How to Grow and Sustain the IT Professional Pool in China 

China is already seeing rapid job growth in the services sector and knowledge-intensive manufacturing, which both generally require higher skills. The booming industry will demand more workers.

McKinsey projected that Chinese employers will demand 142 million more high-skilled workers— those with university degrees or vocational training—or about 24 million more than the country will likely supply.

While companies could fill this high-skilled labour gap with less-skilled workers, this would result in productivity losses or poorer quality products and services. Other companies may leave roles unfilled,

delaying the decision to grow or expand.

If China does not bridge this gap by 2020, the opportunity cost could reach some $250 billion (about 2.3 per cent of GDP)—greater than the economic output of Hong Kong or Israel, according to McKinsey’s estimates.

Graph by: McKinsey

While companies could wait for preferable governmental policies, when needs are specific and urgent, it is in companies’ best interest to keep it within their own hands. How could companies create their own talent pipeline?

Tune in this week for W.Media’s Digital Week to find out more! Tomorrow, we are holding a panel discussion on “How to Grow and Sustain the IT Professional Pool in China 如何在中国发展和保持lT专业人才库”, featuring Jerry Yang CTO, Asia, DXC Technology and Sakshi Vidur, Head of Information Security – Asia Pacific Region, Yum! Brands Inc. This session is moderated by Dr Yale Li, Chairman, Cloud Security Alliance Greater China Region (CSA GCR).

Registration for Digital Week is free and we are adding content to our event platform each day, so sign up today to get the most out of your Digital Week experience!

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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How to prevent cyber threats in the Japan IT market?

Is your company ready to face tomorrow’s cyber risk?

With more advanced forms of cyber attacks, such as Advanced Persistent Threat (APT) on the rise in recent years, companies need to enhance their digital fortress to tackle the increasingly sophisticated threats factors.

However, Japan is laggard by the global standard in assessing cyber threats at any given moment. “The government’s situational awareness on threats that are unfolding now or about to happen in the future is so low that the decision-making on the necessary budget, human resources and overall institutional design is not in sync with reality,” an expert said in an interview with The Japan Times.

According to the same report, Japan does not have a legalised cybersecurity scheme, similar to the U.S. Cybersecurity & Infrastructure Security Agency. Many people may point to the Cabinet Secretariat’s National Center of Incident Readiness and Strategy for Cybersecurity (NISC), but it has only five missions, all of which are aimed at improving the cybersecurity of government agencies. Worse, protecting its own citizens is not listed in NISC’s mission, unlike those agencies in other countries. What Japan lacks is the will to address cybersecurity.

What should the companies do? Accenture highlights key measures for success in cyber resilience: stop more attacks, find and fix breaches faster, and reduce breach impact. They also identify the leaders and laggards in cyber resilience, concluding that leaders prioritize moving fast, choose turbocharging technologies, scale more. More importantly, they also train their staff more and collaborate more to increase the value of innovative technology.

However, how does the digital defence fortress in IT markets? With the emergence of cloud computing, how could businesses be better equipped so that they are ready to secure their networks from attackers? What characterizes an efficient IT security strategy?

To answer these questions, we turn to the experts. Tune in this week for W.Media’s panel discussion on “How to prevent cyber threats in the Japan IT market?”: Challenges & Solutions on April 21. We will hear from Dr Eiji Sasahara, Executive Director of CSA Japan Chapter and Takayuki Sugiura, Founder, Representative Director, Japan Hackers Association. The session will be moderated by, Leonard Ong, Region Information Security Officer, APAC, GE Healthcare Speakers.

Registration for Digital Week is free and we are adding content to our event platform each day, so sign up today to get the most out of your Digital Week experience.

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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Digital Week Northeast Asia 2021 outlines region’s trends

Digital Week Northeast Asia 2021, W.Media’s second installment of their virtual Cloud & Datacenter conferences, kicked off yesterday with an overview of the region’s digital trends.

