PIKOM and Fusionex Inspires New Generation of Leaders at PIKOM Leadership Summit 2017

Rachel Turner | fusionex | ,

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Fusionex was invited to chair the PIKOM Leadership Summit 2017 which was held at the Connexion Conference & Event Centre (CCEC) @ Bangsar South recently.

fusionex founderThe annual Summit by PIKOM is aimed to inspire a new generation of leaders in the Information and Communications Technology (ICT) industry. This year the theme that was adopted was ‘The Road to Success: Tales from Successful Leaders’. As a strong advocate for the adoption of technology as a means to improve businesses, modernize cities, and change lives for the better, Fusionex was invited to participate in the Summit, in line with its plans to drive digital transformation across the country and region.

The programme for the Summit included topics on the Industrial Revolution 4.0, Digital Transformation, Entrepreneurship, and Investment. Other participants include Malaysia Digital Economy Corporation (MDEC), MAGIC, SME Association of Malaysia, Sime Darby, Rakuten Trade, iPay88, Cradle, MAVCAP, and a slew of exciting startups.

Fusionex ceo Vice President for New Technologies Raju Chella delivered his keynote speech on ‘Why Our Future is ABC (Analytics, Big Data and Cloud)’. MDEC Vice President of Enterprise Development Gopi Ganesalingam and MAGIC CEO Ashran Dato’ Ghazi were among other keynote speakers.

Highlights for the event included the signing of a Memorandum of Understanding (MoU) between Fusionex and PIKOM to accelerate the rate of BDA adoption in Malaysia. The MoU will see both parties working together to provide training in BDA and encouraging the building of data skillsets within the workforce, which is a crucial step towards Malaysia becoming a BDA hub in the ASEAN region.

This push to create, educate, and inspire a new generation of data professionals is in line with the MDEC’s aim to have 20,000 data professionals by the year 2020. Fusionex continues to do its part in this farsighted effort by contributing the services of its Fusionex BDA Academy, which include training courses in Data Analytics, Data Engineering, and Data Science.

Another highlight for the event was a donation being made to the Malaysian Red Crescent Society (MRCS) for the Penang flood relief efforts, in an effort to foster the mindset of constantly giving back to society. Through a charity drive made up of several events, PIKOM raised RM20,000, where the amount was matched by Fusionex to raise an additional RM20,000, making it a total of RM40,000 donated to the MRCS.


“The world has gotten smaller, and is now much more interconnected. The people of today must have a global mindset. Innovation knows no boundaries. The revolution of the digital era will impact every corner of the earth,” said Fusionex CEO and Managing Director, Dato’ Seri Ivan Teh, Organizing Chairperson for this year’s Summit. “I hope this event managed to motivate and inspire everyone about the endless possibilities that this innovative industry of technology holds.”

About Fusionex

Fusionex is an established multi-award winning data technology provider specializing in Analytics, Big Data, Machine Learning and Artificial Intelligence (AI). Its offerings are focused on helping clients unlock the value and derive insights from data.

https://www.businesswire.com/news/home/20171123005074/en/PIKOM-Fusionex-Inspires-New-Generation-Leaders-PIKOM

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

Rachel Turner | fusionex |


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.\

fusionex founderAccording 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 founder 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.

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.

https://twitter.com/fusionexint/status/1008651576565587968

Fusionex CEO receives Technopreneur of Excellence Title

Rachel Turner | fusionex |

Fusionex Managing Director and CEO Dato’ Seri Ivan Teh was awarded the Technopreneur of Excellence 2017 Award at the PIKOM ICT Awards ceremony over the weekend. The coveted award was presented to Teh, in recognition of Fusionex’s achievements and contributions towards growing and supporting the ICT sector in the region.
The star-studded event was marked by an attendance of approximately a thousand attendees, consisting of industry leaders, talents, and budding stars in the ICT arena. The Technopreneur of Excellence award is reserved for individuals demonstrating ICT best practices; as well as to commend their diligence, commitment, and continuous innovation.

This award marks the continuous excellence exhibited by Fusionex, helmed by Teh, and follows Fusionex’s earlier win of the Company Excellence Award in 2016.

Teh carried the Malaysian and ASEAN flags up high when he represented the country and region to speak at the 2017 Belt and Road Summit. Held at the Hong Kong Convention and Exhibition Center (HKCEC), Teh was one of the most prominent speakers, gathered to share their perspective and vision with thousands of business leaders and key government officials from almost 50 countries.

With Fusionex as a premier data technology player, Dato’ Seri Ivan Teh has also led Fusionex towards striking a strategic alliance with Alibaba Cloud, one of the fastest growing cloud providers in the world. Fusionex technology is also incorporated into the syllabus of certain local universities, to encourage homegrown ICT talent. Teh is a strong advocate for the nurturing of young talent, frequently encouraging students to consider ICT and data technology as a viable interest and career. He was also a judge for the Sunway University Dolphin Tank tech entrepreneur competition (by the Young Outliers) as well as Battle of the Digital Ninja event by MDEC held at KLCC.

