Srettha’s digital hub plan encompasses preparing Thailand for 5IR

THURSDAY, FEBRUARY 29, 2024

Prime Minister Srettha Thavisin is eyeing foreign investment in cloud computing with a bigger goal than making Thailand a digital hub, a Thai representative said on Thursday.

Prof Narumon Pinyosinwat, a Thailand trade representative, said Srettha was planning to develop Thailand’s digital ecosystem and infrastructure to get the country ready for the 5th industrial revolution (5IR).

Narumon was clarifying Srettha’s digital hub vision announced on February 22.

She said Thailand’s 4th industrial revolution had been gradually taking place since 2010, when the country started embracing digital economy technologies, such as internet of things, robotics, blockchain, and biotechnology.

Srettha’s digital hub plan encompasses preparing Thailand for 5IR As part of the 4IR, the Thai government at that time upgraded the Information and Communications Technology Ministry into the Digital Economy and Society Ministry.

She said to get the country prepared for 5IR, the Srettha government has been trying to attract more foreign investments for developing the ecosystem necessary for embracing 5IR.

She said she has been following up on Srettha’s policy initiative to invite more foreign businesses to invest in data centre and data analytics in the country.

She said that during 5IR, the personalised economy would take the centre stage, as businesses would personalise their services for particular customers and data centres and data analytics would be essential for a personalised economy. Srettha’s digital hub plan encompasses preparing Thailand for 5IR