The Digital Economy Promotion Agency (Depa) has commissioned Frost & Sullivan to conduct a technology foresight study of artificial intelligence (AI) and its implications for businesses in Thailand.
Scheduled to be completed by July, the preliminary study by the consultancy is expected to predict that AI technologies will have a disruptive impact on the economy.
Moreover, the potential for businesses to use AI in automation is estimated to be applicable in up to 55% of businesses in Asean.
According to the study, Thailand's economy is likely to grow by more than 5% with disruptive AI and digital technologies.
Frost & Sullivan foresees that AI will contribute to economic growth by creating competitiveness.
AI technology will also provide sustainable growth of the digital economy in Thailand. Thailand is already using AI for forecasting, rolling data, recommendations and predictive churns.
There are at least three applications for AI in Thailand.
AI can be used in cybersecurity, with intelligence based on self-learning algorithms that enable security solution providers to identify cyberthreats and prevention.
In engineering and manufacturing, use of AI is in image recognition algorithms, to determine the cause of any fault.
In healthcare, AI can be used to help review massive amounts of data, even for serious illnesses.
Depa is expected to sign a memorandum of understanding with Vidhyasirimedhi Institute of Science and Technology to establish an AI institution.
