Welcome everybody good afternoon to this. Schneider electric and the of the panel discussion dot powering the digital economy and a very warm welcome. As well to our audience who have just joined us online and we will be streaming this entire discussion on the facebook live its so wonderful to see so much Green out. There sorry. I proposed to the fever. I always feel like I'm not a professional electric event, but aurora mash featuring Island, but I guarantee you, I don't think there will be any haul tacos or a scrimmages. All the light we have a very civilized and enlightened discussion. Uh we're very lucky to have schneider electric cr John pascale Creek wohoo is gonna be joining me on stage in a couple of minutes and they're sharing his thoughts on the evolution of the digital economy and, especially the opportunities and the challenges and the way forward out here in the Asia and then, after that fire side chat with pascal will be presenting Ashore, video discussion of just some of the themes and that the issues are related to the evolution of the small cities. The dot and the digital economy in this region and then of course, we will have our panel discussion and which we really get into the thick of it and get into the weeds of the challenges surrounding the digital economy and, hopefully give you some ideas about the outlook and the way forward for the future so, without any further Do let me please invite to join pascal three quarter on stage to join me to COO for snider electric start. The ball rolling Good to see you good afternoon. Let me start by talking about this region earlier, we were having a conversation and he told me that Asia may be under estimating the evolution of the digital economy and the progress that its been making just elaborate on. That, for us. If you could, where is dasia standing right now and how far do we have to go as the Asia is in very good shape. On was trying to to to say that sometimes is under estimating itself on that on that on the Donate to digital and when you think about in the biggest semiconductor are companies hire other the biggest digital companies in Indonesia. Um you've got countries like Kenya with a worldwide reputation for their it on digital. On China need selfies is a is a world of itself for the digital so um Korea has been building the earlier smarter cities in the world, so when you do everything from the fundamental technology to the deployment of of the Department or digital pine nuts is your is actually in a very good shape. Now it remains the t-shirt is building the biggest cities is building the biggest manufacturing in the world and has been the biggest telecommunication networks of the world. So challenges on the opportunities numbers so Organization is one of those big mega trends that we're seeing unfold and Singapore has been leading the way, but even over here in Singapore, that's work that needs to be done there's something for knowledge gap in terms of how companies make that transition and even begin the digital journey so where is the corporate sector in that process and how it change makers and enablers like schneider Electric and policy bikers facilitating that transition that's a very good question. I think that transition to digital, which is the biggest industrial revolution with ever known, is affecting or part of the world. So it's not on the Asia which is which is doing that which is facing this issue uh we're all the corporations who are just in the infancy of the digital revolution, afraid to corporate the first 20 years of the Internet was lot about communication of people to people so changing the way we communicate together. We live together The next phase is the way really we operate our industries, our corporations into the digital age, so it's a lot about imagining new ways to work with digital actually rethinking everything. Digital. First, its a lot about risk killing people or finding the right parents to rethink the way we work on the way our environment on the official government can help is at the whole country is moving in one direction when our country is becoming the best bench test of Fermentation of, for uh, for, for companies so you see a lot of percent in the region, lot of industry four point zero agendas which are really pushing the industry. It is to go into Sen direction and to work together to digital because you need the food value chain. It seems that's good because when you start to join it is you feel very alone on you need your suppliers, your customers to go alongside the same journey on the fact that governments are putting together nation agenda um To have in the country is the best feel of experimentation on probably the best year in Singapore. We was declared to be a small nation from smart city smart living, smart manufacturing, smart trillion to the centers making sure that here you've got the best lab to deploy are the most advanced in the world. Let's get on to the concert controversial aspects of digitization and automation etcetera and that is he touched upon this earlier on the impact on jobs as we move closer towards a fully fledged digital economy At the that, as being a job creator or a job, disruptor to transform uh what we see is that changes the nature of the job of hard people. But the main objective of digital is to recommend the capacity to offer the capability of people so really give more possibility for the people. Thanks to where it seems to more better sensor to elevating some difficult part of the drug brother for food bathrooms and driving change in more into his supervision way of doing things on between create Of jobs, I'm the creator of jobs and services to make that last mile delivery which is normally playing in our field. We choose for instance, energy efficiency going back to existing buildings are making them deficient is creating huge amount of jobs that will not exist in before now. Do we have skilled people to do them at the moment know because most of, for 12 deeper into their was not exist in five years ago, so there again, we have to Governments, universities, technology code, school vocational schools to offer those new jobs