Less than two weeks ago, Alibaba Group co-founder Jack Ma revealed that he was in discussion with the Indonesian government regarding the possibility of opening an institute to train tech entrepreneurs in the country.
The Singapore government has hailed small and medium sized enterprises (SMEs) as being the driving force behind its economy, saying they make up 99 percent of all enterprises in the country and employ 65 percent of the country’s workforce.
While Industry 4.0, also known as the Fourth Industrial Revolution, presents a great many challenges to less developed frontier economies like Cambodia and Lao PDR, more developed countries in the region have not been spared as well.
It’s a given that while Industry 4.0 or the Fourth Industrial Revolution opens windows of opportunity for some countries, it provides challenges to others, forcing them to play catch-up.
Southeast Asia is a region that’s fast developing. It has evolved from an agricultural society to one of the fastest growing regions in the world within the span of a century.
The impact new technologies have when it comes to initiating change in the world has never been more apparent than during the last two decades. Ever since the advent of Web 2.0 in the early 2000s, technology has advanced rapidly.