Wizpresso, in partnership with Lions Club of Metropolitan Hong Kong, Ivey Alumni Network, and Western Alumni, successfully hosted “Practical AI: From Implementation to Impact on Your Business” on Saturday, June 28, 2025, at Ivey Business School’s Hong Kong Campus. The four-hour seminar attracted over 50 participants from Hong Kong’s business community, featuring expert discussions on real-world AI implementation challenges and opportunities.
Advanced AI Technologies Address Longstanding Accuracy Concerns
The seminar highlighted significant breakthroughs in addressing one of AI’s most persistent challenges: hallucinations. Calvin Cheng, Founder & CEO of Wizpresso, demonstrated how Retrieval-Augmented Generation (RAG) and Agentic AI technologies are revolutionizing AI reliability.
“Traditional AI systems often generate plausible but incorrect information, undermining trust in business applications,” Cheng explained during his presentation. “However, Agentic AI represents a paradigm shift—these systems actively verify, refine, and improve their responses through self-assessment and external fact-checking before finalizing answers.”
The discussion revealed how Agentic AI differs fundamentally from standard large language models by incorporating structured reasoning, external knowledge retrieval, and multi-step verification processes. This approach significantly reduces hallucinations while maintaining AI’s creative and analytical capabilities, making it more suitable for critical business applications in healthcare, finance, and legal research.
Legal Sector Embraces Efficiency Gains Despite Implementation Caution
Sherman Yan, Managing Partner at ONC Lawyers, provided valuable insights into AI adoption within Hong Kong’s legal industry. “AI will fundamentally make legal work more efficient,” Yan acknowledged, citing examples of due diligence, contract analysis, and legal research being streamlined through intelligent automation.
However, Yan highlighted the cautious approach many law firms are taking toward AI implementation. “The rapid development of AI technology creates a significant challenge—firms are concerned about investing in solutions that may become outdated quickly,” he explained. This technological uncertainty has led many legal practices to adopt a wait-and-see approach rather than making substantial upfront investments.
The discussion also revealed a growing divide between large and small-to-medium law firms. “Large law firms have distinct advantages in investing in enterprise AI solutions due to their resources and scale,” Yan noted. “Smaller firms often struggle with the initial investment and ongoing maintenance costs, potentially creating a competitive gap in the market.”
Shifting Economic Dynamics: The Changing Value of Experience
A particularly compelling discussion emerged around how AI is reshaping traditional career trajectories and compensation structures. Dr. John Hui from HKIIT and Professor Dominic Chan, who moderated the panel, addressed the evolving relationship between human expertise and artificial intelligence.
“We’re witnessing a fundamental shift in how knowledge and experience are valued in the workplace,” Chan observed. “The introduction of AI is causing human knowledge and experiences to depreciate at an unprecedented rate, particularly in fields where information processing and pattern recognition were previously key differentiators.”
Dr. Chan expanded on this theme, noting a significant demographic shift in peak earning potential. “The peak pay age is shifting younger from one generation to another,” he explained. “Where previous generations might have seen their highest earning potential in their 40s and 50s, we’re now seeing younger professionals commanding premium salaries due to their native digital fluency and ability to effectively collaborate with AI systems.”
This trend has profound implications for workforce planning and career development, suggesting that continuous learning and adaptability may become more valuable than accumulated experience alone.
AI Literacy Emerges as Critical Implementation Barrier
Despite technological advances, the seminar identified AI literacy as Hong Kong’s primary bottleneck for successful AI adoption. The discussions aligned with recent industry findings showing that 33% of Hong Kong professionals struggle with writing effective AI prompts, despite the city’s above-average AI adoption rate of 44%.
The expert panel discussed how Hong Kong enterprises remain cautious about AI deployment due to uncertainties around data quality and return on investment. Survey data presented during the session revealed that 76% of Hong Kong employers lack knowledge to implement AI workforce training programs, while 70% cite insufficient financial resources for employee AI training.
Bridging the Implementation Gap
The seminar addressed practical solutions for overcoming Hong Kong’s unique AI adoption challenges. Speakers highlighted how local businesses can leverage improved RAG systems that combine structured and unstructured data to reduce hallucinations while maintaining contextual relevance.
Participants learned about the importance of establishing comprehensive data collection and reconciliation systems, with nearly 40% of Hong Kong enterprises lacking such foundational elements for AI training. The discussion emphasized that poor data quality can result in misleading insights and biased AI outputs, making investment in data infrastructure crucial for successful implementation.
Wizpresso extends sincere gratitude to the organizing partners—Lions Club of Metropolitan Hong Kong, Ivey Alumni Network, and Western Alumni—for their collaborative support in making this seminar possible. Special appreciation goes to Ivey Business School for providing an excellent venue and academic environment that facilitated meaningful professional discourse.
As Hong Kong continues its digital transformation journey, events like this seminar play a crucial role in bridging the gap between technological capability and practical business implementation. Wizpresso remains committed to supporting Hong Kong’s business community in navigating the AI landscape through education, practical solutions, and ongoing dialogue.
The success of this seminar underscores the strong appetite among Hong Kong professionals for practical AI knowledge and implementation guidance. As businesses increasingly recognize AI’s potential to drive productivity and innovation, addressing the AI literacy gap becomes essential for maintaining Hong Kong’s competitive position in the global digital economy.
About Ivey Business School
Established in 1922, Ivey Business School at Western University stands as Canada’s leading provider of real-world, case-based business education. With a remarkable 28-year legacy in Greater China, Ivey was the first international business school to establish a campus in the region in 1997, demonstrating its commitment to global business education.
Ranked #1 in Canada by the Financial Times, Ivey’s Executive Education is renowned for its transformational learning impact and extensive global network3. The school operates campuses in London (Ontario), Toronto, and Hong Kong, serving a diverse international student body and alumni network spanning over 100 countries.
Ivey’s distinctive case-method learning approach sets it apart in business education. As the world’s largest producer of Asian business cases and second only to Harvard Business School globally in case production, Ivey provides students with real-world scenarios that develop critical thinking and strategic decision-making capabilities. This methodology has proven highly effective, with 96% of Executive Education participants applying their learning and 93% reporting increased leadership confidence.
The school’s Hong Kong campus continues to serve as a vital hub for business education in Asia, offering executive programs that address the unique challenges and opportunities facing organizations in the region. Through its comprehensive approach combining academic rigor with practical application, Ivey Business School continues to develop leaders who think globally and act strategically in today’s dynamic business environment.
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