Big Data will become driving force for economy, Sontirat says

Economy July 27, 2018 01:00

By The Nation

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COMMERCE Minister Sontirat Sontijirawong has shared his insights into the potential for Big Data to become a driving force in the economy.



Sontirat said the processing of vast amounts of data could generate increased purchasing power among people at the grassroots level of the economy, while creating job opportunities for people in a regional areas and helping to develop small and medium-sized enterprises (SMEs) through appropriate training based on individual skills. They can use such skills to improve their businesses for the 4.0 era and prepare themselves for the international trading arenas, he said.

In additions, Big Data is being used to improve the work of the ministry by integrating the internal and external data links with a view to promoting Thailand’s trade and generating more revenue to help the country reach its goals. All of these goals can be achieved through the development of Big Data, an unprecedented feat being undertaken by the Ministry, Sontirat said. 

“The Ministry of Commerce, the economic administrator of the country, wishes to see concrete results from the implement and is always aware of the importance of Thai economic development in the digital age, a beneficial factor that could help Thai economic grow stronger in the long run,” Sontirat said. “Big Data will be a new driving force for the local economy and reduce social disparity because the data will be processed and suitable jobs for the regional people will be selected and summarised.”

“The Ministry also realises the importance of knowledge building aimed for the people and SMEs, which can be attained through systematic training that is taught step-by-step from start-up business to international trades and based on individual skill. Furthermore, the Ministry is integrating the data and training curricula of all the departments of the ministry to eliminate, if any, the duplication of curricula, resulting more effectiveness and efficiency in doing business among those who graduate the courses.” 

He said the Ministry is using Big Data to promote international trade by integrating all data received from the international department of the Ministry, which can be processed and shown in real-time.

“Such information can also be used by the management for making decisions and establishing the international trade policy and for tracking, pushing, and creating more opportunities in international trades to help the country achieve the goals,” the Minister said.

“These examples are just the beginning of the implementation of Big Data, which can empower the work of the Ministry of Commerce focused on three goals: facilitating public services; reducing working procedures of the Ministry’; and helping to make decisions and create policies and strategies for developing and adding value to the national economy. 

“Big Data, therefore, is a promising solution that can turn scattered, unusable data into valuable information, which can used for making decisions and establishing clearer and more effective policies and working guidelines for the Ministry of Commerce. What follows definitely are the great benefits that will fall to the people at all levels, from the provincial to national.”