"Thailand immediately picked up demand for the frozen shrimp, because they have a technology known as 'traceability,' Cheung explained, adding that implementing traceability has provided Thailand with a steep competitive advantage against neighboring countries.

Traceability, according to Cheung, is a means of tagging and identifying different kinds of products "from farm to folk." This technology provides users the guarantee that they are getting quality products, because they can identify that they came from quality sources.

Locally, Shinde said, there are still a lot that needs to be done when it comes to having a smart government. "We are in coordination with agencies and the CICT when it comes to determining governance and ICT policies that push towards this direction," he added.

Shinde likewise disclosed that the Philippine National Police is looking closely at crime data warehousing, a technology which houses all criminal data across all line agencies into a single system.

"Data by itself isn't useful. In fact, it can be overwhelming--unless you can extract value from it. And now we can. With the right tools, we're beginning to see patterns, correlations, and outliers," Cheung quipped.