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Unlocking the Secret to Data Monetization: Insights from China CITIC Bank International’s Agile Culture Transformation Room

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Change Starts With “YOU”. What a quote posted on the wall of the Agile Culture Transformation #ACT room in the China CITIC Bank International #CNCBI 中信銀行(國際) in Hong Kong. The Bank really understands how important culture is to make any change work. It is so inspiring and a perfect place for us to hold our forum there with the main theme on Data Literacy: From Data Insight to Data Monetization.

The secret sauce of monetizing data asset effectively is in fact Data Culture of the organization. Our audiences were from different business units of the Bank. They also agreed with us that data culture is the top challenge to monetize data asset of the bank.

Frazer Lam, CIO of CNCBI, and I have delivered our speeches to set the scene. We then had a fruitful discussion with Patrick Khong #HKEX, Michael Yung #Google and Victor Ng #OpenCertHubAcademy #OCHA. Really grateful having them in my panel. We all learnt a lot from their sharing. Thank you.

My 3 key takeaways on monetizing data effectively are as follows:

1. Collaboration across business units, IT and Data teams are super important to capitalize data asset.

2. Users at all levels should speak the language of data as their habit to solve problems, seize opportunities and communicate/agrue with stakeholders.

3. Building a sustainable data culture is the most critical success factor for data monetization rather than talent, data, technology, financial support and business cases.

Victor Ng and I have been empowering quite a few enterprises with our Data Literacy Empowerment Programme #DLEP. It is a data culture change programme and is a journey instead of a project. Please find out more https://ochacademy.com/

Really appreciate Denny Woo, CPFinT(M), Salina C., Sunny So, Joel Tse and many others from CNCBI and my OpenCertHub Academy’s colleagues to make this happen. Thanks for all participants on site and online today and their sensible questions. Happy to catch up with good friends Benedict Lau, CSM, CSPO, Lam Holly, Hongming Hu,CFA FRM and a few more now with the Bank there after the long Covid time.

Change Starts With “YOU”. Let’s empower ourselves to be a data citizen and speak the language of data every day.

#DataLiteracy #DataCulture #DataMindset #DataCitizen #CitizenDataScientist
#DataMonetization
#Data #BigData #AI
#Change #Culture #Agile #Transformation

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Competition

Collaboration for Co-Creation: Runnovation Place Hosts B4B Challenge and DaLa Crossover Event

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Another meaningful gathering for data experts and users to learn from each other this afternoon in the amazing #Runnovation place of China Resources Capital. It was a crossover for B4B Challenge #B4B and Data Literacy Association #DaLa. Appreciate the support from Dennis Choi, Philip Cheng and Xinyi L. #CRCapital.

B4B Challenge B4B Limited has been a platform for Hong Kong and mainland data startups to apply their data expertise to solve real world problems for the last 7 years. DaLa – Data Literacy Association has just started last year with aim to empower users to make use data effectively – “Empowering Everyone to Speak Data”. Both organizations are joining hands to bring experts and users together to learn and co-create values from data.

In the capacity of Founding Chairman of DaLa and Principal Advisor of B4B, I was pleased to see more collaboration across two communities to co-create more synergy. Grateful to see our DaLa founding fellows Michael Yung, Matthew Chan, Nixon Chau, Elaine Wang were there to support the event. Thanks Candi Yeung and her teammates to make this happen.

DaLa has started organizing company visits, forums and training to help our members to learn more data literacy in different functions, companies and industries as well as connect more like minds data friends to know each other. In early May, DaLa led a delegation to Macau. Here is a short video to get a feel of our inspiring and fruitful trip.
https://lnkd.in/g5ZT-22M

More on B4B Challenge 2023:
https://lnkd.in/gD79Uz_P

More on DaLa’s Study Trip to Macau:
https://lnkd.in/gaqfYZkd

If you, as company or individual, are interested to become a member of DaLa and participate our activities, please visit our website https://lnkd.in/gPzbeTmp. We look forward to welcoming you especially the users who are keen on upskilling on data literacy and unleashing the power of data in their businesses, operations and daily work.

