The Indonesia Defense University has signed a Memorandum of Understanding (MoU) for the cooperation of Tri Dharma Perguruan Tinggi and Improving the Quality of Human Resources.
The signing was carried out by the President Director of Len Industri, Zakky Gamal Yasin and the Rector of the Defense University Laksdya TNI Amarulla Octavian in the Mandalawangi Room, PT Len Industri (Persero) in Bandung earlier last week. The two parties have previously collaborated in the development of renewable energy and in the field of defence technology in 2018 and 2017.
This initiative was carried out by Len Industri and the Defense University in an effort to improve education, research, development of science and technology, especially in the defence sector by involving academics, government and industry.
The two sides then held a Round Table Discussion which discussed the theme of Interoperability Technology Design Based on Network Centric Warfare (NCW) to support the TNI Tri Matra Fiscal Opsgab with a goal of Improving national defence. NCW is a modern warfare doctrine that interconnects sensor and action units under integrated command and control.
Zakky in his remarks at the event emphasised that the synergy is expected to provide research contributions which later can be implemented to meet the demand for national defence and security needs. He confirmed that Len Industri has given full support to the implementation of Education and Training (On The Job Training), including the use of facilities according to the competencies to be achieved during this OJT.
A number of students and teaching lecturers also conducted scientific research and community service or OJT (On The Job Training) at Len Industri for 3 days from 4 to 6 November 2020. Students were encouraged to take the time to interact closely with the engineering team (defence electronics) of PT Len Industri (Persero). The partnership is optimistic that there is potential for joint research between the Defense University and Len Industry for the implementation of Network Centric Warfare (NCW) to produce innovations that are relevant to the needs of national defence equipment.
In his speech, the Rector of the Defense University explained that master and doctoral students could focus more on carrying out their research. He said the Sea Station for Sea Control in the Sunda and Lombok Strait could become a new market or business opportunity for Len Industri in the maritime sector. The Indonesian Defense University has succeeded in conducting research on communication and coastal surveillance radars that can be installed on the ideal coastal station for sea control.
The university opened in 2011 to teach “defense science from a military, political, economic, social and cultural perspective” for officers in Indonesia’s Armed Forces, known as Tentara Nasional Indonesia (TNI). Unhan also is open to civilians, according to its charter, “to produce an intellectual cadre of state defense.” Earlier in July of this years, plans for expanding the National Defense University, also known as Unhan, were made known. The expansion was aimed to foster expertise in fields of knowledge vital to Indonesia’s defence.
Plans include building facilities on 20 hectares to house Unhan’s growing departments of military engineering, pharmacy and medicine, along with maths and natural sciences. The expansion corresponds to the launch of a new undergraduate program for the 2020-21 academic year. Some of the lectures may be conducted online rather than in classrooms if the threat of coronavirus disease persists and requires such precautions.
Taking advantage of the rapid development of science and technology, the Ministry of Marine Affairs and Fisheries (KKP) has been continually striving to improve the overall context of people working in the industry. The Ministry has taken several steps to ensure a safe working environment in the marine industry, believing that ensuring the well-being of human resources is a basic right and an absolute requirement to compete globally.
Improving the context and environment of the industry has been carried out through training and counselling. During the COVID 19 outbreak, activities that were usually carried out face-to-face were hampered so that the KKP switched to the Digital System.
To implement this switch, the Statistics and Information Data Center together with the Training and Extension Center through the Education, Training and Extension Centers in various regions in Indonesia organised a range of programmes for people to improve their skills through breakthrough digital training ( electronic learning).
Differing from the general digital training, the programmes are conducted using models based on technical skills where participants are invited not to just watch, but also to interact directly with the trainers. This KKP digital exercise was integrated into a fisheries’ online learning application called “e-Net”.
Developed by the Center for Statistical Data and Information of the Ministry of Marine Affairs and Fisheries, the E-Jaring application can convert F-2F/manual learning/training material into digital form, allowing all marine and fisheries communities to get their learning materials online.
The materials offered are diverse, ranging from fish cultivators in floating cages or nets, seaweed cultivation, fish feed manufacturing, maintenance of fishing boat engines, making environmentally friendly fishing gear, to making various types of processed fish.
