Thursday, December 05, 2019

SMEs witness gain from digital transformation

Nov 19. 2019
Piyaporn Ratanaprasartporn
Piyaporn Ratanaprasartporn
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By THE NATION

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Fifteen small and medium-sized enterprises (SMEs) participated in the first Smart Business Transformation Programme run by United Overseas Bank (Thai) and The FinLab, reaping positive results from digital transformation, according to UOB Thai on Tuesday (November 19).

The pilot digital solutions have helped to increase business efficiency, reduce costs, build a digital mindset and facilitate SME regional expansion.

The three-month programme was launched in Thailand in May after the success of the Singapore project. The programme was run by The FinLab in collaboration with the Digital Economy Promotion Agency, the National Science and Technology Development Agency (NSTDA) and the Office of SMEs Promotion (OSMEP).

During the programme, the SMEs reviewed their business models, identified opportunities for improvement and mapped out long-term digital transformation strategies. They were then equipped with digital tools and matched with specially chosen technology solution providers to pilot digital solutions to address their various business challenges.

“We are committed to helping SMEs innovate and transform digitally,” said Piyaporn Ratanaprasartporn, executive director and country head of Channels and Digitalisation, UOB (Thai). “Through the Smart Business Transformation Programme in partnership with The FinLab, DEPA, NSTDA and OSMEP, we have equipped these SMEs with the digital skills and tools they need to grow efficiently and to stay relevant in a digital economy. Tapping UOB Group’s established and integrated network, we will also be able to help these SMEs grow by connecting them to business opportunities across the region.”

 

 

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