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 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.
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.
So as to come to be a great electrical contractor that performs his task well, commitment and also obligation, you need to have to go through a thorough instruction. You need to have to go through the instruction as well as together adhere to specific policies as well as laws that will certainly provide you an upper hand over all others in the business. After finishing the instruction, you need to have to participate in an instruction course for a while stretch of 3 years or even 5 years under a great Journeyman Domestic electrician. The Journeyman Domestic electrician functions under the oversight of the Professional Electrical contractor. You require to become under the instruction of the elderly electrical contractor if you want to discover the ins and outs of the profession much better.
Along with the advancement of electrical energy, among the best essential occupations that have actually developed is actually that of an electrical expert. Domestic electricians are actually those that provide services for generating, dealing with as well as making electric bodies. There specify sorts of domestic electricians that focus on specific kinds of electronic devices operate. As an example, there are actually development or even property domestic electricians, device electrical contractors or even broadcast electrical contractors. Nevertheless, all these areas relate and also the job of domestic electricians and also digital designers are actually pretty identical.
Coming from the colour coding methods to the setup and also building approaches, you will certainly acquire a really good tip regarding every factor. The instruction provides you a keynote concerning the work as well as the obligation of an electrical expert and also the instruction takes you one action additionally as well as permits you to acquire closer to brilliance. After finishing your instruction, you will definitely manage to enter into a project and afterwards go on to end up being a Journeyman electrician Singapore expert your own self. Some years later on, you may also come to be a terrific Professional Domestic electrician supervising your juniors!
Just before launching a job as an electrical expert, you need to have to ensure of your targets and also your wish to work toward that career. You require to become knowledgeable about the specializeds of the career so as to make a decision the industry through which you are going to manage to seek your profession. For instance, “outdoors electrician” are actually those that function to offer electric aid for the power lines or even telephone lines outdoors. However, “Inside Electrician” are actually those that focus on benefiting power circuitry bodies inside houses, workplaces or even every other indoor area. The Within Wiremen are actually specifically valuable for building and construction web sites and also creating circuitries. Commonly, our team often tend to make use of the condition “electrical contractor” likewise for those that handle illumination in theaters and so on. Having said that, these people are actually certainly not approved electrical contractors.
When it involves illumination, a lot of domestic electricians possess a detailed know-how regarding it however generally, the condition solely shows a person that is actually trained to take care of wired units and also possesses an excellent know-how of electronic devices.To find out the best electrician in Singapore, go to https://www.spower.com.sg/ to get more info.
15 Yishun Industrial St 1,
Win 5 Singapore 768091
+65 8383 6111
Once in a while, a property owner might need company on these things. Frequently, repair work solution is actually required when a crack, obstruction or even various other problem is actually uncovered. Nonetheless, company might likewise be actually needed to have when the home owner creates restorations or even renovations to the property. For instance, you might determine that you wish your downpour positioned in a various edge of the shower room, so the water pipes will definitely need to have to become moved to support your need.
Accredited plumbing professionals have actually been actually thoroughly educated as well as flaunt the capabilities as well as skills required to guarantee long-lasting outcomes that you yearn for in your house. There are actually particular cases when a home owner will certainly seek to create fixings on his very own to spare amount of money, however his initiatives will definitely fall short, as well as expensive water harm will certainly lead. Also illegal service providers can easily give you along with lower-quality outcomes merely since they do not have the concentrated capability and also instruction that a registered expert possesses. Click https://www.my24hrsplumbing.com.sg/ to get more info and details and contacts.
Whether you need to have repair service, upkeep or even setup plumber Singaporefor your pipelines as well as various other components, you might be actually seeking a method to lessen the price of the solution and also conserve loan where feasible. You constantly possess the possibility of opting for to finish the job your own self, to utilize an illegal specialist or even to contact a qualified plumbing for help. While the latter is going to certainly be actually the best expensive service up front, the simple fact is actually that you are going to appreciate monetary perks over the long-run through purchasing premium solution coming from a knowledgeable, extremely taught expert.
CC Plumbing Service
10 Anson Rd #27-15
+65 9789 7227
Your house’s pipes device is actually significant as well as extremely good for your convenience inside your house. You count on it for whatever coming from utilizing the commode and also bathing to cleansing, cooking food and also horticulture. To delight in water throughout the residence as intended, there are actually water pipes that go through the wall structures of your house in addition to in the ground outside the house. You additionally possess numerous water-based home appliances, installations as well as various other products that permit you to access the water on-demand as needed to have.
