Bridging the gap between academia, alumni and industry (AAI) 2.0

The Bridging the Gap Between Academia, Alumni, and Industry (AAI) 2.0 webinar series, held from 27 February to 7 March 2025 via Zoom, successfully fostered knowledge-sharing and collaboration among academia, industry professionals, and alumni. The webinar series was organised by UTAR’s Teh Hong Piow Faculty of Business and Finance (THP FBF) Department of Economics in collaboration with the Financial Economics Society.

The series aimed to bridge the gap between academic learning and industry practices while aligning with the United Nations’ Sustainable Development Goal 4 (Quality Education). Each session featured distinguished speakers who provided valuable insights into emerging trends, economic landscapes, ethical AI, sustainability, and career transitions.

Apart from industry professionals, the speakers also included academic staff from the Department of Economics and alumni from the Bachelor of Economics (Honours) Financial Economics programme.

Series 1: AI Advancements and Economic Insights

The first session featured Founder and Managing Director of AIII Dr James Ong, UTAR’s THP FBF Dean Assoc Prof Dr Au Yong Hui Nee, and alumnus Mr Robin Choong Xu Bin. Dr Ong explored the transformative impact of AI, highlighting developments including OpenAI’s advancements, ethical concerns, and the role of global AI governance.

“AI is not just a technological revolution, it is reshaping the very fabric of industries and economies worldwide,” stated Dr Ong.

Meanwhile, Dr Au Yong emphasised the diverse career opportunities in economics, stressing the importance of critical thinking and quantitative skills. “Understanding economic trends and financial markets is crucial for navigating today’s job landscape,” she noted.

Alumnus Mr Robin Choong shared his experience as a business analyst at Ricoh Printing, detailing how his academic background in economics equipped him with analytical and communication skills essential for real-world problem-solving. “My education at UTAR gave me the analytical tools to adapt to the ever-changing demands of the business world,” he shared.

Series 2: Generative AI and Global Economic Shifts

The second session welcomed the CIO Asia of Kraft Heinz Mr Clark Wu and UTAR’s THP FBF academic Prof Dr Wong Chin Yoong. Mr Wu examined the rise of Generative AI (GenAI), discussing its integration into industries through AI co-pilots and autonomous agents. He advised, “Businesses must embrace AI-driven transformation strategically to stay competitive in a rapidly evolving digital economy.”

Prof Wong provided an in-depth analysis of the global economic order post-Trump presidency, challenging traditional liberal economic theories and highlighting shifting international alliances and trade policies. “The economic landscape is undergoing fundamental shifts, and businesses must be prepared to navigate these changes with agility and insight,” he remarked.

Series 3: Ethical AI, Sustainability, and Industry Transition

The third session featured UTAR’s THP FBF Deputy Dean Prof Dr Abdelhak Senadjki, Mr James Ng Chan Choy from the United Nations Industrial Development Organisation, and UTAR alumnus Mr Heng Han Quan.

Prof Abdelhak highlighted the responsible use of AI in academia, emphasising the need for critical evaluation and institutional policies to maintain academic integrity. “AI can be a powerful tool, but its ethical use in education requires vigilance and clear guidelines,” he cautioned. Mr James Ng highlighted the role of data analytics in Environmental, Social, and Governance (ESG) practices, demonstrating how AI can drive sustainable solutions. “Data-driven decision-making is key to achieving sustainable industrial growth,” he explained. Alumnus Mr Heng Han Quan shared his transition from academic learning to a career in banking, detailing his adaptation to industry expectations and the importance of relationship management and continuous learning. He emphasised, “The transition from university to the workforce is challenging, but adaptability and networking are essential for career success.”

Series 4: Financial Planning, Food Education, and Career Growth

The final session addressed critical issues such as medical inflation, food sustainability, and professional development. The speakers, namely Co-Founder of i-GenXYZ Financial Group Mr Pattrick Ng Jin Shinn, UTAR’s THP FBF academic Prof Dr Lau Lin Sea and UTAR alumnus Mr Cheong Jin Hoe provided insights into financial planning strategies, the importance of food education in promoting sustainability, and practical guidance for career progression.

“With rising medical costs, early financial planning is more important than ever,” Mr Pattrick Ng noted. The session highlighted the need for lifelong learning and adaptability in today’s evolving job market. “The ability to continuously learn and adapt is what sets professionals apart in today’s fast-changing world,” Prof Lau highlighted.

The AAI 2.0 webinar series successfully connected academia, alumni, and industry professionals, facilitating meaningful discussions on pressing global topics. Participants gained valuable perspectives on AI, economics, sustainability, and career transitions, further equipping them with the knowledge to navigate an increasingly complex and technology-driven world. The series reaffirmed UTAR’s commitment to fostering industry-academic collaboration and lifelong learning.