Week 3 - Adapting to Society 5.0 and its development, including its learning and development of some essential entrepreneurial skills.

 -Abdullah Mahmoud Alghandour TP077275

Society 5.0 Adaptation involves the adoption of modern technologies and entrepreneurial skills, now ultimately needed. Moreover, entrepreneurs need to develop innovation, critical thinking, and virtual literacy skills to manage this dynamic landscape appropriately. The level of skills and knowledge in next generation tech like AI, IoT and blockchain is very necessary in order to build purposeful ventures that solve the problems of society.

Therefore, excellent communication and teamwork are crucial in relation to the creation of strategic partnerships and allocation of resources in the Society 5.0 ecosystem, which is integrated. Besides, having resilience and ability to learn from mistakes are also key skills needed to deal with unforeseen situations that the current era of entrepreneurship brings.

These skills are continuously developed by an individual, therefore he will not only be successful in Society 5.0 but can also significantly contribute to its growth. By providing innovative technologies and adaptive systems, entrepreneurs enable us to cooperate in creating a future that is dominated by technology but at the same time leads to societal development and sustainability.

References:
World Economic Forum (WEF). 2023 
https://www.weforum.org/publications/the-future-of-jobs-report-2023/ Springer Open. 2022
https://journalofcloudcomputing.springeropen.com/articles/10.1186/s13677022-00314-5



ALI HUSSEIN M. AHMAD. (TP077707)

Society 5.0 envisions a human-centered society where technological advancements, particularly those in AI, IoT, and big data, are utilized to tackle societal challenges and enhance quality of life. In order to succeed in this quickly changing environment, adapting to Society 5.0 involves encouraging a culture of ongoing learning and development, especially in the area of entrepreneurship. Lifelong learning is crucial. People must keep up with new developments in technology and fashion through online courses and formal education. It is essential to develop creativity and problem-solving abilities. Entrepreneurial endeavors frequently call for creative fixes for challenging issues. Promoting innovation and unconventional thinking cultivates an entrepreneurial mindset that is essential for success in society. 5.0. In Society 5.0, networking and collaboration are crucial because success frequently relies on partnerships and cooperation across disciplines. Creating a solid network of peers, mentors, and business leaders can offer opportunities for growth, support, and direction. By prioritizing continuous learning, fostering creativity and problem-solving, cultivating adaptability, and promoting collaboration, individuals can effectively adapt to Society 5.0 and thrive in an entrepreneurial ecosystem driven by technological innovation.

(Cabinet Office, 2019b)

References:

Cabinet Office. (2019b). Society 5.0. Cao.go.jp. https://www8.cao.go.jp/cstp/english/society5_0/index.ht

-Basem Ghasan Mansoor Ali (TP076027)

The concept of Society 5.0 emerged in 2015 in Japan, and it seeks to put humans at the centre of innovation by using the results of Industry 4.0 in the improvement of the quality of life (Serpa, 2018), And as we transition to this new era, it became a must for individuals and entrepreneurs to adapt by learning and developing some new skills that fit this new era such as:

1. Understanding the basics of AI, IoT, and big data, and having an analytical mindset that is able to leverage these tools to come up with solutions that address societal challenges. (Bütüner & CALP, 2022) 

2. Developing critical thinking and problem-solving skills are fundamental to face the complexity and the challenges of Society 5.0’s complex economic system. (Bütüner & CALP, 2022)

Lastly, adaptability and flexibility to lifelong learning are essential skills that all entrepreneurs must learn in this rapidly changing world to be always ready to acquire new skills and knowledge, and by focusing on these skills, individuals can adapt the transition to Society 5.0 and foster entrepreneurship.

References

Bütüner, R., & CALP, H. (1 1, 2022). Society 5.0: Effective technology for a smart society. Retrieved from researchgate: https://www.researchgate.net/publication/362815571_Society_50_Effective_technology_for_a_smart_society

Serpa, S. (26 11, 2018). Society 5.0 and Social Development: Contributions to a Discussion. Retrieved from researchgate: https://www.researchgate.net/publication/331401516_Society_50_and_Social_Development_Contributions_to_a_

 

 -Faris Mohammed Ata Abulathou (TP077862)

The concept of "society 5.0," is a new better society in which people, technology, and environment coexist in a balanced way while being supported by data. This concept was founded by the japanese government back in 2016. It supports the use of artificial intelligence in our daily lives with the goal to overcome social and environmental barriers to financial growth.