The truth is actually that you rely upon your property’s water pipes as well as various other attributes to execute their work for you everyday. Along with unsatisfactory solution along with malfunctioning setup or even fixing methods, you carry out operate the boosted threat of experiencing water damages or even various other pricey concerns inside your house. You might spare loan on effort, yet you might purchase your selection in various other means. Employing an accredited plumbing professional for each of your repair service, servicing as well as installment demands is actually a fantastic method to make sure that your residence continues to be in excellent shape.
Anyhow, here are some great ideas on how to find a good plumbing technician for all situations.
Plumber singapore likewise involves work that many Do It Yourself enthusiasts likewise do not have much experience in. Where some will enjoy putting cabinets together, or painting and decorating, few will feel happy soldering pipes or tampering fixing sewage lines.
Before you accept anything it’s necessary to discover the following:
For how long they have stayed in business and if they have properties you can check out. A well-established plumbing technician is won’t vanish throughout the task).
Get some referrals.
Have they done comparable work previously.
Do they have insurance to cover your home (and that of your neighbours).
Do they ensure their work. Is this insurance backed? That means that if they fail then you are still covered.
Is the plumber a member of a professional trade body? If you have time, then call the trade body in question and to check out that they are presently signed up.
Obviously, if it’s an emergency situation then you might not have the ability to do all of the above. But it’s great to ask these questions anyway and you will get an idea of what sort of a plumbing technician he is.
How to Employ the Right Plumbing
Do not fall into the trap of hiring the first plumber that you called. If it’s an emergency, describe in detail the issue and get a quote. Get quotes for three or 4 various plumbing professionals so that you can compare costs. They concerns that you require to learn from them are:
What are their call-out charges?
What are their per hour rates?
When do they start their rates? (some charge you from the time that they leave their office).
Just How Much Will an Excellent Plumbing Professional Charge?
This all depends. There are no basic guidelines for how much a plumbing can charge. So it’s constantly best to get an in-depth written quote on the work to be done and the expense of this, including products.
Never pay 100% up-front of the rate. You can be anticipated to pay a deposit, this is totally regular. The plumber might have fixtures and fittings that he has to buy. Make sure that the amount is reasonable.
Working with a Plumber for Non-Emergency Jobs.
Naturally if you are preparing a bathroom refit or thinking of setting up main heating, then you have more time to ask around, get quotes, suggestions, take a look at previous work etc
. So what should you do to make sure that you hire the right plumber for the job?
Get a composed contract. This will consist of a detailed description of the work involved, the cost, start and surface dates. If the end date is very important to you, then make this clear from the start.
Get details of any assurances. This is needed both for the work he does and for the products he has actually acquired.
Keep a diary regarding how the work is progressing. This does not need to be detailed, but it can help in case there is a conflict later.
CC Plumbing Service
10 Anson Rd #27-15
+65 9789 7227
Dato’ Seri Ivan Teh stands on one of the three floors that Fusionex’s 60,000 sq ft R&D facility occupies at Plaza 33 in Petaling Jaya, putting on a demonstration of his company’s voice recognition software: “And… lights!” He snaps his fingers, and the elongated ceiling lights dim. One more snap, and the lights beam at full brightness upon his command. Another click of his fingers closer to a room featuring a life-size R2-D2 model (which lets out the occasional excited bleep), and a glass window – previously opaque – turns transparent.
It makes for an impressive, entertaining display of the sort of technological wizardry that Fusionex is capable of achieving but, really, it’s just the tip of a very substantial iceberg. From the time it was founded in 2005, Fusionex has made a name for itself in the global technology industry by specialising in analytics, big data, machine learning, artificial intelligence and, perhaps most importantly, its ability to make sense of vast amounts of structured and unstructured data for its clients. With an official net worth that currently stands at MYR1.2 billion, this is a company that – as Dato’ Teh explains – began with a badminton game and a dream of becoming a superhero.
Born and bred in Petaling Jaya, Dato’ Teh grew up as an academic all-rounder (it helped that his mother was a teacher) with an aptitude for mathematics, science and technology, as well as a love for art and drawing. “At a young age, what I really liked was innovation,” he recalls. “I began looking up to superheroes like Iron Man, Superman, and Batman when I was about eight or nine, so I’d draw them and imagine being a superhero too. It wasn’t their superpowers that I wished for, but I really wanted to solve problems and fight villains.
“As I got older, I understood that I couldn’t become a superhero in real life, but I still admired Iron Man for his innovation and creativity, where he could bring things like art and science together, the way I wanted to. That’s science technology.” This inevitably drew him towards a degree in computer science, which in itself became a springboard from which to enter the IT industry, propelling him towards managerial positions in multinational companies including Hewlett-Packard, Intel and Accenture.
