Enterprise Innovation — Modernization and digitalization of the Thai agricultural sector is driving growth in IT spending to 7.02 percent, research firm IDC reported. Thai government policies focused on smart farming and enabling technology-led innovation to transform traditional agriculture practices are driving the growth.
Malaysia plans to generate RM1.4 billion (US$320 million) in 2020 by using sensors and data in farms, according to an official leading the national Internet of Things initiative. IoT could help farmers increase their income, providing them with higher returns and more information on agricultural stocks, said Ahmad Helmi Abdul Halim, Senior Director of Corporate Market Strategy at MIMOS.
Besides previously-approved hi-tech farming parks in Hau Giang and Phu Yen, another eight will be built in Ho Chi Minh City, the northern provinces of Thai Nguyen and Quang Ninh, the central province of Thanh Hoa, the southern province of Khanh Hoa, the Central Highlands province of Lam Dong, and southern Ho Chi Minh City, Binh Duong and Can Tho city. Farming zones applying technological advances dedicated to coffee trees are mostly in the Central Highlands, northwest and north central regions.