February 28, 2024

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UK launches Digital Trade Network to seize opportunities in Thailand

The UK is launching a new Digital Trade Network in the Asia Pacific, to increase trade and investment opportunities, and to forge new international partnerships for the digital economy with Thailand and the wider region.

The three-year pilot scheme will run on a budget of £8 million (Bt314.3 million) and aims to support tech businesses as they seek to internationalise.

The scheme also aims to meet the growing demand for digital tech solutions after Covid-19 – from improving supply chain resilience to managing expanded e-commerce.

The UK Trade Commissioner for the Asia Pacific stated, “digital technology is more important than ever, delivering innovations that improve people’s lives and make businesses more productive – as we’ve seen through the Covid-19 pandemic.”

Strengthening the UK’s partnership with the Asia Pacific through this new Digital Trade Network will allow the country to create new collaborations, driving trade and investment and ensuring that everyone benefits from the best global digital innovation.

The UK tech scale-up experts will join the Digital Trade Network by extending their successful Entrepreneur Engagement Network internationally – in Japan, Singapore and Australia.

The network will support tech scale-ups in Asia Pacific interested in the UK market, by providing a direct link to key tech clusters across the country.

Making Thailand a leading digital economy hub

According to a report by OpenGov Asia, as the digital drive gains steam during the pandemic, Thailand must capitalise by turning into a global tech hub, the President of the Digital Council of Thailand (DCT) stated.

Another expert stated that the world is likely to recover fast after the outbreak subsides, due to globalisation and the push for technological and digital development.

A new economy will emerge as people’s behaviour changes. Thailand needs to prepare for transformation to the new economy, the expert, Board Chairman of telecom operator True Corporation stated.

Thailand must dare to change with the target of bringing the country to serve as the new technology hub of the world.

The DCT aims to push towards a new economy through five approaches.

First, new indicators for the country’s development must be sought. For example, the country’s digital infrastructure must not be gauged by the ratio of computers or mobile phones to the population.

There should be indicators of people’s capability in technological and digital access, such as English and Chinese proficiency, as new knowledge mostly comes from countries that use these languages.

Second, cooperation between state, private, academic and civic sectors must be created with a clear goal of pushing the country out of the middle-income trap.

In the past, they worked separately with different objectives.

Third, efforts must be made to create digital manpower through upskilling or reskilling of new graduates, currently numbering 500,000.

They must have new skills consistent with global demand.

Fourth, digitalisation must be underscored. Industries and start-ups must be alerted and prepared for fast change, particularly the adoption of digital technology within organisations.

Fifth, efforts must be made to turn Thailand into a trade and investment hub, drawing talent to the country from around the world.

A strategy must be laid out to enable Thailand to serve as the regional hub for investment.

To reach the goal, Thailand must have an ecosystem conducive to trade and investment, supported by technology and digital advancement.

And while talent from outside the country is needed, Thai universities should be encouraged to produce more technologically proficient graduates.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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