The Top Dog In Big Data Industry – Fusionex

Modern technology titans are frequently identified with its owner or Chief Executive Officer, intrinsically linked to every various other, forever and also negative. As an example, Amazon and Jeff Bezos, Facebook and Mark Zuckerberg, Apple and also the late Steve Jobs, along with Uber and previous CEO Travis Kalanick, not neglecting Alibaba as well as Jack Ma.

These are just among the several such instances. One can not assist however observed a lot of technology giants of the world are Silicon Valley based as well as Eastern ones, although doing ingenious job, are under identified by the greater public. But this challenge does not stop Fusionex as well as its head honcho Dato’
Seri Ivan Teh.

When satisfied at his head office in Section 13, Petaling Jaya lately, it is evident he is a desired guy– hidden under his job as well as taking care of numerous ask for his interest. No person claimed running a service realm that stretches well past Malaysia, was easy.

His staff defined him as the hardest working in the firm, responding to emails deep into the evening, and also even avoiding a business photoshoot for several years, describing that “he has various other more crucial job” to address. So for him to spend a number of hours with us, indulging our sometimes
ridiculous ask for different presents and also locations– besides the firm inhabits four levels in the MSC Cybercentre structure, all decked out in an advanced design– was a rare opportunity to observe the male in his lair.

The Fusionex dream that he constructed is an award-winning business, specialising in Analytics as well as Big Information to aid its customers handle, understand and derive useful insights and information from the substantial quantities of structured and also unstructured data at their disposal.

However what makes the man tick?

Why did Fusionex happen as well as exactly how did it achieve its current excellent standing?

Ivan: Everything started as a problem declaration. Before Fusionex, I worked in MNCs where we used facility and really pricey systems to cater to business requirements. Lengthy hrs, sleep deprived nights, huge groups as well as pricey innovation were the norm.

Fusionex

One day (after years of ploughing through various projects), I assumed, “if we could locate an innovative way as well as innovation to conquer this business challenge, i.e. data tsunami, along with remove this major migraine most firms sustained, would not that be wonderful?” Naysayers were abound, telling me, “don’t bother, you are a qualified male but this trouble is just too big to address”, while others claimed, “I think you will be able to do something wonderful!”

Essentially, I wanted to address the most intricate “organisation and information” issues with the effective use of software application as well as modern technology. The objective was additionally to do it in a way that was faster, more “humanised”, instinctive as well as economical contrasted to what was offered by the huge suppliers.

In principle, we wanted to connect the space in between company and also innovation. By the way, words “combination” describes a fusion in between organisation and technology, and also “ex-spouse” represents experience and excellence. Hence, Fusionex was birthed.

Competing against the biggest and also toughest gamers in the industry (most of them being western mega vendors) was no easy accomplishment, when one considers at the start, Fusionex had no track record, no brand presence whatsoever, with zero outside financing except that of individual financial savings, which I practically wore down at one point. We really did not wish to be a jack of all professions, master of none. Instead, we concentrated on a vital segment– data– which our companied believe (years ago) was going to become the new “crude oil”.

By concentrating on supplying the much required service value that Fusionex’s items uses to our clients, the team has actually been successful in developing a strong brand name for us in the international IT market.

Being in an area traditionally controlled by Western firms, just how did you defeat them at their own video game?

Ivan: The Western companies have great software program. However, their products are generally intricate, pricey as well as in some cases, an excessive. At Fusionex, we focus on shipment of value effortlessly. GIGANTIC 2017 and Fusionex ANT were established from ground as much as be effective, high-performance, straightforward and also yet economical.

Our company believe if any person, and also by that I mean literally any person, from whatever walks of life, can use GIANT 2017 or Fusionex ANT easily, after that the product will certainly sell on its own. We intend to supply large corporations in addition to tiny as well as average enterprises a system to expand their services using the
reliable use of innovation.

Fundamentally, we give our companions and also consumers with innovation anytime, anywhere, anyhow as well as actually any type of kind. That, we believe, is a vital differentiator. To know more about Fusionex: https://8excite.com/deals/5922f7b577af9c0001b79a0e

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.

Fusionex Founder
Fusionex Founder

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.

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