Digitalization is a new engine to boost the economy in Bali
Famously named the "Island of Paradise," Bali has relied on tourism to back its economy for decades. The travel and tourism sector has become the source of most Balinese people's livelihood. Therefore, the pandemic has brought extreme struggles for the province with a 4.3 million total population that relied heavily on the tourism economy.
From news platform to a complete media ecosystem, IDN Media’s dream of democratizing information
When Winston Utomo started his writing on a site called IDN Times, the article gained much attention from social media just a day after it was published. He realized that there was a fundamental shift in the young generation, which made him began his journey in building a media company. Together with his brother, William Utomo, the Surabaya-born brothers started the journey of IDN Media on 8th June 2014.
East Ventures launched the extended version of East Ventures – Digital Competitiveness Index 2022 with in-depth findings of 157 cities/regencies in Indonesia
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.
Towards Indonesia’s digital golden era
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.
Digitization helps government in creating efficiency
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.
The Importance of role model and success stories in digital transformation
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.
State-Owned Enterprises (BUMN) strategy to support acceleration of digital ecosystem
As more than 70% of the total population are internet users, Indonesia is on the list of countries with the most startups. State-owned Enterprises (BUMN) have driven a third of the country’s economy and are responsible for leading and making necessary breakthroughs in the future.
Encouraging digitalization of MSME to support economic growth
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.