The document summarizes a keynote speech on a systematic competency development approach for IT professionals. It describes challenges with competency development, proposes a competency development model with frameworks for assessment, leadership development, training management, and knowledge management. It shares implementation experiences using a web-based platform for competency assessment and individual development plans. The conclusion emphasizes that competency development is a long-term strategic focus that requires management support and employees' interest to achieve results over time through a simple and principled approach.