#DataLiteracy
#Data #AI #BigData
#Innovation #Technology
#ChinaResources

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Activities

The 2nd Cohort of DLEP Programme in CEBHK

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Once again, users at all levels across departments demonstrated that they can make good use of data to create real impact to their customers and companies. We witnessed it once more in the China Everbright Bank Hong Kong Branch #CEBHK today.

Colleagues from different front, middle and back offices at CEBHK have gone through our Data Literacy Empowerment Programme #DLEP organized by Hong Kong Institute of Bankers #HKIB and OpenCertHub Academy #OCHA in the last few months. This was the 2nd cohort already at CEBHK. They were required to do a team project to pick a pain point in the company and use data to tackle the problem.

Today, they presented their projects to the CEBHK’s senior management Nancy Wu, Stephen Chang, Fanny Chan, Carrie Leung #HKIB, Dr. Victor Ng and myself from #OCHA. It was really impressive on not just the business impact created from their data initiatives but also the cross-team collaboration. Thank you so much for the team’s effort and the support from all senior management of CEBHK and Carrie.

In the last few months, Victor, Patrick Tsoi and I have provided a series of data literacy training, shared industry best practices, conducted hands-on workshops and provided mentorship for their team projects to the participants. We are so grateful to see that teams today can apply them so well in solving their real problems. From mindset, skillset to everyday use of data is our goal and we have seen this happening in CEBHK.

Special thanks to Fanny, Elaine and their teammates for their effort and trust to my team from the day 1 of our collaboration. Look forward to co-creating even more impact and values to CEBHK throughout our data literacy empowerment journey at CEBHK.

#DataLiteracy #DataCulture #DataMindset
OpenCertHub Academy
#BigData #AI
#CitizenDataScientist #DataCitizen

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Activities

My First Class In The Year Of The Rabbit

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My first class in the Year of the Rabbit was a demo class for CUHK EMBA. Really felt warm to see so many knowledge seekers f2f in our classroom. Good thing was that we kept it a hybrid mode where hundreds attended it online in parallel. That is our new normal for the future so more people can learn together even though they are still working or back home with their families.

In my capacity of CUHK EMBA Associate Director and Founding Chairman of Data Literacy Association, I talked about “Stay ahead of Your Conpetition: Treat Data as Your 2nd Business Language”. My key message is that business leaders need to use data daily as how they use English and Chinese for effective and compelling communication. Data is the Voice of our Customers and it is business through data monetization. Business users need to not just be data literate but also treat it as your competitive edge. Own it yourselves instead of just getting help from IT and Data teams. Building a sustainable data culture and empowering every employee with high Data Literacy are the secret sauce of leading enterprises in today’s Digital Economy.

Thanks for my EMBA student Chris So to have shared his learning experience as well as Rendy Ng. Appreciate all participants to have joined our session last night. Thanks to my EMBA colleagues to organize it as well Professor Pong Yuen, Howard Lam, Chun So, Ken Lin and many others.

#CUHKEMBA #EMBA
CUHK EMBA CUHK Business School
#DaLa DaLa – Data Literacy Association
#DataCulture #DataLiteracy
#AI #BigData
#DataCitizen #CitizenDataScientist

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Activities

HKIB Spring Lunch 春茗 for the Year of the Rabbit

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What a way to start the Year of the Rabbit with most of the bankers in Hong Kong! Thanks Hong Kong Institute of Bankers to organize such a great Spring Lunch 春茗 today in the Grand Hyatt Hotel. We used to have many CNY spring lunches or dinners in the banking industry but it was gone zero in the Covid period. We all enjoyed the f2f gathering again.

Appreciate the effort from Carrie Leung, Philip Kam and their teammates of #HKIB. Also, thanks to the great leadership from Mr David Kwok. Great to meet and have a chat with Legco Councillor (Financial Services) Hon Ronick Chan JP there as well.