to people who are already working on two new comers on the job market and is that message getting through to policy makers and governments and I'm talking about globally because right now that doesn't really seem to be along term discussion or road map with in policy circles within governments about rescheduling and adjusting To automate optimization and the application of the workplace that seems to be the discussion about trade-in about imbalances and that being the number one threats to job security. That does not seem to be a discussion of believes. All about rescheduling those are part of the discussions. I mean there's, a discussion about trading which is not completely related to the former on this discussion on risk. It is now finally happening on the believe that people are realizing that it's a great opportunity, but he changes alot of the academy mix in many of our schools, but it's nothing like what we've done in the And I was brought up in injuries before he was on the market so all can you be an engineer with the knowledge on wheel. Amps producing so today's our new trades, appearing Frank here at the bigger opportunities for the future. I would love to be starting my carrier now because opportunities have never been as wide on the interesting as what we see today, so think about it the increment of scene we're gonna be connecting in 10 times more objects and people today to the Internet every single round, big dot on the capacity to every good that the eye that we provide on it every single We're gonna put on the edge of semiconductors that would be in each product in part of our life and everything that goes together. The transformation of the way we live together because of that there are problems that are Associated with big data. Increasingly in today's context, the ownership of the day to the integrity of that data, how that data is going to be managed and regulated where do you stand on those very very vexed questions. John while first number we respect regulations. I'm in people who are working on establishing regulations, those regulations are different from one geography to the other one Come out to the, we change the way people manager, better that's one example on you're. Gonna have more that we are learning to manage all of that is the kind of self that we do. Of who we are and we're learning. How to own on how to share is that because it's not only about the only thing we can gain a lot by sharing the daughter, so that's one. We, after the on, we were Chris stakeholders to imagine our weekend better project people on and give them will access to the power is out better because that Uh in themselves don't bring March, but the intelligence you can put on it. Can really bring a lot of value to what you do. The big question seems to be as to whether the regulatory pendulum is in danger of swinging too far towards regulatory overreach are you worried about that's or all the regulators striking the right balance in this regulation. Evolving at the same pace to complements these technologies. I, that A very good question. Um frankie. I don't know how to answer that one at the moment. What I'm really attached to his openers because you tend to see uh when people get to Fred of something that goes too fast and carry something that goes fast. They try to project from themselves from that the evolution on that's fine. I mean that's respectable on that absolutely acceptable, but what is important and what we do is to make sure that you don't have too many digital environment because everybody we want to share I'm in the mission produce to China We go to Europe or we go on the mission projects in Europe. We go to in your on what is important is that we don't create like we saw another faith sectors at the beginning of those sectors, multi port standards that makes up conversions that until probability too difficult for the end users of the consumer because at the end of the day, if it's too complicated is out too many barriers to consumer would pay for it showed will leave it there. Thank you very much and data recovery and transportation and we will continue getting deeper into it during our How about to quality and I feel right uh what we gonna do next and we're gonna play a little bit of video and just set the stage really for the panel discussion that we're going to have and just talk about the evolution of the outlook of the digital economy click to listen With over two thirds of the world's population expected to live in urban areas by 20 50 our cities are turning into mega cities and technology is driving change at an unprecedented rate know where is the surge of growth. More apparent than across Asia. China aims to have 100 new smart cities by 20 20 while Singapore was recently named the world's best performing smart city leading the way in productivity and convenience and using technology to improve its residents quality of life that's the whole digital Lucian going on it's going to transform the way we live, work play, organize ourselves, mobilize our society. The creation of the economic community continues to lira lies the flow of goods and capital across borders simultaneously. The world is witnessing the swift rise of the Chinese consumer consumption is forecast to soon, replace investment as the key driver of growth the Chinese economy is projected to expand by 42 percent by 20 23 putting it on par with the USA very clearly No China will become uh wonderful or the number one market in the world and in listing today on the consumers of tomorrow is extremely critical. The race is on for the region to harness its consumer power and impressive human capital. Truly remarkable infrastructure projects and technological innovation, but how can team and able to build a strong foundation for future prosperity 13 point eight billion industrial connections predicted worldwide by 20 25 with China, accounting for one third of the global markets will this combination of Infrastructure with an already booming, it sector prove the perfect fuel for the powerhouse of Asia and we'll leaders in government business and technology to be able to seize the opportunities and