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CMU-A delivers pioneering Digital Mindset program for the Philippines Central Bank

Posted 16th November 2020

Almost 5000 staff of the Central Bank of the Philippines have recently completed a digital upskilling course with Carnegie Mellon University Australia (CMU-A) as part of the Adelaide-based university’s Executive Education Program.

Using its world-leading expertise in data analytics, data science and public policy and management, CMU-A created seminars and programs for staff at the Bangko Sentral ng Pilipinas (BSP).

CMU-A Head Professor Emil Bolongaita said the series of five one-day seminars, held online and attended by about 5000 staff, were part of a partnership with the Philippines’ central bank to educate and train staff in support of the bank’s digital transformation agenda.

“As the world enters the so-called ‘fourth industrial revolution’, central banks need not just a technology-savvy leadership but a workforce with a digital mindset” Prof. Bolongaita said.

“These seminars aimed to raise awareness and acceptance of staff about digital transformation, how it is revolutionising the traditional banking and finance industries, and how the Central Bank itself needs to embrace analytics and AI technologies to be effective as policymaker and regulator of these industries.”

Prof. Bolongaita said CMU-A's Executive Education Program is a way to a strengthen the expertise of senior and mid-level managers through programs responding to specific needs across the public and private sector.

Head of CMU-A Prof Emil Bolongaita during the opening remarks of the program

Previous programs, which have been run for national governments in Argentina and Vietnam and the South Australian State Government, have covered topics such as strategic policy design, performance management in the public sector, IT communications and big data.

Philippine Central Bank Governor Dr Benjamin Diokno, who has promoted the slogan of “think digital, be digital”, has engaged CMU-A to support his drive for the Bank’s own digital transformation agenda.

In addition to the recent seminars, several other education initiatives have been established between CMU-A and BSP and were formalised in an MoU signed last year.

This included a bespoke 28-week program on Business Intelligence and Data Analytics, which is currently being completed by 34 key BSP staff. Those completing this program will also develop a capstone project (completed over two semesters) which they will then implement within their business units.

Staff will also be encouraged to apply for positions with CMU-A’s highly competitive Masters of Science degrees in Information Technology Management, Business Intelligence and Data Analytics and in Public Policy and Management – with the support of scholarships from BSP.

In September, a two-day executive program for senior BSP officials explored how new digital technologies can be used and how they can support organizational transformations. It also aimed to demystify Artificial Intelligence and show how real-world applications of machine learning and analytics can provide significant business value.

To find out more about CMU-A’s Executive Education Program, visit https://www.australia.cmu.edu/study/executive-education

Prof Zbigniew Zdziarski, expert in Computer Vision delivering from CMU-A's Innovation Lab

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