 To adapt to Society 5.0 and its development, entrepreneurs must develop certain essential skills. These skills consist of the ability to solve problems, think critically, and creatively, as well as data literacy. Because you need to be able to process and analyze large amounts of data to enhance performance without many drawbacks, thus making data literacy an essential skill. Understanding and using important technologies such as artificial intelligence (AI), big data, and the Internet of Things (IoT) is being literate in technology. The importance of maintaining people as essential elements in this age of digitalization is reinforced by human literacy.

 Entrepreneurs of Society 5.0 need to also focus on creating a society that gives us a feeling of importance and happiness, meaning that it should shift our viewpoint from being technology-driven to being driven by societal requirements. By utilizing Society 5.0, enterprises may better address the issues of sustainable development by honing these competencies.

 

References:

Rojas, C. N. (June 9, 2021). A Japanese Concept for a Superintelligent Society. MDPI: https://www.mdpi.com/2071-1050/13/12/6567


 

-Ahmed AbdulAziz Omar Baflah (TP078277)

 Society 5.0 is a new concept that first appeared in 2015 in Japan, in a strategic national political initiative which followed a concept called “Industry 4.0” which represented an integration between technology, virtual space, and the human being; between the real world and the virtual world, resulting in a true collaborative network that articulates: intelligent robots; automated simulations; Internet of Things; cloud computing; additive manufacture; and big data analytics. (Serpa, 2018) While “Industry 4.0” focuses on production, Society 5.0 focuses on putting humans at the center of the innovations. Society 5.0 ultimate goal is to make human life better by improving their life quality and productivity through digitalization. (Carayannis & Jancelewicz, 2022)

 However, there are some difficulties including but not limited to: upgrade, synchronization, security, research, social and ethical implications, skills gap, the rapid development of Industry 5.0 technologies (Carenina, 2023).

References:

Carayannis, E. G., & Jancelewicz, J. M. (2022, January 05). The Futures of Europe: Society 5.0 and Industry 5.0 as Driving Forces of Future Universities. Retrieved from SpringerLink: https://link.springer.com/article/10.1007/s13132-021-00854-2

Carenina, E. (2023, Sep 22). Industry 5.0 Challenges Amidst Society 5.0. Retrieved from Binus University (Faculty of Engineerng) : https://ie.binus.ac.id/2023/09/22/industry-5-0-challenges-amidst-society-5-0/https://ie.binus.ac.id/2023/09/22/industry-5-0-challenges-amidst-society-5-0/

Serpa, S. (2018, November 30). Society 5.0 and Social Development: Contributions to a Discussion. Retrieved from ResearchGate: https://www.researchgate.net/publication/331401516_Society_50_and_Social_Development_Contributions_to_a_Discussion

 


-Alhussain Ali Murshed TP078072


The term "Society 5.0" describes a fusion of advanced technology and social advancement. This vision unifies robotics, big data, IoT, AI, and robotics to build a highly sophisticated, human-centered civilization. In order to achieve this vision, innovation and societal impact are driven by entrepreneurship.

Gaining an understanding of new technologies and their practical applications is essential to comprehending the foundations of Society 5.0. Proficiency in data analytics, artificial intelligence development, and digital marketing are vital for prospering in this ever-changing terrain.

In Society 5.0, it is imperative for entrepreneurs to be abreast of evolving trends. Networking, partnerships, and cooperative efforts with tech startups and institutions can lead to significant solutions and open doors. Here, entrepreneurship emphasizes ethical innovation and the development of significant value above and beyond profit.

Essentially, business owners in Society 5.0 must negotiate a constantly changing and disruptive environment. They greatly contribute to a brighter, more sustainable future by collaborating, embracing modern technology responsibly, and placing a high priority on social well-being.

 

 References:

Serpa, Sandro. (2018, November). Society 5.0 and Social Development: Contributions to a Discussion. ReserchGate; Carlos Miguel. https://www.researchgate.net/publication/331401516_Society_50_and_Social_Development_Contributions_to_a_Discussion


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