NTT Communications Thailand will be establishing an innovation lab aimed at conducting research and putting technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain to trial.

The Bangkok Post reported that Manabu Kahara, President of NTT Communications Thailand, disclosed that the innovation lab will be located at Amata Industrial Estate. The industrial estate is based in the eastern region of the country, which the government is developing under its Eastern Economic Corridor (EEC) initiative.

Kahara affirmed that the lab will be a driving force for innovation, saying, “The NTT innovation lab will introduce a playground for customers and partners to do proof-of-concept, development for disruptive technologies such as blockchain, IoT, AI, hybrid cloud, and software-defined networks.”

The company added that in July, in anticipation of growth in cloud computing and big data, it will expand its businesses to serve financial institutions, cloud service operators, and online games and businesses.

While NTT is focusing on trending technologies, such as big data, the company’s president said it also acknowledges the importance of security in conducting online businesses and transactions.

“We also see an increasing trend for outsourcing of managed security services, thanks to rising concern over cybersecurity risks in the digitisation era and the upcoming Cybersecurity Act to manage security risks and the Data Protection Act to prevent data leaks,” Kahara said.

Nevertheless, the company is taking a ‘wait-and-see’ approach, given that Thailand’s regulators have yet to issue clear laws to address certain aspects of the digital transformation of businesses.

NTT also revealed its target of achieving 30% growth by 2021.

Source: www.bangkokpost.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

• Telegram: https://t.me/asiablockchainreview
• Facebook: https://www.facebook.com/pg/asiablockchainreview
• Twitter: https://twitter.com/abr_blockchain
• LinkedIn: https://www.linkedin.com/company/asia-blockchain-review/
• Website: https://www.asiablockchainreview.com/
• Email: [email protected]
• Youtube: https://www.youtube.com/channel/UCMQ5CVu0c9-pMlwB8LUvkiA