overcome the challenges that innovation bring. Welcome to nbc is empty powering. The digital economy debate as we focus on the smart future for business and industry in Asian So, let's get our panel discussion underway. Let me just first start by introducing or up analysts the all new bones with us strategy and chief marketing officer for the apec region Chicago foam managing director of the big Thompson head of investing at the innovate and sweet are but it's a whole pronounce your name correctly managing director at Super Thailand rights uh let's get the ball rolling with iphone. If I could and let's start with the Singapore experience, we heard John pascal talking about singapore's digital evolution In pretty glowing terms, its already highly evolved the kittens he has called Singapore a small city, sandbox that's still a lot of work to do, but can we talk about turning the focus to next generation technologies and if so, what is the next phase here. Well, what John talked about what our effort to be a smart nation. I think, if you look around the world, many countries have smart nation agendas are smart city agendas so really in Singapore it's about getting down to the brass tax and making executing it That's what we're doing very and different views maybe, let me just give you an example. That's relevant to slide electric which is an advance manufacturing. We talk about alot about sensors in factories in order and that's great but how do you actually make it happen. Factory by factory on the ground and that's why we've been partnering companies like schneider electric we have an assessment. What we call an index because everyone needs a common language when people talk about industry, four point zero really it's all over the place you really need to Sent to everyone on what is it they're talking about what level are you at and then from that common language, everyone can then come up with a road map to say this is how I'm gonna upgrade so that's. The first step in which we uh. We took the second step was there for us to play the matchmaker between companies, whether it's companies like schneider electric welders honeywell, was emerson just various companies we're able to provide those solutions for them and then we can take the road that we take the solutions and we go and implemented in our factory's That is just a microcosm of of our largest smart nation agenda which encompasses various facets of our life, whether in terms of the economy, upgrading our economy, but also in terms of upgrading. How we play upgrading. How we live so you've seen some photos or a about our apartments. We are conducting experiments in terms of what the smart living means equipping home to censors, equipping holds the smart power meters the idea here is that we must look beyond just Individual projects we must look as simple as a sandbox, because singapore's only five million people really they're opportunities uh to much wider outside of Singapore. But we thinking about can't play. Your role as being attest bit so that you can prototype create new innovative solutions, because really the potential no one really knows how how big the potential right so you create those for the tights and then you can scared it up to the rest of the world that's the road. Everything and call me I'm just I'm just curious to know. Singapore seems to be Not quite a evolve stage in terms of the development of the roll out of the digital economy at this point, can we talk about the actual productivity games that have been generated as a result of this. It is still too early if you look at the last few years performance, yes, we are seeing some productivity game, but it is really difficult to attribute productivity performance to the actual things on the ground. You have to look at it in 10 20 year terms, but what we are doing as we know, what we're doing will help the economy will have to productivity and so We are focusing on getting down to execution on each of our um, but its so, if you look at the whole nation effort, we have what you called 20 - three industry transformation. Mets and we think government does not have all the answers. We got to bring together all people are workers'. We have to bring together companies and then we come together and say how do we transform the industry together, cover and put some money companies put some investments and workers have to comment the training that's that's the approach that If I can take the conversation to you just pick up where I left off talking about the pilot project, the motto seems to be when it comes to building out the digital presence, especially small cities. Think big start, small and scale so we talk about politics, skins on a very micro level is that does not continue to be the way forward and if there is real momentum behind this model now what's the next stage, nothing that's a good question because We always look at you know we've got big plans and obviously there has to be this overarching strategy. That's got to be apply to the things that we do, but actually, when you start know and we deal at the very micro level so we do what we start-ups in those looks that deep tech startups uh listen to investing in them, helping them grow from Singapore for the global markets so we encounter a lot of the hit reasons that a lot of uh companies worldwide face when they try to expand and the way in which we You find detect is basically science, express and engineering and apply to commercial purpose, so that was an extent defines the road map for the kind of companies we look at um it's right. Innovative-thinking knees. Othe that may have solutions are part of the solution for much bigger problem. That industry is looking for, but openly willing to collaborate to actually grow and once distraction then obviously There is alot more ability for this company to grow outside of nepal and we've got some examples of that. It came to Singapore. They worked with in the sandbox fintech in the finance sector. They gain some traction with the local banks and then now they are actually in the process of scaling out to the global markets. Thank you for that and uh sleep. If I