24 05, 2022

East Ventures launched the extended version of East Ventures – Digital Competitiveness Index 2022 with in-depth findings of 157 cities/regencies in Indonesia

2022-07-29T15:53:01+07:00May 24th, 2022|Press Release, East Ventures, EVDCI|

East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia, has launched the extended version of East Ventures - Digital Competitiveness Index (EV-DCI) 2022. This extended report is part of EV-DCI 2022 which was launched earlier in March 2022, and it provides in-depth information on the digital competitiveness among 157 cities/regencies in Indonesia.

16 03, 2022

Towards Indonesia’s digital golden era

2022-06-30T10:35:22+07:00March 16th, 2022|Perspectives|

In 2022, Indonesia is entering its golden digital economy era. For the past two years, the digital industry is experiencing rapid growth as a result of the pandemic acceleration. Not only did the internet penetration increase significantly, but society’s awareness to further utilize the digital sector as an economic propeller also escalated.

16 03, 2022

Digitization helps government in creating efficiency

2022-06-30T10:35:23+07:00March 16th, 2022|Perspectives|

We expect an increase in added value, employment, taxes, and of course, technological development. This development will result in higher efficiency. Indonesia will be one of the countries with the most unicorns in Asia or maybe globally since it provides a business-friendly environment. Hence, the strength of our digital economy will further expand its ecosystem.

16 03, 2022

The Importance of role model and success stories in digital transformation

2022-06-30T10:35:23+07:00March 16th, 2022|Perspectives|

Indonesia’s digital economy value in 2020 was around USD 40 billion and grew to USD 70 billion in 2021. This development is in-line with Industry 4.0 and digitalization in various sectors which are driven by the pandemic. For example, during the pandemic, the pre-work card program (Kartu Prakerja) was accessed by more than 70 million registrants in 512 cities. With the existing digital infrastructure, fully-digitalized Kartu Prakerja services could be accessed by the entire nation.

16 03, 2022

Encouraging digitalization of MSME to support economic growth

2022-06-30T10:35:24+07:00March 16th, 2022|Perspectives|

South Tangerang has high potential in two aspects: population growth and more educated populations. The captive market is already established, the local people are attentive to digital development, especially because the economic players are those performing in tertiary sectors, mainly trade and services.

16 03, 2022

The rise of tourism with digital transformation

2022-06-30T10:35:24+07:00March 16th, 2022|Perspectives|

The development of the digital industry has changed the need for workforces. The World Bank and McKinsey projected that between 2015 and 2030, Indonesia would need approximately nine million talented workforces in the digital sector. Therefore, we need a palpable breakthrough by the Ministry of Tourism and Creative Economy/Department of Tourism and Creative Economy (Kemenparekraf/Baparekraf) embodied in the Baparekraf Developer Day and Baparekraf Digital Talent.

16 03, 2022

Improving cluster KUR (Microcredit Program Kredit Usaha Rakyat) to accelerate credit absorption

2022-06-30T10:35:25+07:00March 16th, 2022|Perspectives|

According to IDEA, from 30 million MSME targets in 2024, 16.4 million have gone digital. It is a tremendous acceleration as it reflects a 105% increase from the pre-pandemic, where only 8 million MSMEs have onboarded digital platforms. To reach the other 13.6 million, we will encourage micro-scale businesses with small production capacity to onboard local platforms instead of the global-scale unicorn e-commerce, to avoid competition with big brands.

16 03, 2022

Digitalization as a crucial part of the development of Industry 4.0

2022-06-30T10:35:25+07:00March 16th, 2022|Perspectives|

A study conducted by the Ministry of Finance and the Asian Development Bank (ADB) entitled “Innovate Indonesia: Unlocking Growth Through Technological Transformation”, in which a survey conducted to 502 domestic companies, found that the level of technology adoption of companies in Indonesia is mostly in the basic category (64%), while for the advanced category, it is still relatively small (6%).

16 03, 2022

Integrated platform development for big data in the health sector

2022-06-30T10:35:26+07:00March 16th, 2022|Perspectives|

Internet of Things (IoT), digitization, big data, and Artificial Intelligence (AI) will affect not only health services delivery but also diagnostics. The fundamental aspect is the data. Health data needs to be standardized so that it can be easily accessed. In addition, data ownership must be clear. Aside from being owned by health facilities, each individual must also own the data.