NEW YORK, June 28, 2024 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform services provider, has announced a partnership with V2 Indonesia, a leading Indonesian solutions provider, to jointly drive the deep integration of cutting-edge technologies, including AI, into the smart home sector.
Through this partnership, which was formalized at the Tuya Global Developer Summit in 2024, Tuya Smart and V2 Indonesia aim to enable customers to capitalize on the tremendous opportunities presented by Indonesia's fast-growing smart home market.
V2 Indonesia is an innovative company that combines automation technology and digital reality to transform various industries. The company serves all business sectors, from private enterprises to government agencies. With an advanced software platform, V2 Indonesia is poised to bring about a technological revolution in every aspect of life while building strong collaborations with future industry leaders.
Indonesia has one of the youngest populations in the world, with a population of 274 million, of which 58% are young. This young demographic is generally more receptive to innovative products such as smart electronics, which has led to a growing demand for smart home and related products in the Indonesian market. According to a recent report, Indonesia's smart home market is experiencing rapid growth, with a compound annual growth rate of over 20% over the next three years.
To capitalize on this fast-growing market, V2 Indonesia remains committed to exploring the smart home space. The company is focused on improving its technological capabilities to facilitate the development of smart home products that cater to evolving consumer needs. Through its long-term exploration, V2 Indonesia realized that the integration of intelligent technologies such as AI and IoT holds immense commercial potential for the smart home industry. Furthermore, these cutting-edge technologies can streamline workflows, optimize resource allocation, and minimize operational costs. As a result, V2 Indonesia chose to partner with Tuya Smart, a world-leading cloud development platform, to establish an industry-leading smart home ecosystem. The collaboration aims to provide customers and consumers with a more convenient, intelligent, and personalized smart home living experience.
This collaboration has enabled V2 Indonesia to leverage Tuya's Smart House & Real Estate SaaS to develop a comprehensive and streamlined smart solution that significantly reduces time and costs for customers, ensuring fast and efficient product launches and promotions.
At the hardware level, V2 Indonesia has leveraged Tuya's vast intelligent hardware ecosystem to further expand its product range. To meet diverse customer needs, V2 Indonesia seamlessly creates customized home scenes with flexible combinations, providing a more comfortable and personalized living experience.
At the software level, Tuya's OEM SaaS services provided V2 Indonesia with a comprehensive set of connectivity tools, including a comprehensive product control system, intelligent scene design capabilities, efficient batch distribution tools, operation and maintenance knowledge base, online fault diagnosis, and streamlined work order services. These tools effectively facilitate V2 Indonesia's project implementation and accelerate customers' smart home upgrades.
In particular, V2 Indonesia's virtual assistant ViVi, which incorporates Tuya's GenAI technology, can have meaningful conversations and interactions with users. By simply providing voice commands, users can easily operate smart products at home, greatly improving the convenience of their daily lives.
Rudy Hidayat, CEO of V2 Indonesia, commented, “As a pioneering solution provider in Indonesia, V2 Indonesia has consistently led the development of comprehensive home intelligence. Through our close partnership with Tuya, we have seamlessly integrated cutting-edge technology into real-world scenarios, introducing groundbreaking smart home solutions to the Indonesian market. Looking ahead, V2 Indonesia looks forward to deepening its collaboration with Tuya to build a new smart home ecosystem leveraging AI technology, together creating an even richer smart lifestyle for all.”
Gloria Huang, Vice President of Operations at Tuya Smart, added, “V2 Indonesia has a strong market presence and vast customer base in Indonesia. Our partnership with V2 Indonesia provides us with an opportunity to introduce our innovative solutions and products to the Indonesian market, thereby opening up new business possibilities. We will continue to work together to delve into the needs of Indonesian consumers, refine our offerings, and actively expand our intelligent business operations in the country to jointly seize upcoming market opportunities.”
“The collaboration between Tuya and V2 Indonesia will not only establish a new benchmark for the smart industry in Indonesia's smart home market, but also combine the technical capabilities and market insights of both parties to drive the rapid evolution of the industry. Moving forward, Tuya will continue to work with V2 Indonesia to innovate and come up with novel solutions and smart home products, ultimately providing a more intelligent home life experience for Indonesian consumers.”