“When I started working in these organisations, we’d be flooded with a tsunami of data and the problems that stemmed from it, like hospitals and medical centres, where I’d observe long queues and inefficiencies. I thought to myself, ‘What can I use or do using technology and a combination of skillsets to make life better, faster and more efficient? What can I do to change the world?’ These were eureka moments for me and, obviously, it’s important to have a vision – but how do you execute it?” It was only during a badminton game with some of his friends, who were in similar industries, that things began to get moving.
“At one of the sessions, we recognised there were a lot of problems across industries, where people were spending lots of money and yet waiting times at retail outlets, banks, telcos and airlines were bad. A few of us said: ‘There must be a better way of doing this – it can’t be all that bad. We have to be able to challenge the status quo and find a better way forward.’ We wanted to start things together, but many of my friends back then had their own careers and livelihoods to look after, and some of them were about to get married.
“I said: ‘It could be a big risk for you. Would it be something you want to do? Why don’t you let me try it for a couple of months and validate the idea that the demand is actually there? Once we’ve proven that there’s a market for what we’re offering and the business model really works, I’ll invite you to come on board.’ And that’s what I did.” It was – for a time – very much a one-man show, where Dato’ Teh had to do everything from coding software to searching for clients. No stranger to hard work (as a 10-year-old, at his father’s insistence, his school holidays were spent selling bedsheets at textile stores and pasar malams), he persevered.
“For a couple of months, I navigated the waters, finding ways to ensure our skills and ideas would be accepted in the market – which they weren’t, by the way. That was painful. People wanted a track record. But slowly, we started to gain traction and got our first few breakthroughs after six to nine months, thereby validating our model. Once we were more stable and had our first customers, I wanted Fusionex to grow and accelerate, and I couldn’t do that alone. That’s why most of the pioneering team – there were about five of us who started this – are still with us today as we continue to invite more people into the Fusionex family.”
WE COULD BE HEROES
The company’s seemingly light-hearted nickname for its workspace, the ‘Office of Superheroes’, appears to be half a vision of the future and half a teenage boy’s fantasy bedroom when you wander through it, for all the Marvel and DC Comics memorabilia in plain sight. There’s even a sizeable karaoke room with a professional sound system, in which Dato’ Teh shows that he’s not microphone-shy, either. (For the record, he does an excellent rendition of You Raise Me Up, and could give Ed Sheeran a run for his money, too.) But for all the office’s creature comforts, Fusionex’s team – which now consists of over 550 staff – works as hard as it plays.
“It’s an amalgamation of different types of ideas and technology, where villains are no longer beasts or monsters – they’re problems,” he says. “My parents taught me to understand how to bring things together and comprehend the real-world problems that people face. So, where you see poverty, difficulties in various situations, disasters or explosions, how do you use technology and innovation to overcome all of these problems? How do you manifest the qualities of a superhero in real life? That’s what we’re all about.” To illustrate the nature of Fusionex’s operations, he posits the company not just as a source of invention, but a sorter of information – an intelligent base that cuts through all things complex and incomprehensible.
“In any organisation, there are so many problems to pinpoint. In a manufacturing business, you want to ensure you minimise defects and downtime – some of these can have huge financial implications when there are quality issues or a whole batch of goods need to be returned. More severely, if you’re in a chemical plant and have a problem – say, you don’t detect a drastic increase in temperature – it can result in a hazardous explosion that could cause fatalities. What we do for our clients is identify their problems together with them, because we don’t know everything, so we have to operate in a consultative way.
“But we work with them in a diligent and very focused manner. Fusionex combines its technology with the expertise of our team to solve a client’s problems using data technology. We believe data is the new crude oil. It’s something that is extremely important, but will remain raw data unless we collect, store, process and analyse that data so that it becomes meaningful and insightful to our customers. It gives them foresight as to what they should do, based on what happened in the past, so they can plan better for the future. That’s what we do for our clients, all of whom come in different shapes and sizes, big and small.”
Gone are the days when Fusionex Founder Dato’ Teh would have to persuade potential clients to give Fusionex even a passing glance – although that may, in part, be due to a heavyweight replica of Thor’s hammer, Mjölnir, which resides in his office (“I don’t have to say much when I’ve got it in my hand,” he smiles). The company’s client roster now includes significant local and international clients such as Starwood, Ritz Carlton, Marriot, CIMB Group, American Airlines, Dell, Intel, Fedex, AEON and Malaysia Airlines, spanning a diverse variety of industries – all of them looking to Fusionex to give them the cutting-edge insights they need.
