Category: Fusionex

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.

fusionex founder

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.

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://www.owler.com/company/fusionex-international

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 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

Fusionex Rolls Out Major Platform for Korean Mega Resort

Fusionex, a multi award-winning, data technology provider specializing in Big Data Analytics (BDA), the Internet of Things (IoT), Artificial Intelligence, and Deep Learning, has successfully deployed a data-driven travel and hospitality platform to power up the operations of a new mega resort in Korea, in a multi-million dollar contract.

Spanning across more than 500 acres, the resort incorporates all types of destinations that guests would want, from theme parks to hotels, entertainment facilities, villas, condominiums, and more. The project includes rolling out a comprehensive digital platform to engage with guests, build brand loyalty, and provide elevated levels of convenience and enhanced customer experience.

Fusionex

Fusionex has introduced its BDA solution, Fusionex GIANT, which will consolidate billions of records, from traveler registration to hotel guest interactions and retail customer management. By harnessing this massive amount of data, the client would use GIANT to cleanse and manage disparate data to gain useful insights and information. The information would then be utilized to facilitate bookings, make product recommendations and provide better customer experience with a high degree of flexibility and personalization.

The Fusionex Big Data platform is also a natural bolt-on for the Fusionex Central Reservation System (CRS), which reaches customers on their terms through convenient online, kiosk, and mobile platforms. CRS will also support requests by travel agents, providing a wider avenue for travelers to find their way to the resort. The system will also provide seamless communication between floor staff and security.

Besides generating a greater number of visitors for the client, Fusionex will also be working on ways to increase the customers’ lifetime value. Via the Loyalty Management System (LMS), the client will be able to give out loyalty points and redeemable rewards. This turns the holiday paradigm into one of point accumulation or “gamification” that motivates customers through interaction, engagement and loyalty, which will encourage recurring visits.

The client will then be able to unearth hidden insights in its data with a near-real-time overview of the performances of its different hospitality arms, customer behavior and tendencies. They could even conduct a drill-up analysis that checks stats from specific rides, from zones to the entire theme park. Decision-makers will then be able to craft strategies based on Fusionex’s predictive analytics capabilities.

Ivan Teh, Fusionex Managing Director and Chief Executive Officer, commented: “We are excited to see the rollout of this world-class platform for this amazing and beautiful resort. We look forward to seeing our client leverage this data-driven digital platform in their quest to provide high quality customer experiences.” For more info: https://www.fusionexgiant.com/

Industry Collaboration Between UNIMY and Fusionex

Multi-award-winning IT software group Fusionex collaborates with UNIMY as industry partner, opening up opportunities for UNIMY students in the field of big data analytics.

In line with its focus on industry-led education, UNIMY (University Malaysia of Computer Science and Engineering) now adds Fusionex to its list of global industry partners who will collaborate with the university’s efforts in bridging students and industry experts to produce specially trained and market-ready computing professionals as well as for Fusionex to provide industry inputs into UNIMY’s academic programmes.

A multi-award winning leading software solutions provider specialising in Big Data Analytics (BDA), Internet of Things (IoT), Machine Learning and Artificial Intelligence (AI), Fusionex joins other global IT players such as Microsoft, IBM, Autodesk, KPMG and many more in UNIMY’s list of renowned industry partners through its parent company, Prestariang Berhad.
The collaboration was made official through a signing ceremony on December 7, 2017 between UNIMY and Fusionex representatives held at UNIMY Campus in Putrajaya. Signatories include UNIMY Vice Chancellor Professor Datuk Dr. Khairuddin Ab Hamid, Fusionex Vice President Chen Keat Ming, and Fusionex Senior Manager Tan Sean Khong.

Through the collaboration, Fusionex will offer UNIMY students internship placements, industry supervision and industry-based final-year projects that will provide students with the opportunity to experience an international working environment. On top of that, UNIMY students will also gain access to Fusionex GIANT. This advanced end-to-end analytics platform has the ability of streamlining, analysing and allowing users to derive real-time, game changing insights from the extracted data which can be displayed in the form of easy to understand visuals.

Fusionex

“Fusionex being the pioneering, the largest and fastest growing technology company in the region, and now at the forefront of Big Data Analytic industry, not only Malaysia but the world over, has made the country really proud and well respected in this field,” says Professor Datuk Dr. Khairuddin Ab Hamid. “On behalf of everyone at UNIMY, I would like to express our thanks and gratitude to Fusionex for giving UNIMY this opportunity to embark on a promising partnership in the field of Data Science and Big Data Analytics and other related areas of common interest.”


