TOPIC 2 - How to adapt the Society 5.0 and its development? (TP070991)

How to adapt the Society 5.0 and its development, include learning and developing some essential entrepreneurial skills


Before the whole community accept and adapt the Society 5.0, some of the organization will act as the pioneers by developing the concept into their business to improve their competition. For example, the trends of cryptocurrency and blockchain technology with decentralized database that shared among the peer-to-peer network has threatened the bank all over the world. Therefore, they have come out a system that is similar to blockchain but using the country's fiat money which is called Central Bank Digital Currencies (CBDC). However, there are several stages that the organization need to aware before they jump into the new era. (CNBC International,2021)

First of all, the organization need to make sure that their employees are well known about the changes and build with the ability to solve problem in the Society 5.0 environment. Due to this, it is important to provide training or workshop to the employees to upgrade or update their view from the particular system. (Hakobyan, 2022)

Despite from the labor, the capital to develop the technology are also essentials. It may include money, hardware, software and collaboration resources. For example, the organizations have to migrate from private data center to cloud data center that can monitor the real-times business activities and provide predictive analysis for better user experience and strategies planning. These is minimum requirements for organizations to form their "Baby System". (Hakobyan, 2022)

After that, they also need to guarantee their users know how to use the service that is provided by the organizations. In instance, ones with the experiences using traditional fiat money and centralized transactions system unable to adapt the cryptocurrency promptly. Therefore, it is a must for the organizations to provide an easy tutorial for different age groups. (Hakobyan, 2022)

As a conclusion, the adaptability of the Society 5.0 involves multiple stakeholders and resources that need to take consideration in a business. This transformation demands the collaborative effort from different areas such as government, industries and education to form a new era of the world.


References

CNBC International. (2021). Why central banks want to launch digital currencies | CNBC Reports. In YouTube. https://www.youtube.com/watch?v=Qrx_FnjRnfI

Hakobyan, S. (2022, May 11). 10 Factors to Help You Evaluate a New Technology. Www.itonics-Innovation.com. https://www.itonics-innovation.com/blog/10-factors-to-help-you-evaluate-a-new-technology


Provided by: Tan Wai Ken TP070991

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