Delivering the opening address was a joint team from Cushman & Wakefield, Kevin Imboden, Director of Research and Summer Chen, Associate Director of, Cushman & Wakefield Greater China., They were able to give the audience a detailed overview on the digital infrastructure landscape post COVID-19 and the factors changing the dynamics of the commercial real estate market.

This was followed by a panel discussion on “Next-gen Technologies: Artificial Intelligence, 5G and IoT”, moderated by Anand Prasad, Founder & CEO, wenovator LLC. Francois Chabaudie, CEO, NEOMA; Executive Advisor Gaurav Patni, and JR Reagan, CEO/President, IdeaXplorer Global. The panel discussed Korea’s untact economy, how to use AI to supercharge the power of an organisation’s analytics, and the proliferation of 5G across the Northeast Region.

The morning session finsihed off with a keynote by Onion Technology’s CEO, Chango Cho, “Future pProofing Hyperscale Data Centre Ooperation through Data Centre Control Systems”. He specifically addressed three variables: scale, speed and security. “Software needs to be purpose-built for various aspects of data centres and needs to integrate with Building Management Systems, Electrical Power Management Systems, amongst others,” said Chang.

Onion covers 80 percent of market share of large enterprise data centres in South Korea. Cho detailed the different ways software for racks monitoring, energy and environment monitoring is improving the ways companies monitor various their data centers in real time. 

In the afternoon, the Digital Week: Korea session began with an opening address by Joon Hwa Song, Chief Research Officer, Korea Data Center Association. The first panel of the afternoon was on the topic “Digitalisation at the C-Suite Level: Optimising Company Culture for a Digital Future”, which included Jae Lee, VP of Engineering at, Quincus, and Josh Hwang, Vice President at Rescale. The panel was moderated by David Yang, Executive Director, Korea Scoring.

The discussions centred around how companies can go about digitalisation in the backdrop of the pandemic. Concepts such as “Fail Forward” which included the ability to try out a business/technology strategy without worrying about future failure were discussed. Also, this concept needs to be aligned with the objectives of the C-Suite without which it would lead to more complications, the panellists said.

Sustainability

The conference finally turned to the all-important topic of sustainability. Ian Bitterlin, Consulting Engineer & formerly Visiting Professor, University of Leeds presented to the audience “Datacenters: Buying Your Way to Sustainability”. Bitterlin pointed out that consumption of electricity by data centres is on the rise. “Already 15 per cent of the electricity in Singapore’s national grid is being used to power data centres, and that will double by the end of this decade,” he said. Bitterlin lastly touched upon how renewable energy and conventional thermal power needs to be mixed, to fulfil the power requirements of data centres.

This keynote was followed by one on the topic of Cybersecurity, led by Chanwoo (Richard) Lee, Information Security Engineer for, Coupang. [Organisations] should keep in mind the possible threats big or small. It is a two way strategy. It involves prevention of cyber attack and identification of the problem as well as how critical is the problem,” he said. Then Jungsoo Kim of AWS joined the session, granting some insight into how organisations like Amazon are leveraging Korea’s rapid digital transformation to drive business growth.

To close out the first day of Digital Week, we heard from Professor Tumennast Erdenebold of Woosong University on “The Future of Blockchain and Cloud Computing in Korea”. This expansive address covered the latest trends in fintech and crypto: from digital wallets to NFTs. 

Miss out on Digital Week Day 1? Not to worry–all the sessions are now available to stream on our conference platform. You can tune in on Wednesday, 21st April to hear the Hong Kong and Japan Sessions live, as well as the Mainland China and Taiwan sessions on Thursday, 22nd April, the final day of the Digital Week: Northeast Asia Conference.

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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Business value a key factor for tech adoption: Lan Kwai Fong Group

Over the last three decades, Lan Kwai Fong Group has established itself as a household name in Asia.

