Abstract
The new challenges posed by the pandemic and digital transformation would require a reimagination of how we structure our current economy and address our future manpower needs. Globalization has transformed our lives and society. Additionally, the fourth industrial revolution will change the world dramatically. The impact will be far greater than its three predecessors. Specifically, many existing jobs, traditional universities, technologies, and industries, will be affected, and some may even disappear. Together with the pandemic, they will accelerate the pace of digital transformation and create new opportunities. In this new era, the relationship between university and industry could take new forms. Their collaboration plays an increasingly important role in creating new frontiers, ideas, knowledge, and growth areas. Therefore, higher education is no longer about knowledge creation and transfer. It must integrate global perspectives into its teaching and research mission to remain relevant and competitive.
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