The Hong
Kong Institution of Engineers (HKIE) organized the Forum named “HKIE Forum on Hong Kong Innovation and
Technology Development”
on 30th Jan 2018. The forum aimed to keep our
members updated of the Administration’s policy on the development of innovation
and technology in Hong Kong and to have a better understanding of how the Hong
Kong engineering professionals can get involved in the development. Before the seminar, I took a photo with HKIE
President and Vice President, as well as, my friends for memory.
(Left: I, Ir. Dr. Samuel Fung (EngD), Ir. Thomas KC
Chan (President), Ir. Dr. Yuen Pak Leung (Vice President), and Ir. Prof. Philip
Chan (Stanford/CAG Postdoc Advisor))
In the beginning,
Ir. Thomas KC Chan (President, HKIE) gave a welcome speech and introduced the
background of guest speaker to us.
Dr.
David Chung (Under Secretary for Innovation and Technology, ITB) was the guest
speaker and his topic was “Hong Kong Innovation and Technology Development”. Firstly, David briefed the 4th
Industrial Revolution that disrupted every business, government and people in
every country.
Then he briefed many innovation drivers for Industry 4.0 including Advanced Robots, Additive Manufacturing, Horizontal/Vertical Integration, AR, Cloud Computing and Cyber Security, Simulation, Industrial Internet, Big Data and Analytics, etc. And then he compared the economy on largest listed companies from 2006 and 2016. It was found that the old grants were Exxon Mobil, GE, Microsoft and Citigroup in 2006. However, only Microsoft ranked in to top 3 in 2016. Most new grants were innovative companies including Apple, Alphabet, Amazon, Facebook, etc.
After
that Dr. David Chung introduced top companies investing in AI by different
industries including Software & IT, Financial Services, Manufacturing,
Automotive, Healthcare, Telecommunications, Retail, Semiconductors, internet,
etc. He said AI and IoT were two
significant technologies which could enhance the core competitiveness.
For
future of industries, David quoted PWC article “The future of Industries:
Bringing down the walls” that included “Automotive to Smart Mobility”, “Wearable
technology to Healthcare and Pharma R&D”, “Smart home and Smart City
Infrastructure” and “Product manufacturing to value-add services and industrial
internal platforms”. He used GE as
example to explain that GE built a platform collected all users and suppliers
to provide total solution. David also alerted
us about the truth about the Internet. He
then mentioned the manufacturing revolution (See the following diagram). Based on global manufacturing ranking, the
sequence was predicted as USA, China, Germany and Japan in 2020. USA was number because they owned huge IP
right. Germany manufacturing industries
would share IP and co-invest on IP (also Japan).
After
overview the innovation and technology worldwide, Dr. David Chung discussed
about Hong Kong Economic Transformation from “Manufacturing Hub” to “De-Industrialization”
and then to “Service Economic”. In near
future, we needed “Re-Industrialization”.
“What’s
the Re-Industrialization?” many people would question. David quoted Jay Lee & LW Scott’s Concept
of “re-industrialization”. He said
Existing Knowledge and Know Value like six sigma and lean in region 1. We would like to enable the path in the
region 2 “Discovery of new knowledge” such as new business model; and the path
in the region 3 “Innovation and Technology Development” so as to enhance the
region 4 “Creation of new standard, platform and value”. Then David shared Apple’s value-added
strategy as example that Apple created a platform controlled the upstream and
downstream.
Finally,
Dr. David Chung suggested the road to re-industrialization as follows:
-
Reverse the “de-industrialization” trend; high value jobs and services
at risk
-
Free up and release human capitals for higher value added tasks
-
Upgrade existing industries using I&T
-
Create new advanced manufacturing industries, to achieve 3-5% GDP
ITB had
four focus sectors and they were Healthy Ageing/Biotech, AI and Robotics, Smart
City and Fintech. 
Lastly,
David briefed the Innovation and Technology related session in 2017 Policy
Address. He mentioned the first two
items benefit for SME using 2 level tax systems and created more R&D jobs
for young technology talent such as PhD.
At the end, David said government decided to give land resource “Lok Ma
Chau’s loop” for Innovation and Technology development and they would try to
attract world class companies into the region like Facebook, Google, Microsoft,
etc.
Q&A
Session
Ir. Dr.
Samuel Fung asked how government supported agricultural industries such as fish
and vegetable symbiosis system using AI.
David said it could be included as Food Innovation. Then I asked if any specific policy for
startups such as Startupindia and SPRING Singapore. David replied that they had provided
different support included finance.
However, the problem was how to scale up startups and do number of
startup reached critical mass. HKEx was
looking at Startup and their IPO. 
Finally,
a HKIE member asked about AI. David
suggested everyone learnt some program and AI.
Actually, Hong Kong had a lot of AI expert.
At the
end, Ir. Thomas KC Chan (President, HKIE) and Ir. Dr. Yuen Pak Leung (Vice
President, HKIE) took a photo with Dr. David Chung.
CityU
EngD (EM) cohort had taken a photo with Ir. Thomas KC Chan (President, HKIE)
for memory. Ir. Dr. Yuen Pak Leung and
Dr. David Chung were also cohorts of CityU EngD (EM).
Reference:
HKIE – http://www.hkie.org.hk/en/
CityU
EngD (EM) - http://www.cityu.edu.hk/seem/prg-engd.htm
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