Chen was invited by the All-Party Parliamentary Group (APPG) for East Asian Business as guest speaker before approximately 100 attending guests. The purpose of the APPG is to facilitate the development of relations between businesses in East Asia and the UK.

“I am most delighted to share my views at the House of Lords on the rise of the Internet of Things and how we should embrace it,” said Chen.

“The Internet of Things has huge potential to transform our world and create many jobs for those on low income backgrounds as well,” said Lord Wei of Shoreditch.

“It was fascinating to hear of Acer and Taiwan's remarkable story as a leader in electronics and new emerging technology areas such as IoT.”

Citing industry statistics, Chen highlighted that the IoT which encompasses digital devices, communication network and cloud computing, would culminate into a huge application and service business exceeding US$250 billion in revenue by 2020.

Chen described that despite the mammoth size of data creation expected in the “big data era” there were still many reasons deterring users from choosing the cloud storage solution.

Chen expressed his hope for the IT industry players, including Acer, to work with the UK to overcome existing barriers, build the IoT network, and embrace the exciting future together.

The APPG, founded in 2011, brings together Members of Parliament and Peers to help improve the understanding of Britain’s trade with East Asia.