Technological innovations have become a crucial part of every country’s growth strategies. Understanding its infinite potential, Thailand has also incorporated digital transformation as part of the economic development project which has the power to unlock up to $79.5 billion in economic value by 2030.
This blog will show you the new digital technology in Thailand based on the Thailand 4.0 initiative. So, without any further ado, let’s dive deep into Thailand’s digital landscape.
Key Technologies Driving Thailand’s Growth In Different Sectors
Given below are some of the top technologies that are playing a crucial role in taking Thailand further in economic growth.
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Mobile Internet
With an exponential increase in smartphone use, mobile internet services have grown to a much larger extent as well. This has also boosted the trend of mobile commerce, over-the-top (OTT) services, and the adoption of applications to avail of different e-services.
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Advanced robotics
Robots are able to perform different tasks with high mobility and precision. With the integration of advanced robotics, you will find smooth operations and faster productivity in the supply chain and other industries.
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Cloud computing
Since cloud computing opens the gateways to great data storage and excellent computing power, it is preferred for higher productivity and improved security. The best part is that all cloud services can be opted on an as-needed basis.
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AI
The power of AI can revolutionize every sector by exhibiting human-like intelligence. Its advanced perceiving and decision-making power assist in solving relevant problems in no time.
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Fintech
The growing FinTech helps drive faster financial management and impart instant access to advanced financial products be it, savings, loans, or any other investments. This has even facilitated cashless payments in different domains.
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Big Data
Analyzing large chunks of data can offer real-time analysis and useful insights for more customer engagement. Predictive analytics holds the key to deriving important KPIs relying on customer preferences for the best marketing strategy.
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Additive manufacturing
Building 3D objects to test and handle different low-volume components can bring a breakthrough in manufacturing. Since there is a need for quick turnaround, competitors can easily find a fix for complex components using these efficient techniques.
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IoT
With remote sensing and the Internet of Things (IoT), companies can easily connect and monitor different machines and objects. Its applications solve numerous problems in the healthcare, factories, and security sectors.
What Are The Top Priority Areas For Thailand’s Digital Transformation?
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Growth Of Digital Infrastructure
According to the long-term plan for developing Thailand, the government is improving the overall infrastructure to create a solid foundation for the economy. The government is offering high-quality broadband service throughout the whole country and improving its costs to make it more affordable.
Thailand was an early adopter of 5G with which it aims to become an internet hub where businesses can enjoy seamless network capabilities attracting domestic and foreign investors to the country. You can learn more about it through Netwyman Blogs as well.
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Grow The Thailand Economy With The Power Of Digital Technologies
The country aims to harness the power of modern digital technologies to take its economy to the next level. It aims to increase the overall competitiveness of the businesses, empower MSMEs in various sectors like service, manufacturing, and agriculture to compete at the global level and elevate the digital sector’s contribution to overall GDP to 25%.
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Introduce Equality And Quality In The Entire Society
The country aims to make sure that there is inclusive digital growth of the entire society where all demographics can access digital technologies regardless of any factor.
It aims to elevate the digital literacy rate among the masses and offer education, healthcare, and other necessary public services with the help of smart digital solutions.
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Ameliorate Government Processes With Digital Technologies
The government plans to use the perks of digital technologies and integrate the infrastructure in the public sector to meet the demands of people and businesses with better speed, accuracy, and convenience for all government services. Moreover, it wants to promote civil participation and transparency by offering access to government data.
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Develop A Literate Workforce For Sustainable Digital Growth
Thailand has realized the importance of a literate workforce for sustainable growth. The government aims to create new jobs and opportunities to encourage the young generation to take an interest in digital education.
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Promote The Usage Of Digital Technology
Thailand aims to foster the trust and confidence of the masses in using digital technologies. With the adoption of blockchain, AI, cloud, and other modern technologies, the country aims to improve the trust of the customer and stay updated with all digital laws and regulations.
Google’s Contribution To Thailand’s Successful Digital Transformation
There are three chief areas in which Google contributes to Thailand’s Digital transformation.
- Think With Google: It is a great initiative to impart excellent growth for businesses with access to amazing tools and data-driven insights for digital campaigns.
- Saphan Digital: This initiative is in collaboration with Thailand’s Ministry of Commerce to equip different SMEs with the necessary digital skills for more growth.
- Google For Startups Accelerator: South East Asia: This is the ultimate support by Google to help in the expansion of Thai start-ups internationally.
The Bottom Line
By now, Thailand has made noteworthy steps in spearheading digital transformation. With Google’s partnership and pragmatic government policies, this country is leading its digital operations in full swing.
Owing to all these consistent efforts, you will witness a completely transformed Thailand in the next decade.
