Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development
This study aims to evaluate the challenges and opportunities arising from digital transformation and the digital economy, as well as their impact on human and physical resource development in the context of Indonesia. The methods used were a literature review and a qualitative approach. This study u...
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| Format: | Article |
| Language: | English |
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Financial University
2023-01-01
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| Series: | Review of Business and Economics Studies |
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| Online Access: | https://rbes.fa.ru/jour/article/view/299/224 |
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| author | Nina Farliana Indri Murniawaty Hanif Hardianto |
| author_facet | Nina Farliana Indri Murniawaty Hanif Hardianto |
| author_sort | Nina Farliana |
| collection | DOAJ |
| description | This study aims to evaluate the challenges and opportunities arising from digital transformation and the digital economy, as well as their impact on human and physical resource development in the context of Indonesia. The methods used were a literature review and a qualitative approach. This study used secondary data obtained from academic articles published in the last 10 years. Data analysis techniques include material collection, data reduction, analysis and synthesis stages, and drawing conclusions. The results indicate that digital transformation brings economic and social opportunities. However, challenges also arise, such as digital divides among different groups, the level of human resource development, data and online system security, and taxation issues. Obstacles to be faced include slow regulatory reforms, bureaucratic complexity, government promotion in various regions, and digital infrastructure limitations. Strategic steps that need to be taken include developing appropriate policies, fostering collaboration between the public and private sectors, enhancing cybersecurity capacity, and promoting digital transformation domestically and internationally to advance national and regional economies. The key conclusion is that the main impact of the digital economy on the Indonesian economy as a whole includes market share growth, increased brand awareness, expanded customer reach, ease of business transactions, and increased product variety at competitive prices. |
| format | Article |
| id | doaj-art-a79729a230894e7b91bf37b62e822635 |
| institution | OA Journals |
| issn | 2308-944X 2311-0279 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Financial University |
| record_format | Article |
| series | Review of Business and Economics Studies |
| spelling | doaj-art-a79729a230894e7b91bf37b62e8226352025-08-20T02:22:49ZengFinancial UniversityReview of Business and Economics Studies2308-944X2311-02792023-01-011142128https://doi.org/10.26794/2308-944X-2023-11-4-21-28Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future DevelopmentNina Farliana0https://orcid.org/0000-0001-8531-3302Indri Murniawaty1https://orcid.org/0000-0001-5399-2283Hanif Hardianto2https://orcid.org/0009-0000-3393-9493Universitas Negeri Semarang (State University of Semarang)Universitas Negeri Semarang (State University of Semarang)Universitas Negeri Semarang (State University of Semarang)This study aims to evaluate the challenges and opportunities arising from digital transformation and the digital economy, as well as their impact on human and physical resource development in the context of Indonesia. The methods used were a literature review and a qualitative approach. This study used secondary data obtained from academic articles published in the last 10 years. Data analysis techniques include material collection, data reduction, analysis and synthesis stages, and drawing conclusions. The results indicate that digital transformation brings economic and social opportunities. However, challenges also arise, such as digital divides among different groups, the level of human resource development, data and online system security, and taxation issues. Obstacles to be faced include slow regulatory reforms, bureaucratic complexity, government promotion in various regions, and digital infrastructure limitations. Strategic steps that need to be taken include developing appropriate policies, fostering collaboration between the public and private sectors, enhancing cybersecurity capacity, and promoting digital transformation domestically and internationally to advance national and regional economies. The key conclusion is that the main impact of the digital economy on the Indonesian economy as a whole includes market share growth, increased brand awareness, expanded customer reach, ease of business transactions, and increased product variety at competitive prices.https://rbes.fa.ru/jour/article/view/299/224digital transformationdigital economysustainabilityhuman resource developmentdigitalizationgovernancepublic policyprivacysecuritysme |
| spellingShingle | Nina Farliana Indri Murniawaty Hanif Hardianto Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development Review of Business and Economics Studies digital transformation digital economy sustainability human resource development digitalization governance public policy privacy security sme |
| title | Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development |
| title_full | Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development |
| title_fullStr | Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development |
| title_full_unstemmed | Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development |
| title_short | Sustainability of the Digital Economy in Indonesia: Opportunities, Challenges and Future Development |
| title_sort | sustainability of the digital economy in indonesia opportunities challenges and future development |
| topic | digital transformation digital economy sustainability human resource development digitalization governance public policy privacy security sme |
| url | https://rbes.fa.ru/jour/article/view/299/224 |
| work_keys_str_mv | AT ninafarliana sustainabilityofthedigitaleconomyinindonesiaopportunitieschallengesandfuturedevelopment AT indrimurniawaty sustainabilityofthedigitaleconomyinindonesiaopportunitieschallengesandfuturedevelopment AT hanifhardianto sustainabilityofthedigitaleconomyinindonesiaopportunitieschallengesandfuturedevelopment |