HKUST Business Review

Driving Business Innovation and Future-Ready Leadership From advancing quantum-era readiness and AI adoption to supporting the next generation of trade leaders, the School is fostering innovation and developing talent to create lasting impact across industries and society. Advancing Banks’ Readiness for the Quantum Era The School is co-leading the development of a Post- Quantum Cryptography (PQC) Toolkit with the Hong Kong Monetary Authority (HKMA) to help banks prepare for the cybersecurity challenges arising from advances in quantum computing. Led by Professor Allen HUANG, Head of the Department of Accounting, the initiative brings together expertise from HKUST’s business and engineering schools across finance, cybersecurity, and cryptography. The toolkit will equip banks with practical frameworks and guidance to identify transition priorities, plan their migration to post-quantum cryptography, and build cryptographic agility, thereby strengthening their preparedness for future quantum- related risks. Study: AI Adoption Goes Mainstream in the Workplace Hong Kong’s AI+ strategy places a strong emphasis on developing AI-ready talent to enhance long-term competitiveness. Reflecting this momentum, a study led by Professor TAM Kar-Yan, HKUST Vice-President for Administration and Business and Chair Professor of Information Systems, Business Statistics and Operations Management (ISOM), examined the adoption of AI in the workplace and found that more than 70% of Hong Kong professionals use AI tools daily or weekly, far exceeding the global average of 31%. Among regular users, generative AI is the most widely adopted application, with more than 80% using it frequently for document drafting, information analysis, and creative ideation. 48 HKUST Business Review