The E-Jaring application can be analogous to a class in cyberspace because there are teachers, instructors. Through the e-net platform, the KKP plans to train a minimum of ten thousand marine and fisheries communities in 2020 through systemised modules and materials. On successful completion of the training, participants will get a certificate.
Advantages of E-Jaring:
- Open to anyone interested
- No limits on time and place; can be accessed anywhere
- Training happens faster
- No onsite requirement for participants
- cost is much cheaper than F2F modules
The ministry is also building an online, mobile E-presence solution to facilitate employee performance during the pandemic.
The rapid development of information technology today has had a huge impact on people’s lives. Both government and citizens realise that technology can facilitate a better life, especially in terms of meeting service needs. The demands of society ultimately require the government to reform public services by improving the performance of public services and providing comprehensive services, which can satisfy all parties without discrimination.
Since mid-March 2020, when the pandemic epidemic began to rapidly spread in the nations, the government was forced to declare restricted movement orders, social distancing measures and other safety precautions. To mitigate the effects of these circumstances, the Ministry of Marine Affairs and Fisheries has been trying to deploy new solutions and technology, so that they can continue to provide services to the community to maintain a degree of continuity and normalcy in terms of the economy and societally.
The Center for Statistical and Information Data, together with the Secretariat General’s Bureau of Human Resources, has built an application to monitor the attendance and activities of employees both at the central and regional levels (UPT) as well as to find out the distribution of Ministry of Marine Affairs and Fisheries employees in an online location called ” E-Employee Presenci”.
Prior to the pandemic, employees attendance was done biometrically with the touch of a finger on arrival and return from the office during working hours. The Employee e-Presensi application is deployed on an online platform that is activated via a Desktop / Laptop or Mobile (HP). It also uses fingerprint recognition that can be used in a Work From Home (WFH) or Work From Office (WFO) context.
There are numerous advantages of this employee e-presence app as it can be used anywhere at any time. It does not require any additional equipment or machines and does not require a system or software installation.
From a management point of view, it makes it easy to analyse attendance data in real-time. Equipped with a location map (GPS), the app can be used to can monitor employees anywhere, ensuring their safety and productivity.
In respect of energy efficiency, Indonesia is currently sharply focussed on integrating online systems in energy digitisation. The Ministry of Energy and Mineral Resources plans to start measuring energy efficiency performance in the service / commercial sector which contributes to 45% of GDP and contributes to the final energy consumption of 6%.
“The selection of efficient end-Use equipment and demand-side management has a huge influence on energy efficiency performance in Indonesia,” said the Head of the Center for Data and Information Technology at the Ministry of Energy and Mineral Resources Agus Cahyono Adi at the virtual meeting of the G20 Energy End-Use Data and Energy Efficiency Metrics.
The COVID-19 pandemic is recognised as having changed people’s daily behaviour, which among other things has encouraged an increase in sales of goods through e-commerce during February to April 2020. However, Agus said, digitalisation has significantly increased efficiency and productivity and will become the new norm.
The implications of this new online digital paradigm and economic pressure not only affect energy consumption in the commercial sector but have changed the preferences of people and energy users more broadly in the choice of energy use equipment. The increasing online shopping in Indonesia will make it easier to collect data on the circulation of energy-efficient equipment, he confirmed.
Agus revealed that concrete steps are being taken to improve data management by developing an online energy reporting system, system-to-system integration, as well as great support in the fields of big data e-commerce, industry and energy to help analyse energy use and identify efficiency opportunities.
The energy in this sector is complemented by an energy end-use survey guided by the IEA which will make it easier to see indicators of energy use, especially energy conservation, as a support for the preparation of recommendations for energy efficiency measures and energy transition policies. This goal is in line with the focus of the G20 today, namely “Rethinking end-use data collection in the light of the global health crisis “which aims to have an impact on managing end-use data which is vital in making the right energy policy.”
Indonesia’s energy policy calls for 23% renewables in the national energy mix by 2025. An ambitious target, the Indonesian government is pushing ahead with reforms to jump-start the transition to renewable energy and green power is at the heart of their new paradigm.
In Indonesia, digital technologies are changing the face of the power industry but a coherent strategy is required to fully capitalise on the myriad benefits digitalisation offers. Digitalising PT Perusahaan Listrik Negara (PLN, State Electricity Company) will have significant benefits to the Indonesian power and electricity sector. The ministry and agency have been exploring solutions available to PLN that will facilitate their digital transformation.
