make like
I teach
look
yoohoo
for
love to sew Sanders to
but all back to allocate a lot of people to a newton
we call it
Beijing Sub Center
but
first
what's the pillar industry for its Newton
second
how we can balance
between economy
and a space your balance and environment
we suggest our government to install Sanders alongside the history
historical canal
all the visitors
can use VR or v o r reflect
so if historical buildings
or it is it used to be that building used to be governmental building in town Dynasty
or Song Dynasty
when they are enjoying the special experience
their preference data has been connected to
Urban operations center
and the other data
like a transportation where the condition
all population density are also collected to our Urban Operation Center
roasted
to merchants
for the accurate marketing
so the government for your planning
and
smes
uh emerging
based on those data
and a 4 chain is sent to a government
we suggest them use this way to transfer the economic development
from land finance
to data
Finance
from
demand driven economy
to supply driven economy
besides industrial challenge
well also facing the strategy from environmental pollution
and the population Gathering
relying on our Smart City applications
people cannot
of some Center
use this way to relieve the pressure of population Gathering because people can enjoy
the Public Services
in the downtown like healthy
medical or education or shopping
we are integrate integrating different
plannings make people can stay in several times
Seth returns
use this way to to relieve
prior of downtown
keep balance
our
principal
is a digitalization
stories tons
mayor
from Germany prior to Shane Jane
ask me
how can we develop sustainability
District
are locating between the biggest river Ryan River
and the busiest
airport Frankfurt
all kinds of developer senior geologically
after analyzing the air condition
we find that we are facing the challenging
population structure
from from this information we can find that compared with the other
cities are the most important nearby
this 3 cities the pillar industry is manufacturing and
dear economic growth
it's almost just a 2 percentage
is a relatively low
as for the population
the structure
more inserting 5 percentage of the population
uh 165
years old or above
and less than 10% of their population
hold the bachelor degree
or above so
zero population structure
unable it's unable to support
and please just go I mean high tech
industry
so
we suggest there is 3 mayors
considering their status quo condition
actually Zia connected by the traditional infrastructure
River
Hiway
and from 14 to 16 percentage of the population
those residents they are commuting
from the Hopton to Frankfurt
so yeah connected by input structure
and by commuting and
in this 3 tons
zero Industries
Manufacturing
or service or Logistics the intersected as well
we succeeded them we success to them
connect
lighting power
their call
their ebike
when they are driving to their home
they can receive the message for a minute home
somebody will be visiting your home and a package has been already sent to their home
and they can find available parking space
and the electrical cost
need to be recharging
use this way I mean digital digitalization
connection to connect Enterprise home and the City
use this way
to tackle the challenge
of the Aging society and they need more Talent actually
in Thailand
we are facing the same challenge
the first principle
for all plannings
we have to consider uncertainties
but how can we transfer
negative impacts to positive impacts
first
we have to consider technological uncertainties
technology
year by year we have to keep space for their development
our Thai government we spend much money for our next generation or at least 3 years later
we will waste a lot of money
second
we have to consider operational uncertainties
our communication operators
can you 5G
to benefit from
data plan
but actually
g2d development of edge computing
technology
Urban residents
can be real time interacting with the iot system with the urban parts
and use this way it companies can find their space
and I use this way
City companies
can reshape the business models
for the more
is there any doubting is our future desert a lot of
distinguished guests have mentioned that
however
can you imagine if we
the most valuable address in downtown
a banker
what's our potential growth
for our next generation
so we search suggest our Thai government
to set up
but um but I mean the treaty agency
for Big Data
to establish faced data
based development policy
to protect our agent
thirdly
all our ICT infrastructure is used to support our pillar industry
the industry
is always changing
maybe 5 years later our pillar industry could be manufacturing for cost
so we need to leave space for each Improvement
our fifth
principle is economic integration
and
see here
tourism
Electronics
or agricultural products
all Logistics
actually we have to compete
with almost all capitals
in Southeast Asia
from yaqara
pamper
so what we can do
we suggest
Thailand
governments
to use some other applications this solutions to link isolated systems
like tourism systems custom systems
or transportation systems
oh we can start from EC area
use this way
the train
most people make our residents be more smarter
and
use this way to support our pillar in the trees
secondly
relying on our Solutions
strengthens a connection
between different cities
and the original integration
and a use this way
to strengthen our comparative but Advantage Industries in Thailand
and they receive our geopolitical parent
increased Mutual Trust
so where is the Peace
