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00:00 The COVID-19 pandemic has made the digital transformation
00:03 more clear,
00:05 especially the SME business
00:06 that has to admit that it can't avoid this transformation.
00:11 And to prepare the Thai SMEs
00:14 to overcome this change without any hesitation,
00:18 today we will take you to explore
00:20 how to connect SMEs with innovation
00:23 to build sustainable business in ASEAN Connect.
00:26 [Music]
00:30 The Middle East and South-East Asia SMEs
00:34 are said to be worth 35.6% of GDP in Thailand
00:40 which is very high.
00:41 But it turns out that more than 3 million Thai SMEs
00:44 are used for research and innovation
00:47 with very low or less than 1% business transformation.
00:51 The Ministry of Industry and Trade
00:54 has said that there are 4 factors.
00:56 The first is lack of awareness.
00:58 The second is lack of capital.
01:01 The third is lack of various commercial channels.
01:04 The fourth is lack of both human resources,
01:06 both technology and digital tools in modern times.
01:09 While there is a survey
01:12 ASEAN SME Transformation Study 2022
01:15 of the Ministry of Business, Innovation and Employment
01:16 said that 50% of Thai SMEs
01:19 want to change their business model
01:21 to more digital.
01:23 The storage of various documents
01:25 and the use of digital data
01:27 using cloud computing technology
01:29 will help reduce the use of resources.
01:32 On the other hand, using e-payment
01:34 makes money management more convenient
01:38 such as lending or asking for credit.
01:41 On the other hand, we will see
01:43 ERP accounting software
01:45 or tax service providers
01:47 that are more diverse.
01:49 For SMEs in logistics industries,
01:52 both storage of goods,
01:54 the cost of operating goods,
01:56 the cost of logistics,
01:58 and the cost of shipping goods
02:00 can be used to develop technologies
02:02 that can be used in business.
02:04 For example, Internet of Things or IoT
02:07 that connects the shipping system
02:09 to the Internet.
02:11 In the future, it can also be developed
02:13 into robot technology
02:15 including the driverless vehicle
02:17 to reduce the cost and the workload
02:20 and increase the efficiency of work.
02:23 And for blockchain technology,
02:25 there will be DLT or Distributed Ledger Technology
02:28 that can help collect data
02:30 and manage products
02:32 in many ways.
02:35 It will increase the transparency
02:37 between the shipping process
02:39 and prevent fraud
02:41 and reduce the time of repetitive operations.
02:45 PricewaterhouseCoopers or PricewaterhouseCoopers
02:48 is a world-class accounting company
02:50 that says that blockchain technology
02:52 will have a great impact on logistics industries
02:55 whether it's about increasing efficiency,
02:57 transparency, and repetitive operations.
03:00 At the same time,
03:02 it is a safe supply chain
03:04 that can check the source of goods
03:07 and increase the value
03:09 for logistics business.
03:11 Therefore, businesses should put
03:13 the foundation of blockchain technology seriously.
03:16 For SMEs,
03:18 although they want to build business efficiency
03:21 by increasing growth,
03:23 they have to limit the amount of investment.
03:27 This is a weakness that makes them
03:29 lose out to large companies
03:31 that have more budget,
03:33 less amount of research and development.
03:35 The idea of sustainability
03:37 also affects the work of SMEs.
03:40 We have to create sustainability
03:43 in the business sector
03:45 whether it's using digital tools
03:47 or technologies related to the environment.
03:50 This is also an increase in competitiveness
03:53 and increase the efficiency of business.
03:56 The UOB Bank of Thailand and The Finlabs
03:59 are the leading institutions
04:01 for innovation development under the UOB Bank.
04:04 They have always been aware of this problem.
04:06 Therefore, they have supported Thai SMEs
04:09 under the Smart Business Transformation project
04:11 since 2062.
04:14 The UOB Bank has already supported
04:16 Thai SMEs for more than 1,000 years.
04:19 For SMEs that want to use technology
04:22 in their business
04:24 to meet the needs of transformation
04:26 and competition from large companies,
04:28 having a common ground
04:30 is a way to help
04:32 SMEs find the right technology
04:35 to manage and train.
04:38 Experts are always welcome
04:40 to give advice and support
04:42 to SMEs.
04:44 This is how we can build a strong community
04:47 that can move forward
04:49 in the future with confidence.
04:52 [Music]