Smart Grids are a critical tenet within the digitalisation pillar of PLN’s New Paradigm. PLN’s smart grid strategy and implementation of smart grids across Indonesia will facilitate the transition to renewable energy, while also helping to ensure a more reliable supply of power and help drive economic growth.
A recent policy brief presents and highlighted the most recent energy policy developments in The nation. It considered measures designed to mitigate the economic and social impacts of the COVID-19 pandemic crisis implemented up to May 2020. Current estimates predict that the COVID-19 crisis will significantly impact Indonesia’s economic performance and the energy sector in the country.
In the power industry, the government is reviewing plans to retire around 13 GW of fossil fuel power capacity and replace it with renewables to meet the target of 23% new and renewable energy in the national energy mix. The decreasing electricity demand due to the COVID-19 crisis has stressed PT PLN financials, which, as a consequence, is renegotiating independent power producer contracts. While the pandemic also puts the 35 GW plan at risk, new regulations affecting renewable energy sources have added some optimism to the sector.
The Ministry of Industry continues to play a strong facilitative role to encourage industry players in the country to take advantage of various digital technologies to improve. The ministry is keen to promote the use of modern technology to support the production and marketing processes more efficiently. The move takes on more significance in the light of the COVID-19 pandemic.
“One of the solutions in overcoming the national economic recovery is for industry players to make maximum use of technology in all lines,” said the Head of the Industrial Research and Development Agency (BPPI) of the Ministry of Industry, Doddy Rahadi in Jakarta.
The Head of BPPI explained that the application of technology, especially those based on industry 4.0, has the potential to produce product innovations according to consumer needs. This step will spur the competitiveness of the national industry to the global arena.
Moreover, the government has launched the road map for Making Indonesia 4.0 as a readiness measure and strategy for entering the industrial era 4.0. The main objective is to target Indonesia to become the top 10 countries with the strongest economy in the world by 2030.
The ministry is eager for industries in all sectors to adopt industrial technology 4.0 technology including the internet of things (IoT), Artificial Intelligent (AI), Big Data, Robotics, Cloud Computing and Nanotechnology. Doddy confirmed that there are 23 centres under BPPI spread across various provinces that can become partners for industry players in developing product innovation through the use of technology and research and development results.
Head of the Ministry of Industry’s Public Relations Bureau, Andi Rizaldi added that the Ministry of Industry has developed an online-based information system to make it easier for the public to get the latest information and data related to national industrial activities. “The information system is the National Industrial Information System (SIINas),” he said.
SIINas is an information technology development containing data on domestic industries, which is expected to monitor the development and development of domestic industries. This is in accordance with the mandate of the implementation of the Industrial Law No. 3 concerning Industry which includes various industrial data and technological developments.
In order to increase the capacity of technical services to domestic industry players, the Head of the Medan Industrial Research and Standardisation Centre (Barsitand), M. Nilzam, said that agency had built an information system in the form of an information dashboard, online video call room, laboratory information system and application facilities. All of which have been designed to facilitate testing and/or standardisation as well as online application for product certification.
In addition, Baristand Industri Medan regularly holds Industrial Customer Partner Gathering activities every year to expand working partners while increasing customer satisfaction with technical services provided to industry players.
“These efforts aim to support the improvement of services to our clients, and also as a medium to make it easier in the midst of the impact of the COVID-19 pandemic,” said Nilzam.
The central and regional governments need to work together to accelerate, spread and evenly distribute industrial development throughout Indonesia. This is another goal of the Ministry of Industry, the agency that facilitates the development of industrial zoning.
Industrial development is not only carried out through a sectoral approach which is realised through strengthening industrial structures and competitiveness, but also needs through a spatial approach which is carried out through industrial zoning development,” said Director General of Resilience, Territory and International Industrial Access (KPAII), Dody Widodo.
These developments and comments are in line with Indonesia’s concerted efforts to further drive the nation’s digital transformation journey. OpenGov Asia recently reported on the comments of Director-General of Small, Medium and Miscellaneous Industries (IKMA) of the Ministry of Industry, Gati Wibawaningsih. She confirmed that the ministry believes digital technology, such as cloud computing and the Internet of Things (IoT) is it is critical to boosting the productivity of the manufacturing sector, including small and medium industries (IKM) during the pandemic and the new normal thereafter.