and tackle the challenges from non-traditional
public security
like
violate Criminal
environmental population
a pollution
and
can I meet a change
terrorism activities
use this way
to be integrated into a bigger supply chain
expand our Market scale
we need to consider our issues beyond our geopolitical
geographical Porter
connect you for in the cities
consider our stories from the world map
connect 1 per
Jakarta
anchor
expand our Market
is this way to relocate banker and Thailand
in the in the big background
of meccan river burner River and 1 better and 1 Road
we
design philosophy
but you see these figures
we received a figure from
29 developing countries all around government
I hosted this lecture in Beijing
this this month
by Chinese Ministry of Commerce
we can find that
property security
business
and a transportation a 3 main concerns for those 29 countries
we also can find that
the demands from education
ask ask care that
so
we need to
make
a customized The Proposal
we are not working alone
we are working with our partners
we have our ACU accumulation just like a database
Data Center
all lighting power
all communication Networks
sander
which urban planning company
transportation planning company or industrial opening company
all water or in ecology planning company from Amsterdam
London
Hong Kong
or Frankfurt
we are always using international
to oversee our story
last but not the least
also want to mention some items
all my concerns
how about top level design
but we cannot neglect
just like like yesterday I talked with your officials from digital
you calling me and the society Ministry
we need to Advocate our people
what you need to use our human resources
we can't get it they're smart from your information
from transportation
secondly
if we want to construct a small City
we need to digitalize
our old information
if we don't know how the data
so we need to integrate a node data
and the new data
especially in the government
our company has done that in China
for more and more most of the morning
500 City or towns
the government businesses
thirdly
some City can be digitalized
how about a Enterprise
currently a lot of area is dead they are developed by real estate developer
Developers
if Rose companies they are not smart they are not be digitalized
how can they be involved to Smart City
all kinds of operate Smart Park
or smart region
we are talking a top-level design
from the state level
remote is a modest 802 Library design
in China Pakistan Malaysia or Germany
but we can start our stories
from eec
we can start our story
from isolated cities
sink
start a small
that's
challenge biotop level design that's all I want to share with you
today thank you
kupuna
thank you
please remain on stage for your souvenir
hom Korean turn Club Dr n
for
digital
up
do
thank you very much
joining us this afternoon
the
1 DC
Korean Kong right sharing travel industry
start up
for
number
call
Facebook
the role of startup
app in Thailand's digital transformation how the country can benefit
from right here link up
great
our next speaker is we Tangy country head of grab Thailand
today he will speak about the role of startup in Thailand's digital transformation
and how the country can benefit from ride hailing
of grab Thailand he is responsible for leading business strategy and operations of grab in the market
he's also the 1 who drives grab success in Thailand
and prior to joining grab
we Chang spent more than 5 years in management consultancy he his
experience spread uh spans the breadth of Industries including transport
financial institutions
and energy so please welcome
we
very good afternoon and Saudi cup my name is V Tangy I'm the country head of
in Thailand
first part has always been a passion of mine
um
when I graduated I graduated as with the transport
engineering degree
and post uh my first job is actually reach Singapore MRT where I
work on the
uh work on the trans uh construction and maintenance of the Railway track
even in management consulting and Investment Banking I continue to be
involved in the transportation sector so um really transport is it really in my heart
how much that need
the present presentation today is the first time I'm going to present some of these materials
but I hope you enjoy it
I'm gonna start off with a bit of History
many thousand years ago
when we travel you know when people travel they use horse cuts
post Caravans
and 1 of the most important route the Silk Road
where culture exchanges
trade is exchanged as well as
technology and arts is integral of part of um the Silk Road
trouble
the route takes 15,000 kilometer
to try with the whole route
imagine saying goodbye to your family and friends and don't come and see them for 2 years
well
things have changed
today
using a car it takes
a little over 7 7 days
oh almost 100 times faster
and the impact is huge because now then the exchange of information
change of Technology exchange of Arts Exchange of culture becomes more and more profound
in 1919
Henry Ford started the assembly line assembly line production
and it revolutionized the way
cars are produced vehicles are produced
where Henry Falls dream
is
everyone who can afford the car
and Henry Ford which is the Ford Tesla T more sorry Ford T model
really drove the change
in the vehicle in the car industry that we see today
but
in the last 100 years
um you know in 1919 you and in around the 1919 year
a lot of the car companies that you see today
started in those years
but really cars have not changed a lot
you think about it
yes cars have gotten faster you can go from zero to 100 kilometer power in
3 seconds now this
cuz I've got them more comfortable
