Category: Fusionex

Globalisation initiative a major boost for ict firms

PETALING JAYA: Over the past year, the increased awareness of the Internet of Things (IoT), e-commerce and cloud computing has prompted many Malaysian businesses to adopt new technological solutions for their day-to-day operations.

Malaysia Digital Economy Corporation (MDEC) is leading the country’s push into the digital domain with its Global Acceleration and Innovation Network (GAIN) program which was launched last year.

The program aims to assist high-potential Malaysian technology companies to grow and expand their reach domestically as well as internationally.

The program focuses on four main pillars – market access, risk capital, tech refresh and visibility. It is aimed to boost the annual revenue of GAIN companies to exceed RM100mil.

Among others, MDEC is recognising Fusionex International, iTalent Management Sdn Bhd and PanPages Bhd as Malaysia’s Tech “Global Icons”.

These companies have demonstrated strong revenue growth and innovative business models, including an aggressive push towards establishing a foothold in the Asean markets.

Fusionex International

Fusionex International is a global, multi-award winning technology market leader specialising in a slew of future market catalysts, namely big data analytics, the Internet of Things (IoT), artificial intelligence, and deep learning.

The data analytics firm’s unique selling point is its ability to enable businesses to turn massive data streams from a liability into an asset, at speed, at scale, and with value.

It is this big push towards the next big thing that has propelled Fusionex into becoming a prominent market innovator.

Its CEO Datuk Seri Ivan Teh said that the firm is poised to capitalise on major trends occurring in the technology space where the physical and digital domains are set for convergence.

“Companies are constantly looking at ways to connect, collect, store, analyse and monetise the data that is being captured. This is the reason why data analytics tools are becoming increasingly important,” he said.

The group’s suite of solutions revolves around a proprietary core called Intelligent Data Management Platform, which is designed from the ground up to be easily configurable and extendable to suit the customer’s needs.

Ivan Teh

It also offers proprietary software with the provision of maintenance, enhancement, and support, together with expertise in consulting and implementation for its clientele.

According to Teh, Fusionex has long enjoyed a strong relationship with MDEC, adding that the establishment of the GAIN program has become a platform where the firm’s market access has increased and partnership network broadened, both locally and internationally.

“This relationship with MDEC has opened doors for Fusionex to reach out to potential clients in new and existing markets. We are proud to be a part of this program and aim to turn Malaysia into Asean’s big data hub,” he said.

Market research firm Gartner predicts that enterprise data will grow 650% over the next five years with analytics taking the centre stage as the volume of data generated by embedded systems, social media, and other digital platforms increases and vast pools of structured and unstructured data are analysed.

Even though there is still learning curve required in the Big Data industry, organisations are coming to the realisation that they have no choice but to invest and move away from ‘gut feel’ decision making, Teh points out.

Not one to rest on their laurels, Teh adds that there are big plans ahead for Fusionex as it aspires to solidify its position as the region’s top big data analytics player.

“An official launch of an enhanced version of our big data analytics solution, GIANT 2016, is imminent very soon, and we will continuously expand our growing partnership network in the coming year,” he enthuses. Read more here: https://www.reuters.com/brandfeatures/venture-capital/article?id=49116

No time to lose to gear up for Industry 4.0

PETALING JAYA: Companies cannot afford to exist in a vacuum, shying away from the complications of Industry 4.0. With the accelerating pace of change and new business models being thrown up almost daily, they need to figure out how to navigate this new world and secure their place in it.

The Edge Malaysia managing editor Anna Taing said companies need to keep their ears to the ground as every industry is being disrupted in unthinkable ways.

“And to put a more positive spin, figure out what the world is going to look like and design a business model to address that world,” she said in her opening speech at the The Edge Industry 4.0 Forum: Embracing Digitisation in Petaling Jaya on Saturday.

Taing said there are real requirements in the market that are not being addressed.

“And you have to figure out what these are and come up with solutions for them, rather than hop on the latest bandwagon.

“Technology will help you get there and scale. It is a means to an end, rather than an end in itself,” she added.

Frankly, Malaysian companies should not be too worried as they are in the best position to take advantage of Industry 4.0, according to the first speaker — Fusionex International vice-president for new technologies Raju Chellam.

This is because the country has many unique features put together that neighbouring countries lack, said Raju in his presentation on Gearing up for 4.0.

“English language skills are also available in Singapore, but they have no land and no competitive labour. Cambodia and Vietnam may have competitive labour, but they don’t have the English language skills or the infrastructure. (For Industry 4.0 to take off in Malaysia), what it will require is probably political will and awareness from the community,” Chellam said.

Fusionex

In order to achieve this goal, companies should find a partner who can help address their weak spots, such as in AI (artificial intelligence) or data management.

“You should find a partner, not a vendor. A vendor will sell something to you and go away. A partner will invest in you, do the proof-of-concept free of charge and invest in your success,” Chellam said.

