Fusionex Powers up Digital Free Trade Zone (DFTZ) Platform

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Fusionex is leading a consortium to provide the e-services platform, powered by Big Data technologies, for the world’s first Digital Free Trade Zone (DFTZ) – a ground-breaking initiative jointly launched between the Malaysian Government and e-commerce marketplace titan, Alibaba.

With DFTZ being the brainchild of the Malaysian government, key drivers and stakeholders include the Ministry of Finance (MOF), Malaysia Digital Economy Corporation (MDEC), Ministry of International Trade and Industry (MITI), the Ministry of Transport (MOT), Royal Malaysia Customs Department, Malaysia Airports Holdings Berhad, POS Malaysia, the Malaysia External Trade Development Corporation (MATRADE), SME Corp, etc.

The DFTZ e-Services Platform is a trade facilitation platform that is integrated with other business service platforms and government service platforms, to facilitate a paperless, end-to-end and accurate data capture, data storage, data exchange and data analytics process, in respect of the high growth in internet trade activities.

fusionex ivan teh

The DFTZ will facilitate small and medium enterprises (SMEs) and merchants to capitalize on the internet community as well as the e-marketplace via a huge borderless addressable market. At the same time, these cost benefits and efficiencies inadvertently trickle down to consumers who would stand to enjoy faster, efficient and more cost-effective products and fulfillment.

At the DFTZ launch, Malaysian Prime Minister Dato’ Sri Najib Tun Razak declared, “We want to be the leader in the region for global trade. We want this to be the regional hub. We want SMEs to really grow by leaps and bounds and that can happen because of DFTZ. Digital Malaysia is the fastest growing sector in our economy. It is a sector that will enjoy double digit growth, and the sky is the limit! This (the DFTZ) is the part that will provide the growth, the potential, the impetus, the catalyst for us to change, redefine regional and global trade, redefine the role of SMEs, and redefine the partnership of Malaysia and China.”

The aim of the DFTZ is to capitalize on the convergence and exponential growth of the internet economy and cross-border e-commerce activities, by facilitating cross-border trade and enabling businesses to import and export goods with a priority for e-commerce.

To achieve this goal, the DFTZ will help businesses including SMEs expedite the transportation of goods regionally. For Phase 1, the DFTZ will set aside a section of the Kuala Lumpur International Airport (KLIA) Aeropolis for storage space and logistics facilities. This will then expand to other sites in subsequent phases.

During his keynote speech at the DFTZ launch, Alibaba Group Chairman and Founder Jack Ma commented, “I am impressed with Malaysia’s vision and speed. DFTZ and eWTP would help small businesses and individual eCommerce players benefit from global trade. Today we are witnessing that in Asia, small businesses can use digital ways to enable themselves to sell things, to buy things, to bridge moneys all across the world. Alibaba commits that we will make this thing – the first DFTZ, the first eWTP – very successful! This is not only an opportunity for Malaysia small businesses. This hub is a hope and opportunity for Asia’s young people and small businesses. It is the opportunity for Asia.”

Giving businesses access to the international market will result in a growing trend of orders and trades fueled by businesses not being confined to specific locations and time zones. The Prime Minister also highlighted that the DFTZ will create 60,000 new jobs and boost exports by SMEs to US$38 billion (MYR160 billion) by 2025.

The DFTZ is also expected to generate a huge amount of online transactions of orders, trade movements, payments, and more, coming in and going out of the country and region, hence the need for the platform to be powered by Big Data technologies.

Fusionex Ivan Teh, Fusionex Group CEO, says: “The DFTZ is a first of its kind digital hub that brings together a multitude of key parties including trade facilitation players, e-marketplace players, government agencies, logistics providers, freight forwarders, and of course, SMEs. The state-of-the-art e-Services platform is powered by, amongst others, Big Data technologies and Machine Learning that 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 minimize or avoid unnecessary delays and encumbrances. We are delighted that Fusionex’s platform will power this initiative. At Fusionex, we believe this marks the beginning of a revolutionary way to perform trade regionally and globally, at speed and at scale.” https://www.businesswire.com/news/home/20180402005416/en/Fusionex-Rolls-Major-Platform-Korean-Mega-Resort

Fusionex named as ‘Major Player’ for BDA in IDC report

IDC MarketScape has recognised Fusionex as a ‘Major Player’ in an IDC report.
The first ever IDC MarketScape for Asia/Pacific Big Data and Analytics Platform 2017 Vendor Assessment report assesses the big data and analytics solutions available in the market among global vendors present in Asia/Pacific (excluding Japan) and identifies their strengths and challenges.
Fusionex, a data technology provider specialising in big data analytics, artificial intelligence and the Internet of Things, is the only ASEAN originating company listed in the IDC MarketScape report.

