Pet Pals Journey

  Society 5.0 also known as Super Smart Society. The goal of Society 5.0 is to create a society in which economic progress and technical advancement exist for the benefit of the entire society. As technology developed, digital literacy became increasingly necessary in order to engage with the modern world.  It requires not only technical abilities but also critical thinking, inventiveness, and adaptability to navigate evolving digital trends confidently (Sandra & Yuliawan, 2022). Entrepreneurial skills are pivotal in Society 5.0. To stay competitive, entrepreneurs need to be able to swiftly adjust to the demands of the digital marketplace, keep alert to new opportunities, and be flexible. Entrepreneurs must be observant, flexible, and always learning in order to prosper in the face of rapidly changing technology environments and intense competition (Ferriswara et al., 2023).   Sandra, J., & Yuliawan, Y. (2022). The Importance of Digital Literacy for Society 5.0 : A Phenomenolog

The challenge of the increasing superiority of various technologies in the world encourages us to be able to think creatively and to invent new innovations that bring changes for the better. The role of education in the era of development is to develop the qualities of human beings which are superior, creative, innovative, strongly achievement-motivated, skillful, and have a broad and deep insight. Entering the 5.0 society, education and technology play an important role in human life. Society 5.0 is understood as the concept of a human-centred, technology-based society. The 5.0 society is a process in which human life is greatly assisted by technology. In order to maintain the rapid pace of development, people must be more capable. The achievement of a 5.0 society, where technology is the best tool for entrepreneurs, requires that each generation of young people be better informed about technology and be able to use it in today's era of globalization. Reference: Permatasari, D., I

Society 5.0 has seeks method in operating individualistic systems which companies, universities, and governments strive to create a collaborative operational concept. Hence, incorporating essential entrepreneurial skills is crucial in order to adapt to Society 5.0. This society also envisioned as a human-centered society focused on fostering happiness, worth, problem-solving and creation   (Guarda, n.d.)  emphasizing diverse abilities, decentralization,   security, sustainability and environmental harmony.  In this society, modern challenges are resolved through the integration of technologies such as the Internet of Things, robotics, AI and big data. Therefore, it is important for individuals to possess knowledge and understanding of these technologies to maintain a balanced economy among humans, nature and technology in this smart society. Moreover, collaboration between humans and machines is essential, and hence improving individuals’ creativity and adaptability is required to

  The concept of a super-smart society, Society 5.0 is a novel approach to applying these advances, in which humans contribute to adapting technologies to daily activities in their society and making Society 5.0 ideas applicable to various aspects of everyone’s life (Çipi et al., 2023). Collaboration and networking are fundamental to the entrepreneurial process in Society 5.0. Individuals should establish a varied network of collaborators, mentors, and advisers that can offer support, direction, and resources. Collaborative problem-solving allows us to use their pooled skills and resources to address complicated situations more effectively (Ćoćkalo et al., 2023). Moreover, Society 5.0 emphasizes the necessity of tackling societal concerns while also encouraging sustainable development and social responsibility. Entrepreneurs should think about the social and environmental implications of their businesses and seek to make a good difference that helps society. Adopting a triple-botto

  Climate Change Issues The problem that I planned to solve with AI was a climate change issue. The first climate change issue that AI can help to solve was renewable energy integration such as solar and wind power, into the power system (Zhou et al., 2017). AI can estimate renewable energy output, predict electricity consumption, and dynamically alter energy distribution to maximize the usage of renewable energy while reducing dependency on fossil fuels. Next, AI is being utilized to help us better comprehend climate change and its possible effects. Furthermore, AI is also being utilized to create and implement renewable energy solutions, as well as to improve disaster response by helping to predict and respond to natural disasters more effectively (Zhou et al., 2017). Example, AI can assist natural disaster response by analyzing satellite imagery, sensor data, and social media feeds to improve early warning system.  References: https://www.linkedin.com/pulse/ai-good-7-real-world-e

