Asia Business Channel

58% of Thai enterprises have dedicated resources to implement digital transformation

The 24th edition of Asia IoT Business Platform (AIBP) will be held in Bangkok on 24th & 25th July at the InterContinental Bangkok, Thailand. The event is being held in Thailand’s capital for the 4th consecutive year and will focus on the theme of Digitization of Local Enterprises.

Endorsed by Thailand’s Ministry of Digital Economy and Society, co-hosted by the Digital Economy Promotion Agency (DEPA) and supported by Microsoft Thailand, the event will focus on Thailand 4.0 initiatives and shed light on the challenges that local enterprises and public service organizations face in adopting and deploying IoT projects, as well as the latest developments in Thailand’s IoT and information & communications technology industry. The event is also the first collaboration between DEPA and Asia IoT Business platform to promote enterprise digitization ecosystems in Thailand and throughout the Southeast Asian region.

Led by the Ministry of Digital Economy and Society, Thailand has made both soft and hard infrastructure investments to ensure the country is ready for the new digital era. Thailand’s E-Government Development Index (EGDI) has increased dramatically over the last two years. Among ASEAN nations, Thailand ranks 2nd in Infrastructure and Digital Content and 3rd in Business and Innovation Environment, making it an attractive location for digital enterprises and startups.

“One of our establishment missions is to promote and support local enterprises in their industries and to help them develop new innovations. Working with Asia IOT Business Platform will help these local enterprises obtain more opportunities to open new markets at the regional level. The collaboration will serve and enhance our primary mission. Currently, we have a project that aims at helping SMEs’ digitization. So, it is a good opportunity to use this channel for digital knowledge exchanges and also develop new business opportunities,” said Dr.Nuttapon Nimmanphatcharin, President/CEO of DEPA.

Recently the Asia IoT Business Platform conducted its third annual survey among ASEAN enterprises. Initial survey results show that 26% of Thai enterprises have identified dedicated teams to implement digital transformation. A further 32% of enterprises reported that digital transformation has already been implemented in at least one functional area within their business. Thailand’s enterprises are also the most satisfied with local connectivity options, with only 26% expressing that better connectivity options are required. This compares to 51% in the Philippines and 33% in Malaysia.

The data is consistent with results from 2017, in which similar surveys were conducted in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Those results showed that 89% of Thai enterprises were exploring and/or implementing Internet-of-Things solutions - the highest among ASEAN countries surveyed. This is not surprising, especially with increasing “Industry 4.0” projects being implemented globally - a positive for Thailand, where manufacturing remains the largest contributor to the country’s economy.

Irza Suprapto, CEO of the Asia IoT Business Platform said: “There’s been strong interest from local enterprises in Thailand to implement digitization and IoT projects. This demand creates an ecosystem of innovation locally as it encourages investments by technology startups and established solution providers in Thailand. This is further enhanced by initiatives led by DEPA to attract solution providers such as the IoT Institute being built within the Eastern Economic Corridor (EEC).”

"IoT is a collaborative, multi-disciplinary effort that spans cloud development, machine learning, AI, security and privacy, and presents an immense opportunity to not only create operational efficiencies but to enable increasingly sophisticated enterprises. Digital transformation could add as much as $387 billion to Asia Pacific’s economy by 2021, and business leaders across the region – including those in Thailand – see IoT as one of the top technological priorities in achieving their digital transformation ambitions." said Tanapong Ittisakulchai, Small and Midmarket Solutions & Partners Lead at Microsoft (Thailand).

About the Asia IoT Business Platform
With a focus on local telecommunication companies and verticals, the Asia IoT Business Platform is an educational platform crafted by the industry, for the industry, with the aim of addressing key issues facing the adoption of IoT technologies in the ASEAN region. The program drives enterprises to understand and learn about the adoption of IoT technologies for their business. Since its inception in 2013, the Asia IoT Business Platform has secured strong support from local governments, enterprises and telecommunication companies.

The 24th edition of Asia IoT Business Platform will be held on 24th & 25th July 2018 at the InterContinental Bangkok and the conference will focus on both business successes as well as challenges in implementing IoT projects locally.
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