Address by Douglas Hsu on the 30th Anniversary of Yuan Ze University

        　　This year marks the 30th anniversary of Yuan Ze University and the 70th anniversary of the founding of Far Eastern Group. Although these important milestones are worth celebrating, in the face of the rapid changes in the environment, you should have a more sense of crisis and accelerate the pace of adjustment.

        Recalling that 30 years ago, Mr. Youkuai, the founder of Xu Gu, founded Yuan Ze University. At that time, in order to find a suitable campus, there were many setbacks and challenges in the process of running the university. Especially for the newly established private universities, the "source of teachers" is a big challenge. After all, the excellent teachers of the national universities may not be willing to enter the private universities to teach. However, unexpectedly, the unique flexibility and innovative spirit of private universities attracted many excellent professors, so Yuan Ze University had a good start.
        
         Today, Yuan Ze University has been established for 30 years. It's a pleasant year to live in. But it's more important to think about what role Yuan Ze University will play in the future. What kind of school is it? What is our foundation? Especially in the age of fewer children, facing the impact of over-supply and insufficient student resources in educational institutions, whether Yuan Ze University can survive depends on how we set a blueprint for the next five or ten years.
        
         More than 20 years ago, Taiwan was a member of Newly Industrial Economics, playing a pivotal role in the world economic arena, but its ranking is much worse today. Although ranking is only a reference, it can be used as a basis for our competition and comparison with ourselves, not only for national development, but also for the development of enterprises. Far Eastern Group's current annual revenue can be listed in Fortune Global 500, and how its ranking will change in the future depends on the efforts of all its colleagues; affiliated enterpriseFar EasTone Telecommunication ranks first in terms of communication quality and service quality, but because the telecommunications industry is facing fierce competition from low information fee, it will still have to transform from simple telecom providers to software services in the future. Only by doing business can we survive. Yuan Ze University should also grasp the ranking of schools and accelerate the transformation in the face of a rapidly changing future.
        
         Recently, I went to the AEI World Forum in the United States to discuss the basic issues of market, product, cost and so on, instead of artificial intelligence (AI). What strikes me is that while most Taiwanese enterprises are still stuck in "how to introduce artificial intelligence", the international community is already talking about "how to use artificial intelligence to control artificial intelligence". In addition, this time in the United States, I accidentally left my mobile phone on the taxi. Because the information in my mobile phone has not been backed up to the cloud, I am very anxious and deeply realize the importance of cloud technology.
        
         From this we can see that in the new era of digital convergence such as artificial intelligence, Internet of things (IoT), cloud, we must know how to use advanced science and technology, and schools must strengthen their understanding of the new economic era, as well as the research and development and education of related science and technology. Business schools may have focused only on cost and marketing capabilities in the past, but now they have to pay more attention to Big Data analysis and know when customers are coming. What kind of goods do you buy? Then according to these customer information, sales information, planning future marketing programs, in order to obtain better sales results. Far Eastern Department Store and Pacific SOGO Department Store have also been actively analyzing the above information in recent years. Moreover, the industry is very keen on the talent demand for the development and introduction of APP. It is hoped that through the convenient APP, one-stop service can be provided to customers to further enhance customer satisfaction. Schools should also step up the pace of training relevant talents.
        
         It is an indisputable fact that the world is constantly changing and changing at a faster and faster pace. This year at MWC (World Action Communication Conference) in Barcelona, Spain, everyone talked about 5G. Next year, the telecommunications industry will invest heavily in 5G-related construction. But ultimately, schools or R&D institutes will need to resort to schools or R&D institutes to make 5G commercially available. Therefore, schools should speed up R&D. And constantly check: Are we innovative enough? Enough progress? What is the gap between us and our competitors? Even among the units, we should compare with each other. At the same time, we must think further: Does the school's operation mode and positioning need to be readjusted? How to maintain a cooperative and competitive relationship with other institutions in the world? Taking affiliated enterprise Far Eastern New Century Corporation as an example, the purchase of polyester plants in the United States in recent years is based on strategic layout considerations.
        
         Finally, congratulations on the 30th anniversary of the founding of Yuan Ze University. 30 years old is a new milestone of Yuan Ze University and the beginning of another challenge. I hope you will have a sense of crisis and think positively about the direction and strategy for the next step. This is also an opportunity to report two good news to you: Google, one of the world's top five technology companies, will soon move into Tpark, Taipei Far Eastern Group Communication Park, and will move into R&D and engineering talents in batches in the future. In other words, Taiwan is expected to become a hub for high-tech R&D personnel. In addition, Far Eastern Group plans to address the old factory in Far Eastern New Century Corporation. A comprehensive park of medical treatment, research and development, commerce and residence will be built, and Yuan Ze University will benefit from its regional advantages, attract more excellent teachers and related resources, and inject more strength into the cultivation of talents and the promotion of national competitiveness.