by most part
I'm not saying that being faster and convenient uh and and
comfortable is not important because
2 things that we always work on a grab
no getting people to the next Point quicker
uh making sure transportation
is more convenient and more comfortable
but really in the last 100 years
we haven't seen a lot to changes in in in the class industry
if you ask a fresh graduate today
what do you want to do with your money why do you want to buy when they get their first paycheck
34% of them said
came up to to work
to work and I can save um for the rest of my life retirement is not the greatest concern
only half of them say
they're going to start saving to buy a house
but
83% of them say when they come out the first thing you want to buy is to buy a car
and this is not just something you see in Bangkok or in Thailand
and this is global phenomena every graduate who comes out the first thing they want to buy is to buy a car
but things have started to change in many cities um in cities like Singapore or New York
a lot of fresh graduates that come out and they don't think about buying a car anymore because
cause like I think more and more expensive
um there are a lot of
alternative options for them to travel
more effective and quicker as well
because over 10 million registered vehicles in Bangkok alone
and you know the road in Bangkok
does not is not able to hold that many cars
well my friend from Uber showed a different number but I think we are almost the same
um on average people spend 70 hours
in the traffic
a year
and that equates to
6 months
of your in your lifetime that you're stuck in a traffic
but come on let's be honest both you and I know the 70 hours per year
is a very small number because
if you travel in Bangkok to and from work you're going to start in the traffic or at least 2 hours a day
and that's actually 50 60 hours a month
um you know my friend from Greg actually helped me with this presentation and uh
you know we do want to make up numbers so we stick with this number but as I said
I think in reality
the number is much worse so that 6 months that you start in traffic is probably 4 or 5 years in your lifetime
start your traffic
most cities
have begun to build the structures the buildings higher and higher
you see skyscrapers
building you see buildings packing more and more people
you see Condominiums getting taller and taller
but
1 thing that didn't change
when when people travel
the students have to travel on the 2D plane
along that you when you travel from 1 place to another place you still need the space
on the flat surface
so what happens
while we are able to pack more and more people in a single building
and if all the people here in that particular building want to drive
you're going to have a big problem with the parking space
on average
there's only 2 and a half parking space for 1,000 square feet of Office Space
and even 1,000 office square feet office space you can
easily put 20 30 people
imagine if you have to put
you know everyone drive to work or drive home
you can have half of your floor half of your buildings
nothing but parking space
and what's why you know I want to show it's almost 36
that um
that probably will not shock you
but for those of you
who have bought the car will know
the first thing you feel like buying a car no you go and test drive you do a lot of research
you talk to your friend you talk to your family and then when you got the first car that comes in front of you
the smell
the the comfort that you get from that car wow that's a wow feeling
but what happens after 1 month
95% of the time your car seats in the parking lot
of the
time
um
36 30% of the cars that you see on the road are actually circulating around
for parking the car is really on the street
most of them are just circling around
can you look for parking
and 12% of the bank of traffic actually
bye
the traffic
well some of these number is actually the number as you if you
assume that you depreciate your car for 5 to 10 years
this
of
so what you need for you when you buy a car is it for convenience is it for status
that's where grab comes in
East right shed
is 1 less car on the road as simple as that
are you able to share your car
I was I was rights have shown that on average
each of our grab right
press 2 and a half passengers
many cars on the street today you see have 1 driver
with no passenger
but all right typically have 2 and a half passenger
carbon footprint last year we reduced
carbon footprint by 4 million kilograms
this is equal to 5,000 house
turn on the light for 1 year
this amount of carbon dioxide
that be safe
you know yeah
all drivers are also trade well trained we are very
careful in selecting drivers and our our accident rate
is 5 times lower than the national exit average number
1 of them in Singapore
and we reach 2 million rep share rights
in 2 months
rupture is essentially a pulling product
you pick up a passenger
and pick up a second passenger
who's going on the same direction
and then you drop off either the passenger a passenger B feels depending
who's near
well just imagine
happens to travel to the same office every day
and if you and your neighbor drive to work every day there's 2 cars going in the same route
every day
imagine able to
you have 1 call
on this on the road
and that's what Greg Sher is trying to do
obviously
we need a better algorithm that that can match not just you and your neighbor
but your name but you and your neighbor who is 5 5 houses down this down the street
a neighbor who's going to a building probably 2 blocks away not the same building
so all these requires data and good algorithm
the few advantage to grab share
