Indonesia’s Inclusive Digital Economy Hub to build a digital economy that will reduce economic and social disparities.
Representatives from Mexico, Indonesia, South Korea, Turkey and Australia, otherwise known as the MIKTA organisation, have shown appreciation for the Inclusive Digital Economy (IDE) Hub. This is an initiative of the Government of Indonesia that offers a solution to accelerate the adoption of digital technology in order to reduce economic and social disparities.
As reported by the Ministry of Communication and Informatics, the IDE Hub is an Indonesian initiative, in the form of a portal, wherein information on accelerating the adoption and application of innovative digital business models are contained. The knowledge it holds is deemed useful for reducing economic and social disparities.
Special Staff of the Minister of Communication and Informatics for Digital Economy Lis Sutjiati explained that the experts coming from the MIKTA countries are excited with the potential of the IDE Hub. MIKTA member countries can adopt the hub’s business model within their own countries and be able to build a digital economy that will reduce their country’s Gini ratio.
The Gini coefficient is a measure of inequality of a distribution. The issue on economic disparities is encountered not only by poor countries but also by developed and developing countries. It was added that even rich countries face challenges on how to reduce these problems which are brought about by access issues.
The IDE Hub platform will act as the driving force behind the creation of a shared economy, workforce digitalisation and financial inclusion that will greatly benefit the lower socio-economic pyramid societies, the entrepreneurs, and the SMEs.
The idea behind IDE Hub came from how digital economic potential can be used as a tool to suppress economic and social disparities, which are grounded on Indonesia’s experience.
The MIKTA Innovation Group, a working group within MIKTA that focuses on entrepreneurship and SME collaboration, will be able to maximise the resources of IDE Hub as it explores commercialisation opportunities for new and innovative business ideas.
Informality, flexibility and diversity are considered the strengths of MIKTA because these principles enable members to freely exchange ideas and be able to explore breakthroughs in discussing global issues.
The 2-day MIKTA Experts Seminar on the Inclusive Digital Economy Hub aimed to obtain inputs for the development and adjustment of the IDE Hub developed by the Ministry of Communication and Informatics, in collaboration with PricewaterhouseCooper (PwC).
Director General of Multilateral Cooperation, Ministry of Foreign Affairs Febrian A. Ruddyard explained, “Through this meeting we hope to get input into Indonesia's initiative on the development of hubs (portals) used to promote the adoption of innovative digital business models.”
PwC Indonesia Advisor Mr Malcolm Foo explained that PwC Indonesia recognised the importance of the digital economy for Indonesia. The company’s participation in the formulation of the concept of IDE hub formation is in line with its core value of giving solutions to important problems in nation development.