As a strategic partner of HKIB on our Data Literacy Empowerment Programme or DLEP, we were so grateful to have a table there to host friends and partners of OpenCertHub Academy. Really feel warm to see many friends there and thanks for their presence in our table Kenny Au, Doris Tong, Barry Chan, Jacob Wai, FRM, FFA FIPA, FCMA, CSDP, MHKCS, LLM, MBA, 鄭嘉泓, Sunny Cheung, Patrick Khong, Jack NG, Edmund Lam and certainly my teammates Andy Kwok and Victor Ng. Also grateful to meet many friends in person and with joy Fanny Chan, Cheng Burton, Charlotte Wong, Michael Leung, Sammy Ho, Angela Lee, Ryan Fung and many more. It was cold outside but we had a warm gathering. Thank you.

#Banking #FinTech #AI #BigData
#OpenCertHubAcademy #OCHA
OpenCertHub Academy
#DataLiteracy #DLEP
#DataCulture #DataMindset

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Activities

HairCoSys Spring Dinner for the Year of Rabbit

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“Spring Dinner 春茗” is back. In our Chinese New Year #CNY tradition, companies will organize Spring Dinners to host their colleagues, close customers and partners, at the beginning of the lunar year. It aims to kick off a new year and welcome all their colleagues back to work after their CNY holiday. Unfortunately, because of the Covid, most of the companies haven’t done it for the last three years. In the Year of the Rabbit, most companies have started doing it. We are really pleased to have all these back.

Thanks 黃創安 of HairAgain 髮再生 Haspero 桂圓美 and Michael Wong of HairCoSys to invite me to join their Spring Dinner. We all had fun with professional artists and their colleagues to sing good songs, experience sharings, lucky draws, etc. Hong Kong local start-up, XOXO Beverages, was there to serve personalized cocktails to us. Their innovation was not just an ordering system. We can mix and match different ingredients for the cocktails ourselves through their app and a spider chart shows the result of the mix. And the robot makes it for you. That was the green drink in my photo with Mr. Wong. What an innovation! Thanks XOXO Beverages.

It is my first Spring Dinner in the Year of the Rabbit. I will have many more to come in the coming weeks. Good news is that we can see friends and partners f2f in great atmosphere. The bad news is that I have to be on a serious diet after all these to lose some weight after taken all these tasty food. Enjoy your Spring Dinners. I’ll see you in some of those.

Both Ivan Ng and I were grateful to be advisors of HairCoSys. It is so impactful and meaningful to use AI to add values to a very successful traditional leader like Hair Again. Let’s use #innovation and #technology to transform more incumbent companies to stay relevant in today’s digital age.

#SpringDinner #春茗
#HairAgain #髮再生 #Haspero #桂圓美
#HairCoSys HairCoSys Limited

#HairCoSys HairCoSys Limited
#AI #BigData #DataScience
#HairLoss #HairCare #HairHealth
#HKSTP #HKAILAB
#XOXOBeverages

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Startup Advisory

The First Meeting with HairCoSys’ Core Team in 2023

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Glad to kickoff my first review meeting in 2023 with HairCoSys’ core team in my office today. HairCoSys aims to make use of AI to sustainably fix hair loss problems for many people with this pain point around the world. It is a big problem and it is a huge market. We reviewed what we have achieved, rooms for improvement and plan for 2023.

HairCoSys has just started last year. Really grateful to be their president and advisor and contribute my experience and networks for their growth. Appreciate the leadership from Michael Wong and the data science experience from Ivan Ng, and the effort from our passionate teammates there.

In a short period of time, HairCoSys has received good recognition from the industry. We have successfully been admitted to not only HKSTP Incubation Programme, but also Hong Kong AI Lab Programme. Both are reputable and solid programmes on cultivating elite #startups. What a year! We shall keep up our great effort and make more breakthrough in 2023 and beyond. Add oil, team.

#HairCoSys HairCoSys Limited
#AI #BigData #DataScience
#HairLoss #HairCare #HairHealth
#HKSTP #HKAILAB

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Hosting

RTHK Radio 管理新思維: Interviewing Nixon Chau @ SenseTime

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Today is the reopening day across mainland, Hong Kong and Macau. What a good day to have a chat with Nixon Chau, Managing Director and General Manager, #Sensetime #商湯 Hong Kong today at RTHK1 New Management Thinking Programme #管理新思維 on the growth and future of AI in Hong Kong and beyond.

As I previously posted in my LinkedIn, https://lnkd.in/g7-XzN-Q, we did have a good discussion on the business potential, technologies, enterprise and SME adoption, career development, Hong Kong’s positioning in GBA and more.