Ivan Teh
Each brand was evaluated based on their big data and analytics solutions, ranging from big data management, integration platforms, and analytics tools to cognitive/AI software capabilities.
Fusionex international CEO Ivan Teh says, “It is an honour for Fusionex to be acknowledged in the IDC MarketScape report as a Major Player for Asia Pacific big data analytics and data technology solutions.”
The report states that “Fusionex has better operations in, and a better understanding of, Southeast Asia compared with many other vendors in the region. It also has a strong grip on the operational needs of the retail and manufacturing sectors in this region.”
According to IDC the research “provides an analysis of each vendor within areas of solution utilisation, solution ubiquity and solution intelligence and how they can help organisations stay focused on core capabilities, including performance, governance, usability, localisation, and customisation as well as be prepared to foray into leveraging their data for increased utilisation, ubiquity and intelligence.”
The competition for this title is high and the margins between ‘Major Players’ and ‘Leaders’ are narrow, and with the rapid evolution of big data analytics technology organisations will need to stay sharp in order to maintain their place within their category.
“Today, data management and analytics have become a necessity in any industry – not just to thrive but also to remain relevant as well as to survive,” Teh adds.

“Fusionex GIANT’s humanised visualisation and powerful engine enables anyone, from business analysts, IT professionals, data scientists, and C-level executives, to unearth insights from their data. Essentially our technology puts the power of analytics and insights into the hands of our customers without over-complicating matters. We will continue to invest in various avenues to help more organisations across the region and the world benefit from the adoption of Big Data Analytics. We want to help enable companies to become data-driven organisations, where they can process and analyse data at speed and at scale for a better tomorrow.”

Read more at : https://channellife.com.au/story/fusionex-named-major-player-bda-idc-report/

Fusionex Analytics (GIANT) charts record high in customer wins

KUALA LUMPUR: Fusionex, a multi-award-winning, leading software solutions provider specializing in Analytics, Big Data, and the Internet of Things (IoT), has built up an impressive customer base and is showing no signs of slowing down.

To date, Fusionex has notched a record of 79 wins in total for Fusionex Analytics (GIANT), its end-to-end analytics software, compared with 36 wins in total last year.

Fusionex Managing Director Ivan Teh said this phenomenal growth in the adoption of Big Data Analytics (BDA), by companies of various sizes, points to the robustness and adaptability of GIANT.

Fusionex

Fusionex has a sizeable list of regional and multinational clients who are using GIANT as an integral part of their business processes.

Fusionex’s clients includes among others, international chip maker Intel Corporation, global travel and hospitality group Sands, leading food manufacturer YEOS, Tokyo listed Brother Industries, China Light & Power, global media investment company GroupM, real estate group Jones Lang Lasalle, leading property developer UEM Sunrise, Ports Authority of Singapore, giant media group Media Prima, and Air Asia amongst others.

The company has also commenced partnerships to leverage on each party’s strengths to develop and grow functions pertaining to Smart Cities.

These functions include tracking disaster risks by geographical location, mapping the spreading of diseases, increasing public transport efficiency, remote patient monitoring, emergency services applications, and smart energy grids – all made possible with the power of GIANT.

Teh remarked that the amount of wins accumulated by Fusionex GIANT from a broad range of industries reflects the significance of BDA today, indicating how the processing and analyzing of data is increasingly being viewed as essential to the success of a business.

He elaborated how organizations stand to reap numerous benefits from the use of BDA, helping them gain invaluable insight from data.

Teh also explained how the analytics and IoT elements of Fusionex GIANT helped Intel with the maintenance and longevity of their machinery.

By utilizing an array of sensors, the physical state of their machines could be accurately ascertained.

By way of predictive analytics, a maintenance schedule could be put in place to help prevent machine malfunction and losses due to production downtime. When it comes to YEOS, the BDA platform helped the business reap significant benefits including a more precise and timely stock management, inventory movement and planning.

Compared to static, hard-to-reach records, which were spread across different departments or even different office locations, GIANT’s dependable platform allowed easy access to stock levels, delivery times, and customer orders. By adopting GIANT in its day-to-day operations, YEOS is now able to track buying trends from a monthly basis to weekly, daily, and even hourly basis.

It becomes very evident, looking at Fusionex’s growth history, that the company is set to thrive through the coming years with greater success. Thanks to the consistent growth of GIANT’s adoption in a multitude of industries, Fusionex is in a good position to reach and potentially surpass its goal towards growing GIANT customer accounts by 10 times over the coming years.

“Every additional adoption of Fusionex GIANT that we undertake with a new organization in any industry further reinforces the fact that Big Data Analytics has so much more to offer.

“This enormous increase of GIANT wins in the last 18 to 24 months really excites us; it represents the culmination of persistent efforts by our team here at Fusionex, the quality of the product, as well as the strong support and confidence that our clients have in our state of the art platform.”

Looking at the sharp increase of GIANT enterprise client wins over the last few months, Fusionex looks poised towards increasing its growth momentum and scaling greater heights in the rapidly growing Data Analytics space.

Source: https://www.nst.com.my/news/2016/06/154932/fusionex-analytics-giant-charts-record-high-customer-wins