Tech For Good Institute’s Post

🚀 Unlocking Digital Success: Southeast Asia's Platform Economy 🌏💻 In the midst of a challenging news cycle, Southeast Asia's platform economy emerges as a beacon of digital success and socioeconomic development. The Tech For Good Institute's report highlights the transformative impact of digital platforms, contributing to infrastructure development and fostering real economic growth. 🌟 Key Takeaways: 1️⃣ Catalysts for Socioeconomic Development: Platforms actively invest in and contribute to Southeast Asia's digital economy, enhancing physical and digital infrastructure. They provide access, convenience, and growth opportunities for consumers and micro, small, and medium enterprises (MSMEs). 2️⃣ Scale and Benefits for All: Platforms offer widespread benefits, improving access, affordability, and financial inclusion for consumers, while enabling MSMEs to expand their customer reach at scale. 3️⃣ Challenges and Risks: Acknowledging the transformative power of the Platform Economy, challenges include issues related to competition, consumer protection, changes in the labor market, and addressing the digital divide. 4️⃣ Navigating Regulations for Optimal Impact: Southeast Asia should strategically chart its course in regulating the Platform Economy, balancing benefits and challenges. Finding the right regulatory balance is an ongoing exploration, reflecting a global trend. 💡 Unveiling the Success Formula 💡 Why do superapps and platforms thrive in Southeast Asia? While the Chinese growth model serves as a reference, the real success lies in overcoming physical infrastructure limitations. Digital platforms flourish at scale, building critical logistics and payment infrastructure, a significant feat in a region where infrastructure remains a persistent challenge. The positive collaboration between platforms and governments in Southeast Asia has translated into tangible GDP growth. The platforms' success story is not just about expansion but about contributing to real growth and elevating living standards. Southeast Asia's Platform Economy stands as a testament to the transformative power of digital innovation, fostering resilience and prosperity in the region. 🌐💪 #DigitalSuccess #PlatformEconomy #SoutheastAsia #TechForGood #DigitalInnovation

Singapore’s digital economy has been on an impressive growth trajectory, with its contribution to the country’s GDP increasing from 13% in 2017 to 17.3% in 2022. This remarkable expansion represents nearly a doubling of the value-added (VA), or economic contribution, surging from S$58 billion to S$106 billion during this five-year period. The insights into Singapore’s burgeoning digital economy come from the inaugural Singapore Digital Economy (SGDE) report, a collaborative effort between the Infocomm Media Development Authority (IMDA) and the Lee Kuan Yew School of Public Policy. The report aims to provide a comprehensive assessment of the state of Singapore’s digital economy, offering valuable insights into its evolution.

🎈You can read our Local Digital Index 2023 report and check out our key recommendations for stronger local tech economies here https://bit.ly/3ZQTiji The Local Digital Index, which has expanded significantly since its inception in response to the evolving tech landscape, offers valuable insights into key aspects of the UK’s tech ecosystem. This is a guide that describes the impact and value technology can bring to a region, showcasing its strengths and providing direction for development. Nick King from Henham Strategy said: "The Index is a vital tool for benchmarking regional performance." Read the full report below 👇 https://bit.ly/3ZQTiji #LocalDigitalIndex #StrongerTechEconomies #DigitalEconomy #DigitalSkills #DigitalAdoption #Innovation #Technology _________ 📅 Upcoming Nations and Regions events: Webinar: Local Digital Index 2023 recap – How can the UK’s tech sector strengthen local economies? 8 December Tickets here: https://lnkd.in/e5ECWAwi _________ 🎈𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗦𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝗟𝗼𝗰𝗮𝗹 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀 techUK champions the tech sector throughout the nations and regions. We have a strong network of regional stakeholders to whom we promote the value of the tech sector. We provide opportunities for members to promote their own regional projects and we simplify introductions between our members and regional stakeholders so they can collaborate on projects. For more information or to get in touch, please visit our Nations and Regions Hub and complete the ‘contact us’ form: http://ow.ly/Av7w50LHWmO

#ASEAN Deputy Secretary-General Nararya S Soeprapto highlighted three key areas to work towards getting the region's economy growth to reach its US$1 trillion target by 2030: 1. Ensuring digital inclusivity through affordability and accessibility of #digitalinfrastructure and services 2. Enhancing human capital through digital reskilling and upskilling enabled by public-private partnerships 3. A continued focus on the #decarbonisation strategy through digital policy implementation 🔖 Read more to find out what public and private sector speakers shared about at the Huawei Digital and Intelligent APAC Congress. Huawei The ASEAN Secretariat

