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Guest speakers:
Mr. Trung focuses on the vital importance of using data to support business strategies and make
decisions easier. He backs up his ideas with examples from well-known companies like Walmart,
Amazon, Netflix, C.H. Robinson, Starbucks, and Alibaba. Here's what we can learn from his presentation:
• Data's Valuable Role: Think of data as something very valuable, like the "New Oil." It's incredibly
important because it provides us with insights and intelligence that can help businesses succeed.
• C.H. Robinson's Efficient Logistics: C.H. Robinson's smart use of data shows us how making decisions
based on data can save money and make operations run more smoothly in the world of logistics.
• Starbucks' Great Customer Relations: Starbucks uses customer data to make its marketing better.
This helps them keep more customers happy and loyal to their brand.
• Alibaba's Diverse Growth: Alibaba's expansion into many different areas, all thanks to using
customer data wisely, shows how data-focused companies can offer a wider range of products and
services.
• Government Rules: The Ant Group's experience reminds us how important it is to follow government
rules when using data. It shows that we need to find a good balance between doing new things and
following the law in this area.
In Mr. Cuong’s insight, he focuses on how important data processing and the IT team are for getting
valuable insights from data. Here are the main points he talks about:
Data Processing Analogy: Mr. Cuong compares data processing to cooking. Just like you need to turn
raw ingredients into a tasty dish, you must process raw data to find useful information. The IT team
is essential for making this happen.
Aligning with Company Strategy: It's crucial for the IT team's work to match up with what the
company is trying to achieve. This ensures that their work in data analysis and IT directly supports
the company's big goals and long-term plans.
Having a Clear Goal: When the IT team understands the company's strategic goals really well, they
can work more effectively. They know where to put their efforts and resources to make the most
impact.
Measuring Performance: To see how well the IT team is doing, they use things like key performance
indicators (KPIs) and return on investment (ROI) metrics. These tools help gauge whether the team is
hitting their specific targets and how IT investments are affecting the company's success overall.
Q&A Session
Mr. Cuong's Example: NS BlueScope Vietnam's use of technology, like their website and app,
demonstrates how data can support new product development and customer-centric innovation.
Data Protection and Security: Large companies implement well-defined data governance policies,
limiting data access to authorized personnel and monitoring user activities to ensure data security and
confidentiality.
Caution with AI-Generated Information: Mr. Cuong emphasizes the need for verification when using AI-
generated information like Chat GPT to avoid incorrect decisions that could lead to costly mistakes.
In conclusion, the MBA Talk provides insights into the importance of aligning information systems with
strategic objectives, emphasizing the transformative potential of data-driven decision-making,
interdepartmental communication, and addressing critical considerations related to data privacy and AI's
impact on business strategy.