Fusionex launches GIANT 2017, comes with NLP capability

FUSIONEX International Plc, a big data analytics solutions provider, believes that its new big data analytics solution can help the company to win more clients and gain market share.

The analytics solution, known as Fusionex GIANT, allows companies to have a holistic view of its business operations, understand trends, buyers behavior, and even predict outcomes. Unlike larger big data companies from the US or Europe, the company’s big data solutions are more user-friendly and easier to deploy.

“Our solutions may not be as powerful as some of our rivals’, but it has the features and characteristics that meets the needs of the chief executive officer, the chief information officer, and chief financial officer,” Fusionex founder Ivan Teh told Digital News Asia recently.

“Today, CEOs want a fast-to-deploy big data solutions, they can’t wait 18 months or more for the implementation. CIOs and CFOs want a solutions that are easy to manage, easy to use, and does not cost a lot to maintain.”

According to Teh, the new GIANT, dubbed the Fusionex GIANT 2017, is far more superior than the predecessor. He said that it is now able to make sense of trillions of data sets — making it a suitable tool for banks, stockbroking firms, hotel chains, manufacturers and others.

Ivan Teh
Ivan Teh

 

Like the previous version, the GIANT allows users to get key insights by just ‘drag-and-drop’. For example, dragging the company’s sales data and customers data could allow the company to find out which particular products are more popular among the young working adults.

“More importantly, the new GIANT allows user to get insights in the easiest way possible — by talking to it. The new GIANT comes with a natural language processing (NLP) capability that will perform various tasks. For example, you simply only need to tell it to show you sales number, or sales number based on region, and those data will be produced immediately,” said Teh.

“Gone are the days when you need days or weeks to generate a report.”

Penetrating the SMEs

The company also introduced its first big data analytics solutions catered to the small and medium enterprises (SMEs).

The product, dubbed ANT, is the “mini-version” of the GIANT. It has most of the features SMEs need when comes to making sense of their data.

“For a long time, the SME market has been underserved. It also has most of the features that SMEs are looking for.

Expecting strong response

In late 2016, Fusionex invited 10 companies to take part in the pilot run of the Fusionex GIANT 2017. From the 10 companies, 8 of them have already signed up for the solution.

“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,” said Teh.

“Analytics can help bridge the gap between business and consumer needs and we are ready to assist our customers to stand above their competition.” https://www.businesswire.com/news/home/20180627005468/en/Higher-Learning-Institution-Leveraging-Fusionex-Data-Technology

How To Grow Your Business With Webinars

So you have come up with an online business idea and you are thinking over how you could possibly profit out of what you have. There are times when your business experience difficulties and peddling the product along will not give you the substantial sales. Do you have any idea that an average individual in the US spends roughly four hours online on a daily basis? This could mean that many people are using the internet and most of these are your target consumers. In order for you to reach out for your customers, a webinar is what you need. However, this does not necessarily mean it is all about your business. Its real purpose is to give timely information to customers and prospect clients. This is vital for it creates a bond between your business and your customers. You have to constantly keep them engaged through webinars to offer recent information about different issues your customers consider important. Webinars can be used to update about different sales strategies for the growth of your business.

What Webinars can do to help Your Business

Step 1 Acquire Classic Webinars – There are things that are always in style. There are specially designed webinars that could be good refreshers essential for business growth. Most of the subjects covered include import/export and analysis of the market. You will also learn different sales practice, methods on customer service and several ways to pursue business growth.

Step 2: Need Help? Get it for free– SCORE. Org is a major nonprofit specializing if helping small business owners to obtain mentoring with professionals. It also has a comprehensive bank of webinars online. Most of these business professionals have created particular webinars to assist business owners like you growing in a tough market. See for yourself the newest SCORE webinars.

Step 3: Take it from the pros– After knowing how webinars help in business growth, think over creating a particular webinar which include topics about gaining clients or expanding in your market. Let these webinars be accessible to owners of small businesses or even with big ones in your industry. With this, you can shape valuable strategic alliances together with other firms in B2B approach which can help in the further expansion of your company. You can utilize resources and get benefits from scale production economies that you might have not considered. Keep in mind that you can make other business as your clients.

