ASEAN 2016 - Reshaping the ASEAN Economy through Digital Innovation | Summary and Q&A

TL;DR

Embracing digital innovation, overcoming policy obstacles, and ensuring digital inclusivity are key to reshaping the ASEAN economy and improving the lives of its people.

Key Insights

• 🌐 Digital transformation is crucial for the ASEAN economy to thrive and remain competitive in the global market.
• 🎓 Connectivity and education are essential in driving digital inclusivity and empowering the youth.
• 🪡 Governments need to harmonize regulations, liberalize foreign ownership rules, and create an enabling environment for digital innovation.
• 🐕‍🦺 Incorporating digital services in rural areas and empowering local communities can drive economic growth and improve livelihoods.

Transcript

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Questions & Answers

Q: How can companies effectively reach and include rural areas in their digital services?

One approach is to leverage the power of connectivity and mobile technology to provide services, such as e-commerce and healthcare, to rural areas. Collaborating with local communities and empowering them to be the drivers of digital inclusion can also be effective.

Q: What can ASEAN governments do to promote digital education and bridge the gap between digital haves and have nots?

Governments should prioritize investing in education and creating policies that support the development of digital skills. Implementing STEM education, digital curriculum, and partnerships with businesses can help prepare the youth for the digital economy.

Q: How can established companies adapt their organizational structures to foster innovation and embrace digital transformation?

Embracing a flatter, more decentralized organizational structure and empowering employees can foster innovation. Companies should be open to taking risks, encouraging entrepreneurship, and challenging traditional ways of working to drive digital transformation.

Summary & Key Takeaways

• The ASEAN economy is experiencing rapid growth and digital innovation is key to its future success.

• Challenges include policy obstacles and the need for digital inclusivity for all members of society.

• Education and connectivity play crucial roles in driving digital innovation and empowering the youth.

• Digital transformation requires the cooperation of both governments and businesses to create a harmonized and liberalized environment.