“Different industries will be different, but the crux of it is that data still resides across all industries, and when we take a look at it – as we draw parallels and compare one industry to another – while they’re adjacent, there are similarities as well,” he expounds. “From day one, our mantra was to solve problems. It wasn’t to go out there and sell a box or sell hardware – that doesn’t motivate me. We wouldn’t have been able to create new jobs or more ideation, which is what lies in Fusionex’s DNA – that fusion between business, technology and the excellence of the experience.” https://twitter.com/FusionexInt/status/1022431008618999808
Hiring a company to do electrical contractor services for your house or business can be a very difficult choice. What if you pick the incorrect one and something disastrous takes place down the line?
STEP ONE: Appropriate Credentials electrician singapore services companies working in your house must be accredited and guaranteed in case of problems. Every electrical contractor you consider hiring need to be certified, guaranteed, and bonded. They should be really going to let you understand their individual state license number. Likewise, check to see if they have the proper insurance for basic liability and workers compensation. POINTER: The prospective dangers of hiring an uninsured electrical contractor are huge. What would occur if that “friend” of yours who “knows a lot about electrical energy” gets badly injured while under your home or in the crawl space of your workplace? Well, usually, it is you who would be held 100% responsible for any injuries that they sustained while on your home.
STEP TWO: Recommendations Request for and check their referrals! You want to make sure that the business has a history of doing great in the community.
STEP FOUR: Getting a Rate In Advance Think it or not, you will not get the best price by bidding the job around to multiple companies. Call ones that you have an interest in working with, and get a feel for their client service (a live individual addressing the phone is always an excellent indication!) THEN call one out to your office or home to prepare an estimate. A lot of business are offering first time discounts for brand-new clients, and if not will usually attempt to get your long-lasting organisation by cutting the expenses of that very first task. IDEA: You want to develop a great, long lasting relationship with an electrician. The chances are that you will call them more than once throughout your remain in your home or office.
STEP FIVE: Knowing that you have actually called (Not Worked with YET!) the ideal electrical expert. Here are a few things to watch out for when that electrician concerns your door the very first time: o An excellent electrician will ALWAYS come to your door in a clean uniform. The more expert business firmly insist that their electrical contractors carry enough clean uniforms so that they can alter after every task if one gets filthy. o An excellent electrical expert will have service cards with their business name, telephone number, and a license number on it. o A terrific electrical expert will NEVER EVER perform a task without getting the suitable permits. Yes, you can always get someone to do the job more affordable and faster by not pulling permits, but it puts you and your family/employees at great threat when you do so. Also, what takes place if you do not pull authorizations and something fails, like a fire? Opportunities are that your insurer will ensure that the suitable permits were in place, and, if not, you might not be covered!
o An excellent electrical expert will constantly call you back within 24- hours or less, supply a well documented written estimate detailing all labor and products, and put a timeframe on the estimate also. POINTER: Let’s state that the job all of a sudden “grows” at some time, and through no fault on anyones part you need to invest more to get it done. A terrific electrical expert will stop and provide a written addendum to the initial price quote so that you know what to anticipate at the final expense.
A great electrical expert will always listen to what you wish to have done, and after that make suggestions based upon their skilled opinion. There are numerous things that need to be factored into a rewiring task, for instance: (overall amperage usage, devoted circuits for computer systems, high wattage cooking area work lights, vacuum cleaner usage, types of bulbs needed, existing electrical wiring, etc etc) An excellent electrical expert will consider all of the ancillary things that you may not think of, discuss them, and offer you alternatives on which direction you wish to go.
A great electrician will constantly use those amusing shoe covers when entering into your house from the attic or the basement. They also will not ever leave a mess of dust and debris once they are done.
STEP 6: Employing your electrical contractor Make certain prior to work begins that you have signed an official estimate approved by you and the professional. Ensure that you have allocated enough time for the work to take place. Click here:
15 Yishun Industrial St 1,
Win 5 Singapore 768091
+65 8383 6111
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.
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.crunchbase.com/organization/fusionex
There are six stages of every digital transformation that can help your business stay on track for successful implementation.
In today’s rapidly changing digital landscape, business evolution is a necessity for growth and sustainability. While many companies are quick to accept this understanding, it can still be difficult to effectively plan and execute these changes successfully.
