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and compatible [เสียงปรบมือ] DIWAto many of the of the system existing system out there

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1 of the things that we did last year was to partner with the company called new

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um where Nu is a self-driving car

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uh

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a research company right now and we actually partner with them in Singapore

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and

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it's actually the first time that a passenger can book

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uh self-driving vehicle

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on grab

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is is limited to certain area but you know there's a a research

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10 area that a person can book and actually get on a self-driving vehicle

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so

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right healing will continue to be

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important for Thailand

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and important for for Southeast Asia

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a drive we think a lot of the things that we are looking at a lot of future that we're seeing today

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you know we're talking about autonomous vehicle we're talking about electrical vehicle we talking about flying cars

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drones

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a lot of things are being already being developed

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a lot of things are already

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you know um it's out there it's just not being in the mass market yet if you look at how Tesla has built

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a huge

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uh

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in the US

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and to produce battery

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you know essentially reduce the cost of the battery

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uh Co Cooperative batteries

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and that will actually increase the ownership along reduce the cost of ownership for most passengers

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of course drivers

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um

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so this is where we think we'll go right healing will continue to be important where you want to

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reduce the number of vehicles on the street improve the life of of the people traveling

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and improve the life of our drivers

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so

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I joined grab about 2 and a half years ago and since then there's been a

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really interesting right um

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is

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you know every day is different every day is fun

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um I know out there there are young upcoming upstarts startup people who are already in startup

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people who are thinking about doing a startup people are thinking about joining a startup

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I think my advice to you is very simple

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find the ask yourself what problems you're trying to solve with your products and services

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ask yourself what jobs

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your product and services is trying to do

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and then craft your strategy and business model accordingly and your customers will come

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thank you for your time thank you for listening

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we Tangy in a cup

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for

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it was a cool

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all right thank you very much Mr B Tangy country head

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of grab Thailand

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for

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sharing economy

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sharing economy

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sharing economy opportunities and challenges

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more heat is the regional lead for the Strategic

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practice across all Industries he's been working with Deloitte Consulting for 10 years

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that has worked in North America Western Europe and various parts of Asia including Singapore Hong Kong

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Indonesia Vietnam Malaysia Thailand  China Korea and Japan

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now more heat serves as executive director of monitor delo Consulting

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he will speak about sharing economy opportunities and challenges so please welcome Mohit

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rotra

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thank you

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I guess personally the biggest challenge for me was really trying to figure out

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what to wear for this session

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a it's a Sunday

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and see to talk on a topic of digital  so that you look relevant

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so I had to really dig my 1 of my old jeans

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put some holes in it even fold it a bit to look relevant for this session

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I also understand uh I'm the last man standing between you and your

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Pleasant Sunday afternoon

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so I'll try and really talk about 3 key things today

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by putting

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some taxonomy around around sharing economy

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reflect on some of the global Trends not just in the b2c sharing economy but also the

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to be part of sharing economy

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and see talk through

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some of the specific perspectives on how we see governments shaping up and some of the Strategic directions governments are

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taking

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and sharing economy

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as we saw from the previous speakers  uh earlier today it's clearly

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transforming how we move

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how we live and work

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and uh how we consume

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and there are different kinds of responses

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different markets have taken

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we recently did an analysis and saw there were only 9 markets in the world

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that have built a formal response to see how we can scale up sharing economy

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a lot of the responses today

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the size and scale of sharing economy

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is many a times in absence

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of a structured National policy to see how we can scale this up

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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

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if you think about it some of the countries have built formal responses to address the

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problem of youth unemployment

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some of the countries have built formal responses  to drive productivity of various Industries

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some of the countries have built formal responses

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to ensure income inequality related issues can be addressed

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so while this is an emerging Trend that cannot be ignored

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I think those markets that take a step back and say we really need a national

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formal response to it

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clearly going to address some practical issues

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that that the regions are facing

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so just from a from a taxonomy perspective

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uh we tried to keep the definition very simple

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by looking at the 9x that have developed a formal response to sharing economy

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there were a few common elements in there I think first is a clear acknowledgement

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that this is all about a socioeconomic system

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perspective second

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realizing that sharing economy existed even before the digital platforms were there

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but trying to be explicit here and defining it on the back of digital platform

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forms

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it's not just about individual oriented sharing economy

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but also the role businesses and governments are playing

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in in Sharing economy

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and lastly but very importantly

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it's all about increased utilization of assets and promoting access over ownership

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so when you keep that into perspective uh we we looked at Double clicking that broader definition

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into 3 key areas

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access to physical assets

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access to the whole intangible story

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and lastly but very importantly

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elements of good redistribution there

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so if you keep that at the back of your mind the next question largely comes out on on how

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big this this play can be

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so with those 3 key buckets about physical assets intangibles

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and goods redistributio

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we say

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that by 2025

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this is a 3.1 trillion dollar market

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and a lot of that is growing on the back of a 270 billion as of  last year

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do you you do the maths we are talking about 11x growth

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that kicks in over the next 10 years

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now you could you could say a lot of that is coming on the back of some of the larger markets like China

