8th Indonesia Economic Forum 2021

The Tech Revolution: Breakthrough Ideas That Will Shape Indonesia

Message from Founder: Shoeb Kagda

Perhaps the biggest story in Indonesia in 2021 was the merger of two digital giants – Gojek and Tokopedia decided to get together and form a new entity that will offer consumers e-commerce, ride-hailing, food delivery and financial services amongst other services.

GoTo, as the new merged entity will be called will have a combined valuation of about US$20 billion, making it amongst the largest listed companies in the country if it does list on the Indonesian Stock Exchange. With their combined strength and resources, GoTo will be a major player not just in Indonesia but regionally and perhaps globally.

The impact of the merger of these two digital giants goes far beyond their respective balance sheets. The new company’s operation and reach will open new opportunities in a host of sectors such as financial services. Consumer finance, merchant lending, transportation and last mile delivery systems.

Shoeb Kagda,
Founder Indonesia Economic Forum
Special Envoy for Climate Change Alliance

In the process millions of micro-entrepreneurs, mid-sized enterprises, investors and ordinary Indonesians will have the freedom to fulfill their dreams.

The 8th Annual Indonesia Forum will uncover new breakthrough ideas that will drive change, progress and growth. The Forum will bring together global experts, business leaders, policy makers, thought leaders and entrepreneurs to brainstorm and offer contrarian views of the future.  

The Tech Revolution is not only transforming Indonesia’s economy but also its society. Through technology, new jobs are being created; new business models are being developed; new ideas are germinating; and most importantly new wealth is being created.

From fintech to cryto-currencies; from healthtech to edutech; from sustainable financing to smart manufacturing; from water treatment to smart buildings, tech is driving change at a pace at an unprecedented pace. And these changes are taking place on a scale unimaginable just a few short years ago.

The arrival of 5G connectivity will transform the internet and how we communicate. By leveraging on the cloud, 5G will enhance capacity and thus have enormous impact on sectors such as entertainment, manufacturing and IoT, self-driving cars, property, industrial equipment and agricultural machines.

5G will personalize the internet, allowing individuals greater freedoms to shape their lives, careers and experiences.

By harnessing the tech revolution, Indonesia can find new pathways to economic growth, social progress and environmental protection. The economy can continue to grow in a sustained manner thus providing millions of Indonesians with new opportunities to improve their lives.

Access to opportunity is no longer determined by geography, historical inequalities in education or access to markets. Tech is the new driver of growth. How we harness its power will determine the future of this nation.

In today’s tech revolution, even the smallest idea can make it big in double quick time. Global investors are funding start-ups with good ideas, accelerating the process as never before. Today’s start-up can be catapulted to tomorrow’s unicorn in just a few short years.

Welcome to the age of ideas, fuelled by acceleration!!

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