Indonesia’s Ministry of Industry believes digital technology, such as cloud computing and the Internet of Things (IoT) is it is critical to boosting the productivity of the manufacturing sector, including small and medium industries (IKM) during the pandemic and the new normal thereafter. Such tech deployment would be in accordance with the Making Indonesia 4.0 roadmap.
Director-General of Small, Medium and Miscellaneous Industries (IKMA) of the Ministry of Industry, Gati Wibawaningsih in Jakarta acknowledged that the pandemic had become a global issue for business, especially with the necessary social restrictions. Implementation of distancing normas has caused a shift in lifestyle, work models and business methodology.
In order to reduce the impact of the pandemic, the Ministry of Industry is looking at ways to maintain the activities of domestic business actors by utilising Cloud Computing and IoT based technology platforms. According to Gati, the development of digital technology has led to the creation of many breakthroughs for the manufacturing industry.
The advantages of these two technologies are considered useful in maintaining the business continuity of the IKM sector. Gati conceded that such technology would have a big impact on the SME sector business, especially during this pandemic.
The benefits of using cloud computing range from digital security to network, data centres and capable servers. Additionally, the use of IoT systems will easily interconnect technology, information and communication.
To accelerate the adoption of digital technology in the industrial sector, Gati urged cloud computing and IoT technology providers to support the production process more. This collaboration would be essential to form a solution ecosystem that would bridge the needs of industry and society.
Sutedjo Tjahjadi, Managing Director a cloud business, said the technology makes work very practical and does not need to use large infrastructure; cloud computing can also minimise company expenses. In a digital era, computers are increasingly touching all of our lives, especially during this pandemic and moving online is a critical strategy that must be carried out continuously in future as well.
In line with these trends, the Ministry of Industry launched the Startup4Industry program that would bridge the needs of industry with startup players as technology providers. This program was launched by the Minister of Industry, Agus Gumiwang Kartasasmita under the umbrella of Indonesia Is Confident With Domestic Technology.
The Startup4 Industry program Directorate-General of IKMA of the Ministry of Industry, Endang Suwartini, said that the development of immersive technology needs the government’s attention because it is proven to be able to create new jobs and make the industry more efficient. For example, using Augmented Reality and Virtual Reality (AR / VR) during this pandemic has increased, initially being used for gaming has been effectively deployed for industry, education, training and tourism.
“The growing development of the AR/VR industry will encourage the electronics industry in Indonesia to start developing research and development for hardware development,” said Endang.
The Chair of the Indonesian AR/VR Association (INVRA), Andes Rizky, agreed this was the time for the Indonesian AR/VR industry to take grow and develop exponentially. Immersive technology as a new business field is recognised by the government through the publication of the 2020 Indonesian Standard Business Classification (KBLI) giving it formal legitimacy and a regulatory framework.
OpenGov Asia recently reported on the accelerated digital transformation of Indonesia’s Industry 4.0. The increased pace is being driven by efforts to increase productivity, efficiency and safety to adapt to the new normal brought about by the pandemic.
The Indonesian manufacturing sector is seeing comprehensive changes in businesses across the spectrum, that is leading to accelerated progress to Industry 4.0 standards. This increased pace is being driven by efforts to increase productivity, efficiency and safety to adapt to the new normal brought about by the pandemic. Speaking at a virtual event, Webinar of Industrial Powerhouse in the Making: Invest in Industry 4.0, Director-General of Resilience, Territorial and International Industrial Access (KPAII) of the Ministry of Industry, Dody Widodo felt that current transformation efforts are critical to encouraging economic growth and competitiveness of the country.
Digitisation and technology have brought a marked improvement in the productivity of the domestic manufacturing industry after being hit by the COVID-19. As of September 2020, the utilisation of the manufacturing sector reached 55.3%, an increase of 15-25% from the previous 30-40% at the start of the pandemic. He was confident that efficient and effective digitalisation would connect companies with domestic and international markets through an integrated supply chain network. Countries that have low transformation performance characteristics will face high costs due to unreliable capacity and efficiency, as well as major barriers to integrating and competing in global supply and value chains.