With extensive brands, properties and investments, the group is highly regarded as the foremost entertainment, hospitality and lifestyle brand in the region. A market leader in a host of different fields as varied as F&B, retail, leisure and entertainment, the COVID-19 pandemic came as a jolt- especially considering the fact that the Group is in an industry which involves a human touch. At the same time, businesses have to evolve and accordingly Lan Kwai Fong Group embraced digitalisation.

Key learnings

So, what challenges did the Group face? Did it have to spend a lot in the digitalisation journey? How complex was the process?

Addressing 1,000 plus delegates at W.Media’s Digital Week Northeast Asia edition, Vincent Alliaga, Director of Technology, Lan Kwai Fong Group outlined that it embarked on its digital journey with caution and pragmatism.

“We took a pragmatic approach and the predominant focus was the business value that it (technology) brings,” said Alliaga. For starters, the Group decided that many expensive solutions have zero impact on the business. It is impossible to find a solution that works with everything. So, we looked at tech that can easlily connect to existing systems, stated Alliaga.

He gave the example of Lan Kwai Fong Group’s CRM system. “Some databases are old – like in the F&B industry. Others such as CRM in the property industry is fairly advanced. We look at solutions that work well with each other.”

Some of Lan Kwai Fong Group’s restaurant systems were not touched for the past decade, and these are working well with its newer systems. “Changes are good but changes fr the sake of doing it, is not advisable. At the end of the day, CTOs can think of the perfect system but it has to gel with the business requirements,” pointed out Alliaga.

 

 

Lan Kwai Fong Group also decided to transform some of its systems. As an example, in August last year, in the midst of pandemic, it moved to an e-commerce model, without making large investments. It was architected in such a way that the investments and return on investments were in tune with each other.

Also, Lan Kwai Fong Group’s property development business has different flavours across different geograpahies. Also, customer experience was a key focus area, considering that it is a services industry.

Alliaga explains. “In Hong Kong, property development is done in a traditional way. Last year we had to sell remotely to buyers in Hong Kong, China. We adopted Virtual Reality (VR) and virtual visits. We ensured that it is tied to a business value and not just doing VR for the sake of VR. I can say it has helped our sales people.”

Industries that have faced biggest challenges include hospitality and in these tough times changing the culture of a business set in its ways, is often a challenge. “It is hard to tell them that you need the screen to interface with the people but ultimately it is about understanding the customer better. In the property industry it is slightly better,” summed up Alliaga.

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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Japan and Korea: Countries to watch for the next-gen technology

When one talks about the new era powered by artificial intelligence (AI), 5G and the Internet of Things (IoT), Japan and Korea are often heralded as the centres of innovation that would give birth to products that change the world.

Korea and Japan are both global leaders in terms of the proportion of GDP on Research and Development (R&D). The former spent $95.4 billion on R&D in 2018, according to statistics from Nature

Source: Nature

Their commitment to R&D, especially those on information and communication technology (ICT), continues with even greater force in 2021. 

According to reports from The Korea Herald, South Korea said in Jan 2021 that it would spend 5.8 trillion won (US$5.3 billion) on science and ICT research this year as the country fosters new tech industries under its digital New Deal drive and targets going carbon neutral. 

The earmarked amount is a 12 per cent rise from 2020 and focuses on basic scientific research as well as new technologies, such as AI and 6G wireless networks.

In particular, Japan and South Korea will lead the development of 5G technology, with both markets responsible for 43% of global 5G connections in 2019, according to a study by Juniper Research.

The same study showed that global 5G connections will grow to 1.5 billion by 2025, with initial growth mostly driven by fixed wireless access to replace or complement current broadband connectivity.

Starting tomorrow, W.Media is turning its sights to Northeast Asia for the second Digital Week virtual conference, with special sessions dedicated to the Korean and Japanese markets.

