Mr. Yong Chern Chet
Chief Innovation Officer, Ananda Development
Topic: How do Businesses Win in the World of the Connected Everything
Dr. Yong Chern Chet (Chet) joined Ananda Development in March 2017 in the role of Chief Innovation Officer bringing with him complementing executive leadership experience across a variety of areas including strategic foresight; futures studies, business model innovation, investment due diligence, risk advisory, business operations consulting and clinical practice management. Under Dr. Yong’s leadership, in July 2018 Ananda Development’s corporate innovation achievements were acknowledged via an Enterprise Innovation Award at the 24th Asia IoT Business Platform for the use of Big Data and Machine Learning technology to enhance business operations. Subsequently, in September 2018 Ananda Development was again successful as the Thailand winner of IDC’s Asia Pacific Digital Transformation Awards (DXa) 2018 under the Operation Model Master category.
Prior to joining Ananda, Dr. Yong was Vice President at Parkway Pantai and the CEO of ParkwayHealth Laboratories. As the company head and transformation architect of Parkway’s clinical diagnostics division, he achieved quick successful turnaround of the business by embedding innovation and digital capability within core operations resulting in business performance that successfully surpassed growth and profitability targets.
While in management consulting, Dr Yong was the Healthcare Industries Sector Leader for Deloitte Southeast Asia and a Director for the Risk Advisory function. He was also the Head of Deloitte’s Future Healthcare Centre of Excellence; a Singapore Economic Development Board (EDB) supported thought leadership initiative.
As a medical doctor, he held clinical leadership and operations management roles with Raffles Medical Group. He started his clinical career with National Healthcare Group (NHG) where he underwent general surgery and orthopaedics training at the National University Hospital (NUH) in Singapore.
How do Businesses Win in the World of the Connected Everything
“Just as with the mobile movement and the preceding internet age, the Internet of Things (IoT) wave is invertible; without exception every industry and business will either ride it to success or be swept away by the currents of disruption.”
The IoT Market is projected to expand exponentially from 2017–2023 to reach a market cap exceeding $195 billion by 2023 according to analyst reports. This growth is mainly fuelled by the increasingly ubiquitous manufacturing of smarter in-home, mobile, and transportation devices . This also direct mirrors the underlying proliferation of new age business models enabled via the connectivity and data streams created by IoT sensors and devices.
This session will explore IoT powered strategies and business models under the themes of:
- From Product to Platform (as-a-service model)
- Buy only the Benefits (outcome-based model)
- Sharing is Caring (distributed asset model)
- Best Sales Ever (sales conduit model)
- Data is the New Oil (data monetisation model)