Development of the HRTech Market in Japan

The 4^th industrial revolution is going on and various X-Tech businesses using IoT (Internet of Things), bigdata analytics, AI (Artificial Intelligence), robot etc. are growing in the world. One of the growing X-Tech businesses is HRTech. HR stands for Human Resources and various HRTech businesses are being developed in various HR fields such as payroll, talent management, performance management, employee engagement, well-being etc. Keio Business School started HR Technology Consortium with various private companies in April 2015 and this became the starting point at which the HRTech market grew rapidly in Japan. The 1^st HR Technology Summit and the 1^st HR Technology Award Conference were held in October 2016 and Ministry of Economy, Trade and Industry employed HRTech as a tool to accelerate the policy of work style reform in February 2017. This industry-academia-government collaboration accelerated the growth of the HRTech market in Japan.