On 28 November, the Asian Institute of Management unveiled the Aboitiz Tech Space, the first smart caseroom and largest audio-visual caseroom of the school. As its newest learning environment, it will immerse future business leaders in high-tech surroundings to supplement their education.
The unveiling of the Aboitiz Tech Space was witnessed by Aboitiz Group President and Chief Executive Officer Sabin Aboitiz. With a trailblazing approach to strategic growth, Aboitiz is leading the Group through its "Great Transformation" to become the Philippines' first techglomerate. This means leveraging technology and a renewed entrepreneurial spirit.
"A most integral part of this transformation is not just opening the minds of our own team members to the fantastic possibilities of innovation, experimentation, and next-generation technology trends, but to also provide these possibilities and opportunities to students here at AIM, to spread this knowledge around for anyone to learn," said Aboitiz Group President and CEO Sabin Aboitiz.
"As a techglomerate, it is very much our responsibility to drive change for a better world by driving change for a better education. In these halls and classrooms, we hope to live up to that responsibility, by harnessing the skills, talent, and knowledge needed to truly transform and advance our society toward the brave new world of the future," he added.
Three years ago, the Aboitiz Group, through its social responsibility arm the Aboitiz Foundation, made a $10 million donation to AIM, marked as the Aboitiz 100th Anniversary Commitment Fund. The said fund is being used to address local and regional gaps in data science and innovation. With this donation, AIM's Aboitiz School of Innovation, Technology, and Entrepreneurship conducts world-class teaching and research with real-world applications with data science professionals and leaders.
About $1 million of the historic donation went to building the Aboitiz Tech Space, which was AIM's flagship project of the year. Half of the donation goes to interest-free loans for students. The choice to use the US$5 million for 0-percent interest loans ensures that it would be sustainable and self-perpetuating, providing educational opportunities to as many talented young people as possible.
Since the donation, there have been 67 zero-interest student loan grantees taking Master's degrees in Science in Data Science, and 75 students taking Master's degrees in Science in Innovation and Business at ASITE. Through the program's strategic partnerships, students become data science consultants even while studying, helping organizations innovate through data science and machine learning. In 2020, the MSDS program realized 15 real-world cases. Partners and stakeholders estimated a total potential revenue of $40 million from these projects. For the MSDS Batch of 2021, graduates saw an average salary increase of 170 percent.
"On behalf of the Aboitiz Foundation, we are happy to have been able to assist AIM in their efforts to expand their curriculum and facilities toward the direction of a bold future, and the skills and education it will require. We celebrate with you all as we mark this new crossroads of innovation, technology, and education. And we look forward to a whole new generation of innovators, data scientists, IT specialists, and engineers that will be graduating from this school and leading the way toward great discovery and progress for all," said Aboitiz Equity Ventures Director Erramon Aboitiz.
"One of the tipping points for AIM was when we received a $10 million gift from Aboitiz. It was the single largest cash donation in the history of Philippine higher education," said AIM President and Dean Dr. Jikyeong Kang. "And so, during the pandemic, we took advantage of the fact that the campus was shut in order to continue this journey of adding new, innovative programs and educating quality students. We could also improve our infrastructure to be able to better support our academic programs, students, and faculty."
The Aboitiz Tech Space features state of the art technology and has been expertly designed to be the most conducive learning environment for students. With the international student base of AIM, it is particularly important that the space is suitable for both onsite and online students. The smart cameras track the faculty or speaker as they move around the room, and automatically zoom in on any student that raises their hand, ensuring that students joining online are not missing out. Other features include ceiling-mounted microphones and speakers, and a smartboard that faculty can use and which is automatically reflected on the panels that surround the room.
By pushing the boundaries of what a classroom looks and feels like, the Aboitiz Tech Space challenges students to innovate and think differently. For these future movers, shakers, and leaders of industry, the lesson has already begun.