With an economy mostly based on production and tourism Thailand was doing relatively nicely on the world stage. As a tourist destination, it offered a look into the East for many with a western window. So you could experience true Eastern street food yet still speak English while acquiring it. However, the recent global events have left Thailand in need of a reset. The Global trends of tourism changed drastically over the last few years, leaving countries like Thailand with a very important decision to make. Either carry on in the hopes of attracting back its lost zeal or embrace a new culture of adapting new digital technology in Thailand. This blog will show you about the new digital technology in Thailand. Nevertheless, it is not without its challenges and generated opportunities.
What is Thailand 4.0?
Thailand 4.0 is the term one will hear everywhere in the country these days flashing around with more buzz than a Coke ad on a food court. Thailand 4.0 is the government’s initiative for adapting new digital technology in Thailand. It highlights the tax cuts and the other privileges offered to the locals to switch from their current state to the new proposed future.
A future that would use new digital technology in Thailand, across all of its existing industry, healthcare, education and production processes. Programs like the Digital Economy Promotion Agency (DEPA) foster the growth of the new digital technology in Thailand, encouraging start-ups, research, and development.
Current State of Thailand
For a country eager to adapt to all that is offered by the new digital technology. In Thailand, the scene is one of a young toddler eager to run but having trouble maintaining a standing pose. It has an overwhelming population that needs to be educated in the use of digital tools. Although there are new job opportunities mainly in sectors like e-commerce, fintech, digital entertainment, and manufacturing.
Thailand is cautious about not moving so fast into the realm that its population is not yet fit to undertake these roles and like in most countries they are filled up by foreigners coming in to fill them up further putting a strain on its economy with its own populous reduced to simply users. A common trap that has seen many a country fall victim.
Education and Workforce Development
As discussed above if the local population does not benefit from the new digital technology in Thailand as the earners and innovators it would be of little success and hence educational programmes bridging the skill gap and fostering innovation have been implemented across the nation. Expanding these programs will further integrate the new digital technology in Thailand.
Role of Educational Institutions and Tech Companies in Thailand
To vary the downfall of the very rapid use of new digital technology in Thailand the local education Institutions have been collaborating with local and international Technology giants and fintech companies creating internships and skill-based development courses, this approach ensures a steady pipeline of skilled talent for the tech industry.
Reskilling and upskilling programs are crucial to preparing the workforce for automation and AI-driven industries. With a local workforce filling the job market as they become available will ensure positive growth of the country as it embraces new digital technology in Thailand for economic growth.
E Everything
Besides the educational strata, the government is bringing the new digital technology in Thailand to its people by promoting better connectivity and making way for hi-speed digital networks offering affordable 4G and 5G networks, apart from house-to-house fibre optic digitalisation making way for high-speed internet in every home and an ideal candidate for the Internet of things to be implemented in everyday lives of its citizens to further familiarize them towards the changing trends.
E-commerce is popping up everywhere along with fintech solutions enabling more and more cashless transactions as new digital technology in Thailand becomes commonplace in everyday use. It remains to be seen how Thailand’s new digital technologies will continue to play a major role in determining the nation’s socioeconomic advancement and standing in the world.
Healthcare Advancements
A healthy nation is a happy nation, this is the main goal of the new digital technology in Thailand as it is making leaps and bounds of progress in the healthcare industry. The use of Artificial Intelligence in better diagnosis of conditions and the use of telemedicine subscription fulfilment are at the forefront of these technological breakthroughs already being implemented in the daily lives of the Thai community.
Conclusion
The positives that this blog will show you about the new digital technology in Thailand are not without its challenges and misses. Although Edu-development and international collaboration are fuelling the economy forward. The change from a traditional Village-based society to a cashless one is not a seamless one and certainly not without its challenges. The economic strain on society to connect more than 10,000 villages with high-speed internet aside: the challenges of strengthening cybersecurity and ensuring the privacy of its netizens are not going to be one without curve balls.
So, as mentioned before, the new technology in Thailand is zooming in for other countries with lessons learnt from other countries the government is cautious about not falling into the same potholes and drawbacks hence making the future of the country a promising one as long as it stays the course and maintains its heading towards benefiting its own populous, we should be seeing the birth of a shining star with the name of Thailand being once again that of an exotic destination if not for the same reasons as before but for as one as a country leading in the global stage of e-revolution.