If you have listened to us live today, we hope you got some inspiration there. If you haven’t joined us this afternoon, you are welcome to listen to our discussion here at RTHK1 webpage below.
https://lnkd.in/gYddhHHW

#RTHK #RTHK1
#NewManagementThinking
#AI #人工智能 #ArtificialIntelligence
#BigData #DataAsset
#Innovation #Technology
#GBA
#CUHKEMBA CUHK EMBA CUHK Business School

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Hosting

Stay Tuned for Upcoming RTHK Radio Episode with Nixon Chau @ SenseTime

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AI is impacting every company and every individual on earth. In the upcoming RTHK programme, New Management Thinking #管理新思維, I am grateful to have Nixon Chau Nixon Chau, the Managing Director and General Manager of #SenseTime #商湯 to be my guest. SenseTime is one of the world’s leading AI companies with root and headquarters in Hong Kong.

As a AI and Big Data practitioner myself, I am so pleased to have this opportunity to have a chat with Nixon on the growth and the future of AI in Hong Kong and the world, how large to SME companies and individuals can embrace and ride on this trend, what #startups can learn from SenseTime’s experience to grow from small to become a listed company, and more.

Don’t miss this opportunity. Tune in the radio channel RTHK1 this Sunday Jan 8, 2023 from 2pm to 4pm. Let’s dance with AI together.
https://lnkd.in/f-X8RaN

#AI #BigData
#Innovation #Technology
#RTHK #RTHK1
#NewManagementThinking
#CUHKEMBA CUHK EMBA
CUHK Business School

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Latest Events

Best HR Awards 2022

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Congratulations to all the winners of the Best HR Awards 2022 organized by CTGoodJobs. Grateful being one of the judges and speakers for the Awards again. My OpenCertHub Academy team fully supported the ceremony this year. Thanks Vivienne Wong, Shirley Pi, William Ho, Reo Lam and their teammates to organize such a great award ceremony. We enjoyed our great collaboration and teamwork with the CTGoodJobs team.

I particularly appreciate this Awards because it has pioneered quite a few award categories to encourage HR leaders to cultivate digital transformation and innovation initiatives and talent to their organizations.

In this year, Data Literacy Association #DaLa www.DaLaHK.org , which was founded by a number of data leaders and I to nurture data culture in large to small organizations, jointly with CTGoodJobs created a new category called Data Literacy Award. It aims to encourage establishing data culture and enabling pervasive use of data in organizations to unleash the power of data to every employee. Congratulations to The Bank of East Asia #BEA to receive the 1st ever Grand Award of this category in Hong Kong. Really appreciate the great team effort from their FinTech, Data and Training and Development teams. Congratulations Stephen L. Kenny Au, and Doris Tong. My OpenCertHub teammates are so fortune to collaborate with the BEA team to empower their colleagues at all levels of the bank to speak the language of data.

Also happy for many HR leaders in town like Fanny Chan from China Everbright Bank Hong Kong #CEBHK, Eliza Ng #HKPC, Edmund Lam #FubonBank, Derek Wu #LKK, and many others for their amazing achievement. Also good to see young leaders like CY Chan #ECHealthCare, Bobo Wong, Michelle Chan #Microsoft, Mingo Tsang #Bowtie and more. They are with bright minds and our future as well.

As I mentioned in my talk on “Data Literacy – Build Future-proof Workforce with Second Business Language”, Digital Transformation not only needs digital experts but also HR experts as change management and culture play a pivot role in its success. Teamwork between digital teammates and HR teammates are super important. Had a very good chat with Kandy Lui #iHRM and learnt a lot from her on the HR profession and it’s latest development. Also learnt from José Carlos Bezanilla on how to make Hong Kong a Great Place to Work #GPTW.

#HR #HumanResoures
#OpenCertHub OpenCertHub #OpenCertHubAcademy
OpenCertHub Academy
#BankOfEastAsia #BEA
#DataLiteracy #DataMindSet #DataCulture #DataStoryTelling
#AI #BigData #HRAnalytics #HR
#DigitalTransformation #ChangeManagement

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