Thailand is the destination of nature, attractions, major food items, and delicious sea foods. But, currently Thailand is also popular due to multiple technological developments. Almost every sector is growing with advanced changes in almost every side of technology. This blog will show you about the new digital technology in Thailand including significance, impact of new technology in Thailand, what impact technology gives to the country, some tips & smart techniques to grow the business, etc.
Rise Of Technology In Thailand
Having tourism as a major part of its economy, Thailand is growing with advanced technologies which the world needs. There are a number of software trends, updates, and more in different internet technologies. Even Abel Dang, CEO of Huawei Technologies shared that Thailand is in the list of most advanced countries in Asia in terms of rolling out 5G as their growing technology. Thailand has been working into the Food and Beverages sector mainly which is significantly adding its own contribution to its GDP. But as far as business potential is concerned Thailand’s IT industry is growing due to advancement made in AI too.
This Blog Will Show You About the New Digital Technology in Thailand
Like we mentioned above, Thailand is developing with multiple new technologies. But, this blog will show you about the new digital technology in Thailand which is even ruling over the world. There is a severe demand of people who need to indulge into it along with updating themselves for the latest technology.
Artificial Intelligence
Artificial intelligence has made itself a whole new world which is quite competitive yet creative for the betterment of people. The Thailand government initiated a national program like AI Thailand which aims to develop AI Infrastructure, ecosystem, and human capacity to enrich economic growth and competitive feelings.
The Thailand IT Industry is also evolving with AI ethic’s guidelines including academia and private industries. These government regulations emphasize equality, sustainable growth, and fairness. The government also integrated growth of 10% in AI investment policies and worked on a 30,000 increase in AI professional workforce. With all these plans and multiple other solutions, their goal is to achieve US $117 GDP from AI technology and its modules.
Machine Learning
Machine Learning is a growing sector with a huge number of developments and startups underway Training. ML courses are present in Thailand in both online and offline ways to cover the basics and more premium tools such as deep learning. The Machine Market is expected to increase significantly with a compound annual growth rate of more than 18.7% targeted by 2030. Even in 2022, Thailand Government verified the National AI Strategy and Action Plan (2022-2027) to promote AI growth and application. The planning aims to add an effective ecosystem for AI, improving the economic situations, and enrich quality of life. Thailand’s Machine Learning Market size is expected to reach US $0.4 by December 2024. The market size is expected to represent an annual growth rate of around 36.13%, which would take their market volume of around US $2.6 by 2030.
Cloud Technology
Cloud Computing is a major art of Thailand’s digital transformation which was created to make Thailand a regional digital economy hub. Thailand IT hub designed a pillar of Thailand’s Ignite Vision where the policy aims to support cloud computing services based on utility based models. The cloud computing companies can help multiple businesses save money, improve data security, and expand their applications. Meanwhile, Thailand has supportive rules and regulations for cloud computing service providers including cloud deployment could still be challenging. Cloud computing users are concerned about security and might only use cloud services if they are pretty confident that their information is safe.
Many Thai based businesses are using cloud computing and edge computing techniques. As per a survey of 2023 the studies showcased about 65% of medium to larger sized companies in Thailand uses cloud services. Thus, this sector is growing from 20-30% adoption rates.
Bolstering Cybersecurity
Thailand has a comprehensive cybersecurity network that consists of legal measurement areas, new cybercrime values, and draft cybersecurity standards. The government has introduced new cybercrime measures for banks and other service providers. It has also built a cybercrime department within the criminal court. The government has generated draft cybersecurity standard values for cloud services that are applied to government agencies, regulating companies, and cloud service providers.
Enriching cybersecurity is vital in Thailand as it safeguards network and data, prevents malware and viruses, and limits hackers. It also helps to increase investor’s confidence in the economy, creating jobs and ensuring other sector’s growth. Some of the cyber threats that individuals and organizations in Thailand face consist of System Hacks, Ransomware attacks, Spam Calls, and Phishing scams as well.
5G Technology
In Thailand, 5G was launched in pre pre-2020 era following the 5G Auction in February 2020. As of the end of 2021, 5G network covered 76% of Thailand’s population and the number of 5G connections reached around 4.3 Million users.
5G is present in Thailand and is being used by other providers including AIS, Truemove, and DTAC. As of March 2024, AIS served the best 5G Availability in Thailand, with users who have 5G Connection in 29.6% of the time duration. 5G covers more than 80% of Thai population while, at the end of Q2, around 7.3 Million subscribers of the two renowned service providers. Renowned Software companies like Ericsson, Dell, Samsung entered the Thailand Market with their unbeatable plan of launching 5G Technology.
Impact Of New Technology In Thailand’s Different Sectors
All these smart technological launches and growth of new digital technology have their own impact on people belonging to several industries. Here we are briefing you on what impact these technologies have:
- Healthcare Sector
Telemedicine and medical departments help patients get their medicine without traveling and harming their bodies. This is a useful and grateful impact of technologies for people who live in a remote location and where they have access to doctors which is limited. Maintaining patient’s records. However, the involvement of electronic health records has seamless patient data management.
