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Thailand among countries  ‘ready for 4th industrial revolution’


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Thailand among countries  ‘ready for 4th industrial revolution’

By JIRAPAN BOONNOON 
THE NATION

 

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Naveen Menon

 

Thailand is one of top three countries in region at a stage of development to incorporate 4th industrial revolution (4IR) technologies. 

 

Oil and gas, chemicals and utilities are the top three industries adopting 4IR in the country.

 

Naveen Menon, Cisco’s president for Asean, said that manufacturing is a core driver of economic growth for the region, contributing about US$60 billion (Bt192 billion) or around 21 per cent, to the region’s 2018 gross domestic product. He expected it to double to $1.4 trillion by 2028.

 

Asean has about $250 billion to $275 billion in incremental value at stake by 2028, a 35-40 per cent increase in manufacturing value addition (MVA) from gains in productivity and unlocking additional revenue stream such as new products and quality improvements by embracing 4IR technologies.

 

He added that Thailand is one of the top three countries behind Singapore and Malaysia at a stage of development for 4IR readiness in the areas of technology and innovation, human capital, global trade investment, institutional framework such as government policy and support, sustainable resources and environment.

 

However, there are five key technologies that help the manufacturing sector adopt and transform into 4IR: Internet of Things, artificial intelligence, 3D printing, advanced robotics and wearable augmented reality and virtual reality.

 

“The rise of 4IR technologies poses a major threat to Asean manufacturing and its growth potential. Manufacturers’ low cost competitive advantage is being eroded as competitors in advanced economies use new technologies to achieve significant improvements in cost, speed, quality and sustainability,” said Menon.

 

Vatsun Thirapatarapong, managing director for Thailand and Indochina at Cisco, said that Thailand’s manufacturing sector could see an incremental growth of $50 billion over the next decade by embracing fourth industrial revolution technologies. Oil and Gas, chemicals and utility are the top three industries that are ready to adopt 4IR.

 

Source: http://www.nationmultimedia.com/detail/Corporate/30362234

 
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-- © Copyright The Nation 2019-01-15
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57 minutes ago, webfact said:

He added that Thailand is one of the top three countries behind Singapore and Malaysia at a stage of development for 4IR readiness in the areas of technology and innovation, human capital, global trade investment, institutional framework such as government policy and support, sustainable resources and environment.

Naveen, you must be joking if you think Thailand has any of those things, especially human capital. 

 

The problem with these conferences is that the speaker MUST say wonderful things about Thailand no matter how dishonest. Thais generally can't handle honest criticism. 

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1 hour ago, webfact said:

Oil and gas, chemicals and utilities are the top three industries adopting 4IR in the country.

And there lies the problem. How many Thai people are actually involved in those industries? Very few would be my guess. Where I live, which I know is still not a good indicator, most people are involved in agriculture (planting, picking collecting, distributing) which involves absolutely no Industrial Revolution. 

Plus, of course, if a huge number of Thais were involved in those industries you could kiss goodbye to sustainable resources and environment, never impediments to making profit. 

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2 hours ago, webfact said:

artificial intelligence

Theyre  going to need  "real"  intelligence first surely........

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2 hours ago, webfact said:

wearable augmented reality and virtual reality.

Wearable augmentated reality .! Hahahaha .. They've got that here anyway Aka Lao Khao goggles .. and virtual reality .. They'll be wrapping white thread and leaving red painted wooden Hampton wicks everywhere to keep the Phi of VR away .. 

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3 hours ago, webfact said:

He added that Thailand is one of the top three countries behind Singapore and Malaysia at a stage of development for 4IR readiness in the areas of technology and innovation, human capital, global trade investment, institutional framework such as government policy and support, sustainable resources and environment.

if only the internet would not go out during a slightest bit of rain.

 

or the electricity at the first sound of thunder.

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Thailand, hub of turd polishing

I still love it here but you have to laugh at these people who put out statements stringing every buzz-word they know together in a full time effort to justify their salaries.

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5 hours ago, webfact said:

Naveen Menon

Before he even thinks about artificial intelligence, why not coming forth with measures to fight natural stupidity? If the latter is caused by evil spirits, these guys may help:

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4 hours ago, webfact said:

Internet of Things, artificial intelligence, 3D printing, advanced robotics and wearable augmented reality and virtual reality.

Some of these things things are already up and running in Thailand and working well for certain enterprising people. For example, Internet of Things, augmented and virtual reality is being successfully used by online scammers in boiler rooms for attracting the greedy and the romantic needy.

In the meantime the Thai government can't even manage the simplest software to to save time and money. Everything is still done on paper with umpteen copies which is not really much further advanced from the age of parchment and quill pen e.g. Immigration Department.

 

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4 hours ago, Fex Bluse said:

Naveen, you must be joking if you think Thailand has any of those things, especially human capital. 

 

The problem with these conferences is that the speaker MUST say wonderful things about Thailand no matter how dishonest. Thais generally can't handle honest criticism. 

Pretty much sums up ASEAN whoever has the chair.....negative is not in their vocabulary!

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8 hours ago, webfact said:

Thailand among countries  ‘ready for 4th industrial revolution’

And then again, many countries are already past that on the way to post-industrial societies, with transition to a more service- and human-capital minded economy.

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Kiss  *ss speech.  Thailand does not have the educated human capital, reliability of government, proper infrastructure or any semblance of enforcement of any laws, rules or regulations.  So, you have an uneducated, or undereducated population that must be hired, lots of road carnage, lots of pollution, gridlock, unreliable government...why invest in Thailand?

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10 hours ago, Father Fintan Stack said:

Because labour is far cheaper than in the West thus larger profits can be made.

 

The food, weather and women are better too.

 

Any other questions?

 

 

I’m talking about corporations 😃

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