Indonesian SMEs encouraged to tap into myriad benefits of digital technology
Xinhua, Jakarta :
With a myriad of business opportunities awaiting in an increasingly digitalized world, players in the Indonesian Small-Middle Enterprises (SMEs) sector are being encouraged to seize the opportunities from such beneficial conditions in order to further boost their businesses.
Despite its dominating portion in the structure of the nation’s economy, the number of SME players in Indonesia extensively using digital instruments to expand their markets is still deemed insignificant, business observers have noted.
According to data released by Indonesia’s Industry and Commerce Chamber (Kadin), only 30 percent of SME businesses in the country are already using digital instruments and tools to expand their markets.
This figure is put into perspective when compared to the fact the sector comprises more than 60 percent of the country’s overall Gross Domestic Product (GDP).
Indonesian President Joko Widodo has initially set a target of 8 million SMEs business in the country “going online” by 2020.
Business consultant agency McKinsey Global Institute has said that intense involvement of digital instruments in SMEs business may boost the nation’s economic growth by 2 percent each year.
The agency also said that the use of e-commerce through digital instruments would further spur SME businesses by as much as 80 percent.
As such, becoming cognizant about the huge potential from becoming proficient with and using digital instrument technology in the Indonesian SME sector, comes highly recommended to business people to expand their respective markets and sales.
“The supporting technology exists at present. The access and acquisition of this technology is also relatively affordable, especially for SMEs,” Regional Head of Commercial Payments MasterCard Asia Pacific, Singapore, Philip Glickman told Xinhua.
“The key is getting the right people in the right position with the knowhow to use that specific technology,” Glickman said in an exclusive interview recently, during the 12th World Islamic Economic Forum held here.
With a myriad of business opportunities awaiting in an increasingly digitalized world, players in the Indonesian Small-Middle Enterprises (SMEs) sector are being encouraged to seize the opportunities from such beneficial conditions in order to further boost their businesses.
Despite its dominating portion in the structure of the nation’s economy, the number of SME players in Indonesia extensively using digital instruments to expand their markets is still deemed insignificant, business observers have noted.
According to data released by Indonesia’s Industry and Commerce Chamber (Kadin), only 30 percent of SME businesses in the country are already using digital instruments and tools to expand their markets.
This figure is put into perspective when compared to the fact the sector comprises more than 60 percent of the country’s overall Gross Domestic Product (GDP).
Indonesian President Joko Widodo has initially set a target of 8 million SMEs business in the country “going online” by 2020.
Business consultant agency McKinsey Global Institute has said that intense involvement of digital instruments in SMEs business may boost the nation’s economic growth by 2 percent each year.
The agency also said that the use of e-commerce through digital instruments would further spur SME businesses by as much as 80 percent.
As such, becoming cognizant about the huge potential from becoming proficient with and using digital instrument technology in the Indonesian SME sector, comes highly recommended to business people to expand their respective markets and sales.
“The supporting technology exists at present. The access and acquisition of this technology is also relatively affordable, especially for SMEs,” Regional Head of Commercial Payments MasterCard Asia Pacific, Singapore, Philip Glickman told Xinhua.
“The key is getting the right people in the right position with the knowhow to use that specific technology,” Glickman said in an exclusive interview recently, during the 12th World Islamic Economic Forum held here.
