Examples of Digital Economy in Indonesia

Rancakmedia.com – The development of the digital economy in Indonesia is growing very rapidly, for that so that you know what are the examples and impacts, let's look at the information in the article we have provided below.

Digitization has been completed for all enterprise and government channels. because the use of digital technology has proven to be better, more efficient, and cheaper. In addition, the digital economy is growing the fastest anywhere in the world, especially in Indonesia.

Digitization facilitates all transactions, so it's feasible. When compared to traditional transactions, they are more efficient and time-saving than the alternatives. Thus, economic digitalization is very important for Indonesia's progress.

What is the Digital Economy?

The digital economy is all types of economic activities that utilize the support of information and communication technology. For example, marketing efforts or corporate transactions like these can impact the economy.

What is the Digital Economy

The digitalization of the economy is an extraordinary development. As cashless transactions make it more difficult for thieves and pickpockets to commit crimes, every transaction will be faster, easier and safer as a result of this change.

However, digitization does not necessarily have a good impact on the bottom line. This is because a digital-based economy requires a lot of security systems so that hackers don't easily hijack them. Since digital systems are very vulnerable to being penetrated by bad people, they can drain all of your assets.

Development of the Digital Economy in Indonesia

Indonesia's digital economy is still growing rapidly. This can be seen from the number of e-commerce sites that are mushrooming. In fact, some of them are able to grow fast enough to become a unicorn company.

This digitalization of the economy has proven to be a new opportunity for MSMEs. Because MSMEs can sell their goods and services more broadly, more simply and cheaply, As a result, even during a crisis or epidemic, these MSMEs can survive.

So, with the help of digital technology, a large number of companies and businesses survive and thrive. Jobs and the unemployment rate will both benefit as a result of this. In the end, this will have a good impact on the country's economy.

Development of the Digital Economy in Indonesia

Judging from Ernst & Young's data, the increase in e-commerce transactions has reached 40% per year. Meanwhile, the number of internet users in Indonesia reached 93.4 million people and 71 million of them were smartphone users.

From the two facts above, it can be projected that e-commerce and the digital economy will experience good progress in the future. Therefore, make effective use of digitalization of the economy so that your needs and your company can grow.

Examples of Digital Economy in Indonesia

Various laws and regulations and workshops are being used by the government to further develop and integrate Indonesia's current digital economy.

However, the practice of economic digitization has been going on for a long time in this country. Here are some examples:

Go-Jek and Grab in the Transportation Sector

Go-Jek and Grab, two of the hottest transportation companies in Indonesia, should be household names by now. In fact, these two large companies have significant economic influence on the movers in Indonesia so that the distribution of the people's economy is expanding.

Funds, OVO, Link Aja, and others for Payment Transactions or E-wallets

As we know, e-wallet is one of the most used applications by Indonesians today.

This is because e-wallet technology supports various forms of transactions. Therefore, the development of e-wallets is increasing from time to time and requires a lot of employees.

for Payment Transactions or Ewallet

Shopee, Bukalapak, Tokopedia, and others for Online Shopping or E-commerce

Apart from e-wallets, there is another form of economic digitization that is widely used in Indonesia, namely e-commerce. In fact there are certain e-commerce that are able to develop very quickly with their own market share in Indonesia.

However, surviving in this industry is not easy because the competition is quite tight. Of course there are many more examples of the form of the digital economy in Indonesia.

However, the three types that we have discussed so far are the most widely used and the easiest to obtain by urban communities in Indonesia.

Digital Economy Potential in Indonesia

Considering that Indonesia is included in the category of developing countries, it is not surprising that our country has tremendous potential in terms of the digital economy. Because there are still many spaces and aspects of economic digitalization that have not been fully explored.

As a result, Indonesia's digital economy will continue to grow over time and with current technology. It's true that you can copy a number of digital companies that already exist elsewhere, but there aren't many in Indonesia.

The Impact of the Digital Economy in Indonesia

Any change can have positive or negative effects, and this includes the digital economy. Some of the disadvantages of the digital economy are listed below:

Erosion of Some Jobs

Some jobs may be lost as a result of technological advances and advances in the digital economy. Because the process becomes mechanized, the need for human resources will automatically decrease, for example, such as kiosks, certain manufacturing employees, and others.

Erosion of Some Jobs

The Need for a Process of Transformation

In order to take advantage of all the advantages that the digital economy has to offer in terms of accelerating economic activity, specialists who master the necessary technologies are needed.

The Need for Sufficient Capital

The digital economy demands solid infrastructure, highly functional internet, strong mobile and telecommunications networks. This method may be time-consuming and require a large outlay.

Characteristics of the Digital Economy in Indonesia

To be able to survive and win the competition in the digital economy, you need to understand some of the underlying features. The conventional economy, as we have understood it to date, is very different from the digital economy. Companies that want to compete in the digital world often have to be prepared to make business changes.

In today's digital economy, we might expect to see things like:

  1. Knowledge
  2. All digital (Digitization)
  3. All virtual (Virtualization)
  4. Becoming a small molecule (Molecularization)
  5. Integrated (Integration/Internetworking)
  6. Without intermediaries (Disintermediation)
  7. Merging (Convergence)
  8. Full of innovation (Innovation)
  9. Producers as well as consumers (Prosumption)
  10. All-in-one (Immediacy)
  11. Worldwide (Globalization)
  12. Split (Discordance)

Benefits of the Digital Economy in Indonesia

The creation of several new start-up trends and concepts is one of the hallmarks of the digital economy. Google, Microsoft, Apple and Amazon are just a few of the many global giants born in the digital age. The digital economy also has the following advantages:

Promoting Internet Use

Technology and the internet skyrocket started in the United States of America and are now accessible to everyone around the world. The digital economy assures us that the internet will continue to exist and so will web-based companies.

Promoting Internet Use

The Birth of E-Commerce

The digital economy is driving the e-commerce movement. Not only direct selling, but buying, distributing, promoting, producing, selling are all made simpler with the digital economy.

Digital Products and Services

Gone are the days of DVD movies, CDs, or recorded music. Various entertainment in the form of media can be accessed online, as well as for banking and insurance goods.

Transparency

In the digital economy, most transactions and payments are made online. Transactions using cash are increasingly rare.

This process makes a country's economic system more open because every step can be traced.

Conclusion

The digital economy is growing the fastest anywhere in the world, especially in Indonesia. Every transaction will be faster, easier, and safer as a result of this change. Economic digitalization is very important for Indonesia's progress. The practice of economic digitization has been going on for a long time in Indonesia.

Thus the article about examples of the digital economy in Indonesia, all of the articles above can be helpful and useful for all of you.

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