Internet of Things to drive the digital transformation of businesses and organizations in ASEAN

Singapore, 13 June 2017 – The Asia IoT Business
Platform series will be returning to Southeast Asia
for the fourth consecutive year. The
programs, which are organized by Industry Platform Pte. Ltd, will take place in
major cities across the region, including in Bangkok, Kuala Lumpur, Manila, and
Jakarta, in July and August. The programs will continue to facilitate the
digital transformation of enterprises and organizations in Southeast Asia. It
will also have an additional focus on addressing challenges and issues that
organizations face in adopting and implementing Internet of Things (IoT)
technologies.

The
prestigious programs will involve Government officials, senior business leaders
in the IoT and Machine-to-Machine (M2M) sectors, as well as local enterprises
that are looking to explore business growth and improved business efficiency
with IoT.

“We are
excited to return to major cities in ASEAN this year, after many successful
editions in the past couple of years. Since 2014, we have seen business
partnerships among stakeholders being forged to drive the IoT adoption growth
in the region. IoT developments are also apparent, especially in the different
smart city initiatives, and the different IoT projects implemented by local
enterprises. We are glad to witness these promising developments,” Irza
Suprapto, Director at Asia

IoT Business Platform, said.

The rapid
technological developments in Southeast Asia have led to great demands for IoT
technologies. A recent annual survey conducted by Asia IoT Business Platform on
local enterprises in ASEAN shows that more than 70 per cent of local
enterprises and organizations are currently in the process of exploring or
finding possible IoT solutions to be deployed or implemented. However, only 7
per cent of them report benefitting from any IoT implementation. Yet, this is
still an improvement from last year where only 4 per cent reported benefitting
from their IoT implementation. These enterprises and organizations cite cost,
legacy systems, and complexity as the top three concerns in adopting IoT.

Following
the great interest in IoT technologies but low benefits from implementation,
Irza noted that it is now important to understand the challenges
that enterprises face in trying to deploy IoT in their businesses.

“The
challenges that enterprises face in implementing IoT will determine how they view
the benefits of IoT implementation and in turn, affects the demand for IoT
technologies. Therefore, this year, we are inviting IT leaders of local
enterprises and organizations to share more about their IoT projects or their
digital transformation vision, as well as the challenges that they face in
deploying IoT. This is to ensure that their concerns and challenges will be
addressed and IoT adoption rates in the region will continue to grow, instead
of being stunted,” Irza added.

The Asia
IoT Business Platform series across ASEAN will feature a line-up of esteemed
speakers comprising IT leaders from local enterprises such as Sampoerna
Strategic (Indonesia), Garuda Indonesia, Bank of Thailand, Charoen Pokphand (Thailand),
Petronas (Malaysia), Tenaga Nasional Berhad (Malaysia), Philippine Ports
Authority, Metro Cebu Development and Coordinating Board (Philippines), and
many more.