can bring you in and you are uniquely placed to offer the experience of Thailand within the Southeast Asian context, give us the sense of the Experience that because mackenzie port Bangkok is a city in the Prime movers category, when it comes to building out the smart city, um model solid infrastructure is already in place, but it is under strain. One of the country specific challenges Associated with Thailand. So currently, what I would, we see in Thailand is that the country is booming, so they have a master plan for Thailand, four point zero to transform the economy to a Digital economy so if I have to take one specific project that would be the easter, economic corridor so that is a mother is one of the projects to develop the three promises that they have allocated as easy and we are located in that area and to focus on five projects within that area will be one is to improve the conductivity buyer so that means one of the reports that you have located in the area can't handle amount 800000 passengers in the future. It will be expanded to three million passengers so that will leave the infrastructure in Bangkok To go towards the another project is connectivity by real so having direct connectivity by real from the to Bangkok and other parts of the country. As well, and um expanding the Sea ports. So there to Sea ports in this region as well. So our focus on expanding so these are the 45 pilot projects of the government is focused on in uh improving the infrastructure is because those are the most um challenges that we are facing now in order to transfer to the digital economy and you guys are in the Pizza Center business so just give us a sense of how how much capacity there is and whether that capacity is coming on the strained because if you're talking about dates and solutions for critical infrastructure etcetera, that means big data gets even bigger. Have you got enough critical Mass to accommodate all of that. Yes so basically, our data Center is built in a modular design, so that means that we know that um I have two years coming is coming big data is coming and that there will be a need for You're hungry, um computing power, so we as a backbone to digital backbone. We are able to skill with the needs of our customers so if you look at our current footprint and I'm not talking only about 10 because outside island, we have alot of a big footprint and a lot of capacity. So here we can skill up to 60 mega want so that's quite unknown for Thailand, as well, so most of their data centres in Thailand maybe five mega water maximum 10 managua, so we are already predicting that in Thailand because of the digital transformation and so many devices will be connected in the future and people will use more and more data Generate more and more data and using big data to make analysis and using it to the benefits to improve the processes. The products and the services that they will need to send us like us and that we will never that they will never have a constrained when it comes to the capacity and then we talk about capacity. We talk about power and we also talk about cooling because these um heart, rare or they use a lot of computing power, so that means you need to be able to to call it efficiently as well So I would data centers, are built with the latest technologies whereby we provide on hundred percent he container platform to make sure that the heart island coal pile and I will never be blended in this case. We can cool up to 50 governance so that means all these cloud solution providers like Google and amazon um Microsoft they need these kind of capacity in order to meant to guarantee the performances to the clients so thank you for that. yes And I just say something I think it will be a mystic Lake view infrastructure in this region as under develop and in opportunities uh in relation to that because actually that is a real opportunity in fact, underdeveloped infrastructure has given rise to a new novel ways of working and you never ways of doing business. Let me give you an example the largest Bank and in donation today has about 12000 brunches that's the largest Bank brick and mortar branches, but with smartphone Nz and the penetration written is just growing exponentially. You find start-ups that can reach out and grow. Hundred thousand virtual Bank branches because every convenience store now the owner has one of these phones where people can buy utility superior utility bills. They can even shop in e-commerce I've seen a company that even enable someone to buy a unit, trust at the convenience store. Four dollars a day hundred of thousand virtual broadband branches In just one year right enables via phone so I see tremendous opportunity in this part of the world with this is why, even companies like Google, they set up what they call the next billion users initiative in Singapore because they're looking at the next billion users of opportunity in this region in Asia and what you're doing is you're looking at that can't travel that can be downloaded on November four forwards to provide a new kind of service and new kind of user experience that previously people never thought of because if you look at just developing for the development that's a completely different proposition We actually think the point you make is right on you know, and I don't think it's just funds and we are making everything intelligent like you think about hotel rooms. You think about text me so we drive-in causerie driving assistance and now showing up in all of these things in the past we're in animate objects and now we're making those intelligent as well so I think your ride, everything can become a place where we have an interface away a place where we can transact and you know, giving us a lot more capacity both from uh infrastructure standpoint but also a new way to uh you know, do Commerce into uh in the face and it change with other people as well to collaboration is a Increase the infrastructure of the need to increase and the opportunity to to grow is increased and they are give us aside itself. How that data can be secured because it's only proliferating yeah you know it's been about 