Step 4: How to make it easy– On the main page, signature or body of your emails to your customers, put a link directing to your webinar in order for customers to access it easily. If you make it easier for them to access, the more people will be interested to visit your site and eager to know about your business that would eventually increase customers.

Step 5: Communicate with Customers– Ask from customers their reaction about your webinar through your blog or social networking site like Twitter. Let them express about the issues that they want to learn for this makes them feel that your company are concern about them. This will let you keep your customers.

How To Make More Sales

Sales Growth. Every business needs sales growth. When the company bottom line is lacking and cash flow is deficient a business owner may pour through his/hers monthly financials or spreadsheets reviewing line entries to find out where the business is and to find any glaring problems. Most often this analysis results with the same outcome. INCREASE SALES or DECREASE EXPENSES.

I, and many other business owners, recognize that reducing expenses is always a good thing, and during an economic downturn such as the one we are presently experiencing it is more than necessary. But my experience is that you can only reduce expenses so much. It helps your situation month after month to attempt to reduce your expenses to improve your bottom line, (and is a great business discipline), yet at some point you get to the place that you cant really reduce expenses much more, YOU NEED TO GROW SALES.

Sales growth also occurs across many different efforts, but these different efforts can be simplified to categorize sales growth as:

Internal Sales Growth (or referred to as organic growth) Growth through Acquisition

Companies may tend to use just one of the above means, or both of them. In my last business our sales growth came through a combination of both internal growth and growth through acquisition. Both means have advantages and potential disadvantages. But both should be considered. The longevity of the business may also dictate what means to utilize for sales growth. Speaking from personal experience of growing and running a business for 20 years here are a few of my findings.

In the early years annualized sales growth of high double digits and or low triple digits was very attainable through internal growth. But as your sales grows and your year over year comparisons are based on higher sales numbers attaining the higher sales growth figures became more difficult. So acquisitions helped support our internal growth efforts. Efforts for internal growth never stopped, they just got supplemented with strategic acquisitions. Recognize that acquisitions that are synergistic in nature can have some tremendous results on your bottom line.

A poorly performed acquisition can also have the opposite result and can be very costly to the business. Where do you look for potential acquisitions? Competitors are always the first best place to keep your eyes open to. Below are some of the pros, cons associated with growth through acquisition and through organic efforts.

Sales growth through Acquisition and Organic efforts Pros/Cons – When acquisitions are truly synergistic the effect on your bottom line can be significant. Even when considering the acquisition cost of money consider the following. If you sell Yellow Widgets and your sales are $10,000 a month – you may have the monthly cost of business to sell those widgets including a building, a telephone, insurance, advertising, company car, receptionist, etc -cost totalling $6,000 per month. You decide to buy a local competitor that sells Red Widgets and his sales are $7,000 per month. He also has similar cost of business- you may find that you may increase your sales now to $17,000 and you no longer need his building, phone, company car, and receptionist. Even considering the cost of money for acquisition- you probably have increased your bottom line virtually overnight. So immediate sales increase is a plus – But consider:

Handling/managing a big bump in sales “overnight” can be a daunting task and business can be lost in transition and may need to be factored into the acquisition decision analysis. The customers of the “other” company are used to doing things in a different way. Your way may be an improved way, but the difference may be detrimental in the eyes of some acquired customers. Financing the acquisition can be difficult- Financing through the Seller is usually easiest, and being they are in the business- they can better understand and see where the money is coming from and the likelihood of payment.

Acquisition can grow sales at a much higher more immediate rate. You gain the benefit to the bottom line “today”. In current economic times Acquisitions may be had at more favorable multiples of earnings. Organic growth – the customer is “brought along” with your company philosophy, approach ,and methods and have a certain “comfort factor” with this approach. Organic growth rates may decline as the maturity of the business grows. Organic growth adds to the stability of the company. If acquisitions are not available the company can rely on own internal efforts and have control of those efforts.

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