Fusionex International PLC Launch of GIANT 2017 (9672G)

TIDMFXI

RNS Number : 9672G

Fusionex International PLC

02 June 2017

Fusionex International PLC

("Fusionex" or the "Company")

Launch of GIANT 2017

Enhanced and Simplified Platform Provides Faster Access to Analysed Data

Successful Soft Launch Provides Platform for Growth

Fusionex, a multi-award-winning, leading software solutions provider specializing in Big Data Analytics ("BDA") and Internet of Things ("IoT"), announces the official launch of its latest software platform, GIANT 2017.

This follows a successful soft launch late last year where ten companies were invited to take part in the pilot of GIANT 2017. To date, eight out of these ten pilot companies have already signed up for GIANT 2017 including several previously announced contract wins with blue-chip clients across a number of sectors.

The Company expects to build on Fusionex GIANT 2017's successful soft launch over the coming months by offering all existing GIANT users the option to migrate to GIANT 2017. The new 2017 platform enables users to formulate strategies and predict trends across various verticals and is expected to provide a significant and increasingly visible revenue stream for the Company.

Intuitive Functionality

GIANT 2017 provides new search-driven analytics capabilities that allow users of any technical ability to unearth insights in their data with an intuitive and easy-to-use search engine.

The Company's flagship platform can now deliver real-time insights using Natural Language Processing ("NLP") techniques that integrate with a much richer visualization palette including charts, dials and heat maps that use Artificial Intelligence ("AI") to automatically display data intuitively and chronologically. The platform also enables users to drill down from global to local city data.

Enhanced Solutions

GIANT 2017's enhanced features provide Big Data solutions for SME and large enterprises. It will also address different price points and budgets, equipped with the ability to support any industry and any data.

The platform enables users to forecast future trends and confidently make data-backed decisions and enjoy an increased rate of accuracy in a range of activities including inventory management, personnel deployment, energy consumption and, route planning.

Insights are translated to data-driven decisions, aimed at increasing operational efficiency and organizational revenue, as well as achieving a greater understanding of market movements and customer behaviour.

Ivan Teh, Fusionex Chief Executive Officer says: "This marks a milestone for Fusionex as we push the boundaries of how data can be analysed and extracted by anyone. I believe this will revolutionize the way businesses use data in the future, as with simple natural language requests delivered through AI capabilities users are able to discover complex insights into their data.

"Our vision has always been to create innovative technology that meets the business needs of today's market. Innovation drives growth and we strongly believe Fusionex GIANT 2017 is the answer to an IoT driven world that is in constant need of better, faster, cost optimised and commercially-feasible technology. Analytics can help bridge the gap between business and customer needs, and we are ever ready to assist our customers to stand above their competition."

Chwee Chua, AVP, Analytics, Big Data and Cognitive Systems research in IDC Asia/Pacific commented: "Where self-service analytics capabilities and data integration is concerned, availability of skilled resources is a common roadblock to BDA initiatives among APEJ organizations. This is where Fusionex GIANT's offering stands to add tangible value.

"The barriers of artificial intelligence, machine and deep learning are rapidly dropping. As such, cognitive systems, the likes of Fusionex GIANT's natural language processing capabilities, will soon be powering data-driven applications across a wide spectrum of solutions. This new generation of tools and capabilities is capable of offering intelligent assistance, advice, and recommendations to end users; thus enhancing their competitive edge or supplementing information for better decision making.

"More than sixty-five percent (65%) of organizations in the region remain at the first two stages and take an ad hoc or opportunistic approach. This majority has just started their BDA journey, learning and experimenting BDA technologies to address business challenges. Fusionex GIANT would therefore be in a position to help these organizations do so."

For further details:

 
 Fusionex                                  [e-mail] 
  Ivan Teh, Chief Executive Officer         [phone] 
  Yuen Choong Lai, Chief Financial 
  Officer 
  Darren Hopkins, Director of Investor 
  Relations & Corporate Development 
  Stifel 
   Fred Walsh, Neil Shah, Ben Maddison, 
   Rajpal Padam                                     020 7710 7600 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 02, 2017 02:00 ET (06:00 GMT)