With strong governmental support, Korea and Japan’s next-gen technological advancement should be on every tech professional’s watch. What does it mean for data centre professionals and digital transformation evangelists? How might it shape the IT professionals’ business strategies and what are the potential threats? Tune in next tomorrow for W.Media’s panel discussion on Next-Gen Technologies: Artificial Intelligence, 5G, IoT on April 20, and additional conversations on the Japan marketing on 21 April.

Registration for Digital Week is free and we are adding content to our event platform each day, so sign up today to get the most out of your Digital Week experience!

JOIN W.MEDIA AT DIGITAL WEEK

KR | CH | JP | TW | HK

When: 20-22 April 2021

Where: Online

Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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Hyundai Oilbank and Air Products sign MoU for hydrogen power

South Korean refiner Hyundai Oilbank will work with Air Products & Chemicals Ltd., the world’s leading hydrogen supplier, to develop hydrogen technology and business models.

Hyundai Oilbank and Air Products signed a memorandum of understanding for cooperation in producing hydrogen and its applications in various areas.

The major refiner said it will adopt Air Products’ technology to produce hydrogen using natural gas and crude byproducts for use in vehicles and power generation. Air Products, based in Philadelphia, is the world’s leading supplier of hydrogen and hydrogen mobility solutions with over 60 years of experience.

Hyundai Oilbank said it plans to produce 10,000 tons of “blue” hydrogen by 2025 and develop a business model for “green” hydrogen in collaboration with Air Products to switch to the less carbon-intensive business model. Further Hyundai Oilbank aims to reduce the ratio of its refinery business from the current 85 percent of the total to 50 per cent by 2030 to reduce its carbon emissions and diversify its energy mix.

Hydrogen option for clean energy

Hydrogen has emerged as an important part of the clean energy mix needed to ensure a sustainable future. It can also help improve air quality and strengthen energy security.

Falling costs for hydrogen produced with renewable energy, combined with the urgency of cutting greenhouse-gas emissions, has given clean hydrogen unprecedented political and business momentum, according to a report by International Renewable Energy Agency (IRENA).

In February this year, Atos and HDF Energy announced their plan to develop a complete end-to-end long-term solution to supply data centres with green hydrogen generated by renewable energy. The new solution by Atos and HDF will be the first available on the market for data centres with heavy power consuming workloads, company officials said. HDF Energy is an Independent Power Producer (IPP) focussing on utility-scale clean power generation.

Currently, there are three ways to make hydrogen. Grey hydrogen is produced when the element is stripped out of fossil fuels, while blue hydrogen is produced from natural gas and produces less CO2.

Green hydrogen is the cleanest variety as it uses renewable energy to produce hydrogen from water, according to industry watchers.

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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Post Hong Kong listing, Trip.com Group lines up expansion plans

Following its listing on the Hong Kong Stock Exchange, Trip.com Group plans to invest in technology expand its one-stop travel offerings and improve user experience.

Trip.com Group is a one-stop travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar.

At its listing in the HK Stock Exchange, Trip.com Group said that plans to use the net proceeds from this listing to fund the expansion of its one-stop travel offerings and improve user experience, invest in technology to bolster its leading market position in products and services and improve its operating efficiency, and for general corporate purposes and working capital needs.

From the onset of the global pandemic Trip.com Group has played an active role in supporting travellers and partners around the world. In June 2020, the travel group launched its Travel On initiative to provide vital support to partners and rollout a series of tailored travel products and services to enable and inspire travel, the company said.

Trip.com Group’s efforts to kick-start the safe return of global travel include introducing the Safe Travels protocol with the World Travel & Tourism Council, the launch of the company’s COVID-19 International Traveller’s Guide, and its recent announcement on joining forces with the Common Project Foundation and World Economic Forum to co-develop initiatives that enable safer cross-border travel, it added.

Trip.com Group recently unveiled its plans to boost its content ecosystem and partner marketing capabilities with the launch of its new travel marketing strategy designed to allow suppliers to expand and enhance their marketing activities on (Trip.com) Group platforms. This latest move coincides with the travel group’s commitment to building a one-stop travel platform, integrating differentiated travel content, driving huge traffic volume and providing comprehensive travel products to meet the evolving needs of the post-pandemic traveller and further support partners.

