Recognizing the immediate need to support local SMEs due to increased competition, shifting market demands and global trade complexities, the SME Association of Malaysia (SME Malaysia) has teamed up with multi-award-winning data technology market leader Fusionex to debut a first-of-a-kind business ecosystem aimed at potentially maximizing the business growth of Malaysian SMEs.
An initiative in line with their mission to transform local SMEs into economic powerhouses of Malaysia, SME Malaysia aims to accelerate the digitalization of local businesses with the introduction of this virtual platform by equipping them with cutting-edge solutions to overcome business challenges and operational constraints.
According to SME Malaysia’s National President Ding Hong Sing, digital transformation is now more important than ever. It is an integral part of how SMEs can optimize their businesses and in turn, contribute to the growth of the nation's economy.
“By partnering with Fusionex, their role as a leader in data science innovation will streamline operations and solve industry challenges to drive exponential growth for our members. We will continue to use our voice and platform to raise awareness about the importance of adopting technology and reaping all the benefits it has to offer.”
The project, dubbed the SME Business Facilitation Hub, will be powered by Fusionex technologies and offers a suite of innovative solutions to empower SME Malaysia and its members to organize hybrid events and showcase their offerings in both physical and virtual worlds.
The platform provides an avenue for networking and engagement opportunities such as AI-powered business matching, pitching sessions, webinars and conferences, to name a few.
The robust platform’s infused AI and big data analytics enables its users to monitor, measure and manage sales revenue, online interactions and trend analysis, guiding their business-making decisions through data-driven approaches.
"The SME Business Facilitation Hub will act as a catalyst that accelerates digital transformation for Malaysian SMEs, allowing them to meet market demands, expand business reach and boost revenue opportunities,” said Fusionex Group CEO Dato' Seri Ivan Teh.
“We hope this partnership helps SME Malaysia and its members fully capitalize on digitalization, thrive in the digital economy, and become the industry leaders of tomorrow. In addition, SME Hub members can connect, interface and collaborate with MATRADE’s Digital Trade Platform to benefit from export opportunities presented by MATRADE, namely connecting them with international buyers and partners," he added.