10 years since we have started talking about the instrumentation of everything the interconnection of everything the intelligence of everything um bmw in terms of smarter planet, you know cisco were talking a lot about at the time and we've only seen the space just beginning to uh exponentially grow Over the last five years old, so it's not a very quickly it's getting faster and faster. Every single day and of course, the data we hear about your all sorts of terms, like the you know the explosion of ator of the great increase in data that we see everywhere. Well, we need to think about that in a much more careful way, wishing governments around the world. We were today to someone India just last week with the Indian government we're talking with experts and others from industry and we're talking about how that they don't need to have free flow That they don't need to be open and at the same time needs to be managed very carefully. Um we think about it today about 20 percent of the world's data is actually in othe the open demand. Eighty percent of that data is still inside companies. It's still there the advantages still with the incumbents um when we think about that. What do you companies want to do with your data. You know, we want that day to be private. We want that data to be secure. We wanna think about what it is that you should do. We want that day to be Used for retail transactions so to be advertised around or is that data something that should be between us and the company with dealing with this a big issues that need to be thought about and need to be debated and we need policy that is uh. But governments and companies and society working together to solve. I know that we can talk about data security uh, as apparel, late enough itself, but can you give me align them. How secure the data risen do we require a completely new global architecture in the system of Yeah that's not compromised so the reality is that with the exponential growth in in endpoints uh security has become much more difficult to read about you know the major hacks ago, along there are many, many millions of millions of attempts to access data earn systems of companies around the world every single day and I think what we're seeing is now a new technologies to fight back against that we're seeing artificial intelligence that can constantly monitor in points and see when something is behaving unusually see when the anomalies are there and actually start to take that in point down before That's a major hack that goes on now. There are major issues inside companies, as well. You know the scariest hack is the one from the employee on the inside of course, where they can put us in and take something out. But you know we we are constantly fighting this battle and I think you know the new advances in inside the war around AI think they're very important step for how concerned should we be about cyber warfare. Three involves increasingly state actors with a sound too alarmist but increasingly, there is a discussion in security circles about cyber Harder, waiting to happen is that a realistic proposition or has that being as threats that's been overstated, look every board needs to have aside to try to every board needs to be thinking about uh how do I prevent the attack and do I have a plan to respond to the attack when it happens. This is critical and you know we we are putting cyber warriors world class fiber service people each one of the Asian markets were looking at can be put side of ranges in place where you can go and test out uh your cyber ready to Cyber attack ready so that you can see how would you respond, but from a personnel standpoint, as well as how your systems will respond and how safe your data is. That every company needs to have a strategy in the space will be looking at how can I help as we deploying Mobile phones and other devices across our entire workforce is critical. Sam and in terms of the evolution of technology, changes, if I can bring you back id, come, we rely on Solely refining and upgrading existing technology and I think open source software is probably the best example when it comes to the development of small cities as opposed to waiting for the next big transformative breakthrough happening. No, I think the there's, a lot of new initiatives and lower than my evolutionary in nature. Obviously open source is very important. You know a lot of the latest platforms like more some developing China opens In nature, uh the truth is, if we look at how the digital revolution is coming about yourself to see a greater convergence between software hardware and now a little bit more on the biological site. So when you see the three of these things convert you start to see alot more complex the solutions coming up uh the privilege of actually sitting on the panel by the National science foundation in the us, whether they approved the development of neural network It's using biological petri dish so if you can imagine how it is evolving to what's biological state, you can see how complex things are becoming and obviously uh open source almost has got to be the way to go. Proprietary systems really strictly limit your ability to grow within that paradigm about open source allows a lot more participation globally and I think that's something that you know we have got to take a look at very careful That's why innovation, just to build on that, that's why innovations the agenda of our government and Singapore and we're dedicated about 19 billion dollars to research and in particular, if you look at just three phases because it's never it's never gonna be so clear. The longer the time horizon so our three phases in the short term, how do we translate already available technology into real world applications and that's it as a team to do that, but then we look at positioning how to reposition some of the emerging technologies, take for example, batteries solid-state batteries are coming up. How to read, invest money and etc relevant to the National agenda that would Help uplift our economy and finally, those are the lot that's the longshots the basic research stuff, whether it's, in terms of you