Digital equalization in Indonesia can be adequately maintained through government and private sector collaboration, particularly in critical sectors, such as fintech, logistics, edutech, and health tech.
Heaptalk, Jakarta — Indonesia’s digital economy is experiencing growth supported by robust consumption and increasingly widespread digitalization. This matter can not be separated from the collaboration of various stakeholders in diverse sectors. The government and the private sector are working together to maintain the development of digitalization in important sectors, such as fintech, logistics, edutech, and health tech.
While preparing the East Ventures’ – Digital Competitiveness Index (EV-DCI) 2023 report, several stakeholders from government entities and the private sector collaborated to realize digital justice in Indonesia, including Indonesia’s Minister of Cooperatives and SMEs, Teten Masduki, who encourages the digital transformation of MSMEs through collaboration with e-commerce, Minister of Coordinating for the Economy, Airlangga Hartarto, continues to stimulate an environment for innovation of startup practitioners, and Minister of Tourism and Creative Economy, Sandiaga Uno, considers the collaboration with a startup is a necessity.
The growth of the digital economy continues to demonstrate a positive trend where to face in 2023. The proper strategy to retain the development of the digital economy in Indonesia is as follows:
- Equal distribution of digitalization
- Strengthening business fundamental
- Increasing strategic cooperation
- implementing an Environmental, Social, and Governance (ESG)
As delivered by the Partner and NextLevel Leader of PwC Indonesia, Radju Munusamy, “Indonesia‘s attempt to reach equitable digital requires collaboration from overall stakeholders. Stakeholders in the digital economy ecosystem include startups and established companies, government, investors, and the public. Forms of collaboration can be directed at equalizing digitization efforts, strengthening business fundamentals, and applying ESG strategy. These moves are expected to increase efficiency in creating added value that supports digital economic equality, which will increase the national economy as a whole.”
Perceiving plenty of challenges that all stakeholders must address, East Ventures‘ Co-Founder and Managing Partner, Willson Cuaca, emphasized continuing to back equal distribution of digital competitiveness in Indonesia and participating in developing Indonesia’s digital economy through several investments and East Ventures‘ programs.