Fusionex Vice President Chen Keat Ming commented: “Fusionex is very excited to enter into this industry partnership with UNIMY. The demand for data professionals has increased greatly and this endeavour is an excellent opportunity to give real-world, hands-on experience for data technology to students. The fruition of this partnership with UNIMY will go a long way towards the target of Malaysia achieving 20,000 data professionals nationwide by 2020.”
As the first ICT-focused Digital Technology University in Malaysia with a focus on big data, cybersecurity and coding, UNIMY sets precedence with its collaboration with Fusionex, driving its initiative forward in engaging its students to participate in solving real global issues and problems using technology – in particular, big data analytics – as well as making invaluable industry knowledge and experience highly accessible. Fusionex’s collaboration also shows its determination to help UNIMY in its quest to drive the grooming of big data analytics leaders for Malaysia’s future. On top of that, the collaboration engages students in a conducive and beneficial learning/teaching community where students learn from experts in the know.

“We believe this partnership, along with all our partnerships with other industry players, will positively impact the quality of our future digital leaders, in particular those who graduate from UNIMY,” says Professor Datuk Dr. Khairuddin Ab Hamid. “It is precisely this reason why UNIMY places so much emphasis on industry-learning for our students, knowing that there is no better teacher than gaining hands-on experience and learning from those already impacting the ever-changing digital economy.”

To further engage its students in big data analytics, UNIMY recently launched its Data Science Society, a student-led society that encourages students to get involved in events, workshops and talks surrounding data science, in September 2017. The society coincides with UNIMY’s commitment in further enriching student experience that will benefit them in terms of gaining skills while immersing themselves with the latest in big data. https://www.linkedin.com/company/fusionex-international

Fusionex

The entrepreneur who turned down US$63m

PETALING JAYA, July 21 — Fusionex Ivan Teh, founder and managing director of AIM-listed Fusionex International Plc, has quietly gone on building a big data company that has had an eye-popping 1,000 per cent cumulative growth rate since its launch in 2006.

The yearly CAGR (compounded annual growth rate) is 40 per cent. In 2012, revenues grew 27.93 per cent to £31.31 million (RM160.38 million) from £24.48 million in 2011, while net income improved 56.65 per cent from £8.13 million in 2011 to £12.74 million.

There are many things that stand out about Ivan, but one of them is this – his business had no angel investor, nor any venture funding. It was purely built on cash flow from satisfied customers and, in the first six months, on the sweat and toil of Ivan who put in 18-hour workdays to understand customer needs and build the software platform himself. He was a one-man show.

“It was an intense period,” he concedes, looking back. “I was speaking to my contacts and potential customers trying to understand their needs and to get a finger on the pulse as to why people would purchase my software. This was then followed by a lot of thought processes that went into trying to do something different.”

fusionex ivan teh

And what was this something different?

Nothing sexy, really. He just resolved to give customers a solution that was easy to use and effective to help them make sense of their data.

“People get confused. There are a lot of options out there to build your own big data solutions but in all honesty, most organisations don’t care, or don’t have the skill sets. This was the pain point I wanted to solve,” he says.

As anyone who has ever tried it knows, the hardest thing to do is to hide the complexity of very tough problems behind an easy-to-use front-end solution for customers.

This then translated into building the platform that Ivan worked on himself.

“From preparing the templates to coding the software to the documentation, I did it all myself,” he says, adding ‘pau ka-liao,’ colloquial Hokkien that roughly translates to ‘doing everything by one’s self.’

“It was an intense, exciting and, to be honest, painful time, but the great thing is that you woke up every morning highly motivated because you knew you were not doing anything monotonous,” he says.

Fast forward from those startups days in 2006 to Dec 18, 2012 and Fusionex listed on London’s Alternative Investment Market (AIM) exchange with a big data focus, one of the sexiest terms in tech today.

Indeed, during the pre-IPO (initial public offering) roadshow, 38 of the 50 institutional investors who approached came on board. “The response was overwhelming,” says Ivan.

In all, Fusionex had RM200 million (US$62.8 million) committed to it, with the IPO offer oversubscribed by 300 per cent.

Amazingly, Ivan only took RM60 million (US$18.9 million), which is what his company had set out to raise. “I was told it was quite unheard of. But to me, taking all that money comes with a sense of responsibility. You have to do something in return. We could have taken the money and spent it differently and on the wrong strategy. That does not help your credibility,” he says.

Instead, what he did earned Fusionex huge credibility and translated into the fact that there were no selling shareholders on its IPO. In fact, everyone was interested to buy more.

Ending Dec 31 2012, Fusionex’s share price stood at £3.965 (RM21.48), more than double its IPO price of £1.70 (RM9.20) on Dec 18 2011.

With big data being its key focus since 2011, Ivan expects Fusionex to build on the momentum it has, aided by the RM50 million (US$15.7 million) it has committed to invest in R&D (research and development) over the next three years to strengthen its big data and analytics core. — Digital News Asia

Read more at http://www.themalaymailonline.com/tech-gadgets/article/the-entrepreneur-who-turned-down-us63m#cgoIkQs7MT2wx4pP.97