EMPOWERING ASEAN 4.0
A digital future-ready
ASEAN business landscape
To empower ASEAN businesses to face the challenges of industry 4.0
Convene subject matter experts to discuss future 4IR trends and policy issues impacting ASEAN businesses
Showcase innovative 4IR ideas being developed for the future and/or currently deployed by businesses
Form regional collaboration or business initiatives to advance specific 4IR ideas
Through the propagation of highly disruptive technologies, the Fourth Industrial Revolution (4IR) is transforming social, political and economic systems. The right policies and programmes encompassing 4IR can help ASEAN achieve its goals and drive the regional economy forward.
THE Future OF FINTECH In ASEAN
Innovation in digital finance will lead to a cashless society and transform the way of doing business. Initial coin offerings (ICOs) of cryptocurrencies and crowdfunding are some of the new developments changing the business landscape. However, the most meaningful change the digitisation of finance could offer would be financial inclusion. Less than 5% of the global middle class, or 1.8 million people today, are able to access financial services and by 2030, this number is projected to grow to 4.9 billion. Financial inclusion could potentially alleviate income inequality through the democratision of wealth creation.
How 4IR will help SMEs
leapfrog into the next decade
Smart MSMEs have the potential to revolutionise the ASEAN economy as more than 90% of enterprises within the region are micro, small and medium-sized enterprises (MSMEs) and they provide more than half of the employment in the region. Digital integration in ASEAN would enable improved efficiency within and between companies and remove the physical distance between local businesses and individuals. The utilisation of smart machineries reduces reliance on manual workers while the use of data analytics efficiently tracks sales and the distribution of goods.
Affordable Smart Healthcare for the people of ASEAN
In the future, cyborg technology could be utilised by people with amputated limbs and “home” robots will be able to assist with elderly care. Currently, electronic record management, better diagnostic tools, connected medical devices and smart home services or tele-medicine are some of the innovations disrupting the healthcare industry. The utilisation of AI in healthcare will enable new types of preventive and remote healthcare, and accelerate the development of new drugs.
unlocking artificial intelligence potential for asean businesses
From self-driving cars to robots, artificial intelligence makes it possible for machines to learn from experience, adjust to new information and perform human-like tasks. In the future, automated transportation can reduce congestion and traffic accident rates while automation could be used for dangerous tasks such as bomb defusing. AI machines with big data capabilities could one day be able to identify trends and use the information to solve global issues such as climate change.
WHY SHOULD you ATTEND?
The Future of Fintech in ASEAN
15 August 2019 | Kuala Lumpur
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Established in 2011, CARI is the first independent, transnational research institute dedicated solely to the advancement and acceleration of the ASEAN integration agenda. CARI pursues policy research and promotes thought leadership in support of an ASEAN Community. CARI seeks pragmatic solutions and real policy recommendations to address challenges in ASEAN integration and connectivity.