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Toa Charm

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OpenSource is the core of Digital Economy. Top tech giants in the East and the West are all leveraging on open sources to innovate effectively together with their Lean Startup and Agile practices. Almost all key apps on internet and mobile, such as Google, LinkedIn, Airbnb, Alibaba, etc., that we are using every day are based on open sources. It stimulates and empowers Co-Creation in not just the startup world but gradually the Corporate Innovation world.

Join the upcoming Hong Kong Open Source Conference HKOSCon2020 HKOSCon on Jun 12 and 13 at Cyberport. Experts and users of open sources will share their experience. Not just techies will find it useful, business leaders and professionals will also find it valuable for their Digital Transformation and Innovation.

On the capacity as the Chairman of OpenCertHub, I will share how open source technologies democratize Data Literacy to everyone which is badly needed in Data Economy.

Find out more about the conference and register it here.   https://lnkd.in/gUi97BD

Appreciate the great support from Charles Mok and the great effort from the organizers Sammy Fung OSHK Open Source Hong Kong Committee, HKCOTA HK Creative Open Technology Association, HKLUG HK Linux User Group, and Cyberport teams.

Vote for your favourite startups in the 3rd STARS Programme jointly empowered by FHKI Hong Kong Startup Council and HSBC Business Banking.

3 categories for you to vote for:

  1. The Best Pitcher
  2. The Investors’ Favourite
  3. The Top Innovator

Visit this DemoFest app https://lnkd.in/gBmvkRp to find out more about these stars and vote before Jun 8, 2020. More info here https://lnkd.in/gNeMgxd

You can also watch video there to learn from Dr. Daniel Yip, FHKI Chairman, industry leaders and evangelists about the tech and innovation impact on toys and electronics industry, Reindustrialization Industry 4.0 as well as experience and recommendations on how SMEs and startups to deal with the Covid19 and the opportunities and challenges in the PostCovid19 era.

Thank you to all key contributors and many others in FHKI and the ecosystems including Daniel Yip, Gordon Lo, Jason Chiu, Bryant Chan, Daniel Chan, Jaff Lau and Ada LAM

More STAR cohorts for other major industries are coming. As a member of the FHKI Startup Council Excom, I will continually collaborate with our teammates to empower more value cocreation across Industrialists x Bankers x Entrepreneurs.

We all had a fruitful day at MIT Innovation Node today in Hong Kong to be the jury panel of the IFTA FinTech Achievement Awards. Top financial services incumbents, startups, virtual banks, entrepreneurs and rising stars were all here. Indeed, great to see many familiar and new faces.

We were impressed by innovative business models, advanced technologies and most importantly the participants’ passion, and their economic and social contribution.

Thanks for the leadership from 龐寶林 IFTA and Charleston Sin MIT Innovation Node to make it happen to encourage and nurture FinTech innovation in Hong Kong.

Stay tuned to find out the stars of the stars in the FinTech world. The 2nd year IFTA Annual FinTech Award presentation ceremony will be on Aug 18, 2020. For more, please visit www.cftasia.org

Macao has been cultivating the Specialised Finance for the last few years. With the new government administration on board, a few exciting Financial Services initiatives are being explored and will soon be launched. AI is inevitably one of the key FinTech areas that Macao needs to support the Macao CE’s vision to transform Macao into a Digital Macao.

I am going to deliver a webinar on AI for Financial Services for the Faculty of Finance, the City University of Macau on May 14, 2020. Financial institutions and Financial Technologies (FinTech) startups are using AI and Machine Learning methods to assess credit quality, to price and market insurance contracts, and to automate client interaction. Some of these companies are optimising scarce capital with AI and machine learning techniques, as well as back-testing models and analysing the market impact of trading large positions. Financial services companies are using these technologies for regulatory compliance, surveillance, data quality assessment, and fraud detection. I will explore more on the webinar.

Here are more information for the webinar: https://lnkd.in/g6YArVm

Contact me if you would like to know more about Macao and explore more opportunities in Macao.

Industrialists, Bankers, Retailers & Entrepreneurs joined hands to share how to deal with and bounce back from the Coronavirus / Covid19. I joined 2 online forums as panel speakers today with the same theme i.e. how to bound back from the downturn due to the Pandemic. The 1st one focused on retailers while the 2nd one was on industrialists, startups & entrepreneurs.

I had a fruitful discussion with Chow Tai Fook’s Kent Wong & Quentin Wong and HKMA’s Dr. Victor Lee on the impact of AI, Platform, Gamification and more on the retail industry.  I also learned a lot from YaTa’s Susanna Wong, Fortress’ Clarice Au, and HKRMA’s Mary Suen.  Susanna made a great point. She said, “2 things that we must invest”.  1st is engagement with colleagues & 2nd is technology.  These investments were well justified & paid off as it helped them overcome this challenging period. The 3 leaders also shared about the unprecedented challenges on Logistics, Agility, Staff Skills, Customer Expectation & how to deal with them.  Excellent sharing.

I also had an insightful exchange with FHKI’s Dr. Daniel Yip, Startup Council’s Jason Chiu & Bryant Chan, and HSBC’s Daniel Chan on opportunities & challenges for startups & opportunities in HK, GBA, SEA & Reindustrialization. Stay tuned for the upcoming DemoFest.