that's it there's less car on the roads
the passenger and passenger be today when they use grab share
actually reduce the cost
by quite a bit at least 30% they'll save
so
passenger will save cost by using grab shares as well
on the driver's side
because now the driver is carrying 2 passengers instead of 1
the driver was able to earn more as well
so grab share is a product that benefits
not just a road users
the passengers as well as the drivers
the very proud of what
1 of the things that we are very
that something very focused on is about providing local solution to local problems
my boss Anthony
um obviously
we all over execute
we make sure
make sure we first of all you know wait at the right time at the with the right solution
and then you come up with good execution strategy to make sure
you execute your strategy well
every day I grabbed
is
say right bikes of data on a daily basis
the number of the the amount of data that we gather allow us to analyze the data knowing where the passengers travel
where they're picking up where they drop
certain routes are congested
when certain routes uh you may flood during during a rainy season
um you know and and analyzing data is not just
on the back end
we also do that on the live basis imagine right now
you know half of Bangkok is raining right now
we can actually tell immediately
where which part of Bangkok is raining which part of Bangkok is short of cars
please follow Bangkok
this shot of drivers and we can then concentrate
put our drivers our cars in those areas
last year grab um
uh
partnered with open traffic so open traffic is part of a platform that um
is uh World Bank organizers
um essentially we collaborate with World Bank to provide
our data
the World Bank
free of cost
um so that World Bank is able to analyze
which part of the city which part of a village or which part which part of of
most susceptible to traffic
essentially we use the GPS data that we collect on a daily basis our cars our drivers
whenever they travel they have GPS information
and those information
provide then the data to us which pass the World Bank
and imagine that those data can then be passed on to many other parties including hospitals
no emergency services
that can then tell which are the best route to take
I want to spend a few more minutes on on open traffic partnership
so essentially how it works is
collection of data is from grab using the GPS data
and then the the data is being analyzed at the back end
the tower speed um you know how fast you travel where is congested
and then with those data is passed on to
used
right now we have partnership with the government of Malaysia and government Philippines
um and we continue to want to partner with other governments in Southeast Asia
as we get more and more data
another example of traffic Manila traffic is as bad as Bangkok
um you know it's a 58 million dollar a day problem
and using our data that we shared with World Bank we came up with some interesting data
you know we found that the best time to travel is on Monday morning
at 400 a.m. well if you're able to wake up at 4:00 a.m. no that's the best time to travel
the worst time to travel is actually on Wednesday 7 p.m.
the maximum speed on average is about 30 plus in in in uh in Philippines
and it's about 55 in Singapore
in most dangerous intersection is actually at the essay in size 1 of the most uh
1 of of uh Manila
you know and if you party these days are most dangerous to do so
so these are interesting data that we continue to provide to the development of Southeast Asia partner with them
and so that they can improve
the traffic is uh traffic condition in in the cities
so where we are
I grabbed we continue to push the boundary
find ways to
increase
the efficiency of travel
we go continue to find ways to provide more convenient and comfortable services
our customers
and increase the earnings of our partner drivers
and we continue to use many things including
um you know infrastructure that that this most mostly in the cloud system
and compatible to many of the of the system existing system out there
1 of the things that we did
um where Nu is a self-driving car
uh
is a research company right now and
we actually partner with them in Singapore
and
it's actually the first time that a passenger can
uh self-driving vehicle
on grab
is is limited to certain area but you know there's a a research
Center
area that a person can book and actually get on a self-driving vehicle
so
Where We Are
going forward
right healing will continue to be
important for Thailand
an important for for Southeast Asia
that great we think a lot of the things that we are looking at the lot the future that we're seeing today
you know we're talking about autonomous vehicle we're talking about electrical vehicle we talking of flying cars
drones
a lot of things are being already being developed a lot of things are already
you know um is out there is just not being in the mass market yet
if you look at how Tesla has built
a huge
uh plan
in the US
and to produce battery
um essentially reduce the cost of the battery
uh car car operator batteries
and that will actually increase the ownership along reduce the cost of ownership for most passengers
more phones drivers
um
so this is where we think we'll go right healing will continue to
important where you want to
reduce the number of vehicles on the street improve the life of of the people traveling
and improve the life of our drivers
so
I joined grab about 2 and a half years ago and since then there's been a
a really interesting right um
you know every day is different every day is fun
um I know out there there are young
