Bank of Ayudhya and Bangchak Corporation win Enterprise Innovation Awards at the 31st Edition of Asia IoT Business Platform

Both companies exemplify how Big Data Analytics and Artificial Intelligence are used to impact business operations as part of their overall digital transformation journey

Bangkok, Thailand, 25th July 2019 – Bank of Ayudhya, represented by Thammachart Rojanabenjawong (on the right) Vice President Head of Mobile Solutions Digital Banking and Innovation Division Bank of Ayudhya PCL, and Bangchak Corporation, represented by Mongkol Leksomboon (on the left) Vice President Digital and Information Technology Bangchak Corporation PCL,  beat out over 20 other nominees to clinch the Enterprise Innovation Awards, given Dr. Supakorn Siddhichai (in the middle), Executive Vice President of Digital Economy Promotion Agency (depa) and one of the key judges at the 31st edition of Asia IoT Business Platform (AIBP), held in Bangkok on 31st July & 1st August at the InterContinental Bangkok, Thailand. The event is being held in Thailand’s capital for the 5th consecutive year and focuses on the theme of Driving Digitalisation Ecosystems in Thailand. The awards are given out to local enterprises which have demonstrated an ability to use Digital Technology to enhance business operations. 

Focusing on the customer needs and experience, Bank of Ayudhya’s “Smart Advisor” project leverages on Artificial Intelligence to create a convenient digital service where advice is provided to help customers achieve their financial goals.

Bangchak embarked on its Digital Transformation program, BiG-D, which included projects such as setting up a pervasive wireless network to support a mobile workforce and Smart Plant Maintenance for operational efficiency.

Endorsed by Thailand’s Ministry of Digital Economy and Society, and co-hosted by the Digital Economy Promotion Agency (depa), AIBP focuses on Thailand 4.0 initiatives and shed light on the challenges that local enterprises and public service organizations face in adopting and deploying IoT and Digital Transformation projects, as well as the latest developments in Thailand’s IoT and information & communications technology industry. Every year, during in-country local activities, Asia IoT Business Platform recognises local enterprises which have embarked on the adoption of digital technology to improve their business processes. 

A recent survey, conducted by Asia IoT Business Platform (AIBP), of 1,624 Business & Information Technology professionals throughout Southeast Asia revealed that businesses in this part of the world are increasingly adopting digital technology to remain competitive. Only 8.4% of respondents believe that Digital Transformation is not present in their organisation, while 79.8% agree that their organisation is connected and uses automation, advanced data analytics and other digital tools for process/operational improvement.

There are many things to be positive about as Thailand’s population is one of the most advanced in Southeast Asia, ranking second only to Singapore in terms of access to, and speed of, the internet. The AIBP ASEAN Enterprise Digital Transformation Survey also revealed that 74% of business leaders in Thailand are content with connectivity options, compared to 48.6% in the Philippines, where connectivity infrastructure is still an issue.

Thailand has made both soft and hard infrastructure investments to ensure the country is ready for the new digital era. At the last AIBP, Ms. Ajarin Pattanapanchai, Permanent Secretary of MDES shared that Thailand has focused on setting up a digital foundation in industries as its short-term goal, and is looking to promote digital inclusion at a national level and provide equal opportunity for Thai citizens as part of its 20-year development policy.

Government agencies, like Digital Economy Promotion Agency (depa) have also launched several initiatives to help smaller firms take the leap in adopting digital strategies, such as:

1. Mini-transformation vouchers for firms to purchase technology products or services from depa-registered solution providers
2. The formation of a digital Infrastructure Fund to support firms with their      infrastructure development.
3. Courses including Digital CEO, Digital Community Boot Camp, UPSKILL SME have been conducted on a regular basis to educate firms in devising digital strategies

“One of our missions is to promote and support local enterprises in their industries and to help them develop new innovations. Over the past year working with AIBP, we have seen local Thai enterprises given the opportunity to share their current projects and challenges, and expose themselves to digitalization strategies of international players via trade missions and workshops in overseas markets within ASEAN. This is a good opportunity for us to understand how to help businesses more effectively in their digital adoption, and at the same time facilitate technology exchange with international partners,” said  Supakorn Siddhichai, Executive Vice President of depa.

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