Fajarasia.co- Minister of Cooperatives and SMEs Teten Masduki stated that collaboration between stakeholders is the key to the success of digital transformation of cooperatives and Micro, Small and Medium Enterprises (MSMEs).
Therefore, he appreciated Bank Indonesia for holding the Indonesian Creative Work (KKI) 2022, which became a forum for collaboration for many stakeholders in the field of digitizing Indonesian MSMEs.
“To BI colleagues, I invite them to continue to accompany Indonesian MSMEs in their efforts to make MSME products or native products made in the country dominate the marketplace and prepare competitive MSME products for the global market,” said Teten Sunday (29/5/2022).
According to Teten, digital transformation will encourage the resilience of MSMEs to become stronger in the midst of a wave of digital disruption and the COVID-19 pandemic leading to the post-pandemic. So, he continued, MSMEs are very important to prepare for digital transformation.
Based on World Bank research, 80 percent of MSMEs connected to the digital ecosystem have better resilience in the midst of a pandemic.
“Two things that I note, First is that this pandemic has accelerated the digital transformation of MSMEs throughout the world, including Indonesia. Second, after the pandemic, the need for MSMEs to optimize the digital ecosystem will be increasingly inevitable,” he explained.
As of April 2022, around 19 million MSMEs are said to have entered the digital ecosystem. This figure adds to 11 million MSMEs who have been onboarding since the beginning of the pandemic or 29.5 percent of the total MSME population, and are approaching the target of 30 million MSMEs entering the digital ecosystem by 2024.
In 2030, Indonesia’s digital economy potential is projected to reach Rp 4,531 trillion or become the largest in Southeast Asia.
This indicates the increasing importance of preparing a strategy for mentoring and developing MSMEs through digital technology.
“The digital transformation of MSMEs is a holistic endeavor. Not only in the marketing aspect, but also in building an ecosystem that includes business processes from upstream to downstream,” he concluded.****
