Survey says Thailand has the highest number of enterprises exploring or using IoT

An announcement made by the Bangkok Post highlighted a survey conducted by Asia IoT Business Platform wherein Thailand led among the ASEAN countries with the most number of enterprises that are exploring and/or implementing IoT.

According to a survey done by the Asia IoT Business Platform, Thailand is the top country in the ASEAN where enterprises are exploring and/or implementing Internet of Things (IoT) solutions that will boost their productivity and innovation. Thailand ranked high because the enterprises were aware of the technology, thanks to government policy and investments in soft and hard infrastructures.

With 1,573 respondents from 5 countries in 2017, 89% answered that enterprises in Thailand are exploring and/or implementing IoT solutions. This is the highest in the ASEAN region. Following Thailand are Malaysia (86%), Indonesia (83%), the Philippines (80%) and Vietnam (79%).

The percentage of enterprises exploring and/or implementing IoT solutions in Thailand has increased to 92% in 2018. Holding the largest share, with 27.4% of overall industrial value is manufacturing since it is critical to adopt and deploy IoT to capitalise on the new economy.

Chief Executive of Asia IoT Business Platform at Industry Platform Pte Mr Irza Suprapto said that the figure in Thailand is not surprising because of the country has a lot of Industry 4.0 related projects.

Since manufacturing is the largest contributor to the economy of Thailand, having a high percentage is a positive signal according to Mr Irza.

He said, “There has been strong interest from local enterprises in Thailand to implement digitisation and IoT projects. The demand creates an ecosystem of innovation locally as it encourages investment by technology start-ups and established solution providers in Thailand.”

Data from the 2017 survey shows that 89% of Thai enterprises were exploring and implementing IoT. 42% of which were in the fact-finding stage, 25% in the exploratory stage while 22% have already implemented and/or benefited from IoT solutions.

Compare it with data from 2018, which shows that 92% of Thai enterprises are exploring and/or implementing IoT. 35% of which are in the fact-finding stage, 29% are in the exploratory stage while 28% have already implemented and/or benefited from IoT solutions.

Results also show that 26% of Thai enterprises have dedicated teams to implement digital transformation. 32% represented those that have already implemented digital transformation in at least one functional area within their businesses.

A press conference was held by the Digital Economy Promotion Agency (DEPA), under the Ministry of Digital Economy and Society (MDES), wherein they signed a Memorandum of Understanding (MoU) with Asia IoT Business Platform.

This is for the “Asia IoT Business Platform (AIBP) Thailand 2018” conference which aims to deliver the latest statistics from an ASEAN-wide survey covering enterprise digitisation. The 2-day event will be held at the InterContinental hotel in Bangkok on 24 to 25 July 2018.

DEPA President Dr Nuttapon Nimmanphatcharin said that the event is expected to facilitate local tech start-ups and help them connect with global players, especially those in IoT-related business ecosystem.

He said, “Working with AIBP will help local small businesses as well as start-ups obtain more opportunities to enter new regional markets, serving DEPA’s road map of digital knowledge exchange and development of innovative business.”

Director for Small and Mid-market Solutions and Partners at Microsoft Thailand Mr Tanapong Ittisakulchai said that digital transformation could add as much as US$387 billion to the economy of the Asia-Pacific by 2021.

He also added that business leaders across the region viewed IoT as one of the top tech priorities in achieving their digital transformation.

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