Dody acknowledged the undeniable role of the internet has had in changing the way of doing business, including in the industrial sector. Industry 4.0 is driving the increasing trend of automation, such as through the Internet of Things (IoT), machine-to-machine and human-to-machine interfaces, artificial intelligence, digitisation in manufacturing, and other advanced technologies. According to him, the new paradigm shift in manufacturing today is the result of the use of the internet which allows real-time communication between machines and humans- leading to an era of smart products and smart services.
To prepare for the Industrial 4.0 era, the Indonesian government has launched a road map for Making Indonesia 4.0. Initially, there were five sectors that received development priority – food and beverages, textiles and clothing, automotive, electronics and chemicals. However, learning from the pandemic, the Ministry of Industry has added two critical sectors to be included in the Making Indonesia 4.0 program – pharmaceutical industry and medical devices. With this, there are seven priority sectors.
These seven sectors are key sectors in the world economy and Indonesia is striving to become one of the major global players in these. The main goal is to have Indonesia in the top 10 countries that have the strongest economy in the world by 2030.
OpenGov Asia recently reported on the Ministry of Industry’s launch of the Startup4industry programme as another concrete step to implementing the Making Indonesia 4.0 roadmap. The nation is confident that this strategic initiative will bridge the needs of industry and the community with the role of startups as technology providers. Startup4industry, built on the theme “Indonesia Is Confident in Domestic Technology” 2020 aims to deeply technology to have a positive social impact on citizens and mitigate the impact of the pandemic in the industrial sector.
Investment in Industry 4.0 technology will increase competitiveness and added value and, to that end, the government has carried out various strategic activities as part of the implementation of Making Indonesia 4.0. These include 2019 Indonesia Industrial Summit, preparation of Indonesia’s 4.0 Industry Readiness Index (INDI 4.0), the IKM e-Smart program and the appointment of an Industry 4.0 lighthouse company in Indonesia.
To attract investment related to industrial technology 4.0, the Ministry of Industry has proposed various incentives for industry players, including a super tax deduction of 300% for industrial companies investing in R&D (including technology 4.0) and 200% for industrial companies investing in vocational education.
Further, to maintain business continuity of the industrial sector in the country, the Ministry of Industry has granted an Operational Permit and Industrial Activity Mobility (IOMKI) for business actors who meet the requirements based on Circular (SE) of the Minister of Industry Number 4 of 2020, SE of the Minister of Industry No.7 / 2020 and SE of the Minister of Industry No.8 / 2020. As of October 2020, 18,183 IOMKIs have been issued for various industrial sectors with total employment of 5.15 million people.
Having battled the global pandemic for more than 6 months and foreseeing its lasting impact in the times to come, it is important to ask how prepared we are for the life after COVID–19. What are some of the valuable lessons that we have learnt in the past few months that we must take with us as we venture into the ‘new normal’?
In an attempt to discover and delve into the answers to these questions, OpenGov Asia hosted an OpenGovLive! Virtual breakfast insight with financial industry executives based in Indonesia.
The timely and thought-provoking issues saw a 100% attendance and high engagement rate from the audience for the session.
Balancing digital transformation along with managing fraud and risk is a major challenge for banks
Mohit Sagar, Group Managing Director and Editor-in-Chief, OpenGov Asia set the tone for the discussion by pointing out that the new, transformed workspace is no longer a physical place that employees go to but a cluster of virtual work tools that lets employees stay productive anytime and anywhere.
This free and flexible style of working has posed a major challenge for the financial sector industry. They are under a lot of pressure to balance their digital transformation efforts with the increasingly stringent regulatory guidelines alongside managing stakeholder expectations.
Apart from being resilient, banks have to constantly ensure that they are compliant and not flouting any regulations to ensure their presence amongst other contemporaries.
Operational resilience, which was earlier a seldom-discussed topic in the boardrooms, has been elevated on the priority list of CIO’s.
Mohit also highlighted the fact that mere compliance is not enough to ensure survival in the post-COVID-19 world. Constantly pushing the envelope by innovating and thinking outside the box is more important than ever.
He left the audience with advice that to effectively manage these distinct aspects of their business, it would be expedient to seek help and support of partners who specialise in it and who can help them prioritise right in the new uncertain normal.
How SAS can help and support financial institutions in the post COVID era
After Mohit’s challenging opening, Anggaraini Rahayu, Director-FSI, SAS Indonesia, shared her insights on the topic.
Anggaraini began by explaining how SAS can support, help respond to sudden changes and mitigate risk for the financial institutions as they recover in the post COVID–era.
