Latest news with #RobertWang
South China Morning Post
27-05-2025
- Business
- South China Morning Post
Key Takeaways from the AWS Summit Hong Kong 2025: Technology that Shaped the Decade
[The content of this article has been produced by our advertising partner.] A decade is no short feat, more so in the tech industry at a time when the next best artificial intelligence (AI) model is released every two weeks. Celebrating its 10 anniversary in the fragrant harbour, the Amazon Web Services (AWS) Summit Hong Kong did what it did best, bringing together 4,000+ executive leaders from all sectors, technology innovators and start-up accelerators for an electrifying showcase of cloud innovation on May 8, 2025. From success stories and live demos to hands-on workshops and training booths, over 80 interactive sessions were hosted throughout the day. Shining the light on big tech that has transformed the world over the past decade, while showcasing cutting-edge innovations that are bound to shape the rest of the 2020s, the activities were curated to help IT novices achieve certification and inspire decision makers to rethink their businesses. The flagship AWS Summit Hong Kong provided an extensive platform to explore topics such as sustainability, collaboration and security amidst an evolving landscape in the tech industry. From Innovation to Collaboration: Celebrating Another Milestone in Hong Kong While technology is deeply rooted in each and every one of AWS's solutions, what the premier cloud computing platform does exceeds fancy high-tech jargon. This is evident in the opening remarks delivered by Robert Wang, Managing Director of AWS Hong Kong & Taiwan, announcing yet another milestone reached within the ten-year period - the establishment of the AWS-Cyberport Joint Innovation Center (JIC) in Hong Kong. Inviting Ir Tony Wong, JP, the Commissioner for Digital Policy, and Simon Chan, Chairman of Hong Kong Cyberport to take the stage, the three-year partnership not only signifies industry-wide support for cross-sector cooperation, but more importantly, active government endorsement in technology development. Presenting a major step forward in the city's innovation journey, the JIC would focus on four strategic areas: accelerating startup development, driving AI commercialisation, advancing FinTech innovation, and cultivating IT talent. The JIC joins AWS's global network of over ten similar innovation programs worldwide, including those in Singapore, India, and Taiwan. With the aim to connect Hong Kong's vibrant start-up ecosystem with AWS's global community, the collaborative platform creates substantial pathways for local businesses to scale in overseas markets. With the delightful news opening the summit on a high note, guests were reminded of just how far AWS has come in the region, as it continues to construct the future of digital transformation across Asia.
South China Morning Post
31-03-2025
- Business
- South China Morning Post
Thinking Fast and Slow: the GenAI Conundrum for Financial Services
[The content of this article has been produced by our advertising partner.] Advertisement The financial services sector has not been shy to put money into GenAI, since a white paper by the World Economic Forum and Accenture revealed that spending is projected to reach US$97 billion by 2027. While the industry remains cautious due to strict regulatory framework and compliance requirements, the momentum is unmistakable as it is now evident that AI can play a fundamental role in navigating more complex use cases. McKinsey's 2025 State of AI report indicated that 21% of financial services institutions have adopted the transformative technology in risk, legal and compliance functions, in comparison to the industry average of 11%. The general optimism reported towards GenAI, combined with recent developments of DeepSeek, served as the perfect timing and conversation starter for the Amazon Web Services (AWS) for Financial Services Executive Forum and Luncheon. Behind closed doors on March 20, 2025, industry heavyweights and policy regulators came together to discuss the hottest industry topics. With the theme being 'Leave Your Legacy • Redefine Your Future', the full-day event explored the transformative potential of technology through a series of keynote speeches, panel discussions and interactive demos. GenAI, data innovation and analytics, security and resilience, as well as customer experience enhancement were all on the agenda, shining a light on best practices and guidelines. Addressing the Past: Charting a Roadmap for AI Breakthroughs Robert Wang, Managing Director of AWS Hong Kong and Taiwan, opened the forum by tracing the evolution and adoption of GenAI in financial services, calling attention to distinct milestones that brought the technology to where it is today. 2023 no doubt marked the start of GenAI's explosive growth, but even until recently, businesses had mainly made use of applications centred around improving productivity and cost, wary of risking intellectual property and consumer trust. Advertisement This progression mirrors the industry's relationship with cloud technology, which was also met with initial hesitation a decade ago due to security and scalability reasons. It wasn't until after years of cautious experimentation that businesses embraced and integrated cloud infrastructure into operations. Having experienced the benefits of connectivity, Wang is positive businesses will be quicker on the uptake of AI, and that 2025 will be 'the year of reaction'. By choosing to focus on practical applications and use cases rather than far-fetched theoretical possibilities, Wang's remarks set the tone for the day filled with immersive insights and networking opportunities.