Education Sector
Education is the basic requirement that everyone needs and must get it. It shapes the youth for their upcoming life and for the next generation too.There are multiple smart developments being made in the educational sector such as learning games, live attendance records, online test or assignments, LMS options, and more. Students of both school or college prefer e-learning solutions as they are more interactive and creative.
Startups and Fintech
Startups and Financial technological companies help to make several digital innovations such as e-wallet applications and blockchain technology. These fintech companies help to connect with blockchain technology in several industries such as banking, healthcare, supply chain management, etc. A Blockchain network is secured and cannot be hacked into. It keeps your data safe while ensuring 100% transparency. This Blog Will Show You About the New Digital Technology in Thailand gives best result is it is effortless to organize and access.
Advancement In e-Commerce
Digitalization has expanded the e-commerce sector in the country. With more and more people required to buy things online, rather than leaving their homes. Businesses can simply track parcels while collecting payment digitally once the package is delivered. Like paywall integration and delivery agency integration on the website. The digital technologies build trust and a base of efficient yet transparent delivery procedure.
Virtual Payments
Payments are now super easy to make with a single click on Thailand. Citizens prefer using digital rather than old means as it’s quick and faster. QR Code payments are seen and accepted all over the nation by a lot of businesses. They have more features to pay digitally than using a card or making cash payments. However, with a card, you have to worry about taking care of it and not losing it, whereas digitally you are secured even if you lost your mobile phone. The Thai Government has further encouraged their citizens to use this payment type to achieve their national economic goals. Thailand 4.0 which helps to enhance the way of life.
Logistics and Transportations
The Thai government has taken a lot of initiatives to make Thailand a self-dependent and leading country in terms of digital growth with latest technological advancements. These are the Thailand 4.0 model, which is part of their economic policies which aims to help Thailand to grow its quality of life along with new digital technology which are being popular. In terms of logistics, keeping insight on your orders including different products and services are usually done with AI, ML, and the latest computing language.
Positive & Negative Impact Of Digital Technology In Thailand
Every smart thing has some positives and negatives with its usage so this blog will show you about the new digital technology in Thailand covering different sorts of technologies. Here, we are sharing some insights on the positive and negative of different technologies:
| Positives | Negatives |
| Keep Track Of Logistics and Products | Might be risk of getting identity revealed |
| Keeping record of every data | Might be threat of data leak |
| Broad Information is Accessible | Risk of Unemployment |
| Efficient Connectivity | Dependency On Technology |
Tips To Build Your Business In Thailand
Below are some tips and techniques that will help you build a successful digital business in Thailand in 2024,
- Identify who your target audience is, and accordingly, decide which social media platform you should focus on.
- Facebook, Instagram, and LINE are the most used platforms by users in Thailand. So we recommend you run social media campaigns on these platforms and participate in influencer marketing.
- Create content that is relevant to your brand and make sure to search for organic keywords. In the Thai language while keeping in mind Google’s guidelines.
- Email marketing is your best companion to grow on the web and targets the potential user to your website or product information.
- Most importantly, optimize your handles and monitor analytics frequently to evaluate which one is working best for you.
- If you use these tips to grow your business. It will not only impact your credibility but also help in getting loyal customers.
Future Integration Of Technology With This Blog Will Show You About the New Digital Technology in Thailand
With the rapidly growing technologies and getting a new innovation in future Thailand is expected to receive a huge surge in its evolution with technology. For better understanding, we are sharing glimpse of our own thoughts in which Thailand might grow with the advanced internet technologies:
- Advanced Artificial Intelligence: AI helps in many things, like communicating with customers, route optimization, diagnosing and analyzing diseases, marketing, etc. Most importantly, they are trying to integrate AI for fraud detection.
- Fintech: Fintech has been a game changer, with e-wallets helping efficiently, and it has no age limit. Using blockchain to decentralize finance, and creating AI bots, as well as e-KYC to ensure security.
- Government Virtual Initiatives: The Thai government wants to maintain full transparency with its citizens. Also, enables people to pay taxes and get passport renewals from the comfort of their home. They are also conducting a virtual voting test.
- Internet of Things (IoT): Internet of Things are devices that easily connect to other things like sensors, smartwatches, etc. They are using sensor networks to monitor crops. Also, drones are used to analyze issues, without actually going there.
- Startup Ecosystem: With Bangkok being the technology hub for Thailand, we see a lot of co-working spaces being rented out. Also, a lot of graduates apply to these startups, and even the government offers research grants, tax incentives, and more.
Summary
This blog will show you about the new digital technology in Thailand and we have showcased almost every aspect in which Thailand is currently working, can grow in future, impact of the new developing technology in Thailand, and more. With the help of this blog our motive was to update you on the recent ongoing impactful areas. Hope you read our ideas and liked the same.
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FAQS
- What technology does Thailand have?
Thailand currently has almost every technology they are a bit behind in AI. But as their government’s new policies, they will develop that also.
- What is the digital strategy of Thailand?
To work in AI, ML, and cloud computing programs for increasing their GDP by 2030.
- What is new in digital technology?
Artificial Intelligence is the new digital technology which is becoming popular due to its advanced skills.
- What are the top 3 industries in Thailand?
5G Technology, Tourism, Food are the three top industries of Thailand.
