Exclusive Partnership with Wimobilize Singapore Pte Ltd
Sydney, Aug 26, 2016 AEST (ABN Newswire) - Byte Power Group Limited (
ASX:BPG) is pleased to announce its Exclusive Partnership with Wimobilize Singapore Pte Ltd ("Wimobilize") through a BPG fully owned subsidiary, Byte Power Pte Ltd ("Byte Power Singapore").
Wimobilize is an IT company specializing in the Big Data Service Platform. (http://www.wimobilize.com)
The agreement allows for Byte Power Singapore to sell and implement Big Data related solutions originated from Wimobilize and its associates, exclusively in Singapore and Malaysia.
Big Data is the mix of unstructured and multi-structured data that arrives from multiple sources at an alarming velocity, volume and variety that traditional analytical software will not able to provide real time and predictive analysis. Big Data also consists of collections of data from traditional and digital sources inside and outside your company that represents a source for ongoing real time discovery and predictive analysis to achieve high value business objectives.
Big Data is a growing industry with the International Data Corporation (IDC) predicting that revenue from the sales of Big Data and business analytics applications, tools, and services will increase more than 50%, from nearly $122 billion in 2015 to more than $187 billion in 2019.
The new partnership with Wimobilize will not only further enhance the group's Asia presence in the market, but will also allow an optimal opportunity for the group to revive its IT&T segment.
Mr Alvin Phua, Chairman and CEO of Byte Power Group commented: "This partnership with Wimobilize is one of a synergistic nature and a timely opportunity for Byte Power Singapore to take advantage of our existing relationships within Singapore and Malaysia."
Mr Stephen Lee, Executive Chairman of Wimobilize commented: "With our superior innovative Big Data Technology Platform combined with BPG's established network, we are excited about this partnership that will help to capture a sizeable market share and accelerate a mutually beneficial business outcome."
About Byte Power Group Limited
Byte Power Group Limited (ASX:BPG) is a diversified technology solutions group with a particular emphasis on securing Asian business opportunities.
Through Wimobilize, the Group has a new cutting edge technology solution, a proprietary Advance Hybrid Artificial Intelligence Big Data Technology Platform consisting of 31 Advance Analysis Engines, 4 levels of Hybrid Correlation and Al Profiling Algorithms customised for governmental, healthcare, banking, telco and tourism industries. This proprietary Big Data technology platform elevated the AI Predictive Analysis and deep insight intelligence to a new paradigm, applicable to any market segment.
This Wimobilize Big Data technology powered e-commerce ecosystem will provide the next generation innovative trading platform for distributing the Company's Australian wine, organic honey and honeycomb.
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