Ivan Teh

Teh commented, “I am happy and humbled to receive this award. Accepting this in front of so many ICT friends, and colleagues reminds me that it takes everyone working together to advance the role of ICT in society.

I would like to congratulate and thank everyone from Team Fusionex who made this possible. We will continue to move upwards and onwards in our journey and mission to help shape this country and region in a positive manner with technology.” https://m.facebook.com/public/Ivan-Teh

Fusionex CEO Ivan Teh bags technopreneurship award

Rachel Turner | fusionex |

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 Ivan Teh 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.

fusionex ivan teh

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

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

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

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

Pikom inks MoU with Fusionex to achieve goal of training 20,000 data professionals

Rachel Turner | fusionex |

The National ICT Association of Malaysia (Pikom) has signed an MoU (memorandum of understanding) with big data analytics solution provider Fusionex for it to train local talents in the area of Big Data.

Fusionex Ivan Teh will equip ICT professional with the right skills in line with the Government’s goal of achieving 20,000 data professionals by 2020, the organisation announced at the Pikom Leadership Summit 2017.

“We found there is a talent mismatch today as many graduates are not aware of what the industry is looking for today,” said Pikom chairman Chin Chee Seong.

“We are also working very closely with the Education Ministry and universities to design courses to align them with the demands of the tech industry.”

“There is a real importance to align what the academia produces versus what the industry wants and that is an ongoing challenge and something we are really working hard to tackle now,” Teh said.

Among the skills that are in demand include data analytics and project management.

The industry body also inked an MoU with CyberSecurity Malaysia (CSM) to combat the recent rise of cyberthreats. It will give CSM access to security services and solutions from its members.

It also signed an MoUs with the Malaysian Association of Tour and Travel Agents (MATTA) to promote the adoption of digital platform in the travel industry.

Ivan Teh

Chin says that most SMEs (small and medium enterprises) in the travel industry have yet to embrace and reap the benefits of digitalisation.

Transport Minister Datuk Seri Liow Tiong Lai who officiated the event, said that with the partnership, travel and tour agents should take the opportunity to market their services online and this is a step in the right direction in embracing digital economy.

“These initiatives will certainly help in expanding opportunities for the SMEs in their respective sectors and we need to keep up and embrace change as there is a rapid convergence between the physical and digital world,” said Chin.

Read more at https://www.prnewswire.com/news-releases/fusionex-managing-director-ivan-teh-wins-the-ey-technology-entrepreneur-award-300007003.html

SMEs get a leg up in Malaysia’s DFTZ

Rachel Turner | fusionex |

Even China’s wunderkind billionaire Jack Ma was amazed at how quickly Malaysia set up its Digital Free Trade Zone (DFTZ), complete with the 1,900 enterprises needed to start it up.

Promised as the best thing to happen for Malaysian small and medium enterprises (SMEs) in a long while, the DFTZ is seen as a way for small companies to ride on the coat-tails of Alibaba Group Holding Ltd — one of the world’s biggest tech companies — and reach markets they usually would not otherwise.

Fusionex

“With DFTZ, small businesses can use the digital way to sell and buy things. They can also buy global and sell global,” said the Alibaba founder and executive chairman at the launch early this month.

SMEs will mainly see the benefit of easier customs clearance, currency conversions, as well as a dedicated hub to send and receive goods at the DFTZ’s e-fulfilment hub being built near the Kuala Lumpur International Airport (KLIA) in Sepang.

Officially to be known as the “KLIA Aeropolis DFTZ Park”, the hub is expected to double Malaysia’s air cargo volume to 1.3 million tonnes a year within 10 years.

This can be achieved because Alibaba plans to make Malaysia its regional hub that will be part of Ma’s Electronic World Trade Platform.

“The KLIA Aeropolis DFTZ Park will optimise border clearance and handling from six hours to three hours, with 90% service level agreement and improve cargo terminal operations from four hours to 90 minutes,” said Prime Minister Datuk Seri Mohd Najib Razak at the launch.

Another component of the DFTZ will have nothing to do with cargo, and will be physically located at its services hub being built as part of the Bandar Malaysia project in Sungai Besi, Kuala Lumpur.

The services hub is planned to be a creative and conducive environment where startups can be created and prosper.

Taken together, the two components are expected to make huge contributions to the economy.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DFTZ and its network will enable Malaysian SMEs to expand and tap into a larger market, and hence, increase revenues.

“The government will benefit from all this activity in both tax and non-tax revenues, while at the same time, creating more high-skilled jobs and using state-of-the art technology which can be gross domestic product-accretive in the long run,” he said.

