BANGKOK, NNA - Japanese electronics giant Fujitsu Ltd. foresees a rosy outlook for digital solutions business in Thailand as Internet of Things technology has gradually increased local entrepreneurs' interest in digitalization.
Eiji Furukawa, managing director of Fujitsu (Thailand) Co., told NNA that more local manufacturers are tending to utilize the IoT for their operations as digital solutions have become crucial for the industry nowadays.
"Sixty percent of our customers are currently Japanese firms located in Thailand while non-Japanese firms account for 40 percent," Furukawa said, adding that non-Japanese customers are expected to increase continuously owing to the rising popularity of the IoT.
According to research firm Frost & Sullivan, budget spending on IoT technology among Thai companies is expected to reach 30 billion baht ($867 million) in 2020, with up to 16 billion baht ($462 million) of the amount to be spent by the manufacturing industry.
Fujitsu (Thailand) enjoys a healthy growth of 5 percent in sales annually and aims to maintain the growth rate this year, with 60 percent of its revenue generated by solutions and consulting services while the rest comes from hardware and devices, Furukawa said.
It recently partnered with Thailand's second-biggest cement manufacturer, Siam City Cement Public Co., known as SCCC, to take part in a project for turning one of the company's plants into the country's first fully digitally connected "smart" cement factory by installing a wireless communication network.
For the project, Fujitsu was chosen to set up the network while Cisco Systems (Thailand) Ltd. provides devices, said Ittaya Sirivasukarn, chief executive officer of Insee Digital Co., SCCC's subsidiary undertaking the digital transformation work.
The digital transformation will be completed by the end of this year, helping the plant save 10 percent of maintenance costs, Ittaya said. (NNA/Kyodo)