New Business Models and Strategies under Big Data Environments: The Challenges of Financial Institutions

Date February 22, 2017 (Wednesday)
Time 1200pm - 1345pm (light lunch will be served before 1230pm)
Venue EY Hong Kong Office, 22/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong [ Map ]

In the information age, companies are all urging for Digital Transformation through utilizing digital technologies, such as Internet of Things, Social, Mobile, Analytics, and Cloud (SMAC). These technologies innovate new business models, develop new products and services, and connect consumer channels with markets electronically.  With these technologies, enterprises can transform themselves into digital businesses and overturn the traditional industries and stand out from the others through cross-industry competition.  The seminar will cover:

  • Sharing Economy: Sharing and utilizing idle resources to create values and satisfy others’ needs
  • Fragmented Market:  Use of analytics modelling to address the long-tail needs
  • Outcome Economy:  From “Product Oriented” to “Outcome Oriented”
  • Platform Strategy: Providing interactive platforms for targeted stakeholders, fulfilling all their needs and earning profit from within.

Cases from financial services industry will be discussed.

Host Prof. Leon Zhao, Chair Professor of Information Systems and Director of Center on Global Internet Finance, City University of Hong Kong

Dr. Lawrence Chi-Wing Wong
Managing Partner at GCE Consulting & Big Data Elite Asia

Dr. Lawrence Wong is a Data Scientist and fellow CPA with 30 years’ experience in leading consulting firms, including Accenture, Deloitte, KPMG and listed conglomerates, namely Hutchison and PCCW.   He has substantial practical experiences in information technology and finance, customer relationship management, human resources, sales & marketing, supply chain management.  Currently, Dr. Wong is a managing partner of GCE Consulting & Big Data Elite Asia, focusing to provide advisory and training services to enterprises on Strategy, Management, Big Data, Digital Transformation and Financial Technology.  Dr. Wong was the Managing Director of Accenture Consulting in Greater China, successfully establishing, training up and managing a team of management consulting professionals and data scientists.  He is a DBA graduate of CityU, together with his Master degree in e-Commerce and Bachelor degree in Statistics.