Thankfully, a series of blueprints have been developed for organizations to follow when modernizing their business processes. Here are the six stages of any digital transformation as identified by Brian Solis, Principal Analyst at Altimeter, and how to identify your company’s progression towards a better DCX (Digital Customer Experience).
Stage 1: “Business as usual”
The first stage of transformation has no real action associated with it and represents a “business as usual” mindset. In this phase, company leadership still rebuffs change and businesses are still reactive when considering the need for improvement. While some companies adopt more modern technologies at this stage, most improvements to processes are superficial.
Stage 2: Present and active
As companies begin adopting more digital solutions for a larger goal, they enter the present and active stage of transformation. Although still inconsistent, there is now larger importance on compiling and reviewing customer needs while expanding social awareness of the company. Very early planning stages may also start to be discussed with a goal of improving and simplifying business processes and customer touchpoints through it outsourcing companies.
Stage 3: Formalized
The third stage is typically where companies spend most of their time and where the first key actions are taken to begin a digital transformation. In this phase, more formal and intentional levels of experimentation are introduced. This stage is also where tension within the organization may arise as new disruption and begin to challenge company culture. More substantial decisions are made regarding any necessary future change that can inevitably impact the company on several levels.
Stage 4: Strategic
The Strategic phase of transformation is where the initial roadblocks of larger-scale changes have been addressed, and executive buy-ins have opened the door for company-wide implementation. In this stage, most of the company has fully adopted the importance and significance of digital transformation and is working to actively support future changes. At this point, more significant investments in new business technology are being made with the goal of sustaining new company initiatives.
Stage 5: Converged
At the fifth stage of digital transformation, businesses have successfully connected the dots between digital transformation concepts and the beginning stages of implementation. When in the Converged phase, target teams have been developed to assist the company when deploying new initiatives and strategic planning. With the value of all technical changes being accepted, any cultural roadblocks are officially removed, and the company is on its way for a successful transformation.
Stage 6: Innovative and adaptive
The Innovative and adaptive stage represents the sixth and final stage of a company’s digital transformation journey. At this stage, a business has seen a complete overhaul of its processes to support better growth and sustainability. The company culture has been redefined to incorporate new changes, and a digital course is now a way of life for the organization. Moving forward, the business will continue to adapt its systems and processes to support the needs of its customers over time.
Digital transformations are key to ensuring that your company can adequately service a modern and more sophisticated customer base. By recognizing each stage in the digital transformation process, you’ll be better equipped to ensure that your company’s progression towards a more sustainable future. https://www.pslcorp.com/it-outsourcing-services-companies/
For more info:
PSL CORP – USA
154 Grand Street
New York, NY 10013
Multi-award-winning data technology provider, Fusionex, has been accorded the Top Technology Partner Award for 2018. Fusionex was presented with the award at the Alibaba Cloud International Summit “Infinity 2018”, which was held at Resorts World Convention Centre, Singapore.
Fusionex was recognized with this award for its efforts in providing cutting-edge Cloud solutions to organizations across Asia and is officially Alibaba Cloud’s go-to-market partner in the region. Both parties have a shared vision of developing new technologies that will spur a wave of digital transformation and have jointly tapped into emerging opportunities in various sectors such as financial services, trade facilitation, e-commerce, retail, aviation, travel and hospitality, and manufacturing. To further drive Cloud adoption within the region, Fusionex has dedicated a team of specialists to develop products that combine Alibaba Cloud services with Fusionex’s technology offerings to produce total solutions.
When asked to share his views on how he sees the future, Teh further commented: “In today’s world, businesses are racing to harness the power of the cloud, blockchain, big data and AI. Companies across industries, from finance to energy to healthcare to food, retail, travel & hospitality are paying close attention to these technologies, seeing the potential to increase revenue, enhance market reach, reduce costs, share and secure information more efficiently, and unleash new products at unprecedented speed. There is really a lot at stake in this race. Having witnessed what the advent of digital, cloud, and mobile did to companies that weren’t quick enough to adapt, no one wants to be left behind. Hence, we at Fusionex are here to help companies ride this wave of digital transformation – and the cloud plays a crucial role in helping our customers on this journey.”
The Alibaba Cloud Summit Infinity 2018 was the Cloud provider’s first International Summit and boasted an exciting day filled with top-notch keynotes, vertical industry channels, high-level engagement discussions and amazing product launches.
Distinguished speakers at this grand event included Singapore Minister for Foreign Affairs and Minister-in-Charge of the Smart Nation Initiative Dr Vivian Balakrishnan, Alibaba Cloud International Business President Yeming Wang as well as Fusionex Vice President of New Technologies Raju Chellam, just to name a few.