She shared that SAS is doing this by identifying the volatility in macroeconomic factors that are key drivers of change, building up data and analytics capabilities along the journey to recovery and getting ahead of the innovation curve and applying analytics for future strategies.
Anggaraini elaborated on the various trends and opportunities in the FSI that have emerged beyond the pandemic. They are enhanced focus on digital transformation, better integration of financial services to the monetary policies, the robustness of asset and liability management, heightened security risks and surge in contactless payments.
She also talked about the way SAS operates in the financial industry space by enabling effective operations and working with innovative solutions that are driving amazing outcomes for their customers. As SAS champions driving value from analytics, she some of their use cases across the financial institution value chain shared with the delegates.
Anggaraini delved into the biggest focus area of SAS I.e. risk management for banking and insurance industry. She shared with the delegates the details of the SAS fraud and security intelligence solutions and how it enables users to stay resilient and relevant in the post-COVID-era.
She concluded her presentation by sharing some successful implementations of the above-mentioned solution.
Speed of service delivery is of utmost importance in the new financial industry world
After Anngarani’s information-rich presentation, Gerard Mcdonell, Regional Solution Director Fraud & Security Intelligence, SAS came forward to share his perspectives with the audience.
In his very first slide, Gerard highlighted the importance of the speed of delivery in the post-Covid era. Banks and financial institutions are under a lot of pressure to meet the changing demands of their customers in this new world. The need to go digital for financial institutions in the current scenario comes with the downside of increased risk of financial crimes and fraud.
He underscored the need for speed by quoting Klaus Shwab, who said that in this new world it’s not the big fish that eat small fish but the fast fish eating the slow fish.
Gerard validated his statement by citing a recent example where a large European bank lost an opportunity to expand their market due to the lack of agility and velocity in their DNA.
He also echoed the sentiment that the pandemic has only exacerbated the situation for financial institutions forcing the unbanked population to make a leap to digital banking. This, on one hand, has added to the existing challenges for the banks but, on the other, has exposed them to a new customer base that they can tap on.
He went on to shed light on the ways AI can support them. They include accuracy and efficiency with compliance, quick identification of fraudulent transactions, fast and accurate credit scoring.
Gerard strongly advised the colleagues from the industry to embrace the latest advancements in AI to tap on this newly created customer base.
He concluded his presentation by sharing how SAS helped a major bank to significantly improve its fraud management by implementing the fraud management and credit authorisation solution together.
Learning to mitigate the effect of COVID-19 crisis in the financial sector industry
After Gerard, Alfanendya Safudi, Senior Vice President, Head of Credit Portfolio Risk at PT. Bank Mandiri shared his learnings with the delegates.
Alfanendya opened his slot by sharing that, just like the most of delegates and their organisations, Bank Mandiri had very limited visibility of the impact the COVID-19 crisis would have on the economy.
But early stress testing and contingency actions are key to mitigating the impact of COVID–19 outbreak. He ardently advocates stress testing as an effective way of mitigating COVID risk and also emphasised that the test needs to be updated frequently as well as supported by robust tools and systems.
He cautioned the delegates to not rely on a singular stress cycle and undergo multiple rounds of it as they did at Bank Mandiri.
Towards the end of his presentation, Alfanendya shared with the delegates how banks need to prepare as they move forward in the new normal. He also agreed that there is an increase in non-financial risks like fraud, scams, cyber-attacks etc. during the COVID-19 crisis that needs to be better prepared for in times to come.
After the informative presentations, it was now time for the more interactive part of the session: the polling questions and discussions.
On the question about your organisation having the tools to model out the P&L under a wide range of different economic and non-economic scenarios, a majority of the audience voted that they use traditional forecasting techniques, and they are good enough (77%).
One one of the delegated reflected that they are currently using the traditional techniques that are sufficient for now but they are also open to new technologies out there that can help them do it better.
On the question about the impact of the pandemic on their operational risk exposure, particularly relating to fraud and compliance, a major chunk of the delegates voted that increased online and application fraud, along with greater resource demands to keep AML/ KYC/ screening compliance under control have been impacted (50%).
A digital executive shared that increased online or payment fraud and application fraud are bigger impact areas in their organisation that they need to work on.