know, people talk about blockchain, but actually one area that could completely transform cyber security will be the emergence of quantum computing. But all your encryption basically, you have to throw out the window and it's find new ways to secure your system so these are the ways in which we think about investing in innovation and working with companies like schneider electric again to try to position themselves to take advantage of all these three time horizons. How big is The digital divide right now and how do you think we can close the gap because that seems to be a conversation. Understandably scooters towards the development of small cities and yes, the city is a major driver of economic growth, but it's not the risk that the lower tier cities the provinces and the rural communities get left behind. Surely there's, a National strategy that is needed and see if I can bring you in here, do you have any thoughts within the context of Thailand, of how the digital divide can be narrowed so basically as I mentioned earlier about the time four point zero um And so in this master plan, it's also indicated indeed to develop these little areas and to have this rare is to be smart cities as well. So there is a plan and what we the government is doing together with the copper um organizations is to do road shows in the country and um educate other nation in these areas and and give them the information what would be the benefit if you would transform these areas to smart cities so that means improving the infrastructure in these areas So that everyone will have access to connectivity to um Internet, improve the Mobile network so this is the first step that the government is focused on in these areas. As well as developing the skills because it means most of the businesses in Thailand is focusing banker. Everything is happening in bangalore and up in these areas, so need to develop the skills of the shortage in um the staff and I'm making these areas attractive so the people will move towards these areas so we are a good example of that because we are located in the conference that this jamboree so there's, not a lot of um Corporate organizations in the area so for us, it was also anti um challenge to get the skills staff in an people moving outside um Bangkok tomorrow areas so we did that because we provide a lot of benefits to our um employees for educational program training are working together with the universities with the community in that area and that is what the government is doing as well with the specific areas in the market and in the eastern part of full time and thank you for that Me to let's take some facebook live. Questions for our panel just come in us, starting with the first one. How does the asia's how does asia's small business growth compared to the rest of the global market. If I can just talk on uh an additional elements that is five G and do we need to see five -day four G to really take the digital economy to the next level beyond you wanted to start with. Yes so, three is officially let's just talk about business so um business Back to business outcomes come from focusing on solving problems and what I see around the world and I just just moved from from Europe. I see an incredible focus on can we generate new revenue by changing our business model from all the data that we now seeing other ways for us to cut costs. Maybe improve maintenance cycles, be more energy efficient you'll find ways of taking cost out there was there up previously because we were working more on planned maintenance schedules or plan ways of addressing things, but now you know to which is which is feeding The day that we can see that you know this is the right cycle to maintain things. Imagine a plane with six million parts and needs to be maintained. All the time you know how can we do that. My smarter way and improve the transportation so I see around the world businesses getting benefit from from technology from cloud technology and this is a global digital revolution that we're watching I think trump is Cal said that very nicely earlier where the being beginning stage That's a major transformation so this is a global phenomenon. Uh now of course, is growing at unbelievably fast spaces. You know, six of the 10 fastest growing economies in the world. Iraq. It right here um and as such you know Asian businesses right. There at the full fan. We have pushing at the edges. You know wanting to be leaders in the space and so I see um you know great adoption of this technology throughout the region. I'm sure the technologies like five G will enable more you know they will be They will be cheaper. You know they'll be ubiquitous and allow you know more things to happen, but I really think the value the business starter business outcome. What are we trying to achieve more than his new technology. That we can take advantage of can I just uh are very fundamental questions of the panel and one that's a very topical questions as well the only talked about and talked about the global event that we're seeing in develop Pig developing the digital economy, more broadly is what we are seeing right now with this escalation in the trade conflicts with the fact that technology seems to be slap bang in the cross hairs of this dispute is that putting that roll out of the digital economy in jeopardy, um, I would say, far more important the way that we think about data and the way we think about skills. I think again, other discussion. You had history with which um pet scale about how we ready from a skill standpoint, is, is a much more important issue. You know I'll be developing people who can be data scientist, so we Developing people you can help us get new inside so if you think, as well as I think that we're trying to again from the standpoint, um we're looking right down at you know the school levels trying to think about new ways of preparing people for the future. We have a program called pathways to technology for uh colleges and high schools so we're rolling out around the world working with governments working with local communities and education providers to put new ways of learning in the