  One of the problems I plan to solve with AI is in education sector. By automating administrative duties, artificial intelligence hopes to alleviate teachers' workload so they can better focus their energies on accommodating each student's unique educational requirements and fostering learning. Traditional classrooms often present a daunting challenge for educators, who must navigate large class sizes and varying learning paces among students. This can lead to difficulties in providing personalized instruction tailored to each student's unique requirements. Additionally, teachers are often overwhelmed by administrative duties, leaving limited time and resources for focused teaching and student support. AI technologies offer promising solutions to these challenges. By leveraging personalized learning platforms empowered by artificial intelligence, educators can better customize guidance to suit each learner's requirements individually, consequently improving results.

To adapt to Society 5.0, you would need to identify opportunities for innovation, foster collaboration, and embrace lifelong learning and also and hone entrepreneurial skills, which entails understanding its principles and leveraging emerging technologies to address societal challenges. Entrepreneurial skills such as creativity, critical thinking, and adaptability are essential for turning ideas into viable solutions. Cultivating a growth mindset, learning from failures, and considering ethical implications are crucial aspects of this journey. By embracing Society 5.0's vision of integrating digital technologies with physical systems to enhance quality of life, individuals can contribute to a more sustainable and inclusive society. This involves recognizing the importance of collaboration among diverse stakeholders and prioritizing principles such as fairness, transparency, and sustainability in entrepreneurial endeavors. Ultimately, adapting to Society 5.0 and developing entrepren

  The problem that I plan to solve with AI is the difficulty students face in accessing relevant information or clarifying concepts outside the classroom. At the same time, problems struggling with writing essays that require attention to grammatical errors and limitation of vocabulary usage should also be addressed. It is time consuming and tiring for students to search for information at the library or browse the internet as it requires filtering and understanding the content. Hence, integrating AI-powered chatbots can be helpful to assist students in gaining a better understanding and obtaining information for their research. Chatbot can saves time with instant replies, giving appropriate answers for any question or query given. This can be achieved as the chatbot utilize through database of information, deep learning, machine learning and NLP to recognize patterns in conversation (Capacity, 2024) . Moreover, students’ essays can be enhanced with chatbot by identifying any grammar

  The problem which I plan to solve with AI is ineffective risk management, which in contemporary finance is a primary challenge, which is due to the reason that traditional methods relied on historical data, which consist of financial data of the market, which could accumulate into thousands of pieces of data, which would then be processed and analysed by financial analyst, as so to have a prediction on the market and be able to manage the risk of launching a new product. But, the processing and analysing of every piece of data could be a little bit mundane to a human and it could also result in errors being made, which could be due to missing small pieces of data. Thus, I would propose using Artificial intelligence (AI)to solve this problem which is due to the reason that AI is able to improve the market prediction accuracy and risk management by accurately predicting market volatility through analysis of financial data and operational details, leveraging its computational efficiency

Finance (Valerie Annabella and Yap Huey Shin) Finance Issues In contemporary finance, effective risk management remains a primary challenge. Traditional methods relying on historical data and subjective judgment struggle to adapt to the rapidly evolving market landscape and emerging risks. Financial institutions must navigate market, credit, and operational risks adeptly to ensure operational stability and longevity. Transaction execution and optimization present another significant hurdle. Outdated trade execution techniques often result in delays and inaccuracies, elevating trading costs and diminishing efficiency. In the face of the financial market's complexity and speed, institutions must make swift decisions and execute trades promptly to secure optimal prices and outcomes. Moreover, conventional fraud detection approaches relying on rule-based and pattern-matching systems fall short in identifying and preventing novel fraud schemes promptly. Timely intervention is crucial to

 Team Member and TP Number Valerie Annabella (TP071725) Yap Huey Shin (TP070470) Tan Qiao Qian (TP070860) Lim Jun Na (TP072221) Chong Jess Wynn (TP077821) Michelle Wong Hei Hui (TP077765)