Retail is being hit seriously by the Coronavirus outbreak.  CEOs and senior management of the leading retailers in Hong Kong, including Chow Tai Fook周大福, Fortress 豐澤, Yata 一田, and RetailTech and AI experts, will come together to discuss and share our experience on how retailers in Hong Kong and in fact worldwide to deal with these challenges under the pandemic from business and digital perspectives.

It will be an online forum on May 6 (Wed) from 2pm to 4pm. Thanks HKMA, HKRMA, DMC and ARMA for co-organizing this forum.  I am grateful to be one of the guest speakers.  Will learn more from the other industry and digital veterans.

For more information, please click these links.  See you there.

eDM: https://lnkd.in/gqZtsx3

Website: https://lnkd.in/g6VktWW

Most of us have been using and engaging with these companies like Alibaba, Amazon, Apple, Facebook, Google, Netflix, Tencent, and Ctrip. What do they have in common? They are not only the world’s highest valuated businesses but also the world’s most influential platforms. The next generation of Fortune500 companies in the decade of 2020 will be mostly platform-based businesses such as Airbnb, Grab, Robinhood, Spotify, and more.

What is platform? More importantly, what kind of magic do they have to make them so powerful? Platforms, a near-monopolistic business model, are quietly taking over the global economy. These platforms make much of their money not by what they sell but by facilitating the interactions or transactions of others. Traditional product, manufacturers,  brands, and intermediaries (or “the middleman”) incumbents in all major industries are being seriously disrupted by these platforms.

I am going to explore why every one of the businesses has to have the right platform strategy in order to able to compete and even survive in the DigitalEconomy, and how we can formulate a suitable and feasible platform strategy for our businesses even we are a product company now. Stay tuned on April 29.

Leveraging technologies to keep learning and upskilling ourselves during this period of time is a positive way to manage today’s global chaos. I have delivered a series of forums in different cities in China on this topic.

I have explored why and how we should reskill ourselves to become big data literate and empower ourselves and colleagues around us to be a Citizen Data Scientist so that we can unleash the power of big data in the real world.

A summary of my China Series Webinar on Big Data Literacy in April 2020 can be found here:

https://mp.weixin.qq.com/s/FEXJKL4mea4qS_SVutGxBw

Many corporations have noticed the importance of Data, Big Data AI & aggressively kick-started its Digital Transformation journey. However, successful Digital Transformation involves far more than IT or DT (Data Technology) tasks, it calls for company-wide full participation of all departments. In any change management process, talent is always the key.

As such, top management including CEO, CTO, CIO, CDO, COO, CFO, CMO, HRBP, etc. will need to co-design digital transformation strategy, set up of organization structure, develop Data Literacy culture within the company, build up a strong data-literated team from recruitment, training & reskilling current staff, etc.

It is my pleasure to deliver an information session on Apr 17 for AmCham Shanghai to help their members in China to get the latest information on the critical keys & considerations for corporations conducting Digital Transformation. Thanks for the arrangement from Kornerstone & OpenCertHub in Shanghai.

 

We will explore:

  1. Global scene & China’s example in Digital Transformation
  2. Key successful factors & examples in Digital Transformation
  3. Importance of Data Literacy & Re-skill
  4. Roadmap on People Dimension in conducting Digital Transformation

 

Find out more here https://lnkd.in/fqrreS8

AI will bring human & machine to work closely together. Rather than just Automation, Augmentation is the real thing that we need to adapt to in this decade. Digital Colleague will be working with us perhaps managing and supervising us. In the professional world, that is no exception and excuse. Accounting and Finance industry is facing the same challenge. Digital Accountant is emerging & becomes a must for all in the industry.

We have delivered a CPD webinar today to ACCA members on the topic “The Most Wanted Accountant in the Digital Economy”. Hundreds of accounting & finance (F&A) professionals participated.  We have lots of respect to the learning attitude of our fellow ACCA’s members during the challenging period of the Coronavirus. We started the forum with 3 critical questions that every F&A professional needs to have serious thoughts in the Digital Economy.

  1. Will AI replace F&A professionals? How bad? How soon?
  2. Are there any new roles for F&A professionals? If yes, what are they?
  3. What & how should F&A professionals reskill themselves so they can continue to be relevant & capable of taking up the new roles in the Digital Economy?

Daniel Yuen shared his view on Citizen Data Scientist & why F&A professionals need to strengthen their Data Literacy.  Patrick Tsoi then demonstrated how Open Sources based big data tools can make a huge difference to visualize & manage Big Data from the traditional Excel and BI tools. Thanks to both.

Appreciate ACCA HK to lead the Digital Transformation for and bring in innovation to the Accounting & Finance industry in Hong Kong. I have been collaborating with the team since 20+ years ago. Two of the photos below were taken in the panels of two ACCA annual conferences 15 years in between. Amazing that both HSU President Simon Ho and I were in both panels. What a great memory. I hope I could continue to support it in the next 15 to 20 years. Thank you so much to ACCA.

Appreciate ACCA, Kornerstone Catherine Chan & OpenCertHub Andy Kwok to co-organize this webinar. Kornerstone provides Citizen Data Scientist training courses while OpenCertHub provides examinations to certify big data, AI & open-source talents.