Michael Leung, SVP and CIO, China Construction Bank Asia talks to CWHK on being one of the top five winners of the 2012 China Best Value CIO Awards which were organized by China-based CIO network IT Value.
CWHK: Detail the key achievements that led to this award
Michael Leung: I believe Hong Kong CIOs have in the past been named as top 50 winners in the Best Value CIO Awards program in China -- namely Sunny Lee and Joe Locandro. And with Susanna Shen of Towngas, we were very lucky to be selected as two of this year's 50 winners.
But an even bigger surprise for me was to receive the "Best Innovation Award", one of the top five overall award winners, which I understand is the first time a Hong Kong CIO has been selected in the top five. We nominated our recent data warehouse and information management project as an example of our technology innovation and achievements here at China Construction Bank (Asia).
CWHK: Describe the overall scope and aims of this project
ML: The two-year long Data Warehouse/ Executive Information System (EIS) project involved consolidating all the group's data sets into a single centralized data warehouse platform, on top of which various business query and reporting functions could be built. These included finance, risk, decision sciences and many other business functions that require significant data mining and analytics.
The building of EIS and Business Intelligence (BI) functions on top of this data warehouse platform enabled the bank to do some significant optimization and improvement in performance of the key business drivers.
CWHK: What was unique and innovative about this initiative?
ML: Business intelligence or knowledge derived from this new platform is now being leveraged not only in typical applications such as finance, risk and marketing, but also in a few areas traditionally not known to make use of data analytics, such as workflow streamlining and operational performance improvement. Riding on the back of internal data for Profitability Analysis (PA), for instance, we can identify areas in operational processes where relatively large amounts of resource, time and thus cost are being consumed, and hence focus our energy in those areas for further investigation.
CWHK: How significant is this award win to you?
ML: This award is different in the sense that it recognizes achievements across the whole of China, Taiwan and Hong Kong so I presume that means 100s of nominations each year. So clearly it's an honor to be selected as one of a few winners from such a large population of IT leaders.
CWHK: In your time working and being exposed to mainland China, are there key differences in the challenges that China CIOs face versus Hong Kong CIOs?
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