By The Nation
The summit, under the theme “IoT, the Engine of Thailand 4.0 to Drive the Digital Economy”, will bring together government officials, international organisations and industry experts to share IoT innovations, and explore their contributions to the Thailand 4.0 initiative and the digital economy.
The summit, hosted by Huawei with the Ministry of Digital Economy and Society, the Digital Economy Promotion Agency and the Global System for Mobile Communications, will highlight global Internet of Things trends, its value to the economy and people’s lives, as well as shed light on IoT practices from around the world and at home.
During the event, the Thailand IoT Industry Whitepaper will be officially released, with the aim of guiding the development of the IoT startups and stimulating various industries in the country. Innovative IoT devices and services across smart city, smart industry, and smart liife from global and local vendors will be exhibited.
According to GSMA Intelligence, 114 Mobile IoT commercial networks have been launched globally as of May, and total global IoT connections may rise to 25 billion by 2025. GSMA Intelligence estimates that the Asia Pacific region will be the largest region in terms of revenues hitting approximately US$386 billion while global IoT revenue will quadruple to $1.1 trillion in 2025, driven by government promotions and strong industrial IoT connection growth.
“The Internet of Things is becoming the solid foundation for Big Data and artificial intelligence (AI), and indispensable part of the future 5G. Over the past years, IoT has played a more important role in Thailand’s digital transformation. Industry players from around the world and Thailand have been engaged in IoT development and application,” said Deng Feng, Huawei Thailand’s spokesperson.
In Thailand, IoT has become as an important engine for digital transformation and produced good social and economic values. Internet service providers have started to roll out their NB-IoT across the country. Use cases such as motor tracking, caring for children and smart parking are already at a commercial stage. Innovations such as smart meter have also entered a trial stage in Thailand.
During the summit, representatives of Huawei will interpret Huawei's IoT cloud service strategy and IoT platform solutions, with which partners can easily manage IoT products and monetise business opportunities.
Veni Shone, president of HiSilicon (Shanghai), will introduce the global developments and prospects of NB-IoT, and reveal the new opportunities that IoT will bring to Thailand.