I received invitation from CUBIC
for Opening Ceremony and the forums of the CityU Digital Business Innovation
Festival organized by the MBA Programme of College of Business. Opening Ceremony with theme named “Bridging
Education, Technology, and Business” was held on 23rd Jan 2018. The progression of our society bases around
the three key areas of Education, Business and Technology. Before the ceremony, I met friends of CityU
Eminence Society – Dr. David Chung and Dr. Wilson Chan and we took a photo for
memory.
Dr. Ray Cheung (Director, CityU
Apps Lab, CityU) was also here.
I also took a photo with Mr.
Clement Lam (Associate Director, KTO, CityU) for memory.
Prof. Way Kuo arrived and signed
on the board of SHARP Forum. SHARP Forum
is a thought-provoking platform where thriving business executives, prominent
government officials, prestigious scholars, inspiring entrepreneurs,
influential celebrities, and renowned experts are invited to:
Spread inciting ideas, insightful
perspectives, and inspirational experiences;
Stretch boundaries of novel concepts,
evolving issues, and cutting-edge solutions.Before the ceremony, a music performance and cocktail were provided.
Many student technology and business
innovation projects were demonstrated.
The Theme and Objective of the festival
were introduced by MCs. MC briefed that 138 team entries across Asian countries
and 48 shortlisted teams enter the second phase of 2018 App Innovation
Contest. Moreover, 15 teams joined App
Idea Poster Competition.
In the beginning, Prof. Houmin
Yan (Dean, College of Business, CityU) gave an opening address. He asked us to look into One Health, Digital
Society and Smart City and said technology is much related to business
education.
Then Prof. Kevin Chiang (MBA
Director, CityU) presented certificates to supporting organizations. Dr. Ray Cheung represented CityU Apps Lab to
receive the certificate.
Group photo was taken.
Prof. Way Kuo (President and
Distinguished University Professor, CityU) was the first keynote speaker. He shared his view on Technology and
Innovation to us. It is nothing new and
existing many years he said. Then he told us the challenge today was not big
data but small data. If you analyzed big
data right, you can got the solution. He
shared he worked in Bell Lab. His boss asked him to point a line in one
point! All new product starts from one
point and innovation one starts with no point!
Finally, Prof. Way Kuo asked “Why
you need degree / MBA / EMBA?” He used
basketball as example that degree like your height. The talk you have, you are advantage but not
necessary condition for winning a game. It
needs effective integrated your skills together so as to win a game. Lastly, he said we didn’t be slave of
technology. Digital society is only a tool
and we need to use human intelligence to innovation.
The second keynote speaker was
Dr. Witman Hung (Principal Liaison Officer for Hong Kong, The Shenzhen Qianhai
Authority) and he shared that he got MBA in 1995 and worked in AT&T. He learnt IT that transferred Data to
Information and then made it intelligence.
Today it is more convenience using Google to get information. He said technology was good or bad, it didn’t
matter because it stayed here. Let’s
machine to do the low level job and digital society is an intelligence era.
The third keynote speaker was Mr.
Wilson Wong (Director of Advisory, Deloitte) and his topic was “Blockchain –
Benefits and Risks”. Firstly, he
discussed “savings on blockchains” in three points.
i)
The banking sector could achieve a 10% headcount reduction.
ii)
A 30% decrease in transaction monitoring with the use of blockchain
technology
iii)
The overall operational savings could amount to $2.5B.
After that Mr. Wong briefed the
risk management framework for blockchain with four levels that were Business
objective, Core processes/supporting functions, Risk consideration and
Operating model components.
Lastly, he mentioned four tiers
of talent need that were “Evolving Business Models”, “Shaping the Value-added Worker”,
“Adapting the Organization to the Technology” and “Adopting the Technology”. He concluded the digital supply network met
the future of work would be “customer and personal service knowledge,
communication skills, critical thinking skills, and the ability to listen are among
the most prized skills for the workforce.”
The fourth keynote speaker was
Mr. Barry Chan (Partner, Financial Services Sector Leader, IBM Global Business
Services) and his presentation named “Digital ReinventionTM – Get Ready
Now”. He shared the trend from Organization-centered economy to
Individual-centered economy and finally to Everyone-to-everyone economy
(E2E). He said specifically for banking,
E2E economy mandated building frictionless platforms requiring enterprise wide
reinvention.
Mr. Barry Chan said new
technologies created more transparent value chains and new types of ecosystems
emerged, displacing traditional industries.
Then he introduced the Digital Bank Model from community ecosystem to
partner ecosystem.
Finally, Mr. Chan concluded that
digitally reinvented enterprises were more than the sum of their parts but
enabled deeper, more compelling experiences.
Ultimately, it became an Orchestration ecosystem.
Mr. Herman Lam (CEO, Hong Kong
Cyberport Management Company Ltd.) asked all guest to stand up for releasing
before start his talk. He said one of
their unicorns “GoGoVan” had found a good mentor and investor.
Finally, he shared three
important things.
i)
Cloud computing and big data
ii)
Mobility (mobile technology, smart city)
iii)
People like sharing and “Do it yourself mentality” (culture shift).
Lastly, He encouraged MBA
students to equip themselves and became more and more entrepreneurs. (The incubatee in the poster in the 3rd
of right was CityU graduate!)
Dr. David Chung Wai-keung (Under
Secretary, Innovation and Technology Bureau, HKSARG) was the last keynote
speaker. In the beginning, Dr. David
Chung asked a question “Do you think innovation to be inborn or learnt?” It is the
million dollar question. That related the behavior and skill set. Then Dr. Chung said Innovation and Technology
is the key drive of our economy and HK is not alone. We needed to strength our capability in terms
of research and development (R&D) which not only in SME but also tradition
industry. Then he introduced different
policy in ITB to help innovation and technology development such as co-investment
funding, R&D funding for employing postdoc graduates and better living
funding for NGO, etc.
Group photos of keynote speakers
Group photo of keynote speakers
and community members
Reference:
CityU
College of Business - http://www.cb.cityu.edu.hk/
CityU
KTO - http://www.cityu.edu.hk/kto/
2018
CityU Digital Business Innovation Festival - Opening Ceremony - https://www.eventbrite.hk/e/2018-cityu-digital-business-innovation-festival-opening-ceremony-tickets-38722189110#
2018
CityU Digital Business Innovation Festival - https://www.cb.cityu.edu.hk/mba/DBIFest2018/contest/
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