schools To put technology in the schools to put use of data in the schools to start introducing technology earlier and then also doing you know projects apprenticeships in the like around it. So that when people come out of school, they go into the new color jobs that are emerging and so at that level is a lot to do and then there's the risk in killing the governments need to work on as well and I think there are great examples around the world, but more to do can I ask about the mountains high and then we'll get to see from our perspective that will be the will of August Whether you like and I've been to major powers come compete or have a terror of war, that's gonna have an impact, but that's it. The structural factors driving ages world is extremely clear here. You have about 600 and 40 million people you have the fastest rising Middle class and that's gonna drive consumption. You look at the age demographics 70 percent of under 40 so there's, no question and what China that's a 10 years agent easier and Who has been doing in five in terms of the growth of the ecommerce market and know that it's only gonna be enabled that's only gonna be boosted and new technologies come online as we are adopting new technologies like five G and so there is a lot to be optimistic about not understanding the macroeconomic environment of the ball so they say you wanted to, yes so, if I look at our country environment uh, we are well aware of this growth spurt that will come so what we do as As the government, what they do is they already prepared and set aside more than 200 million bucks to um came to produce thousand cyber security workers for next year. So what I'm trying to say with this is that we are working preventive to see how we can close this gap in the future because there will be here the economy will grow. It will boost in Asia and it might grow faster than in Europe and in the us with all the developments that are going on so we are Having debt as well as to get it all the corporations like international companies like us and the end and the government so that means that there is a well thought out plan how we will close this gap in order to make sure that we already so clearly there is very real action being taken to future proof the workforce. Let's just rip through some of these facebook live, questions and a very interesting about the effects of technology and sports. How it will Upcoming events like the 20 20 Olympics in Japan, also William jury, anybody want to venture opinion on that. We've shot and I think I just came back from Japan in fact, it was fascinating because I happened to be in the spirit and you know I, because he was rushing after the most natural disasters that can happen in the country and um basically by the time the had the chance to speak to some of the Japanese were developing uh our solutions for the 20 20 Olympics and what they're looking at really is a convergence again, all technologies with it together blockchain autonomous vehicles. I think that you know there's a lot of What that's gonna be done at the 20 20 years Olympics there's, gonna be uh autonomous delivery systems. They're gonna be robotic greet us and everything is sort of gonna be you know, it's like you need to be able to be linked up together in one big network such that people who aren't you before going. They are able to enjoy results. You know um understand what's going on at the different venues, all on the real time basis so I think that you know I would you would definitely play a huge role sensors cameras um virtual reality devices you own a handful and I'm using Is very broad sense because ultimately it's all about what is the end point for interface with the human or with the particular uh dimension that needs to be measured and then how is it. How is that information going to be disseminate. Maybe let me at not so much for the Olympics policy but if you look at the digital technologies in the start up in this region coming up with interesting and novel business models that improve all life take for example, brett which many of you might know as the votiva of Southeast Asia Now they are now dominating Southeast Asia and they don't just do right sharing. Unlike in the us, they do write sharing their payment system. They are expanding the food delivery because they're all reinforcing and you're going to more than just food delivery. They're looking at even grocery delivery they're looking as an add, an app that can essentially make your life more convenient and more comfortable so in that sense, of scrapping it out of different technologies in Japan you're gonna expect digital technologies to Premier true every single aspect of whether it's a sports man with its audience and you're gonna expect your life you're playing order to be much more integrated and to be much more And I just at one last point when I was in Japan, I happened to be in four k due at the time of the Earth, quick. My toilet had more netflix than my car. But when that first quick kit and all the electricity was cut. I couldn't even flush the point so I think that is something that we have got to be mindful and that's how we saw the built our technology stack. We have realize that you know everything. Technology is fine, but if you don't have the energy the power to drive it, everything falls flat so I think I That's something that we have to be mindful that so you have to resort to using conventional flash that you actually the worst part is they didn't, even has that option you're literally in the situation where you know there's, no water there's. No light does I'm just gonna hope that you know you're gonna get it back online. Quick alright too much information as the kids anyway, just rip through. Thank you for that. Let's just rip through another question. How do you see data monopoly meeting data controlled by few global conglomerates that's from my will lead And very topical question considering the coming regulatory backlash arguably, especially within the context against big data and companies that handle big day. So don't you want to venture that one. Yeah you know. I think we're going through any of that is