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DataMonetization

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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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Industry

Exploring Digital Strategies for a Leading Veterinary Group in Asia: Lunch Discussion with Alan Lai

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Grateful to have a lunch discussion with a passionate and entrepreneurial leader, Alan Lai. Alan is the Group CEO of the Pet Space Group, a leading veterinary group in Asia. I love their #Medutainment strategy. He is also one of our elite CUHK EMBA alumni and my learning partner in CityU DBA. Our roads are crossing in multiple dimensions #有緣。

When we met last time in one of the CUHK 60th Anniversary events in HKJC, we touched based on the potential opportunities for a traditional pet veterinary group in the digital economy. That was why we had this lunch to explore further on potential strategies for the group like platform strategy and data monetization strategy.

Look forward to having a few more rounds of discussion with Alan. His business has lots of potential if Alan can have a right digital strategy.

#Strategy #DigitalStrategy
#DigitalEconomy
#Platform #Data #DataMonetization
CUHK EMBA #CUHKEMBA
#CityUDBA 香港城市大學

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Knowledge

MIT Prgram Completion: “Data Monetization Strategy: Creating Value Through Data”

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Finally completed the “Data Monetization Strategy: Creating Value Through Data” program organized by MIT Sloan School of Management 美國麻省理工大學斯隆商學院. It was one of the best data strategy programs in the recent few years. Even I have solid experience and background on AI and Big Data, I found that this program provides very relevant practices to monetize our data asset.

Big thanks to Dr. Barb Wixom‘s sharing and effort to put together this insightful program for us. My classmates or learning partners were from all over the world but we have a common goal to find the best way to monetize data. We formed a cross-country, cross-company and cross-function community and had lots of forums in the program to exchange views on relevant topics. That was one of the best parts in the program.

The course was not that easy as we might think of. It took me a few months to go through a series of modules and assignments. However, it is worth spending effort on this course out of my already-packed schedule.

The program had quite strict requirement to grant the certification to the participants and really tested my knowledge and persistence. My drive is that we are not just learning a new technology. To stay relevant in today’s digitally-disruptive world, we got to have the mindset to keep learning and innovating. Grateful that I did it and was granted the certificate.

My key takeaway is that it takes more than data and technology to monetize data effectively. Democratizing data literacy to everyone at all business levels and empowering them with data mindset are critical for data monetization success. That is what my team and I at OpenCertHub Academy have been empowering quite a few enterprises in Asia to do so.

If you would like to know more about this MIT program, here is a good video for it https://lnkd.in/gVZcdnuq

Enjoy learning and innovating!

#MIT#MITSlogan
#Data#DataLiteracy#DataStrategy
#DataMonetization#DataAsset
#CitizenDataScientist
#DataCitizen
#AI#BigData#MachineLearning
#OpenCertHubAcademy#OCHA#OpenCertHub
#LifeTimeLearning#Innovation#Technology

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