Fine Light Visuals Business Blog

knowledge portal for business owners and entrepreneurs

Category: Fusionex

Age of Heroes in Fusionex

Dato’ Seri Ivan Teh depends on among the 3 floorings that Fusionex‘s 60,000 sq feet R&D facility occupies at Plaza 33 in Petaling Jaya, placing on a demo of his firm’s voice recognition software application: “As well as … lights!” He breaks his fingers, and also the extended ceiling lights dim. One more breeze, as well as the lights beam at full illumination upon his command. One more click of his fingers closer to an area featuring a life-size R2-D2 model (which discharges the periodic excited bleep), and also a glass window– formerly opaque– transforms transparent.

It creates an outstanding, amusing screen of the type of technical wizardry that Fusionex can accomplishing but, actually, it’s just the tip of an extremely significant iceberg. From the time it was started in 2005, Fusionex has gone far for itself in the worldwide technology sector by being experts in analytics, large data, machine learning, artificial intelligence and, maybe most importantly, its capacity to understand vast quantities of organized and also disorganized information for its clients. With a main total assets that currently stands at MYR1.2 billion, this is a firm that– as Dato’ Teh discusses– began with a tennis game as well as an imagine coming to be a superhero.

DATA ACCESS
Birthed as well as bred in Petaling Jaya, Dato’ Teh matured as an academic all-rounder (it helped that his mother was an instructor) with an aptitude for maths, science and innovation, in addition to a love for art and drawing. “At a young age, what I actually liked was innovation,” he remembers. “I started respecting superheroes like Iron Male, Superman, and Batman when I was about eight or nine, so I would certainly attract them and envision being a superhero also. It had not been their superpowers that I longed for, however I truly wanted to resolve troubles and also deal with bad guys.

” As I grew older, I understood that I could not end up being a superhero in the real world, however I still admired Iron Man for his development as well as imagination, where he could bring points like art as well as scientific research together, the means I intended to. That’s scientific research technology.” This undoubtedly drew him towards a degree in computer technology, which by itself came to be a springboard where to enter the IT industry, driving him towards managerial placements in multinational companies including Hewlett-Packard, Intel and also Accenture.

Fusionex

” When I began working in these organisations, we would certainly be flooded with a tidal wave of information as well as the problems that stemmed from it, like healthcare facilities as well as medical centres, where I ‘d observe lengthy lines up as well as inefficiencies. I thought to myself, ‘What can I make use of or do making use of innovation as well as a combination of skillsets to make life much better, faster and also extra reliable? What can I do to alter the world?’ These were eureka minutes for me and, undoubtedly, it is necessary to dream– but just how do you execute it?” It was only during a badminton video game with several of his good friends, who remained in comparable industries, that things began to get moving.

” At one of the sessions, we acknowledged there were a lot of problems throughout sectors, where individuals were spending great deals of money and also yet waiting times at retail outlets, financial institutions, telcos and also airline companies misbehaved. A few people stated: ‘There have to be a far better way of doing this– it can’t be all that poor. We need to have the ability to challenge the status quo and discover a much better means ahead.’ We wanted to begin points together, however much of my friends at that time had their own careers as well as incomes to take care of, as well as several of them were about to obtain married.

” I stated: ‘It could be a big risk for you. Would certainly it be something you want to do? Why do not you allow me attempt it for a number of months and validate the idea that the demand is actually there? When we’ve confirmed that there’s a market for what we’re using and also business design really works, I’ll invite you ahead on board.’ Which’s what I did.” It was– temporarily– significantly a one-man program, where Dato’ Teh needed to do everything from coding software program to looking for clients. No stranger to hard work (as a 10-year-old, at his dad’s persistence, his college holidays were spent offering bedsheets at textile stores and also pasar malams), he persevered.

” For a number of months, I navigated the waters, discovering means to ensure our skills and also concepts would be accepted in the marketplace– which they weren’t, by the way. That hurt. Individuals wanted a performance history. But slowly, we started to gain grip and got our very first couple of advancements after 6 to 9 months, therefore confirming our design. When we were extra stable and had our first customers, I desired Fusionex to expand and also speed up, as well as I couldn’t do that alone. That’s why a lot of the pioneering team– there were about five people that started this– are still with us today as we continue to welcome even more people right into the Fusionex family members.” Read more: http://thepeak.com.my/people/time-for-heroes-dato-seri-ivan-teh-the-ceo-of-fusionex-reminds-us-that-not-all-heroes-wear-capes/

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, 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.

Ivan Teh

Ivan Teh

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://fskm.uitm.edu.my/scds2016/abstractivanteh.html

 

Powered by WordPress & Theme by Anders Norén