cloud, one of the fastest-growing cloud providers in the world.

“The company’s technology is also incorporated into the syllabus of certain local universities to encourage homegrown ICT talent,” it said. – Bernama

http://www.dailyexpress.com.my/news.cfm?NewsID=120484