On the final question about the top priorities, while managing risk management portfolio, the delegates seemed divided between updating their legacy with a modernised risk infrastructure (36%) and using AI and machine learning for credit scoring, capital optimisation, back-testing and model validation and regtech (36%).
After the polling session, the Virtual Breakfast Insight reached a timely conclusion with closing remarks by Febrianto Siboro, Country Managing Director, SAS.
Febrianto began by thanking all the delegates and speakers for joining the session and sharing their insights with the audience. He encouraged the audience to make use of various AI/ML and analytics solutions by SAS to augment their service delivery and team SAS would be happy to entertain their queries and demonstrations for the same.
Indonesia is very serious about Intellectual Property rights and this is reflected in their policies and initiatives that have significantly revamped their IP landscape.
The Directorate General of Intellectual Property falls under the Ministry of Law and Human Rights DGIP Vision and Mission. With a vision to be an Intellectual Property Institution that guarantees legal certainty and a driver of innovation, creativity and national economic growth, it serves to achieve quality intellectual property services and enforcement.
There are three important pillars to improving intellectual property management in Indonesia including filing, commercialisation and law enforcement. The DGIP continues to communicate these three pillars to the regions and ministries of the relevant institutions, which in turn has had an impact on increasing IP applications with the DGIP, including patents, copyrights and trademarks.
Interestingly, Intellectual property registrations in Indonesia have increased during the COVID-19 pandemic
“It can be seen from the intellectual property registration income, that where we have implemented an online system, there were around Rp 250 billion (US$ 17 million) entries during March and April this year, up from the same period last year at only Rp 130 billion (US$ 8.8 million). This is beyond our expectations,” said Freddy Harris, the Director-General of the Intellectual Property, in the IP Talks From Home online talkshow via YouTube, as quoted from official information received by Kontan e-paper.
While only 3,000 copyrights were registered a few years ago, currently registrations have reached 21,000. Earlier domestic patent registrations formed about 10% of overall patent registrations but now makeup about 15%.
The DGIP has been successful in setting up virtual counters, the first virtual IP registration counters in Indonesia. “People have been very enthusiastic about the virtual counters, as seen from recent transactions. They no longer need to come to the physical counters because it is very risky for spreading the virus. With these counters, people are being adequately serviced and the DGIP’s acceptance rate has increased,” said Mr Harris.
Most recently, the Minister of Law and Human Rights, Yasonna Laoly graduated 139 new Intellectual Property Consultants (KIs). With this inauguration, Indonesia has 964 IP consultants. The inauguration of the batch of KI graduates is considered important by as IP consultants are a strategic piece to help protect the intellectual property rights of the community. Yasonna advised all KI consultants to always maintain integrity and trust – becoming consultants who maintain integrity, professional code of ethics, follow principles and obey the law.
The existence of KI consultant is intended to help and represent the public, especially intellectual property rights applicants such as creators, inventors, designers, rights holders or other parties who have the right to apply for registration in the field of intellectual property expounded Yasonna explained during the inauguration ceremony for KI consultants.
Not only in the intellectual property registration process, Yasonna said that IP consultants also have a moral responsibility to introduce the importance of IP protection to the public. IP consultants encourage Indonesians to protect their work as well as regional property through intellectual property registration.
KI consultants mobilise and encourage people to continue to be creative. According to him, research shows that the number of intellectual property applicants, be it brands, patents, industrial designs, or others, has a positive correlation with the economic growth of a nation. He exhorted the batch of consultants to encourage regions to register communal intellectual property as well as geographical indications.
In this connection, the Minister of Law and Human Rights (Menkumham) praised West Java’s contribution in terms of protecting communal intellectual property. West Java is one of the important economic pillars that contributes greatly to the field of intellectual property as a province with the largest brand ownership and geographical indication in Indonesia.
In addition, West Java is an exemplary province in developing regional regulations in the field of intellectual property, including communal intellectual property in the form of dances, traditional clothing and other cultures. These are all legacies that we must preserve because the progress of the times does not need to erode local wisdom.
Minister Yasonna is also optimistic that the Alam Santosa tourism village will further increase West Java’s contribution to the preservation and protection of communal intellectual property. With the Alam Santosa tourism village as a learning centre based on Indonesian culture to develop local policy insights as a contribution to the development of national cultural values, Kemenkumham is optimistic about West Java’s potential and contribution in the field of intellectual property in the future.