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markets like the US and bunch of others

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so we said let's just run some numbers

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for 1 of the emerging economies in Southeast Asia

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and see how does that Stack Up

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so we did 2 kinds of analysis the first was to say how big this is

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for 1 of the markets in Southeast Asia and emerging economy

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and second

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let's talk about the whole issue around jobs

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I mean clearly most of the markets in emerging Southeast Asia

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are thinking about Youth and employment as a big issue

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clearly lot becoming lot more prominent in in the urban urban side of the story

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so we said

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if you go go into bit more details for 1 of these markets

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if governments build a formal structured response to sharing economy

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and support not just the b2c

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but also the B2B side of sharing economy

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this is a potential to drive

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1.5% increase in GDP for that particular Market

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Secondly if you look at the whole issue around employment

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we said

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think about it from the perspective of Youth and the the non youth unemployment that exists

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clearly from an employment perspective and if you think about the size of the gig economy that's

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checking through the region

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this is a potential

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but I think a lot depends on how the government policies are

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put together to develop a structured response to this whole game and again

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not just in the world of b2c but also in the world of B2B

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there was a recent survey that was done to look at

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this whole play around

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how local and and the opportunity for people to share their assets and and and skills in this play

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so we realized that globally

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slightly more than 65% of of the people surveyed

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would want to share their assets and our and are ready to use shared assets

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and if you look at the numbers in Thailand

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the numbers are slightly bigger than the global averages

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so clearly there is a lot more willingness to do both sides of the story in terms of sharing

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and consuming shared assets

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and Thailand ranks fifth in the world when it comes to

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the whole play around willingness to share assets

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which means

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the grounds are very fertile for the market to look at how we want to

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develop a structured response

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to ensure that sharing economy can scale up faster

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then the bow play that's happening at the moment

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because clearly many of the markets around the world that are developing responses

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to sharing economy

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have derived a lot of benefits from this

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right from playing up the whole play around digital literacy

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in India that was the 1 promptly

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secondly if you look at the amount of

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income

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you know a lot of markets talk about income inequality

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how in Netherlands the sharers generated additional income on the back of this

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you know we talked about jobs a lot of the governments are struggling with how many jobs that can be created

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with the current growth that that these markets are are delivering upon

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in the UK

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there are 5 million people that work in Sharing economy

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and lastly but very importantly for the greater good of the society if you think from a carbon emission perspective

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that's all the benefit sharing economy delivers

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and it's not just in the world of b2c

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if you look at the world of B2B part of sharing economy and taking some numbers here

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think about the whole Logistics and the freight sector and the amount of

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of

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the freight that comes back

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which is empty back holes

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there was a study done with acknowledged that

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is a 15 percent capacity Improvement

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for a market like China

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secondly if you look at the whole Healthcare sector clearly silver economy is rising and

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putting greater pressure on the overall health care sector

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the potential

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for the medical equipments that exists and the unutilized capacity and improvements that

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can be done there

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it's for phenomenal

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and lastly SMS which are the backbone of growth for majority of markets around the world

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opportunity again to think about how SMS can leverage sharing economy

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and deliver

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better operational efficiency or some of the stats I wanted to call out to highlight

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that look

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this is

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the huge potential that exists if you think through sharing economy not just from the lens

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b2c but also the B2B part of sharing economy

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but clearly it's not going to happen by just bow their needs to be clear

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policies

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and Regulatory positionings that need to be taken to make all of this work

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you know often the types of issues that get called upon are are elements of

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protection of shared data elements that revolve around uh Insurance to promote

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trust in Sharing economy

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and lastly but very importantly

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the rights and safety nets of the Freelancers that exist

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imagine

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as more and more people shift towards the freelance or gig economy

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implications of that on the national Pension funds that exist

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imagine

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the size of the insurance sector how that's going to change with the rise of of sharing economy

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the whole issue around labor protection that many of the markets have

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and the implications of that what happens with the rise of sharing economy

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so I think those are

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Big Ticket heavy strategic debates

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that need to happen if you truly believe we want a greater share

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of the price that sharing economy can deliver

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for specific purposes

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because every government is unique every Market is unique and there are specific problems

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people tend to solve for a choice that you will make if you think about sharing economy to

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solve income inequality

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will be very different from a regulatory and policy perspective

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to the policy you will make if you're solving for productivity issues in the economy

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so it's very important to to say what is the problem we are trying to solve for

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and then work backwards around the set of choices you need to make

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to address some of these big ticket issues that sharing economy

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offers to to various countries

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and clearly it's not going to happen just purely on the back of policies and regulations

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it's really important we think through the underlying digital infrastructure

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that needs to be true

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to make all of this work

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and let me call out

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few elements of that

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infrastructure that's geared to drive trust and inclusion

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infrastructure that allows cross-industry collaboration

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you see elements of that in many markets with cross-industry data sandboxes

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and not just sandboxes that are industry Centric

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thirdly the whole play around how do we spur local digital platforms

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and make it easier for them to talk to each other

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and lastly but very importantly

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promoting a cashless Society with initiatives that are slightly bigger and bolder

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then Trump pay that you see over here

