Asia

Bernama – Big Data Can Support US$100 Billion Opportunity in Southeast Asia –

KUALA LUMPUR, Aug. 17 (Bernama) — Big data is growing rapidly in Southeast Asia, particularly Cambodia, Indonesia, Myanmar, the Philippines and Thailand, according to the Asian Development Bank (ADB).

In a newly released report titled “Harnessing the Potential of Big Data in Post-Pandemic Southeast Asia,” ADB uses digital technologies to deliver personalized distance learning and online job matching. will contribute US$77.1 billion to total revenue annually. Domestic production (GDP) of these Southeast Asian countries by 2030.

Similarly, using analytics, directing targeted health interventions to at-risk populations could increase the GDP of these countries by US$15.5 billion by 2030, they say.

“The application of remote monitoring systems could bring annual cost savings of US$9.4 billion to health systems in these Southeast Asian countries through reduced hospital visits, patient length of stay and medical procedures by 2030. Yes,” said a report released today.

According to the report, big data refers to data sets whose size exceeds the ability of common database software tools to capture, store, manage, and analyze.

This report is the last of four reports from a regional study to be completed in 2021 and funded by ADB technical assistance on policy advice for COVID-19 economic recovery in Southeast Asia.

The focus countries were Cambodia, Indonesia, Myanmar, the Philippines, and Thailand, utilizing ADB’s COVID-19 Pandemic Recovery Options facility.

Meanwhile, Elaine Tan, Advisor to ADB and Head of Statistics and Data Innovation in the Economic Research and Regional Cooperation Division, said that the government should be more timely and fine-tuned, especially in the current challenging environment. Data collected from agencies to enable policy development.

“The big potential for big data really comes from within government, that administrative data collected by various government agencies.

“If they can integrate them into one common database, it will create great potential to identify people’s needs quickly and formulate policies,” she said at a webinar held in conjunction with the launch. rice field.

To make policy and program decisions, governments should not focus solely on individual behavior, Tan said, and base decisions on aggregate data derived from the sum of individual behavior. Did.

— Bernama



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http://www.bernama.com/en/news.php?id=2111771 Bernama – Big Data Can Support US$100 Billion Opportunity in Southeast Asia –

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