Covering Disruptive Technology Powering Business in The Digital Age

The industrial sector is being pushed to transform itself according to technological advancements enabling its entry into modernity and the Industry 4.0 era

Thailand’s Deputy Prime Minister Somkid Jatusripitak said  that the move following the progress made by the Ministry of Industry on the establishment of InnoSpace Thailand, with concrete progress expected in May on its location which should be conveniently connected to the network of innovative and technological industries within the Eastern Economic Corridor (EEC) project; on the clarity of executive members who will come from domestic and international private firms, educational institutions, and government agencies; and clarity in the main operational strategy supporting research, technology, and innovations among startup businesses.

The deputy prime minister urged the Ministry of Industry to find measures to encourage or force key industries to transform themselves with technology in order to fully implement digital technologies such as artificial intelligence and big data to help improve productivity, and encourage SMEs to understand the importance of business transformation using innovations and technology. He specifically instructed the Ministry of Industry to deploy young officials to work on these tasks.

On workers’ skills management, the Ministry of Industry has been instructed to work with the Ministry of Labour and educational institutes to create clear occupational skills development guidelines focused on digital skills, helping support an increase in minimum wages in the future.

On the development of industrial estates, DPM Somkid has assigned the Industrial Estate Authority of Thailand to make a survey for suitable areas for industrial estate development and come up with a 5-year development plan promoting the connection with EEC, and the development of new, world-class industrial estates in more areas.

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