Capital and credit arranger ACEIS Capital has confirmed plans to roll out a network of “multiple data centres” across Thailand to support the national government’s Thailand 4.0 vision.
The hosting projects are to be developed under its subsidiary, ACEIS Electric and Power Co., a technology firm focused on the use of Artificial Intelligence (AI), Quantum Computing and Smart City Solutions for industry and governments.
ACEIS announced its intention to open dialogue with the Royal Government of Thailand where it is prepared to support the Thai government with a US$5 billion investment to outfit 100 Smart cities throughout the Kingdom with a proprietary, digital backbone infrastructure, which is capable of enhancing Thailand’s GDP exponentially.
The rollout of the data centres will provide the necessary digital infrastructure to support emerging technologies including 5G, smart cities, quantum computing, artificial intelligence, and machine learning, ACEIS said in a statement.
The data centres will also support Thailand’s requirements for advanced “post-quantum” data security, paving the way to strengthen and secure the growth of its digital industries while helping Thai economy recover from the Covid-19 crisis and enhance the nation’s GDP.
Dr. Albert Valentine, president of ACEIS, said: “ACEIS is ready, willing, and able to support the vision and mission of the Royal Thai government, whether talking about their [RTG] vision to develop the eastern seaboard under the EEC initiative, which supports Thailand’s 4.0 economic model; the development of Thailand’s nation-wide digital infrastructure plan to develop 100 Smart Cities throughout the nation; or their new concept being developed and formulated to support an economic rehabilitation plan post-COVID called the ‘4-D Strategies.”
In addition to the data centre rollout, the ACEIS Electric business unit in Thailand is set to also deliver a 5G platform to support the smart cities program.
ACEIS Chairman and CEO Salvador Ahumada, said: “At ACEIS, we call it ‘algorithmic transparency.’ Ultimately, governments will need to reconcile with the need to capture vast swaths of information from its citizens while juggling the issue of ethics around the governmental deployment of Big Data.
“The bad news is, I predict that, in five years or so, all encryption technology to date will be compromised with the implementation of AI and quantum computing and no one will be immune to this reality. The good news is that we at ACEIS have the one-and-only solution to defend against this, be it eavesdropping, intrusive backdoors, ransomware attacks – all this goes away with our platform. Thailand stands to be in what perhaps could be the most unique and advanced technological postures imaginable.”
According to consulting firm Frost & Sullivan, the data centre market in Thailand is growing rapidly due to digital transformation initiatives implemented by the government and increasing data centre adoption by small, medium, and large enterprises.
Emerging disruptive technologies can transform the businesses of an enterprise digitally. Increase in the migration of over the top (OTT) and content service providers (CSP) players, incoming investments from global cloud vendors, favourable government policies, and the emergence of disruptive technologies are the primary driving forces increasing the adoption of data centre services.
The Banking, financial services, and insurance (BFSI) sector is the prime driver of the demand for data centre services followed by the automotive, content provider, and retail sectors. The growing demand for hyperscale cloud services, increasing focus on the digitisation of businesses, and government expansion policies are also significant drivers for the data centre market.