Cultivating future talents through STEM
The report looks at how executives think the government is performing in terms of supporting STEM skills (skills to reason and solve problems using math, science, or technology knowledge). Most Thai executives (81%) believed that the government should do more to support or train STEM professionals, and two-thirds of APEC executives agreed.
Q20: Do you think the government is doing enough to train STEM professionals in your principal economy?
Source: PwC’s APEC CEO Survey 2018
Thailand’s objectives for the digital economy are based on the Thailand 4.0 model, which incorporates interlinked initiatives such as EEC projects, establishing 100 smart cities nationwide and the transition from 4G to 5G technology.
These initiatives present tremendous opportunities for local companies. As Thailand doesn’t have a competitive advantage in terms of access to cheap labour or materials, companies that focus on innovation, AI technology, big data, Internet of Things (IoT), and agility tend be more competitive, capture bigger business opportunities and be more dominant in the market.
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