Dr. Sutapa Amornvivat, Chief Executive Officer of SCB Abacus Co., Ltd., the pioneering leader in AI and Digital-Lending platform in Thailand, attended the “Thailand 2020s and Beyond: Building an Intelligent Society” dinner forum to share her vision on the future of Thai economy and society and how all sectors can contribute to making Thailand an intelligent society. The event was hosted by the Institute of Public Policy and Development (IPPD) and The Economist Intelligence Unit with a main objective of addressing the impacts of AI and automation on the future of Thailand.
Representatives from leading organizations in the government sector and private sectors, academic institutes and international organizations joined the forum to give speeches and exchange their ideas and opinions. Notable attendees included Mr. Danucha Pichayanan, President of the Institute of Public Policy and Development, Dr. Tossaporn Sirisamphan, the secretary-general of the National Economic and Social Development Board (NESDB) and
Mr. Stefano Scuratti, Regional Director of APAC Public Policy Consulting, The Economist Intelligence Unit, who presented the "Impact of AI on Thailand’s Economy and Society: Alternative Futures” report to the audience.
The panel discussion was joined by leaders of organizations including: Dr. Sutapa Amornvivat, CEO of SCB Abacus Co., Ltd., Dr. Kobsak Pootrakool, Deputy Secretary-General to the Office of the Prime Minister, Mr. Roongrote Rangsiyopash, President and CEO of Siam Cement Group PLC, and Thai PBS director-general Associate Professor Dr. Vilasinee Pipitkul.
Representatives from leading organizations in the government sector and private sectors, academic institutes and international organizations joined the forum to give speeches and exchange their ideas and opinions. Notable attendees included Mr. Danucha Pichayanan, President of the Institute of Public Policy and Development, Dr. Tossaporn Sirisamphan, the secretary-general of the National Economic and Social Development Board (NESDB) and
Mr. Stefano Scuratti, Regional Director of APAC Public Policy Consulting, The Economist Intelligence Unit, who presented the "Impact of AI on Thailand’s Economy and Society: Alternative Futures” report to the audience.
The panel discussion was joined by leaders of organizations including: Dr. Sutapa Amornvivat, CEO of SCB Abacus Co., Ltd., Dr. Kobsak Pootrakool, Deputy Secretary-General to the Office of the Prime Minister, Mr. Roongrote Rangsiyopash, President and CEO of Siam Cement Group PLC, and Thai PBS director-general Associate Professor Dr. Vilasinee Pipitkul.
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Dr. Sutapa Amornvivat offered her take on the outlook of Thailand’s socioeconomic status and a guideline for the country to move toward the intelligent future.
“Today, every country including Thailand is facing economic and social challenges due to several factors, forcing us to prepare ourselves for changes. Leading organizations should set themselves as a role model and show leadership in terms of seeking new opportunities to foster a growth in the digital economy era. Priority should be placed on investment in technology as it is the new engine of the economy that will replace the traditional ones that are starting to stale and no longer unable to generate sufficient income for Thai people,” said Dr. Sutapa.
She added, “During the next decade, Thailand will have to focus on skill development in order to enable individuals and businesses to adapt to the rapidly changing technology landscape while creating an environment that promotes fair competition for both existing and new players in the innovation industry, especially in an age where big players are likely to have access to more advanced technology. The government must step in to provide private players with infrastructure that helps improve their ability to innovate and issue regulations that promote investments, new businesses, employment, value creation for jobs and productivity. In the future, startups, will become more relevant in various industries, while organizations will increasingly leverage big data to improve their operation as well as products and services that meet the needs of consumers. Data will become a powerful and intelligent resource when shared across industries in the form of sharing economy."
As the head of a leading company in big data and AI, Dr. Sutapa concluded, “We strive to create a better future for Thailand by focusing on data democratization – utilizing alternative data and AI technology to provide individuals and businesses with loan services through our mobile application which is the first-ever fully digitized lending Appin Thailand. With every step of credit assessment and analysis being digitalized, the platform is able to connect low-income individuals and those without fixed salary to a loan with a fair interest rate. We strongly believe that the power of data sharing will bring maximum benefit to data owners and help make Thailand an intelligent society.”
“Today, every country including Thailand is facing economic and social challenges due to several factors, forcing us to prepare ourselves for changes. Leading organizations should set themselves as a role model and show leadership in terms of seeking new opportunities to foster a growth in the digital economy era. Priority should be placed on investment in technology as it is the new engine of the economy that will replace the traditional ones that are starting to stale and no longer unable to generate sufficient income for Thai people,” said Dr. Sutapa.
She added, “During the next decade, Thailand will have to focus on skill development in order to enable individuals and businesses to adapt to the rapidly changing technology landscape while creating an environment that promotes fair competition for both existing and new players in the innovation industry, especially in an age where big players are likely to have access to more advanced technology. The government must step in to provide private players with infrastructure that helps improve their ability to innovate and issue regulations that promote investments, new businesses, employment, value creation for jobs and productivity. In the future, startups, will become more relevant in various industries, while organizations will increasingly leverage big data to improve their operation as well as products and services that meet the needs of consumers. Data will become a powerful and intelligent resource when shared across industries in the form of sharing economy."
As the head of a leading company in big data and AI, Dr. Sutapa concluded, “We strive to create a better future for Thailand by focusing on data democratization – utilizing alternative data and AI technology to provide individuals and businesses with loan services through our mobile application which is the first-ever fully digitized lending Appin Thailand. With every step of credit assessment and analysis being digitalized, the platform is able to connect low-income individuals and those without fixed salary to a loan with a fair interest rate. We strongly believe that the power of data sharing will bring maximum benefit to data owners and help make Thailand an intelligent society.”
