Thailand is setting its sights on becoming a top global hub for tech talent by the year 2030. Industry experts believe that the country’s strategic location, abundant resources, and forward-thinking policies are positioning it as a hotspot for young professionals looking to make their mark in the tech industry.
At the recent Techsauce Global Summit 2024, experts discussed the country’s vision to boost knowledge transfer and export talent to the global market. Karndee Leopairote, chief of foresight and digital assets at MQDC’s FutureTales Lab, highlighted Thailand’s growing reputation as a haven for new investments. The country’s natural beauty, delicious cuisine, and affordable cost of living are attracting not only global talent but also potential millionaires looking to relocate.
Thailand’s digital infrastructure is another key factor in its rise as a tech talent hub, with high-speed internet coverage reaching over 80% of the country and 99.9% smartphone usage among young adults. The country’s smart visa program and relaxed regulations are designed to attract individual talent, startups, investors, and expats. However, there is still room for improvement in regulatory policies to further foster innovation.
Looking ahead to 2030, experts predict that Gen Alpha, the tech-savvy generation immersed in AI and social media, will make up 11% of the global labor market. This generation values passion over traditional employment and seeks innovative benefits, flexible work arrangements, and inclusivity in the workplace. To attract and retain top tech talent, companies need to adapt to the changing needs and values of younger generations.
Santitarn Sathirathai, advisor to the Parliamentary Committee on National AI Strategy, emphasized the economic benefits of making Thailand a talent hub. With an aging population and a shortage of skilled workers, the country needs to attract more foreign talent to drive knowledge transfer and innovation. Offering a high quality of life for families, tax incentives, and creating high-end job opportunities are all part of the holistic approach to developing tech talent in Thailand.
Patama Chantaruck, Managing Director of Accenture Thailand, highlighted the importance of continuous learning and upskilling in the tech industry. Accenture’s partnership with Prince of Songkla University to develop cybersecurity courseware is just one example of how companies are investing in the next generation of tech talent in Thailand. The study by Accenture also emphasized the importance of addressing multiple dimensions of employees’ lives, including physical and mental health support, to unlock their full potential.
In conclusion, Thailand’s vision to become a premier tech talent hub by 2030 is well on its way to becoming a reality. With a focus on attracting global talent, fostering innovation, and investing in the future generation of tech professionals, the country is positioning itself as a key player in the global tech industry. By creating a supportive environment for tech talent to thrive, Thailand is set to become a hub for innovation and growth in the years to come.