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AI will bring human & machine to work closely together. Rather than just Automation, Augmentation is the real thing that we need to adapt to in this decade. Digital Colleague will be working with us perhaps managing and supervising us. In the professional world, that is no exception and excuse. Accounting and Finance industry is facing the same challenge. Digital Accountant is emerging & becomes a must for all in the industry.

We have delivered a CPD webinar today to ACCA members on the topic “The Most Wanted Accountant in the Digital Economy”. Hundreds of accounting & finance (F&A) professionals participated.  We have lots of respect to the learning attitude of our fellow ACCA’s members during the challenging period of the Coronavirus. We started the forum with 3 critical questions that every F&A professional needs to have serious thoughts in the Digital Economy.

  1. Will AI replace F&A professionals? How bad? How soon?
  2. Are there any new roles for F&A professionals? If yes, what are they?
  3. What & how should F&A professionals reskill themselves so they can continue to be relevant & capable of taking up the new roles in the Digital Economy?

Daniel Yuen shared his view on Citizen Data Scientist & why F&A professionals need to strengthen their Data Literacy.  Patrick Tsoi then demonstrated how Open Sources based big data tools can make a huge difference to visualize & manage Big Data from the traditional Excel and BI tools. Thanks to both.

Appreciate ACCA HK to lead the Digital Transformation for and bring in innovation to the Accounting & Finance industry in Hong Kong. I have been collaborating with the team since 20+ years ago. Two of the photos below were taken in the panels of two ACCA annual conferences 15 years in between. Amazing that both HSU President Simon Ho and I were in both panels. What a great memory. I hope I could continue to support it in the next 15 to 20 years. Thank you so much to ACCA.

Appreciate ACCA, Kornerstone Catherine Chan & OpenCertHub Andy Kwok to co-organize this webinar. Kornerstone provides Citizen Data Scientist training courses while OpenCertHub provides examinations to certify big data, AI & open-source talents.

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.

ACCA Hong Kong CFO Summit 2018 was successfully held today. This year’s main theme was AI and EI (Emotional Intelligence). We shared a lot on what AI can do but more importantly what people can do but AI cannot. Our human capability on managing EQ is one of the examples. ACCA published a great report on this. It also mentioned 7 quotients that we should have not only to improve our work but also differentiate us from AI. You may download the report here. http://fqrct.com/t/57d5db3 Thanks for ACCA inviting me to be a panel speaker there and organizing such a great conference including Jane Cheng Teddy Liu Natalie, Leo, Eunice, Venus Tang (鄧麗華) Morison Chan many more friends in ACCA.