The second speaker, Linear DMS Solutions Sdn Bhd managing director, Dave Choong, said regardless of industry type, there is no better time than now for small and medium enterprises (SMEs) to adopt and reap the benefits of adopting the Internet of Things (IoT). Unlike previous disruptive technologies, he said Industry 4.0 technologies pose a real threat to businesses who do not catch up.

“If you do not take action today, you will be left out. In every scenario, businesses are losing millions annually because they lack visibility, automation and risk mitigation through predictive analysis [that IoT adoption can provide].

“Despite the disparity of industries with the technology, SMEs can take advantage of low-hanging-fruit technologies and leverage on global [cloud] infrastructure and tech trends from service providers,” he added in his presentation on Journey to Digitisation: IoT.

Choong cited a use case in agriculture — an industry where the businesses are run by subject matter experts who have been operating in the same way for generations.

With outdoor IoT enablers, such as long range (LoRa) technology and narrowband IoT (NB-IoT), he said farmers may address pain points such as disease outbreak, rising wages, pond pollution and survival yield.

The third speaker, Loke Khing Hong, director of Medical Devices Corp Sdn Bhd brought it down to brass tacks. He had invented an automated peritoneal dialysis machine that was IoT-enabled.

Speaking on Transforming Dialysis with IoT towards Made in Malaysia 2025. Loke pointed out that kidney failure patients today can opt for a transplant or two forms of dialyses — haemodialysis or peritoneal dialysis.

“Haemodialysis is a hospital or centre-based treatment, where the patient needs to endure a gruelling seven-hour process every alternate day. If you opt for this method, then you just won’t be able to work anymore — you’ll lose your source of income.”

Alternatively, a patient may opt for peritoneal dialysis, a far less invasive and more practical treatment option. The only problem, according to Loke, is that peritoneal dialysis has not seen any major innovation in decades, and worse, has been dominated by a small handful of international companies.

“The automated peritoneal dialysis machines currently in the market are large, 16 kg devices,” he said.

But Loke, an accountant by training, has been able to develop a unit that weighs just 3kg, and is equipped with state-of-the-art sensors that monitor a variety of parameters during the dialysis treatment.

“The machine is controlled by an app on a Bluetooth-enabled smart device. Intelligent sensors in the machine read and record the data on a Cloud-based server. The patient’s physician may then access this data and monitor the patient’s overall condition and health during treatment in real time, albeit remotely,” he said.

This overcomes a major pain point in the dialysis treatment, according to Loke. Healthcare professionals typically want their patients to come in to the hospitals or treatment centres, so their conditions can be monitored directly.

The IoT-enabled automated peritoneal dialysis machine, as envisioned by Loke, could be a multi-billion-dollar game changer. In providing a locally-manufactured alternative to clunky and expensive imports, he might just be able to shake up a health sub-sector that has seen little innovation over the last few decades. https://www.facebook.com/FusionexInternational/

Fusionex Supports Medical Outreach Program targeting 500,000 Malaysians

KUALA LUMPUR, Malaysia–(BUSINESS WIRE)–Fusionex is lending its support to the Mobile Medical Wellness Awareness Outreach Program. Fusionex is a main partner and sponsor for the program, which aims to create awareness of high blood pressure, high cholesterol, and high sugar – the three highs. To educate patients and the public, a Mobile Medical Outreach van will be visiting schools, colleges, malls, and community centers from November.

Fusionex Supports Medical Outreach Program targeting 500,000 Malaysians

The van and program were launched by Rotary Club of Kuala Lumpur DiRaja president Datuk Seri Nelson Kwok who took his oath at the Club’s 91st installation recently. He explained that the National Health and Morbidity Survey showed 17.5% of those aged 18 and above have diabetes and almost half of the population, or about 9.6 million people, have high blood or high cholesterol levels.

Fusionex

“It is very worrying that more than half the population has diabetes and hypertension, and four out of five people with high blood cholesterol levels are unaware of their condition,” he said, adding that “we will be conducting awareness programs on preventing the Three Highs as well as providing free tests.”

In addition to the outreach program, they will organize an art competition in January targeting the younger generation in schools and colleges. The program aims to reach 50,000 and impact 500,000 Malaysians. The program is slated to be launched internationally next March with the participation of seven sister clubs.

Fusionex Founder and Group CEO Dato’ Seri Ivan Teh said, “We are delighted to be a part of this amazing outreach program led by the Rotary Club and look forward to making this a resounding success. We hope that the public will take full advantage of the education opportunities as well as free medical tests to improve the quality of life in their families and communities. We hope that with Fusionex’s support towards this noble Rotary Club-led initiative, Malaysians will be able to live healthier and better.” https://www.businesswire.com/news/home/20180917005041/en/Fusionex-Supports-Medical-Outreach-Program-targeting-500000