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Jakarta Post

Digitalization a bedrock for growth

  • Pramodkumar Lakhmapure


Singapore   /   Fri, July 5, 2019   /  11:36 am
Digitalization a bedrock for growth No cash needed: Sutariyah, a 36-year-old food seller, prepares meals for customers in her food stall located in front of Al-Azhar University in Kebayoran Baru, South Jakarta. Her food stall accept cashless payments by using QR codes from some e-wallets such as Go-Pay, OVO and OttoPay. (-/-)

Accelerated digitalization is transforming the process industry — comparable to how the sharing economy has democratized access to jobs and income. Homegrown Southeast Asian based mobile application heavyweights, such as Grab and Go-Jek, have shown how digital innovation has disrupted the land transport industry. These super platforms have democratized digital access to local populations and provided great value to customers. At the industry level, accelerated digitalization is impacting high growth industries via increased productivity in Asia. Artificial intelligence (AI) gives process companies a competitive market advantage to advance strategically. According to MIT Sloan Management Review (USA), about 60 percent of industry executives believe that it is urgent for companies to develop an AI strategy and 87 percent believe that AI will help build a competitive advantage. ...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.