Is Indonesia fully harnessing the power of digitisation?
DIGITAL transformation is no longer something enterprises get to opt-in to or out of. It has become a business necessity driven by market forces. Adopting digital technologies will – other than boost productivity in all economic sectors – ensure the economic participation of all segment of the population of an individual country. And in a country like Indonesia, the potential is tremendous. Indonesia already boasts of the biggest digital economy in Southeast Asia, worth US$28 billion, according to a recent Google – Temasek study, and is expected to grow to US$100 billion over the next seven years. According to one McKinsey analysis, the country could add more than US$150 billion to its economic output yearly within a decade if it could fully harness the power of digitalisation. Government Initiatives Like many other countries that have undergone a similar digital journey, Indonesia realised that a sustainable and effective transformation requires a combination of private and public sector initiatives. Indonesia boasts of 93.4 million internet users and 71 million smartphone users, and the government is planning on improving the internet infrastructure across the country to connect the nation’s four main islands by the end of next year. SEE ALSO: Indonesia to develop Shariah-compliant blockchain gold exchange While no one government agency is directly responsible for digital transformation, the effort to boost the digital economy is shared and synchronized between a few ministries and departments in Indonesia, and spearheaded by the Ministry of Communication and Information Technology. The government has already pledged to support the digitisation of some eight million SMEs by the year 2020. ... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Is Indonesia fully harnessing the power of digitisation?, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you
Published By: ASIAN CORRESPONDENT - Monday, 26 November
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