upcoming upstarts startup
people who are already in startup people who are thinking about doing a startup people are thinking about joining a startup
I think my advice to you is very simple
find the ask yourself what problems you're trying to solve with your products and services
ask yourself what jobs
your product and services is trying to do
and then craft your strategy and business model accordingly and your customers will come
thank you for your time thank you for listening
we
digital
for
of speech was according to
all right thank you very much Mr V Tangy country head of grab Thailand
sharing economy
waku sharing economy opportunities and challenges cup from Cornett number
Mohit is the regional lead for the Strategic
practice across all Industries he's been working with Deo Consulting for 10 years
and has worked in North America Western Europe and various parts of Asia including Singapore Hong Kong
Indonesia Vietnam Malaysia Thailand China Korea and Japan
now Mohit serves as executive director of monitor Deo Deo Consulting
he will speak about sharing economy opportunities and challenges so please welcome Mohit
mayor rotra
thank you
I guess personally the biggest challenge for me was really trying to figure out
what to wear for this session
hey it's a Sunday
and see to talk on a topic of digital so that you look relevant
so I had to really dig my 1 of my old jeans
put some holes in it
even folded a bit
I also understand uh I'm the last man standing between you and your
Pleasant Sunday afternoon
so I'll try and really talk about 3 key things today
by putting
some taxonomy around around sharing economy
to reflect on some of the global Trends not just in the b2c sharing economy
also the B2B part of sharing economy
and see talk through
some of the specific perspectives on how we see governments shaping up and some of the Strategic directions
governments are taking
in Sharing economy
as we saw from the previous speakers uh earlier today it's clearly
transforming how we move
how we live and work
and uh how we consume
and there are different kinds of responses
different markets have taken
we recently did an analysis and saw there were only 9 markets in the world
that have built a formal response
to see how we can scale up sharing economy
lot of the responses today
the size and scale of sharing economy
is many a times in absence
of a structured National policy to see how we can scale this up
so it's really important when we put this into perspective to keep in mind what are the problems
sharing economy is trying to solve for
if you think about it some of the countries have built formal responses to address the
the problem of youth unemployment
some of the countries have built formal responses to drive productivity of various Industries
some of the countries have built formal responses
to ensure income inequality related issues can be addressed
so while this is an emerging Trend that cannot be ignored
I think those markets that take a step back and say we really need a national
formal response to it
clearly you're going to address
some practical issues
that that the regions are facing
so just from a from a taxonomy perspective
uh we try to keep the definition very simple
by looking at the 9 Market that have developed a formal response to sharing economy
there were a few common elements in there adding first is a clear acknowledgement
that this is all about a socioeconomic system
second
realizing that sharing economy existed even before the digital platforms were there
but trying to be explicit here and defining it
on the back of digital platforms
start
it's not just about individual oriented sharing economy
but also the role businesses and governments are playing
in in Sharing economy
and lastly but very importantly
it's all about increased utilization of assets and promoting access over ownership
so when you keep that into perspective we we looked at Double clicking that broader definition
into 3 key areas
access to physical assets
access to the whole intangible story
and lastly but very importantly
elements of good redistribution there
so if you keep that at the back of your mind the next question
largely comes out on on how big this display can be
so with those 3 key buckets about physical assets the intangibles
and goods redistribution
we say
that by 2025
this is a 3.1 trillion dollar market
and a lot of that is growing on the back of a 270 billion as of as of last year
so you you do the maths we are talking about 11x growth
that kicks in over the next 10 years
now you could you could say a lot of that is coming on the back of some of the larger markets like China
markets like the US and bunch of others
so we said let's just run some numbers
1 of the emerging economies in Southeast Asia
and see how does that Stack Up
so we did 2 kinds of analysis the first was to say how big this is for 1 of the markets
in Southeast Asia and emerging economy
and second
let's talk about the whole issue around jobs
I mean clearly most of the markets in emerging Southeast Asia
are thinking about youth unemployment as a big issue
clearly lot becoming lot more prominent in in the urban urban side of the story
so we said
if you go go into bit more details for 1 of these markets
if governments build a formal structured response to sharing economy
and support not just the b2c
but also the B2B side of sharing economy
this is a potential to drive
1.5% increase in GDP for that particular Market
secondly if you look at the whole issue around employment
we said
think about it from the perspective of Youth and the the non youth unemployment that exists