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the 2 things I want to call out are are the stories the narratives that are being played out

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and some of the economies

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you see in markets like India and the UK

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everything around the digital identity

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which is an important enabler

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to ensure the b2c and the B2B part of sharing economy scales up

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secondly elements that revolve around

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what we call

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apis

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to make it easier

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with once you publish National API standards that are cross-industry in nature

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to allow greater collaboration amongst innovators

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and incumbents in the market

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place

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a combination of which is needed to scale up sharing economy

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and when you put all that into perspective what we believe are there are 5 things that need to be

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to ensure that you can gain a greater share of the sharing economy price that out

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there

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let me list those 5 out and then I'm going to double click on each 1 of them to talk through these in

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more detail and the kind of choices that you will need to make as you think through this story

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the first is everything around policy and regulations

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you know very often there are policies and regulations that are get called upon

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populist measures without realizing

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that actually if you think about policies and regulations from the lens of

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youth unemployment from the lens of

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driving productivity from the lens of

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strengthening a particular sector they could be very different outcomes that we can achieve

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what sharing economy than than than without

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secondly element of direct Market participation if you think about

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where are the maximum number of jobs and resources in a country it's with governments

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the question is what role governments can play in driving direct market parts

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can they be a role model to allow

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greater utilization of

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underutilized Assets in the government

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so direct Market participation

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you see elements of that in some countries where the governments are saying we owned a lot of land and

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base that's not necessarily used many a times

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we are willing to allow sharing of that land and space

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from something as basic as co-working spaces to some of the other

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more tangible assets that can be shared in this whole story

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so direct Market participation by state-owned Enterprises and by governments

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or an important element that need to be considered and debated

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to ensure scaling economy can be scaled up things around what is it

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the policies that we have for government employees as they think about travel

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What policies do we have

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for underutilized equipment in state-owned Enterprises to drive greater

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growth of sharing economy

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the third thing is is elements of literacy and awareness I guess the good news in Thailand being the

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fifth in the world when it comes to

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ability to share and ability to consume shared asset

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makes it

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a nice story here

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but in many of the markets the whole play around literacy when it comes to trust safety

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security driving awareness not just in the b2c world

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which has been done really nicely by some of the bigger digital native companies that you heard earlier today

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let's not forget the role the B2B players in Sharing economy can play

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and and how we need to think about supporting them from a literacy and awareness perspective when it

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comes to the world of SMS and other large corporates

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that are thinking through this equation

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both the elements of innovation ecosystem

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you know often we think about if you build an ecosystem for digital that's good enough

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but I think we need to take a step back and and really call out

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what are the key elements that are required in that Innovation ecosystem

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for us it comes down to the following Mega 3 items elements of ecosystem

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that drive experience

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elements of ecosystems that drive offerings

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which is not just about being better faster cheaper

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and lastly but very importantly elements of ecosystem that drive innovation in the way

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businesses are configured

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to drive that change

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so fundamentally rethinking that how we drive that ecosystem

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place that we can learn from elements that are prominent in South Korea

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12 months that are prominent in Israel and and the various other markets are some of the things

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which will be really helpful

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to make this the sharing economy real and larger in in the marketplace

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and lastly

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here

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do we have National API standards

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that drive cross-industry collaboration

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when it comes to

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to the whole

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whole play

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to make it easier for innovators to interact with governments and the larger corporate

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and secondly the roles digital identity can play in making this real

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very often the equation of digital identity is a classical Battleground between should the government drive digital identity

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I should be driven by private sector

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be driven by the Telos or should it be driven by Banks and so and so forth

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so I think those are some of the hard questions and issues governments need to think about

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if they really want to solve

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not just a

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address the greater prize out there but Saul bigger issues that exist such as Youth and

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employment

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issues around productivity

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issues around income inequality issues around strengthening a particular sector on an industry

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so those were the 5 things I really wanted to summarize uh

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the presentation today

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to to call out specifically what needs to be true if we as a market

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want to gain a greater share of of the sharing economy the good news there are 9 other markets

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in the world that have developed their responses

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the bad news each of these responses were unique to their markets and the choices they made

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what unique to the situation of those markets

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and I think at the end of the day if you want to develop

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a structured response to sharing economy it's really about putting the elements of these

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jigsaw puzzles

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a policies and regulations be direct Market participation

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see literacy and awareness

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Innovation ecosystem and lastly but very importantly the digital infrastructure

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which is largely around identity and the whole world of apis

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thank you

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more

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hola

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now we will be handing you your souvenir

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00:27:04,913 --> 00:27:08,700
thank you for joining us

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digital Thailand Big Bang 2017

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make up and said

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00:27:27,763 --> 00:27:31,763
Thailand Big Bang

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home

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I'm

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checkpoint

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play

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for

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for

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Pro

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load application

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Garden

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future life

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digital ecosystem digital community and Smart City

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digital Park

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Digital Playground

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take a broken base again

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for

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Bluetooth mini tripod

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Global a travel kit look at me super car charger

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for

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for

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download application digital Thailand big Banks

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for

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Thailand

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Facebook

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um