Better data management would deliver ‘Bt 80-bn economic boost’
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Thailand is lagging behind many countries in exploiting data for upgrading business and economy, said experts.
"Should Thailand be able to better manage information by 20 per cent, it would create additional economic values worth Bt80 billion annually or GDP [gross domestic product] growing 0.82 percentage points,” said Somkiat Tangkitvanich, president of the Thailand Development Research Institute, at an annual conference entitled “Boosting the Thai Economy and Reforming the Government by Data Revolution”.
He said many small and medium-sized enterprises operated without accounting books.
Unable to use simple tools and adopt information technology, many Thais do businesses inefficiently, he said.
