East Ventures has again mapped out Indonesia’s digital competitiveness through the East Ventures – Digital Competitiveness Index 2024
East Ventures, a pioneering and leading sector-agnostic venture capital firm in Indonesia and Southeast Asia, together with Katadata Insight Center, today launched the East Ventures – Digital Competitiveness Index (EV-DCI) 2024. This marks the fifth edition since it was first launched in 2020. The EV-DCI 2024 research report maps Indonesia's digital competitiveness with the theme "Realizing Indonesia's digital sovereignty".
Improving digital competitiveness: Key to Indonesia’s sustainability
Indonesia has a large population of over 280 million and a rapidly growing middle class. However, it faces numerous challenges in sustaining its economic growth and improving the living standards of its people. One crucial area where Indonesia needs to improve is its digital competitiveness.
Learning from Eastern Indonesia’s climb up the digital competitiveness ladder
Boosting digital competitiveness in Indonesia’s eastern region has been known to be a hard task, influenced by various factors, such as the infrastructure readiness and the digital literacy of the population.
Ten Indonesian provinces scored the most outstanding digital advancements in 2022
Bengkulu and West Papua are two provinces with improvements in digital competitiveness over the past year that slingshot past even the main provinces of DKI Jakarta and West Java.
How Fuse advances Indonesia’s insurance literacy by leveraging the digital ecosystem
Although many insurance firms exist in Indonesia, and efforts to increase insurance access and literacy have been on the rise, the penetration is still shallow. This became the underline for Andy Yeung to bring technology to transform the insurance sector.
How Desty elevates MSMEs to thrive in Indonesia’s growing commerce ecosystem
Mulyono Xu, a local Acehnese man, had spent most of his life in China since he started studying in China almost 20 years ago. His seasoned experience in e-commerce solutions in one of China’s giant tech marketplaces, Alibaba Group, gave him a ‘time-travel advantage’, a fresh perspective on what Indonesians need as the country’s digital ecosystem matures and the solution for it.
Pushing financial literacy after inclusion
Financial inclusion is crucial for any nation to accelerate economic growth by improving equal financial access and support for doing business, such as transactions, payments, savings, credit and insurance. Financial inclusion will foster entrepreneurship and scalability, which will lead to reducing poverty and economic inequality in the long term.
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.