"Big Data"

The New Economy Academy (NEA), an agency under the Commerce Ministry’s Department of International Trade Promotion (DITP), says it will use AI and Big Data to promote SMEs and analyse the demand of foreign consumers based on their behaviours, trends and cultures.

Deputy Prime Minister Jurin Laksanawisit said this week the Commerce Ministry he runs and the Ministry of Agriculture and Cooperatives had discussed creating Big Data centres to manage supply and demand in agricultural products at the national, provincial and regional levels.

The Office of Industrial Economics (OIE) will improve its services to Thai entrepreneurs by adopting Digital Single Form and Big Data systems with effect from January in line with the digital government policy, Tongchai Chawaritpichet, OIE’s director, revealed last week.

Krungsri Finnovate, the venture capital arm of Krungsri bank, in conjunction with TQLD, a company under TQM Corporation Public Limited, and THS Growth, have invested in the 1st round series-B investment in Baania (Thailand) Co Ltd with an investment target of US$10 million (Bt 320 million).

Phimchanok Vonkorpon, director general of the Commerce Ministry’s Trade Policy and Strategy Office, has launched a project in which data will be collected on rice, palm oil, rubber, cassava and corn production in the country.

Finance Minister Uttama Savanayana said on Friday that the ministry would use blockchain technology and big data to manage welfare cards, which currently cover 14.5 million people.

ABEAM Consulting (Thailand) Ltd’s newly released whitepaper examining the role of Big Data in Thailand’s financial services business found that 73.2 per cent of the businesses are studying Big Data and Predictive Analytics as a tool to respond to their challenges, and to enhance their ability to prepare for the unprecedented challenges that lie ahead.

THOUGH all five rounds of the 2019 Thai University Central Admission System (TCAS) have been “highly successful”, more than 200,000 seats are still vacant, reflecting a serious need for Thai universities to improve, Council of University Presidents of Thailand (CUPT) chairman Suchatvee Suwansawat said on Sunday. 

SOUTH KOREA’S Samsung Electronics has scouted globally renowned technology experts in an effort to strengthen its new future businesses, including artificial intelligence, big data and robotics, the company announced Sunday.

THAI INSURANCE broker TQM Corporation Plc is launching eight projects this year as part of its digitalisation strategy to increase its efficiency in serving customers.

FOLLOWING on the heels of its announcement of a new high for its multi-platform commerce (MPC), RS has now said it will keep the momentum going by expanding its Big Database through arrangements with digital TV partners.

Krungsri Consumer, the credit card and personal loan business, is joining hands with HomePro, the home solutions and retail construction business, in utilising big data to assess customer demands and revamp the business model.