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In today’s #DigitalEconomy, executives & professionals have a sense of urgency to master “The Power Duo of AI & Big Data”. In the last 2 days, I delivered an executive class on this. I am so grateful to have a class of highly-engaged students across industries. We had fruitful discussion on the opportunities & challenges of #AI & #BigData. Thanks to my fellow students.

My career journey has been highly related to data from my 1st job in #SiliconValley #Informix #RDBMS to later #BI#DW #BigData & #AI. My key takeaway from this journey is not just technology but also how to make use of data to create value for our customers & capture value for our companies.

The students learned about applications & technologies of AI, #MachineLearning & Big Data through cases #Airbnb#StitchFix #Lemonade #SquirrelAI #Linkedin #Uber #MasterCard.

Big thanks to Jade Tin Hei Lee from #ChowTaiFook and Calvin Cheng, CFA from #Wizpresso to share their experience with our students from a traditional company and a startup perspective respectively.

The Power Duo of AI & Big Data is a module of #CUHK #Digital #Leadership Series Program. #Platform #Strategy is another module. We launched it a few weeks ago as well.
https://lnkd.in/gDWxx4X

#Platform is the KING. The world’s leading companies are running Platform business. SMEs are being replaced by large & small platforms from #startups. How can we compete in #DigitalEconomy?

Why are platforms so powerful? Can we or should we be a platform? How to build, cultivate, operate, govern & sustain a platform profitably? What are capabilities, culture & tech needed? More importantly, what is the best-kept secret of a winning platform?

To master all these, please don’t miss my class “Platform Revolution & Breakthrough” at #CUHK Biz School Asia-Pacific Institute of Biz on Oct 14-15, 2020.

I have talked about Platform in my #EMBA #MBA #Tech #Innovation #Entrepreneurship classes & seminars plus in my new book #數碼力大提升 (Boost up Your Digital Power) https://lnkd.in/g4_RWBE. I will explore deeper in this course with #international & #local cases.

#Corporate #SME #Startup leaders & executives are keen on the course & have already enrolled it. Good news is that the course is eligible for the govt #RTTP scheme & the participants may get #subsidy from the scheme but have to enrol the course quick (2 weeks b4 the class starts) to be qualified.

Overview:
https://lnkd.in/gmzAZBJ

Course brochure:
https://lnkd.in/gjV2pkG

Enroll here:
https://lnkd.in/gFiBt26

Digital Leadership Training Series:
Competing in the Digital Economy: Platform Revolution & Breakthrough Training Programme

 

數字領導力培訓系列:
數碼經濟的核心策略:平台革新與突破」課程

 

What is a platform?  

What do these top companies like Alibaba, Amazon, Apple, Facebook, Google, Netflix, Tencent and Ctrip have in common? Apart from being the world’s highest valuated businesses, they are the world’s most influential platforms.

Defining platforms

Source: https://www.launchworks.co/platform-strategy-illustrated/

By operating as open ecosystems, companies match suppliers of products, services, or content to consumers, and gain enormous value and market share.  These companies, known as multilateral platforms, act as intermediaries, connecting service providers and users to serve users of different needs.

Industrialists, Bankers, Retailers & Entrepreneurs joined hands to share how to deal with and bounce back from the Coronavirus / Covid19. I joined 2 online forums as panel speakers today with the same theme i.e. how to bound back from the downturn due to the Pandemic. The 1st one focused on retailers while the 2nd one was on industrialists, startups & entrepreneurs.

I had a fruitful discussion with Chow Tai Fook’s Kent Wong & Quentin Wong and HKMA’s Dr. Victor Lee on the impact of AI, Platform, Gamification and more on the retail industry.  I also learned a lot from YaTa’s Susanna Wong, Fortress’ Clarice Au, and HKRMA’s Mary Suen.  Susanna made a great point. She said, “2 things that we must invest”.  1st is engagement with colleagues & 2nd is technology.  These investments were well justified & paid off as it helped them overcome this challenging period. The 3 leaders also shared about the unprecedented challenges on Logistics, Agility, Staff Skills, Customer Expectation & how to deal with them.  Excellent sharing.

I also had an insightful exchange with FHKI’s Dr. Daniel Yip, Startup Council’s Jason Chiu & Bryant Chan, and HSBC’s Daniel Chan on opportunities & challenges for startups & opportunities in HK, GBA, SEA & Reindustrialization. Stay tuned for the upcoming DemoFest.

Most of us have been using and engaging with these companies like Alibaba, Amazon, Apple, Facebook, Google, Netflix, Tencent, and Ctrip. What do they have in common? They are not only the world’s highest valuated businesses but also the world’s most influential platforms. The next generation of Fortune500 companies in the decade of 2020 will be mostly platform-based businesses such as Airbnb, Grab, Robinhood, Spotify, and more.

What is platform? More importantly, what kind of magic do they have to make them so powerful? Platforms, a near-monopolistic business model, are quietly taking over the global economy. These platforms make much of their money not by what they sell but by facilitating the interactions or transactions of others. Traditional product, manufacturers,  brands, and intermediaries (or “the middleman”) incumbents in all major industries are being seriously disrupted by these platforms.

I am going to explore why every one of the businesses has to have the right platform strategy in order to able to compete and even survive in the DigitalEconomy, and how we can formulate a suitable and feasible platform strategy for our businesses even we are a product company now. Stay tuned on April 29.