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Indonesia furthers e-commerce and innovation

According to a recent report, Indonesia is the largest e-commerce marketplace in Southeast Asia. The online transactions in the country have amounted to US$ 5 billion, while transactions through informal e-commerce have reached US$ 3 billion.

It is estimated that there are around 30 million Indonesian citizens who transact through online marketplaces.

In a recent Universitas Gadjah Mada conference with the theme, “Shaping the Future of Digital Economy: Trends, Opportunity, and Challenge”, it was expressed that the e-commerce marketplace is projected to grow 8 times more.

The projection is that it will grow from transactions that amounted to US$ 8 billion in 2017 to around US$ 55 – 65 billion by the year 2022.

There are several reasons why there is a rapid growth of e-commerce in the country.

One reason could be the rise in the number of smartphone users as well as the millennial generation who are driving the digital world.

Another reason could be attributed to the increasing involvement of entrepreneurs or small and medium enterprises (SMEs) in online marketing.

Add to that, the investment in e-commerce made and the government policies that were done in support of them.

Although a start-up agreed with the explanation that the rise of digital economy was accelerated because of the large number of internet users in Indonesia, there still exists a gap between e-commerce in Java and outside of the island.

It is expected that infrastructure development will boost the digital economic growth beyond Java.

The characteristics of the digital economy, which has been greatly shaped by the millennial generation, are straightforward, direct, and very efficient.

Digitising technology has become a necessity based from the studies made on the trends in digitisation on economy and business.

As reported, during the recent National and International Science Event with the theme, “Research and Innovation for Economy in Industry 4.0”, the Ministry for Research, Technology and Higher Education called on scientists and modifiers to improve their capacity to initiate, implement, and develop research.

Innovation from research is a key for the country to become a winner.  The scientists are encouraged to be more creative when developing innovation as this is much needed for the 4.0 Industrial Revolution Era.

Indonesia should be able to rely on its own resources and be able to spur competitiveness.

It is essential that the research and innovation produced by both higher education institutions and research institutions are in line with the needs of the industry.

With the onset of the 4.0 Industrial Revolution Era, there is a need for the reformulation of higher education priorities in order for it to become more relevant with the global development trend.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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