VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”)
today announced that it has entered into discussions with the
Fusionex Group (“Fusionex”) to establish a mutually beneficial
exclusive collaboration between both parties.
This partnership envisages VCI Global providing
AI and big data consulting services to its clients. With a primary
focus on Southeast Asia, while keeping opportunities open
worldwide, VCI Global has selected Fusionex as its technology
partner. The global AI market, estimated to be valued between
USD110 billion and USD120 billion in 2022, presents immense
potential for growth. Furthermore, industry projections indicate
that the Asia Pacific market is poised to grow at a compound
average rate of 35% to 40% from 2022 to 2030.
Leveraging Fusionex's Analytics GIANT solution,
VCI Global aims to deliver value and strategic guidance to its
clientele. With its expertise in analytics, Big Data, machine
learning, and AI, the multi-award-winning data technology market
leader, Fusionex, empowers its clients in managing invaluable
insights from the vast amounts of data available.
“Economies are frantically bridging gaps between
businesses and the fast-evolving technologies such as artificial
intelligence, that are made available to markets. This
collaboration is thus ideal as whilst tapping on Fusionex’s
expertise, we subsequently are able to offer our consulting
expertise to our vast network of members,” said Dato’ Victor Hoo,
Group Executive Chairman and Chief Executive Officer of VCI
Global.
“AI represents the most revolutionary and
promising field of technology, playing a vital role in the
development of all sectors and industries. The transformative power
of AI promises to usher in a new era of efficiency, automation,
productivity, strategic planning, and decision-making, unlocking
unprecedented opportunities for growth and innovation in these
areas. The partnership with VCI Global serves as an impetus to
augment their offerings with our technology solutions and
expertise,” said Jacob Isaac, Managing Director (New Technologies)
of Fusionex.
About VCI Global Limited VCI
Global is a multi-disciplinary consulting group with key advisory
practices in the areas of business and technology. The Company
provides business and boardroom strategy services, investor
relation services, and technology consultancy services. Its
clients range from small-medium enterprises and government-linked
agencies to publicly traded companies across a broad array of
industries. VCI Global operates solely in Malaysia, with clients
predominantly from Malaysia, but also serves some clients from
China, Singapore, and the US.
For more information on the Company, please log
on to https://v-capital.co/.
About Fusionex Fusionex is an
established multi-award-winning data technology leader specializing
in Analytics, Big Data Management, IR 4.0, Internet of Things,
Machine Learning and Artificial Intelligence. Its state-of-the-art
offerings are focused on helping clients unlock value and derive
insights from data.
Featured on Forbes, Bloomberg, Gartner, Frost
& Sullivan, IDC, Forrester, Edison, and Huffington Post,
Fusionex is one of the largest Big Data Analytics company and
market leader in ASEAN, bringing state-of-the-art, innovative, and
breakthrough data-driven platforms to its stable of clientele
(including Fortune 500, FTSE companies, large conglomerates, as
well as a wide array of small and medium enterprises [SMEs]) that
spans across the United States, Europe, as well as Asia Pacific.
Fusionex is also a MDEC Global Acceleration and Innovation Network
(GAIN) company.
Gartner’s report on Modern Analytics and
Business Intelligence shortlisted and commended Fusionex’s data
technology platform. In addition, Fusionex has been identified as a
Major Player in IDC’s MarketScape Report for Big Data &
Analytics. Fusionex is the only ASEAN-based company to be featured
in both reports, cementing its credentials in the data technology
market for this region.
To learn more about Fusionex, visit
www.fusionexgroup.com.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company's ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
"intends," "may," "will," "plans," "expects," "anticipates,"
"projects," "predicts," "estimates," "aims," "believes," "hopes,"
"potential" or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including without limitation, the Company's
ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of Coronavirus (COVID-19)
and future measures taken by authorities in the countries wherein
the Company has supply chain partners, the demand for the Company's
products and the Company's customers' economic condition, the
impact of competitive products and pricing, successfully managing
and, general economic conditions and other risk factors detailed in
the Company's filings with the United States Securities and
Exchange Commission. The forward-looking statements contained in
this press release are made as of the date of this press release,
and the Company does not undertake any responsibility to update the
forward-looking statements in this release, except in accordance
with applicable law.
CONTACT INFORMATION:
Issued by Imej Jiwa Communications Sdn
Bhd on behalf of VCI Global Limited For media queries,
please contact:
Imej Jiwa Communications Sdn
Bhd Chris Chuah Email: chris@imejjiwa.com
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