Thailand ‘on digital transformation fast track’
By 2021, digital transformation will add an estimated US$9 billion (Bt282 billion) to Thailand’s GDP and increase the growth rate by 0.4 per cent annually, according to a business study released on Tuesday.
The research, “Unlocking the Economic Impact of Digital Transformation in Asia-Pacific”, was produced by Microsoft in partnership with IDC Asia/Pacific.
The study predicts a dramatic acceleration in the pace of digital transformation across Asia-Pacific economies. In 2017, about 4 per cent of Thailand’s GDP was derived from digital products and services created directly through the use of digital technologies, such as mobility, cloud, the Internet of Things and artificial intelligence.
“Thailand is clearly on the digital transformation fast track,” said Dhanawat Suthumpun, managing director of Microsoft (Thailand). “Within the next four years, we expect to see approximately 40 per cent of Thailand’s GDP to be derived from digital products and services.”