A Memorandum of Understanding was signed between Fusionex and the Penang Smart Trade Facilitation Hub. Fusionex teamed up with Penang in developing facilitation and intelligent logistics platform. The platform is meant for local SMEs to do business on an international scale.
What Is Fusionex?
Fusionex is a prominent data technology provider that serves major corporations globally. It specializes in artificial intelligence (AI), machine learning, and big data analytics. As a trustworthy data specialist, it enjoys an international presence in advanced technology solutions from SMEs to Fortune 500 companies.
What Is The Penang Smart Trade Facilitation Hub?
The Penang Smart Trade Facilitation Hub is a high-tech platform that will be devised for the local small and medium enterprises (SMEs) located in Penang. The platform will enable SMEs to engage in e-commerce and e-business worldwide. It would likewise help them expand with speed, and have better business prospects.
What is Fusionex’s Role In The MoU With Penang?
Fusionex’s function in the signed memorandum of understanding with Penang is to provide the required technology for the entire platform operation. Essentials like facilities, solutions, and knowledge will be developed by Fusionex. The advanced technology provided by Fusionex will allow a lot of local businesses to collaborate and move forward together.
What Are The Characteristics of Fusionex’s Intelligent Logistics Platform?
The platform, as per Fusionex’s CEO Datuk Seri Ivan Teh, will be designed by utilizing AI, Big Data Analytics, and the blockchain technology. The combination of these systems will allow easier business dealings internationally. And this will revolutionize Penang as the center for high-tech trading, where orders are managed with prompt efficiency.
How Will Fusionex’s Intelligent Logistics Platform Benefit the Local SMEs?
Fusionex will assist the SMEs in being ready to join the platform. It will provide all the infrastructure and technology needed to accomplish this. Most local SMEs do not have the funds for high technology advancement. So the platform is being developed to assist them in accessing customers worldwide at a low cost.
The logistics platform is vital in helping the SMEs expand their businesses. It will afford them new opportunities to reach more clients globally. The advantages are indeed limitless when it comes to high-tech modern advancements.