Have you ever wondered why there are more varieties of products than ever before? This event can be attributed to the rapid increase in technology that this century brings. Let us explore one of these companies, Fusionex, who is taking advantage of this change to help increase the production of palm oil.
Who is Fusionex?
Its headquarters centered in London, Fusionex is a multinational company whose focus is data technology. Their services centered on analytics, big data, artificial intelligence, deep learning, and the Internet of Things (IoT). Using various data gathering techniques, Fusionex recommends upgrades using the latest technology that they can afford to improve their services.
Founded by Malaysian entrepreneur Ivan Teh in 2006, it has received various international awards. In 2012, it was listed on London’s Alternative Investment Market (AIM), became an Amazon Web Services (AWS) Partner, and Microsoft deemed them as their top Global Business Intelligence partner. Since then, they have expanded to multiple offices around the world while being recognized by large companies such as Forbes and Gartner.
Who is MOSTA?
Also known as the Malaysian Oil Scientists’ and Technologists’ Association, the organization is a group that comprises some of the brightest minds in oils and fat science, technology, and commerce. They were inaugurated on September 7, 1989, and has since then cooperated with various organizations such as the Federation of Oils, Seeds & Fats Associations Ltd. (FOSFA) and the Malaysian Palm Oil Board. Since then, they spearheaded projects in their home country.
MOSTA’s Award to Fusionex
On April 25, 2019, Fusionex and MOSTA came together and held an event at the former’s office. Aside from this, MOSTA granted Fusionex’s Founder and Group CEO Dato’ Seri Ivan Teh his Honorary Fellowship. This appointment was due to the various achievements that he and his company brought to the world.
It was also when the data technology company launched its joint program, the Smart Milling Workshop, via Industry Revolution 4.0 (IR 4.0). The goal of the program is to integrate Malaysia’s palm oil industry with the technologies under IR 4.0.
IR 4.0 makes use of various forms of analytics to assess a company’s operations. Its goal is to maximize the inclusion of computers and automation while creating a symbiotic system between monitoring and manufacturing. Some of its benefits include optimizing its production lines to save annual costs to increase floor space by using robots in its operation.
In this article, we have learned about Fusionex’s status and how their founder Ivan Teh became a member of MOSTA. With this partnership, we can be reassured that their efforts will help make the palm oil manufacturing industry grow in leaps and bounds.