#CPAAustralia has released their annual survey “CPA Australia Asia-Pacific Small Business Survey 2020-2021”. It covers 11 economies in the APAC including Hong Kong.
Thanks for Janssen Chan FCPA (Aust.) & my #CUHKMBA student Carmen Pan to invite Ryan Fung from #PAOB & I to join a forum to discuss about technology adoption & applications in HK based on the survey. Close to 500 participants joined the online forum.
Hong Kong SMEs are behind some Asia’s economy in terms of #eCommerce, #SocialMedia and #Innovation. However, those in HK who used #technology in their business & operation have seen significant growth even under the #Covid19.
Apart on leveraging government funding & support on #SME #Digitalization, SME management should not be afraid of technology & think it is a big investment. In today’s digital world, tools are easier to use & learn and it is affordable. More importantly, it is a mindset change & how we adopt changes.
Technology is a new way to solve customer pain points. Knowing & keeping update on what’s available opening up different ways to solve these problems. Good use of technologies can in fact empower SMEs to beat the big guys with rich supply of traditional asset as proven by the #unicorn.
#CPA Australia survey here
#BillGates said, “Banking is necessary, banks are not”. Have we thought about “Accounting is necessary, accountants are not”?
#Accounting, #Auditing and #Finance professionals are used to have a peace of mind in earning secured income and having great prosperity. However, another #NewNORMAL has come to them in this decade and they have to respond well to keep flourishing for their career.
While these professions are still very important to us, many of them are in high risks of losing their jobs to #AI and #BigData in this decade.
According to PWC, 30% of our current jobs will be automated by AI by 2030. Accounting and Finance is ranked as the top tier of the list. How should the professionals and students in the profession prepare themselves for this tsunami? The answer is #DataLiteracy.
On behalf of #OpenCertHub, I will share our view on this hot topic together with #EY and #Kornerstone in Shanghai on Jan 14, 2021. Thanks to the support from Hong Kong Institute of Certified Public Accountants. If you are interested, just scan the QR code below or contact #HKiCPA #HongKong or #Shanghai for more information.
#Accountant #Auditor #Finance #Accounting #CPA #AI #BigData #OpenSource #Reskill #Upskill #Talent Catherine Chan Catherine Leung
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.