The Group is now dual listed on Hong Kong Stock Exchange and the NASDAQ stock exchange in the US (under TCOM), the first global travel group to do so.

A 22-year journey

James Liang, co-founder and chairman of the board, in his speech at the Hong Kong Stock Exchange listing ceremony said, “22 years ago, we began in a 40m2 office with only a handful of employees. Today, we have tens of thousands of employees worldwide. It is my honour to have our representative users strike the gong and open trading on this momentous occasion. I want to thank every single customer, partner, sponsor and traveller who has supported us throughout our 22 year journey.”

In the 22 years from 1999 to 2021, Trip.com Group has grown from 784 registered users on a single platform at its inception to now owning and operating a range of leading travel services platforms with hundreds of millions of users worldwide. In the past 22 years, Trip.com Group has been at the forefront of the development of China’s Internet, travel and service industries, expanding its global presence over the last two decades to become one of the world’s leading travel service providers.

The digitalisation drive is a key area that businesses in the hospitality sector are focussing on. The use of data insights will future prove firms as they navigate the ever-changing market of the hospitality industry.

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
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More Chinese planning forays into semiconductor manufacturing

More Chinese companies from different sectors are speeding up efforts to enter the semiconductors sector.

According to a Global Times report, companies from sectors such as automobiles, smartphone manufacturers and home appliance producers, are getting into semiconductors, at a time when the workd is facing a shortage of chips.

As the development of China’s terminal devices – including smartphones and cars – is experiencing a fast growth period, China is becoming the biggest chip consumer, and the growing market demand has lured many companies into making semiconductors, Global Times said.

“Chinese companies learned a lesson after Chinese telecom firms ZTE and Huawei were sanctioned by the US – that is they need to resolve the foreign stranglehold on chip-making technology. As they are rushing into this sector, China’s semiconductors industry is likely to see a strong boost in three years,” Xiang Ligang, director-general of the Beijing-based Information Consumption Alliance, told the Global Times.

Earlier this week, Chinese local media reported that the 7-nanometer chips developed by tech giant Baidu-backed automotive intelligence technology company ECARX will soon enter mass production. Further, TCL, a top Chinese television maker, has registered a new subsidiary that will focus on businesses including chip design and new material development, according to media reports.

“Now, with the huge market demand, many Chinese tech companies that have done well in manufacturing electronic terminal products and have accumulated rich reserves of talent and capital, have the motivation to enter businesses in the upper stream of the industry chain,” Xiang said.

Xiang believes that China’s semiconductors sector is on the cusp of robust growth as a number of companies and vast amounts of capital have been invested into chips design and manufacturing.

“I expect that within three years, Chinese companies’ ability in the semiconductor sector – from designing to manufacturing – will see a marked improvement,” Xiang said.

Add to China, Japan has sought help from some Taiwanese semiconductor manufacturers, after a fire had hit one of the chip plants, according to a Reuters report.

Industry minister Hiroshi Kajiyama said: “We are in communication with several manufacturing equipment makers (in Taiwan) to speed up procurement.” Earlier this month, A Renesas Electonic Corp-owned Naka chip plant in northeast Japan was hit by fire earlier this month due to a power surge in one of the machines.

 

 

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When: 20-22 April 2021

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Digital Week is returning to do a deep dive into the Cloud & Datacenter industries of FIVE new markets: Korea, Mainland China, Japan, Hong Kong, and Taiwan. Join us as we bring together 2500+ IT leaders from across Northeast Asia, covering everything from sustainable infrastructure to cloud security to digital transformation. Digital Week lets you expand your network and engage with new markets from wherever you are.
Want to learn more about these exciting developments in data and IT? Start connecting with peers and access exclusive pre-show content when you Register Today for Free!