being so that the platform you're as we all looked at um you know, a couple of very large companies develop out and be all about how much how many people we can get on there. How much percentage of the world, how much data flows there and you know you could get alarmed by that. If you thought that was the end of time I'm you'd give up and say, well, you know this big players to probably you know when the game I think the reality is that, as a city only about 20 percent only of the world's data is actually in the public domain and may be flowing around some of those very big platforms the eighty percent of the data is actually controlled by individuals controlled by the companies and that's actually data using public demand so I think the reality users we're generating you know, enormous amount today to every single day. You know today's we generate all that was generated from time zero to uh. You know two thousand five. I think, is the number that's that's quite a lot Everyday every two days, as much as that data with generating whole lot more and the key questions, gonna be what do we do with that data. How do we get value from that day. That how do we get the the dark data that is relevant away and how do we find the golden that and use that to drive business growth and to drive personal growth so I'm not so concerned about you know big companies who develop out and he wanna monetize data will do things with data and I think we need to think about the fact that eighty percent of that data Still you know inside the companies with the individuals and with technologies like analytics and like there's, a lot that we can get out of that data and get value from that data and it's really time for the companies who have that data to be the disruptions. You know to to be the people who change the marketplace. You change the industry and so that's the way. I think about can I just say that I think the phrase data is the new uh it's very UN helpful, because they don't The new of zero sum game is either you have it right now has but actually data is much more than you. Alright, because I can have the data. If I share of you, we both benefit because we can plan our day together and we can't be right more benefits and more value from that and yes, privacy is important. Yes, we have to take charge of security, but there are many ways and I'm sure technology will enable us to share they don't find the right a lot more value than what we already have to carry thanks for the very good question on Facebook live from crystal go who are what companies and technology has impressed. You, the most from the Asian digital economy marketplace, you'd like to take that they change well. He really putting me on the spot here. I'm very tempted to just list down all my portfolio coming from this know I think honestly speaking um. There are quite a few companies that impress me obviously when you talk about Asian digital economy, you can't ignore China and I China and Take your pick of five of the biggest companies and you probably don't go too far wrong. If you're to mention the bar, 10 cent by two um. You know the uniform of this so so I'm gonna can't find it really true to Southeast Asia, which is probably about closer to home and most specifically, maybe, let's just look at Singapore. First, I think the wonders impresses me most really is um grab Rep has been able to adapt the model that the itself and also offer uh inherited look that oh I prefer not to use the Copy but they try to adapt the model from and they adopted it for the, for the Southeast Asia region and I think I've done a very good job to the extent where they are pushing out competitors and if they continue in that vein, innovative vein uh to try and scale up, then I think that they have a very good chance to be a global player. I'm seeing incredible seats and uh at projects which is driving collaboration of 10 um seeing it in shipping in in terms of project trade lens, which was started with most together, but now has many, many Moving into aged very quickly and I'm seeing alot of excitement about the movement of update around with seeing projects around diamonds and ensuring that then upload diamonds that were buying by being out of trace back and actually see what the origin was of those diamonds I'm singing in the food quality space authority, food wasted is a tremendous problem. Nearly 30 percent of the world's food is actually wasted and when you think about poverty and you think about hunger in the world, you know what potential Uh they could be if we were able to do something to tackle that major problem and again I'm seeing what pain actually being applied to helping in that space as well. So I'm really excited I'm working on it right meaning increasingly the only feel I hate this conversation about the law as being an enabler as being this very transparent public ledger. Yes, that is there. I say it almost time proof it's not really gonna be at the coal offer these neighboring technologies ugh. I think it's gonna be underlying That supports alot of innovation, that will be built upon it, its not a magic wand, its you know it's very clear. You know what it is, but it's absolutely and the neighbor as he said, for uh, for innovation, I think, maybe I just step in the blockchain ugh, probably blockchain his current incarnation is probably not the best platform because of his scalability issues, but definitely, as you know, as it sort of develops and more technologies. I built on top of the hype alleged and I think it would fundamentally The data platform that would drive quality. I uh for the future right on that note, we've gotta wrap up our discussion. My thanks to everybody who was watching on facebook live and contributed to those questions to the panel and my apologies that we didn't get to any of your questions on my thanks of course to our panelists for providing such a stimulating discussion the UN human of changing phone off the talking in luke we had of investing at innovate and since what safe from Super nap in targeted by thanks to everyone, thank you very much indeed and thank you to the audience for uh joining our discussion