clearly from an employment perspective and if you think about the size of the gig economy that's kicking
through the region
this is a potential
to drive 1.6 X the number of jobs in the gig economy
but I think a lot depends on how the government policies are
put together to develop a structured response to this whole game and again
not just in the world of b2c but also in the world of B2B
there was a recent survey that was done to look at
and and and skills in this play
so we realized that
globally
slightly more than 65% of
of the people surveyed
would want to share their assets
and our and are ready to use shared assets
and if you look at the numbers in Thailand
the numbers are slightly bigger than the global averages
so clearly there is a lot more willingness to do both sides of the story in terms of sharing
and consuming shared assets
and Thailand ranks fifth in the world when it comes to
the whole play around willingness to share assets
which means the grounds are very fertile for the market
to look at how we want to develop a structured response
to ensure that sharing economy could scale up faster
then the bow clay that's happening at the moment
because clearly many of the markets around the world that are developing respond
responses to sharing economy
have
derived a lot of benefits from this
right from
playing up the whole play around digital literacy
in India
that was the 1 promptly
secondly if you look at the amount of
income
you know a lot of markets talk about income inequality
how in Netherlands the sharers generated additional income on the back of this
and we talk about jobs a lot of the governments are struggling with how many jobs that can be
created with the current growth that that these markets are are delivering upon
in the UK they're
5 million people that work in Sharing economy
and lastly but very importantly for the greater good of the society if you think from a carbon emission perspective
effective
that's the other benefit sharing economy delivers
and it's not just in the world of b2c
if you look at the world of B2B part of sharing economy and taking some numbers here
think about the whole Logistics and the freight sector and the amount of
of
the freight that comes back
which is empty back hauls
there was a study done which acknowledged that
there's a 15% capacity Improvement for a market like China
secondly if you look at the Whole Health Care sector
clearly silver economy is rising and that's putting greater pressure
on the overall Healthcare sector
the potential
for the medical equipments that exists and the unutilized capacity and improvements that
can be done there
it's phenomenal
and lastly SMS which are the backbone of growth for majority of markets around the world
the opportunity again to think about how SMS can leverage sharing economy
and deliver
better operational efficiency are some of the stats I wanted to call out to highlight
this is
the huge potential that exists if you think through sharing economy not just from the lens of
to see but also the B2B part of sharing economy
but clearly it's not going to happen by just bow their needs to be clear
policies
and Regulatory positionings that need to be taken to make all of this work
you know often the types of issues that get called upon
our our elements of
protection of shared data elements that revolve around uh Insurance to promote
trust in Sharing economy
and lastly but very importantly
the rights and safety nets of the Freelancers that exist
imagine
as more and more people shift towards the
freelance or gig economy
implications of that on the national Pension funds that exist
imagine
the size of the insurance sector how that's going to change with the rise of of sharing economy
the whole issue around labor protection that many of the markets have
and the implications of that what happens with the rise of sharing economy
so I think those are
Big Ticket heavy strategic debates
that need to happen if you truly believe we want a greater share
of the price that sharing economy can
Pacific purposes
and there are specific
problems
people tend to solve for a choice that you will make if you think about sharing economy to
all income inequality
will be very different from a regulatory
policy you will make if you're solving for productivity issues in the economy
so it's very important to to say what is the problem we are trying to solve for
and then work backwards around the set of choices you need to make
to address some of these
Big Ticket issues that sharing economy
offers to to various countries
and clearly it's not going to happen just purely on the back of policies and regulations
it's really important we think through the underlying digital infrastructure
that needs to be true
to make all of this worth
and let me call out
few elements of that
infrastructure that's geared to drive trust and inclusion
infrastructure that allows cross-industry collaboration
you see elements of that in many markets with cross-industry data sandboxes
and not just sandboxes that are industry Centric
thirdly the whole play around how do we spur local digital platforms
and make it easier for them to talk to each other
and lastly but very importantly promoting a cashless Society with initiatives that are slightly
bigger and bolder
10 Pompey that you see over here
the 2 things I want to call out are are the stories the narratives that are being played out
and some of the economies
you see in markets like India and the UK
everything around the digital identity
which is an important enabler
to ensure the b2c and the B2B part of sharing economy scales up
secondly elements that revolve around uh
what we call
apis
to make it easier