“Implemented properly, the whole project will produce more Malaysian entrepreneurs as a side effect.”

The first project at the satellite services hub will be the Kuala Lumpur Internet City (KLIC) which will be developed through another strategic partner, Catcha Group.

The KLIC will be the centre for creating and marketing Internet-related services specifically for the South-East Asian market.

It will group together companies that would provide a complete eco-system for companies to create, develop and market products for the Internet and e-commerce platform.

“DFTZ will encourage the development of more startups, as well as SMEs that focus on technology and the digital or mobile sector,” an analyst said.

“DFTZ also improves our local technology, products and services as there will be a healthy competition and accessible business knowledge for them as the result of technology.”

Sunway University Business School economics Professor Dr Yeah Kim Leng said its close connection with a US$400 billion (RM1.67 trillion) company will virtually ensure that DFTZ will be successful.

“DFTZ will act as a regional distribution hub for Alibaba, becomes part of its logistic supply chain to the e-commerce sector which will encourage companies from Malaysia and China.

“Our local companies will leverage on this platform provided by Alibaba, to reach the world markets,” Yeah said.

He said the tough pre-requisites to become a DFTZ-registered company will ensure that those companies gain a valuable branding standard that is accepted globally.

Datuk Seri Ivan Teh – Fusionex
We believe this initiative marks the beginning of a revolutionary way to perform trade regionally and globally, at speed and at scale, says Teh (Pic by Ismail Che Rus/TMR)

Meanwhile, Fusionex Group CEO Datuk Seri Ivan Teh said the e-services platform will facilitate trade and allow transactions to take place faster, more cost effectively, more reliably and more efficiently.

“This visionary initiative by the Malaysian government and Alibaba will pave the way to a seamless digital trade platform that will help remove unnecessary barriers, reduce costs and minimise or avoid unnecessary delays and encumbrances.

“We believe this marks the beginning of a revolutionary way to perform trade regionally and globally, at speed and at scale,” he said. https://www.nst.com.my/news/2016/06/154932/fusionex-analytics-giant-charts-record-high-customer-wins

Fusionex launches GIANT 2017, comes with NLP capability

Rachel Turner | fusionex |

FUSIONEX International Plc, a big data analytics solutions provider, believes that its new big data analytics solution can help the company to win more clients and gain market share.

The analytics solution, known as Fusionex GIANT, allows companies to have a holistic view of its business operations, understand trends, buyers behavior, and even predict outcomes. Unlike larger big data companies from the US or Europe, the company’s big data solutions are more user-friendly and easier to deploy.

“Our solutions may not be as powerful as some of our rivals’, but it has the features and characteristics that meets the needs of the chief executive officer, the chief information officer, and chief financial officer,” Fusionex Ivan Teh told Digital News Asia recently.

“Today, CEOs want a fast-to-deploy big data solutions, they can’t wait 18 months or more for the implementation. CIOs and CFOs want a solutions that are easy to manage, easy to use, and does not cost a lot to maintain.”

According to Teh, the new GIANT, dubbed the Fusionex GIANT 2017, is far more superior than the predecessor. He said that it is now able to make sense of trillions of data sets — making it a suitable tool for banks, stockbroking firms, hotel chains, manufacturers and others.

Like the previous version, the GIANT allows users to get key insights by just ‘drag-and-drop’. For example, dragging the company’s sales data and customers data could allow the company to find out which particular products are more popular among the young working adults.

fusionex ivan teh

“More importantly, the new GIANT allows user to get insights in the easiest way possible — by talking to it. The new GIANT comes with a natural language processing (NLP) capability that will perform various tasks. For example, you simply only need to tell it to show you sales number, or sales number based on region, and those data will be produced immediately,” said Teh.

“Gone are the days when you need days or weeks to generate a report.”

Penetrating the SMEs

The company also introduced its first big data analytics solutions catered to the small and medium enterprises (SMEs).

The product, dubbed ANT, is the “mini-version” of the GIANT. It has most of the features SMEs need when comes to making sense of their data.

“For a long time, the SME market has been underserved. It also has most of the features that SMEs are looking for.

Expecting strong response

In late 2016, Fusionex invited 10 companies to take part in the pilot run of the Fusionex GIANT 2017. From the 10 companies, 8 of them have already signed up for the solution.

“Our vision has always been to create innovative technology that meets the business needs of today’s market. Innovation drives growth and we strongly believe Fusionex GIANT 2017 is the answer to an IoT driven world that is in constant need of better, faster, cost optimised and commercially-feasible technology,” said Teh.

“Analytics can help bridge the gap between business and consumer needs and we are ready to assist our customers to stand above their competition.”

https://www.digitalnewsasia.com/business/fusionex-launches-giant-2017-comes-nlp-capability