Digital nations are modern societies where technology enhances daily life, boosts economies, and optimizes government operations. The concept revolves around creating an inclusive, tech-driven society that thrives on connectivity, digital literacy, and smart governance. One of the most notable examples of a digital nation is Singapore, which has set ambitious goals for becoming a world-class, tech-driven city-state. The country's Smart Nation initiative focuses on harnessing technology to transform how people and businesses live, work, and enjoy life. Singapore's approach to building a digital society emphasizes empowering its citizens, ensuring access to technology, and fostering digital literacy. The Digital Readiness Blueprint outlines how the government is making technology more accessible, improving digital skills, and encouraging widespread adoption of technology among individuals and businesses. The United Kingdom also serves as an example of a digital nation. The UK has consistently gathered facts and statistics about digital inclusion and exclusion, aiming to bridge the digital divide and create a more inclusive digital society. The country's efforts are focused on ensuring that everyone has internet access, a place to seek help with technology, and the ability to navigate the online world safely. Initiatives such as the National Digital Inclusion Network and the National Databank are designed to promote digital inclusion and address inequalities in access to technology. In the Arab and MENA region, the United Arab Emirates is a great real-world case study on how the country metamorphoses into a global business hub and more importantly into a digital nation using the digital. In emerging digital nations, the process of digital transformation can be challenging. These countries often have fragmented ecosystems, with individual digital initiatives in isolation rather than as part of a cohesive strategy. Overall, digital nations are characterized by their commitment to leveraging technology for societal benefits, fostering innovation, and enhancing governance structures. The success of digital nations depends on creating inclusive digital societies, driving digital economies, and fostering digital governments. Through strategic planning, collaboration, and a focus on digital inclusion, countries can harness the power of technology to create thriving, tech-driven societies that benefit all citizens. What innovative technology or initiative do you believe is most impactful in creating a successful digital nation? Share your thoughts below! #digitalnation #smartnation #techgovernance

Guided by the 2021 ASEAN Bandar Seri Begawan Roadmap, the ASEAN Digital Economy Framework Agreement (DEFA) — poised to be the world's first regional digital economy agreement — is timely. 🕰 However, despite the DEFA's ambitious goal to contribute an additional USD 1 trillion to the digital economy of the region by 2030, persistent challenges hinder the unlocking of Southeast Asia's digital potential. Explore insights from Ming T., the Founding Executive Director of the Tech For Good Institute, and Maria Monica Wihardja, an Economist and Visiting Fellow at ISEAS - Yusof Ishak Institute (ISEAS) Institute, as they delve into their perspectives on the ASEAN Digital Economy Framework Agreement (DEFA). 🖋 🔗 Read the full article here: https://lnkd.in/gtqNnmia #TechForGood #ASEAN #DigitalIntegration

🌐 Thailand is making strides to harness the potential of the digital economy, targeting a $100 billion market by 2030. With a strategic plan in place, the focus is on transforming government services, enhancing business competitiveness, and promoting digital literacy. Challenges remain, particularly for small enterprises and infrastructure, but partnerships and community building are key solutions. How can Thailand better support its digital transformation journey? Read more about the strategies and future plans here: https://lnkd.in/gbyYvG45 #digitaleconomy #digitaltransformation #thailand #innovation

Home to 480 million internet users - 80% of whom are digital consumers, #ASEAN makes up the world’s third-largest Internet-based economy. However, digital divide remains significant in the region. Public and private sector speakers at the recent Huawei Digital and Intelligent APAC Congress pointed to the importance of public-private partnerships for digital talent development and the #decarbonisation initiatives - ultimately to drive a “fair and equal” #digitaltransformation within the region.💫 https://buff.ly/3yb45eE Huawei The ASEAN Secretariat

In August 2023, the Tech For Good Institute hosted its Country Roundtable in Singapore with Advisor Mr. Siong Guan Lim. The Institute's Country Roundtables brought together thought leaders from the public, private, academic, and civil society sectors to discuss emerging and urgent topics on the future of the digital economy and digital society. 💫 Among other key issues like inclusion and equity, skills, safety, and security, the importance of innovation was also central to the conversation. Maintaining a culture of innovation and entrepreneurship was seen as vital, not just for Singapore to maintain its position as a forerunner in the region, but also to enable prosperity and sustainable development across Southeast Asia through regional cooperation. 💡 🔗 Read more at: https://lnkd.in/gybMsJYP Ming T. Wee Keong Ang Paul Cheung Han Ei CHEW (PhD) Gladys Chun Sun Sun Lim Yew Heng Lim #TechForGood #SoutheastAsia #Innovation

A big thank you to PC Tech Magazine running this piece and highlighting the crucial discussions and developments shaping Uganda’s digital future. Your support in spreading the word about our digital transformation journey is invaluable. I invite all you all to please check out the article and join the conversation on how we can collectively drive a more inclusive and innovative digital economy in Uganda. https://lnkd.in/dXhxrGsd #DigitalEconomy #Innovation #Technology #DigitalTransformation