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The #CPA Conference 2021: Transcending Together. Grateful to see that #HKiCPA Hong Kong Institute of Certified Public Accountants has successfully organized their #f2f annual conference today.

It was not easy for sure as we were still having lots of challenges under the Covid-19. Thanks for the leadership from Raymond Chung Ching Cheng, President of the HKiCPA, and his teammates like Rosalind Lee, Horace Ma, Jonathan Ng to organize this event and invited me to be one of the panel speakers. Over 200 members joined this inspiring event. Congratulations.

The conference invited great speakers to share their experience. We really learned a lot from Kenny Sham from #LEGO as well as many others like Edwin Morris from #JebsenTeddy Liu. I was impressed how they innovated in the pandemic period. Kenny said that the traffic was dropped from 3,000+ visitors per shop daily down to 3. If you were LEGO, what were you going to do apart from scaling down, cutting cost, etc. They didn’t.

LEGO launched a number of innovative programs like Lego Brick at Home, Cross Girl Virtual Pop-up Store (AR), etc. They performed great in terms of not only sales but also customer engagement, branding, sustainability and staff loyalty. In essence, truly understanding the pains of different customer segments in the pandemic and being able to solve these problems using #innovation and #technology, and the established trust among colleagues made the difference.

I was in another panel on digital transformation. We had experts from the #Accounting and #Finance industry and certainly #DigitalTransformation, including Andrew Lee #EYDickman Chiu from #Bitmex, Michael Chan #Vis and Jeffrey Chan #GrantThornton. We agreed that change management, culture, purpose, collaboration and most importantly people are the key for success in digital transformation.

My final recommendation for the audiences was, rather than worrying about #AI may replace some of their jobs, to proactively #upskill themselves, especially on their #DataLiteracy and empower their companies to transform. In the context of this change, both the company and the finance people will have a chance to learn from the journey especially unleashing the power of #data and monetizing data. That experience will benefit not only the company but also the employees for better career options in the #DigitalEconomy.

Great to meet old and new friends there too Venus Tang (鄧麗華) Francis Fong Mandict Wong Johnson Kong and many others.

The vibrant Hong Kong #Innovation and #Technology #ecosystem is back to normal (well, at least getting close to that) with exciting and impactful activities every day and every week. Really grateful to seeing that happen.

Please join me in the next 2 weeks for a series of exciting events (just a partial list).

AI & Big Data in FinTech Forum
Sep 29, 2021
https://lnkd.in/gH3N-wKp

The 14th CIO Executive Summit 2021 – Hong Kong
Theme: The CIO Imperative in the New Normal: Creating the Ultra-Adaptable Enterprise
Sep 29, 2021
https://lnkd.in/g7tb7728

The CPA Conference 2021: Theme: Transcending Together
Oct 2, 2021
https://lnkd.in/ghc8hBsC

Establishment of Corporate Innovation Index
Theme: Open Forum and Pilot Study
Oct 4, 2021
https://lnkd.in/g-xXf87h
https://lnkd.in/gAfA6c5R

Digital Leadership Series
Theme: Leadership & Workforce Transformation in the Digital Era
Oct 12 and 13, 2021
https://lnkd.in/gTq6KPkf
https://lnkd.in/gRhSrte9

and more.. Stay tuned for my post-event insights and key takeaways.

#CUHK #MIG #VFF
#VirtualFinTechFair #FinStep #NovsphereMedia
#HKiCPA #CPA
#DigitalTransformation
#DigitalWorkforce
#AI #BigData #FinTech
#CorporateInnovation
#CIO #CDO
#Finance #Accounting #Auditing

#CPAAustralia has released their annual survey “CPA Australia Asia-Pacific Small Business Survey 2020-2021”. It covers 11 economies in the APAC including Hong Kong.

Thanks for Janssen Chan FCPA (Aust.) & my #CUHKMBA student Carmen Pan to invite Ryan Fung from #PAOB & I to join a forum to discuss about technology adoption & applications in HK based on the survey. Close to 500 participants joined the online forum.

Hong Kong SMEs are behind some Asia’s economy in terms of #eCommerce#SocialMedia and #Innovation. However, those in HK who used #technology in their business & operation have seen significant growth even under the #Covid19.

Apart on leveraging government funding & support on #SME #Digitalization, SME management should not be afraid of technology & think it is a big investment. In today’s digital world, tools are easier to use & learn and it is affordable. More importantly, it is a mindset change & how we adopt changes.

Technology is a new way to solve customer pain points. Knowing & keeping update on what’s available opening up different ways to solve these problems. Good use of technologies can in fact empower SMEs to beat the big guys with rich supply of traditional asset as proven by the #unicorn.

#CPA Australia survey here
https://lnkd.in/g-8AHFR

#BillGates said, “Banking is necessary, banks are not”. Have we thought about “Accounting is necessary, accountants are not”?

#Accounting#Auditing and #Finance professionals are used to have a peace of mind in earning secured income and having great prosperity. However, another #NewNORMAL has come to them in this decade and they have to respond well to keep flourishing for their career.

While these professions are still very important to us, many of them are in high risks of losing their jobs to #AI and #BigData in this decade.

According to PWC, 30% of our current jobs will be automated by AI by 2030. Accounting and Finance is ranked as the top tier of the list. How should the professionals and students in the profession prepare themselves for this tsunami? The answer is #DataLiteracy.

On behalf of #OpenCertHub, I will share our view on this hot topic together with #EY and #Kornerstone in Shanghai on Jan 14, 2021. Thanks to the support from Hong Kong Institute of Certified Public Accountants. If you are interested, just scan the QR code below or contact #HKiCPA #HongKong or #Shanghai for more information.
https://lnkd.in/g4daTPR

#Accountant #Auditor #Finance #Accounting #CPA #AI #BigData #OpenSource #Reskill #Upskill #Talent Catherine Chan Catherine Leung

BigData is the Secret Sauce of today’s most successful companies like Amazon, Alibaba, etc. What does it mean to Accounting and Finance professionals, leaders of traditional enterprises and individuals’ career?

I have delivered a series of sharing sessions in Malaysia on these topics and generated lots of interests here. All the audiences were serious to learn the secret sauce and how to prepare their companies and themselves ready for this inevitable change. Empowering majority of workforce to be data literate & CitizenDataScientist is the key to be a DataEnterprise, innovate data driven business models & monetize big data effectively. Please find out more about Citizen Data Scientist from one of my advising companies OpenCertHub and www.opencerthub.com.

Thanks for ACCA, MiCPA, MDEC, 6Biz, ADAX my teammates in HK and KL, and many others’ support to make these forums possible. Met lots of great accountants, auditors CFO, business leaders, young entrepreneurs, university professors and certainly big data and AI practitioners. Special thanks to Dato’ Vimmy Yap Datuk Dr. Stanley Yap (Professor) Paul W Chan Dato’ Robert Teo Kean Sim Woon Jack Lee Carmen Thong Shun Shun Aishvarya Lakshimy (Aishu) MMIM, CPC (TCI) Poo Kuan Hoong and many others.