Thread by @rapplerdotcom

#BusinessSense with @RalfRivas: David Hardoon, Aboitiz Data Innovation managing director twitter.com/i/broadcasts/1…

@RalfRivas Aboitiz Data’s Hardoon: The goal is how to seek the opportunities of the data assets within the Aboitiz conglomerate, be it the financial pillars, power, land, construction, food, everything. Every single thing we do generates data.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: We looked at how we can reduce emissions. This is the operations, the amount of coal we’re burning, the emissions. Let’s understand that on a level that is invisible to the human naked eye.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: When cement is manufactured, various formulations are used. It’s a lengthy process. All of these things are captured with data. Can we predict in advance what is that compressive strength going to be? The answer was yes.

@RalfRivas Aboitiz Data’s Hardoon on risk management: How can we go about proactively mitigating risk and identifying risk in advance?

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon on applying data science to water: It’s how to make sure that this is done with maximum efficiency, identifying where there’s a likelihood of potential faults, increasing the rate of detection.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: My philosophy is there will always be data issues. Therefore, it’s important to take a two-step approach. Start with what’s available and just see what we’re able to achieve.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon on UnionBank digital push: It started off, “We need to do things differently.” “We need to be customer-centric.” We see the need, the demand.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: If you start off with a view of replacing jobs, don’t be surprised if that’s what happens. However, if you start from the point of view of augmenting, I’m absolutely certain it will result in even more jobs.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: The core skill sets have already been taught in the Philippines’ universities – statistics, math, programming. What is necessary is really finding those opportunities to maximize skill sets.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: One of the biggest challenges is how do you prepare for what you don’t know you don’t know? It’s basically you’re making a bet and the goal is you want to make it as informed a bet as possible.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: My recommendation is always start with what you know. Let’s start with the KPIs, the business objective. Let’s have demonstrable results. It will provide that confidence, that resilience.

#BusinessSense:

@RalfRivas Aboitiz Data’s Hardoon: I’m a big advocate of training. It doesn’t mean that everyone needs to become a data scientist, but everyone has to have an appreciation of what does it mean.

#BusinessSense: