Japan’s plan to become a world leader in AI
- Nation aims to apply artificial intelligence in the workplace to increase productivity
- Japan is positioning itself as a major player in the sector and is partnering with international companies to expand its AI ecosystem
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Japan is offering new opportunities in digital technology, using groundbreaking artificial intelligence (AI) tools as it seeks to counter the issues of a shrinking workforce arising from an ageing population. For foreign companies, this provides an opportunity to work with domestic partners in this new “industrial revolution” to help transform Japanese society.
AI is one of the most important technological developments in modern history. However, to take advantage of it, there is a need for entrepreneurs to bring about breakthrough innovations, companies to provide financial resources and infrastructure, and for government policies that provide the appropriate environment for innovation.
Japan provides these three elements. When the nation transformed itself into an economic powerhouse it was driven by the belief that industry and government should work together as partners, rather than viewing each other as adversaries. The country’s breakthroughs in innovation have demonstrated the value of this approach, and Japan continues to be a global leader in major industries.
Japanese market is unique
Sega Cheng, co-founder and CEO of iKala, a Taiwan-based firm that helps companies implement AI solutions, sees plenty of reasons for optimism: “The customers in Japan are willing to pay the right price and are seeking long-term relationships with their suppliers,” he says. “This kind of business practice is invaluable for any company seeking to enter the Japanese market.”