Business leaders from New Zealand and Thailand are looking closely at a fundamental change in the world that has arrived with the monetisation of big data and related technological advances.
The opportunities and risks for both countries from the widespread adoption of sophisticated mobile devices are will lead to constructive technology partnerships between the two countries.
Traditional ICT security models are under threat by the rise of big data, the move to cloud computing, and the rapid adoption of smart phones. And the pace of change is increasing. World-leading information technology research firm Gartner predicts that, by 2020, 60 per cent of global enterprise IT security budgets will be allocated for rapid detection and response approaches - this is up from less than 10 per cent in 2013.
At a Gartner event in India last year the firm's vice-president Tom Scholz used the term 'perfect storm' to describe the change the tech world is facing. A 'perfect storm' occurs when a rare set of circumstances comes together to amplify a situation, resulting in massive change.
"We are faced with a perfect storm - the convergence of socialisation, consumerisation, virtualisation and cloudification that will force radical changes in information security infrastructure over the next decade," Mr Scholz says1.
"Organisations are changing radically - tearing down and redefining traditional boundaries via collaboration, outsourcing and the adoption of cloud-based services - and information security must change with them."
ICT Executive Roundtable
This global trend identified by Gartner was discussed at an ICT Executive Roundtable during a New Zealand Trade Mission to Thailand in November 2013. In attendance at the session were government and trade officials from Thailand, and executives, mostly chief executives or company founders, from some of the most progressive technology companies in New Zealand and Thailand.
The discussion was wide-ranging and encompassed the security and privacy issues that come with monetisation of 'big data'. The meeting examined the opportunities and risks posed by the massive increase in mobile devices, and considered the advantages of forming greater technology partnerships between the two countries.
The roundtable considered the existing trade relationship between Thailand and New Zealand; the state of Thailand's digital economy, notably the opportunity in mobile; New Zealand tech sector's capability in security and privacy; and next steps for New Zealand companies forming partnerships and expanding their presence in Thailand.
The opportunity for two nations
Thailand is New Zealand's 10th largest bilateral trading partner and the volume of goods trade has doubled since the Closer Economic Partnership Agreement (CEP) was signed in 2005. To date most of the trade from New Zealand to Thailand (74%) is in food and beverage products, most from the dairy sector.
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