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Only 1 in 5 Business Leaders Confident in Applying New Tech

Only 1 in 5 Business Leaders Confident in Applying New Tech

The demand for workers with flexible, tech-driven skills continues to grow in Asia.[1] This creates urgency for the education sector to bridge the manpower gap and meet the demands of the new workplace.

Located in Japan, which is increasingly becoming an innovation hub[2] and hotspot for startups[3], GLOBIS University understands the need for jobseekers to remain competitive amidst digital transformations in the workplace.

Coining the term Technovate Era (a combination of technology and innovate), to describe this time where tech-driven skills converge and impact socioeconomic development,[4]  the school offers courses designed to help professionals overcome modern challenges such as staying relevant, integrating technology in business, and leveraging human skills.

Staying Relevant

Automation is expected to replace about 5 million jobs in 2020[5]. Technology is evolving at a rate most workers find it hard to keep up. GLOBIS University reports that only one in five business leaders are highly confident in applying new technology[6].

At the fore of these new technologies is AI. “In the future, human CEOs will have to adopt AI as a partner,” Yoshito Hori, Founder and President of GLOBIS University, shared. “Learn from it, and consult with it on decision-making and strategy.”

Technology in Business

In 2019, the McKinsey Global Survey reported that nearly half of the respondents have embedded at least one AI process in their business operations. AI could create 58 million net new jobs by 2022[7]. Business in the Asia Pacific region set its sights on investing $5.5 billion in AI systems, an 80% leap from 2018[8].

Overall, Hori agrees with the revolutionary role technology has played in the workplace and encourages using it to improve business.

“If ‘technology’ is white light, the courses visualize a spectrum of technology’s implications on the future of industries, and business models,” Aditya Prakash, an alumnus of GLOBIS University, likened GLOBIS’ Technovate courses to a prism. “It is important to note that technology should add convenience and empower the customers.” Prakash added.

Leveraging Human Skills

As AI adoption grows, the demand for workers capable of navigating these new technologies grows with it.

While it is true that smarter technologies outdate jobs and create new ones, there are invaluable skills which remain unique to humans. GLOBIS University believes that these skills are key to succeeding in the Technovate Era. Top in-demand skills in 2020 include critical thinking, creativity, and emotional intelligence[9].

“As much as technology and automation are steadily easing their way in the workplace, the jobs of the future will be creative, dependent on human relationships, and linked to the interests of the individual making them fun,” shared Hori.

The World Economic Forum reports a popular estimate that more than half of children in primary school today will end up working in completely new jobs that don’t yet exist[10]. The ability to prepare and anticipate changes in the modern workplace has become increasingly crucial, especially for both businesses and individuals, in order to fully utilize capabilities in this rapidly evolving environment.


To find out more about Technovate courses at GLOBIS, visit the official website.

[1] Tech in Asia. Is ASEAN’s next generation of talent prepared to take on the digital economy of tomorrow? Retrieved from: https://www.techinasia.com/aseans-generation-talent-prepared-digital-economy-tomorrow

[2] Tagawa, R. (2019) Site Selection Magazine. Where Innovation Startups Are Fast-Tracked. Retrieved from: https://siteselection.com/issues/2019/may/tokyo-japan-where-innovation-startups-are-fast-tracked.cfm. Rieko Tagawa is the Director for Attraction of Foreign Companies, Strategic Projects Division, Office for Strategic Policy and ICT Promotion at the Tokyo Metropolitan Government (TMG).

[3] Tokyo Is Becoming More Like Silicon Valley for Startups: Globis. Retrieved from: https://www.bloomberg.com/news/videos/2020-01-20/tokyo-is-becoming-more-like-silicon-valley-for-startups-globis-video

[4] World Economic Forum. The Future of Jobs – Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution. Retrieved from: http://www3.weforum.org/docs/WEF_FOJ_Executive_Summary_Jobs.pdf

[5] Ibid.

[6] GLOBIS University. Youtube. Retrieved from: https://www.youtube.com/watch?v=Lfs6ldmu9Ek

[7] Forbes. Artificial Intelligence To Create 58 Million New Jobs By 2022, Says Report. Retrieved from: https://www.forbes.com/sites/amitchowdhry/2018/09/18/artificial-intelligence-to-create-58-million-new-jobs-by-2022-says-report/#413aa45f4d4b

[8] Techcrunch.com. IDC: Asia-Pacific spending on AI systems will reach $5.5 billion this year, up 80% from 2018. Retrieved from: https://techcrunch.com/2019/05/20/idc-asia-pacific-spending-on-ai-systems-will-reach-5-5-billion-this-year-up-80-percent-from-2018/

[9] GLOBIS University. Youtube. Retrieved from: https://www.youtube.com/watch?v=Lfs6ldmu9Ek

[10] World Economic Forum. The Future of Jobs – Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution. Retrieved from: http://www3.weforum.org/docs/WEF_FOJ_Executive_Summary_Jobs.pdf

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