with once you publish National API standards that are cross-industry in nature
to to allow greater collaboration amongst innovators
and incumbents in the market
place
a combination of which is needed
to scale up sharing economy
and when you put all that into perspective what we believe are there are 5 things that need to be
to ensure that you can gain a greater share of the sharing economy price that out
out there
let me list those 5 out and then I'm going to double click on each 1 of them to talk through these in
bit more detail and the kind of choices
that you will need to make as you think through this story
the first is everything around policy and regulations
you know very often there are policies and regulations that are get called upon
and populist measures without realizing
that actually if you think about policies and regulations from the lens of
youth unemployment from the lens of
driving productivity from the lens of
strengthening a particular sector they could be very different outcomes that we can achieve
which sharing economy than than than without
secondly element of direct Market participation if you think about where are the max
maximum number of jobs and resources in a country it's with governments
the question is what role governments can play in driving direct Market part
patient
can they be a role model to allow
greater utilization of underutilized Assets in the government
so direct Market participation
you see elements of that in some countries where the governments are saying we owned a lot of land and
space that's not necessarily used many a times
we are willing to allow sharing of that land and space
from something as basic as co-working spaces to some of the other
more tangible assets that can be shared in this whole story
so direct Market participation by state on Enterprises and by governments
or an important element that need to be considered and debated
to ensure scaling economy can be scaled up things around what is it
the policies that we have for government employees as they think about travel
What policies do we have
for underutilized equipment in state-owned Enterprises to drive greater growth of
sharing economy
the third thing is is elements of literacy and awareness I guess the good news in Thailand being the
shift in the world when it comes to
ability to share and ability to consume shared assets
makes
a nice story here but in many of the markets the whole play around literacy
when it comes to trust safety security
driving awareness not just in the b2c world
which has been done really nicely by some of the bigger digital native companies that you heard earlier
here today
but let's not forget the role the B2B players in Sharing economy
and and how we need to think about supporting them from a literacy and awareness
effective when it comes to the world of SMS and other large corporates
that are thinking through this equation
fourthly elements of innovation ecosystem
you know often we think about if we build an ecosystem for digital that's good enough
but I think we need to take a step back and and really call out
what are the key elements that are required in that Innovation ecosystem
for us it comes down to the following Mega 3 items elements of ecosystem
system that drive experience
elements of ecosystems that drive offerings
which is not just about being better faster cheaper
and lastly but very importantly elements of ecosystem that drive innovation in the way
businesses are configured
to drive that change
so fundamentally rethinking that how we drive that ecosystem
pleased that we can learn from elements that are prominent in South Korea to elements that are
a prominent in Israel
and and the various other markets are some of the things
which will be really helpful
to make this the sharing economy real and larger in in the marketplace
and lastly that when it comes to additional infrastructure there are 2 things I want to call out here
do we have National API standards that drive cross-industry collaboration
when it comes to
to the whole whole play
to make it easier for innovators to interact with governments and the larger corporate
and secondly the role digital identity can play in making this real
very often the equation of digital identity is a classical Battleground between should the government drive digital identity
partial be driven by private sector
be driven by the
or should it be driven by Banks and so and so forth
so I think those are some of the hard questions and issues governments need to think about
if they really want to solve
not just
address the greater price out there but Saul bigger issues that exist such as Youth and
employment
issues around productivity
issues around income inequality issues around strengthening a particular sector on an industry
so those were the 5 things I really wanted to summarize uh
the presentation today
to to call out specifically what needs to be true
if we as a market
want to gain a greater share of of the sharing economy the good news there are 9 other markets
in the world that have developed their responses
the bad news each of these responses were unique to the markets and the choices they made
what unique to the situation of those markets
and I think at the end of the day if you want to develop
a structured response to sharing economy it's really about putting the elements of these 5
jigsaw puzzles
a policies and regulations be direct Market participation
see literacy and awareness
Innovation ecosystem and lastly but very importantly the digital infrastructure
which is largely around identity and the whole world of apis
thank you
let you
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