Data Ekonomi Digital

Summary

Indonesia's digital economy is booming, driven by rapid tech adoption and a young population. With the largest population in Southeast Asia, over 70% are productive, tech-savvy individuals. Despite challenges like market saturation and competition, the government supports digital transformation with policies like the 'Cipta Kerja' law. By 2025, the digital economy could contribute $124 billion to GDP, and by 2030, Indonesia could need 9 million digital talents, showcasing significant potential.

Takeaways

• 🌐 The script discusses the transformation of the economic landscape towards a new economy, driven by the acceleration of digital technology adoption across various economic sectors.
• 📈 Indonesia has significant potential in the digital economy, being the fourth most populous country with a large portion of its population being productive and belonging to the Gen Z and Millennial generations.
• 📱 Indonesia has over 345.3 million mobile phone users with an internet penetration rate of 73.7%, experiencing a 20% increase in internet traffic during 2020, particularly during the COVID-19 pandemic.
• 🚀 The adoption of Industry 4.0 technologies could propel Indonesia into the top 10 economies globally by 2030.
• 💡 As of October 2021, Indonesia has 2,229 startups, making it the fifth country with the most startups in the world, with many people relying on these digital-based companies for daily activities.
• 🏢 The World Bank survey indicates that these digital players are the most challenging aspect of digital market competition in Indonesia due to their sheer number.
• 📊 72% of respondents are concerned about the number of business actors in the industry, with 21% fearing market monopolization by big players and 7% citing small informal capacity as their biggest challenge.
• 🛍️ There are three frictions identified in Indonesia's digital economy: between online and offline traders, among online traders themselves, and between workers and entrepreneurs.
• 🛣️ The government has outlined a roadmap for digital economy development from 2021 to 2024, covering strategic sectors like digital infrastructure, digital governance, digital economy, and digital society.
• 📉 Despite current challenges, the government has introduced innovative policies like the Job Creation Law (UU Cipta Kerja) and other regulations to boost telecommunication network capacity.
• 💰 President Joko Widodo estimates that by 2025, Indonesia's digital economy potential could reach $124 billion USD, equivalent to 40% of the total digital economy potential of ASEAN countries during the same period.

Q & A

What is driving the shift towards a new economy?

The shift towards a new economy is being driven by the acceleration of digital technology adoption across various sectors of the economy and society.

What is the potential of Indonesia's digital economy?

Indonesia has a vast potential in the digital economy, being the fourth most populous country in the world with a large productive-age population and a significant number of digital users, especially from Generation Z and Millennials.

How has the COVID-19 pandemic affected internet usage in Indonesia?

During the COVID-19 pandemic, internet usage in Indonesia saw an increase, with a 20% rise in internet traffic, indicating a shift towards online activities.

What is the role of technology 4.0 in Indonesia's economy?

The adoption of technology 4.0 could potentially place Indonesia among the top 10 economies in the world by 2030, highlighting its transformative role in the country's economic growth.

How many startups does Indonesia have as of October 2021?

As of October 2021, Indonesia has 2,229 startups, and this number is likely to have increased since then.

What are the challenges faced by digital economy players in Indonesia according to the World Bank survey?

The World Bank survey indicates that the main challenges faced by digital economy players in Indonesia include a high number of market participants, the risk of market monopolization by major players, and the informal capacity of small businesses in competition.

What are the three frictions in Indonesia's digital economy as identified by the World Bank?

The three frictions in Indonesia's digital economy are between online and offline traders, among online traders themselves due to their large numbers, and between workers and entrepreneurs.

What steps has the Indonesian government taken to support the digital economy?

The Indonesian government has developed a roadmap for digital economy development from 2021 to 2024, covering strategic sectors such as digital infrastructure, digital governance, digital economy, and digital society. It has also introduced policies like the Creative Economy Law (Cipta Kerja) and the Electronic System and Transaction Law (Polser) to support the digital economy.

What is the projected contribution of digital technology to Indonesia's GDP by 2025?

By 2025, the potential of Indonesia's digital economy is projected to reach 124 billion US dollars, equivalent to about 1759 trillion Rupiah, which is 40% of the total digital economy potential of ASEAN countries during the same period.

What is the estimated need for digital talent in Indonesia by 2030?

By 2030, it is estimated that Indonesia will need around 9 million digital talents to support the growth of its digital economy.