BUSINESS

QI GROUP, QIU ANNOUNCE RM3 MLN INNOVATION INVESTMENT

24/11/2023 06:06 PM

KUALA LUMPUR, Nov 24 (Bernama) -- Multinational conglomerate, QI Group and Quest International University (QIU) have entered a two-year joint transformative journey with a RM3 million investment in cutting-edge projects.

QI Group managing director Kuna Senathirajah said the memorandum of understanding (MoU) signed between QI Group and QIU will drive the joint development of event management systems, platforms for distributors, and solutions to improve business processes.

“Both entities will contribute their expertise, resources and knowledge to ensure the successful creation of these innovative solutions,” he said in a statement today. 

He said the ambit of the investment, kicking off with the Global Events Management System, promises unprecedented cost efficiencies and operational consistencies for both participants and organisers across QI Group and QIU's diverse range of events.

Additionally, a pioneering artificial intelligence (AI) project is set to enhance corporate efficiency and staff capabilities, wherein the introduction of an AI Upline system will provide sophisticated, gamified business coaching, training and empowerment in their ventures, he said. 

Senathirajah said QI Group is also modernising its financial platforms including the Digital Wallet and Digital Payment Systems to stay ahead in the rapidly evolving digital finance landscape.

Meanwhile, QIU chief operating officer Nicholas Goh said basic research, interdisciplinarity and cross-border collaboration are critical success factors between universities, enterprises, and governments while emphasising the evolving role of universities in the 21st-century innovation ecosystem.

In a strategic collaboration for Educational Excellence, QIU will leverage QI Group’s professional expertise to establish a comprehensive educational programme that aims to equip its students and graduates with world-class skills in cloud technologies and cybersecurity, anticipating the demands of the future job market by 2024.

The statement said that with these initiatives, QI Group and QIU reaffirm their commitment to innovation and excellence.

“Dedicated teams will manage the rollout of these projects, setting a new standard for operational efficiency and security in the industry. The organisations are poised to deliver top-tier service and support to their global network of customers and partners, ushering in a new era of collaboration and progress,” it added. 

-- BERNAMA

 

 


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