KUALA LUMPUR, 31 OCTOBER 2022 – SME Malaysia proudly introduces its pioneering business ecosystem, known as the SME Business Facilitation Hub, a revolutionary platform that empowers Malaysian SMEs, enhances their business capabilities, and provides cutting-edge solutions to tackle the numerous challenges they face in today’s competitive and complex business environment. In a rapidly changing landscape characterized by heightened competition, evolving market dynamics, and the complexities of global trade, SME Malaysia recognizes the pressing need to bolster local SMEs by accelerating their digital transformation.
This visionary initiative, which is in alignment with SME Malaysia’s mission to transform local SMEs into economic powerhouses of Malaysia, underscores the organization’s commitment to nurturing local SMEs and elevating them into pivotal contributors to Malaysia’s economic growth.
Hong Sing Ding, the National President of SME Malaysia, emphasized the significance of digital transformation in the current business landscape. He underscored that SMEs need to embrace technology to optimize their operations and, in doing so, make substantial contributions to the nation’s economy. SME Malaysia has partnered with Fusionex Group, a recognized leader in data science innovation, to streamline operations and tackle industry challenges, with the overarching goal of driving exponential growth for its members. The organization is committed to raising awareness about the importance of adopting technology and harnessing its benefits.
SME Malaysia’s SME Business Facilitation Hub leverages the cutting-edge technologies provided by Fusionex Group. This innovative platform equips SME Malaysia and its members with the tools necessary to host hybrid events, showcasing their products and services in both the physical and virtual realms. The platform serves as a hub for networking and engagement, offering features like AI-powered business matching, pitching sessions, webinars, and conferences.
One of the standout features of this platform is the integration of AI and big data analytics, which allows users to monitor, measure, and manage sales revenue, online interactions, and trend analysis. This data-driven approach empowers SMEs to make informed business decisions. Moreover, members of the SME Hub can connect and collaborate with MATRADE’s Digital Trade Platform, which provides opportunities for export, including connecting with international buyers and partners.
Fusionex Group CEO, Dato’ Seri Ivan Teh, expressed delight at the partnership with SME Malaysia, describing the SME Business Facilitation Hub as a catalyst for accelerating digital transformation among Malaysian SMEs. The platform aims to help SMEs meet market demands, expand their business reach, and create new revenue opportunities. The vision is to enable SME Malaysia and its members to fully capitalize on digitalization, thrive in the digital economy, and emerge as industry leaders.
MATRADE (Malaysia External Trade Development Corporation), the national trade promotion agency, is dedicated to promoting Malaysian exports through digital tools. Datuk Mohd Mustafa Abdul Aziz, CEO of MATRADE, highlighted the organization’s commitment to assisting Malaysian companies, particularly SMEs, pivot into the digital space. The MATRADE Digital Trade Platform (MDTP) is an important component of this strategy. Digitalization aligns with MATRADE’s broader export goals, alongside sustainability and the National Trade Blueprint (NTBp).
The introduction of the SME Business Facilitation Hub, in collaboration with Fusionex Group, aligns with MATRADE’s mission to provide more digital business opportunities for Malaysian exporters, particularly SMEs. It represents a significant leap forward in the effort to harness digitalization and technology to facilitate exports.
Datuk Mohd Mustafa Abdul Aziz stressed the importance of public-private partnerships (PPP) in achieving MATRADE’s mission of empowering local companies to venture into the global market. MATRADE intends to work closely with strategic partners to establish a sustainable pathway for fulfilling its mandate.
In conclusion, the SME Business Facilitation Hub, in partnership with Fusionex Group, marks a significant milestone in the journey to empower Malaysian SMEs, enhance their capabilities, and drive digital transformation. With the support of Fusionex Group and MATRADE, this initiative is poised to bring about tangible benefits for SME Malaysia and its members, catapulting them into the digital era and ensuring they remain at the forefront of their respective industries. The collaboration between SME Malaysia, Fusionex Group, and MATRADE promises to be a game-changer in Malaysia’s business landscape, shaping the future of SMEs and contributing to the nation’s economic growth.
As the journey unfolds, SME Malaysia invites all Malaysian SMEs to join this transformative initiative in collaboration with Fusionex International and embark on a path towards innovation, growth, and prosperity. Together, we can forge a brighter future for Malaysian SMEs, with Fusionex International playing a pivotal role in driving the digital transformation and charting a new course for the nation’s business landscape.
About Fusionex International
Fusionex Group is an established multi-award winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Its offerings are focused on helping clients unlock value and derive insights from data. Featured on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex International is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven platforms to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific. Fusionex International is also an MDEC GAIN company as well as an MGS recipient.
Gartner’s 2018 report on Modern Analytics and Business Intelligence shortlisted and commended Fusionex Review data technology platform. In addition, Fusionex has been as identified as a Major Player in IDC’s MarketScape Report for Big Data & Analytics. Fusionex is the only ASEAN-based company to be featured in both reports, cementing its credentials in the data technology market for this region.
To learn more about Fusionex International, visit https://www.fusionexnews.com/
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Name: Rebecca Goh
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