Unicorn may be hard to find as Thai SMEs are behind in digitalization

 

 

While most of Thailand’s neighbors have one or two unicorns to boast their success in digital transformation, Thailand is still looking for one.

 

One of the reasons that a unicorn is hard to come by is the fact that Thai entrepreneurs are slow in adopting to digitalization.

 

In 2017, only 28.7 percent of Thai companies used computer in their operation, despite an increase in tech adoption rate since 2012, according to the National Statistical Office of Thailand.

 

Small companies are less likely to use technology in the workplace. Only 25.7 percent of companies, with less than 10 employees and representing 95.5 of the total surveyed companies, used computer in their operation. Large companies fared much better as 99.7 percent of companies with over 200 employees have embraced internet technology in their operation.

 

Full story: https://www.thaipbsworld.com/unicorn-may-be-hard-to-find-as-thai-smes-are-behind-in-digitalization/

 

 

-- © Copyright Thai PBS 2019-12-02

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I think mangostickyrice.com and hansummanmassage are in with a shout?

Unicorns in Thailand are as hard to find as caring cops.

3 hours ago, webfact said:

Unicorn may be hard to find as Thai SMEs are behind in digitalization

Hardly surprising as Unicorns are described as privately held startup companies valued at over 30 billion baht. AS the name suggests, an extreme rarity under the current economic climate? Anyway it is about money rather than digitization. 

 

Yet many digital nomads love Thailand and are treated like criminals.  Can't see the forest, because all those trees are in the way. 

4 hours ago, webfact said:

One of the reasons that a unicorn is hard to come by is the fact that Thai entrepreneurs are slow in adopting to digitalization.

Be fair , a lot of these people are still swearing by amulets, seeing ghosts all day and getting lottery number from trees and two headed cows 

5 hours ago, webfact said:

Thailand is still looking for one

To be fair Thailand has had a unicorn for decades - the Military.

 

Fear of change, lack of English skills, passivity, ignorance, lack of quality education, laziness, lack motivation to further learning after formal education, ignorance of the outside world, inability to follow rules, lack of discipline...

Can’t be solved before the clock runs out ????

Most unicorns are founded by immigrants: https://www.cnbc.com/2018/10/24/unicorns-with-immigrant-founders-include-uber-spacex-wework-palantir.html

 

Guess who can't own a startup in Thailand? Yup immigrants.

 

Find the error.

 

 

Thai economic development has stalled. It is not longer an "Asian Tiger", more a floor rub.