Fusionex International PLC Million dollar Open Data contract win (0933M)
January 18 2016 - 2:00AM
UK Regulatory
TIDMFXI
RNS Number : 0933M
Fusionex International PLC
18 January 2016
For Immediate Release 18 January 2016
Fusionex International plc
("Fusionex" or "the Group")
Million dollar Open Data contract win
Fusionex, a leading international software provider specialising
in Analytics, Big Data and the Internet of Things ("IoT"), is
pleased to announce a multi-year contract win worth approximately
$1 million for Fusionex Insights (GIANT) with a government agency
from the Asian region tasked with developing information and
communications technology (ICT) in the public sector.
For this initiative, GIANT will be used to further the agency's
'Open Data' initiative to achieve increased transparency,
accountability and accessibility to government data that is neither
confidential nor sensitive. 'Open Data' is gaining prominence
internationally and this win again demonstrates GIANT's abilities
to manage data in an efficient and user-friendly way to support
public sector effectiveness.
The agency's decision to use GIANT brings a number of benefits,
including resolving issues which the agency has been unable to
address until now. Firstly, GIANT is able to manage the disparate
databases and file formats easily and on an automated basis,
improving the agency's workflow, eliminating manual inputting
errors and ensuring that the system is scalable in order to handle
the growing amounts of data being collected.
In addition to enhancing transparency and accountability, it is
also important for the agency to maintain the integrity of its
sensitive data. GIANT's capabilities in managing data will enable
the agency to safeguard sensitive data effectively, using GIANT to
establish the suitability of information released to the public,
and plan the release of such data to the public in a measured and
accurate manner. Confidential and sensitive information will
naturally still be treated with care to prevent leakage, theft and
misuse.
Furthermore, GIANT will help the agency upgrade its systems to
allow various other ministries and agencies within the public
sector to supply and extract information easily, effectively and
rapidly. To cultivate an innovative culture, the same publicly
available data will also be accessible to create business
applications to solve problems and address different
challenges.
Looking ahead, the use of GIANT will enable monitoring of
changes in trends, patterns and statistics; insights, predictions
and prescriptions can be made via GIANT's cognitive computing. As
part of its deployment, GIANT will be used to improve the agency's
interactions with the public, including its complaints process. Not
only will GIANT manage and integrate data more swiftly,
streamlining the procedures considerably, it will also be used to
derive trends from past interactions and predictive analytics to
foresee and prevent potential issues before they happen.
Ivan Teh, Fusionex Chief Executive Officer, commented:
"We are proud to be able to fast-track this agency to becoming a
modern, agile organisation that is able to employ cutting edge
technology for greater success. This win is an important step
towards promoting the use of Open Data and greater transparency and
consolidating Fusionex GIANT with the agency's substantial data
infrastructure will result in important insights for the
client.
With Open Data gaining momentum in Asia, we see this as a
considerable growth area and we are excited to be involved in this
initiative, contributing to the betterment of the information
ecosystem as a whole."
For further details:
Fusionex Through Buchanan
Ivan Teh, Chief Executive Officer
Yuen Choong Lai, Chief Financial Officer
Darren Hopkins, Director for IR and Corporate Development
Panmure Gordon
Fred Walsh, Alina Vaskina (Investment Banking)
Erik Anderson, Tom Nicholson, Charles Leigh-Pemberton (Corporate Broking) 020 7886 2500
RBC Capital Markets
Pierre Schreuder, Ema Jakasovic 020 7653 4000
Buchanan
Sophie McNulty, Gabriella Clinkard, Stephanie Watson
www.buchanan.uk.com 020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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