Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

East Ventures Digital Competitiveness Index 2020: Uncovering The Opportunities of Indonesia's Digital Economy and Bridging the Archipelago Digital Divide


News provided by

East Ventures

04 Feb, 2020, 13:57 GMT

Share this article

Share toX

Share this article

Share toX

JAKARTA, Indonesia, Feb. 4, 2020 /PRNewswire/ -- East Ventures, the pioneer of Indonesia's early-stage venture capital scene, released East Ventures - Digital Competitiveness Index (EV-DCI) 2020, a comprehensive report of digital economy development in 34 provinces and 24 big cities across Indonesia.

The report outlined a picture of a digital divide in Indonesia, one of the fastest-growing digital economies in the world. The disparities between the rapidly developed digital ecosystem in Indonesia's urban area and the regions beyond it shows that Indonesia's digital journey has just begun.

Continue Reading
This image opens in the lightbox
East Ventures Digital Competitiveness Index 2020

East Ventures Digital Competitiveness Index (EV-DCI), a measurement that factors in 9 aspects relating to digital development, shows that the majority of Indonesian is ready to adopt digital services due to high smartphone ownership and internet access. Yet, EV-DCI's score for human resources and entrepreneurship is still low. Meaning, only a small number of Indonesians are utilizing technology to open businesses or improve productivity.

The digital divide also shows that the fast-growing internet-based companies that operate in the Indonesian market (six of those are unicorns), serves only a fraction of Indonesia's economy. By scaling up and extending their services across the archipelago, those companies have an immense opportunity to grow their business exponentially.

Some key highlights of the report:

Centralizes on Java

The provinces on the island of Java records the highest EV-DCI score in comparison to all other provinces. This evidently shows the gap between Java and other Indonesian regions. Furthermore, the EV-DCI score for cities highlights a developmental inequality seen by the huge gap between the city that ranked first, Jakarta, and the city that ranked second, Bandung.

Financial Disruption

The financial industry is one of the most affected by digitalization in Indonesia. In areas with a high EV-DCI score, banks close their branch offices at a faster rate. EV-DCI score is also correlated with a high disbursement of credit by fintech lenders and the number of branchless banking financial agents.

Talent Pool Shortage

The growth of the digital economy creates a more competitive talent market which produces a  pool of skilled workforce. Though areas with high digital competitiveness tend to absorb more of these professionals and skilled workers.

Several jobs such as administrative work, machine operators, and laborers are expected to be impacted the most by digitalization. Evidently, the number of these workers in the ICT, finance, and transportation industries has been facing the sharpest decline.

New Bali

Digital competitiveness in areas prepared to be the 'New Bali' such as Labuan Bajo, Lake Toba, Raja Ampat, Borobudur Temple, Mount Bromo, and Morotai must be improved in providing access to information, comfort, and attractiveness for foreign tourists.

Willson Cuaca, Co-founder and Managing Partner of East Ventures explained, "The digital economy promises inclusivity and equal economic opportunities for all Indonesians. However, Indonesia is often times only assessed from the development of certain big cities like Jakarta, while there are still many cities untouched by the promise of the digital economy. By allowing everyone to participate in the digital economy, Indonesia could convert demographic bonuses into demographic dividends; turning potential into reality."

The full report can be downloaded at east.vc/DCI

About East Ventures

East Ventures is the first early-stage investor in Indonesia and stands amongst the most consistently top-performing venture capitals globally with a constantly high IRR. Established since 2009, the firm has supported more than 170 digitally-enabled companies in Southeast Asia, with 130 companies founded in and operating in Indonesia.

East Ventures has worked alongside entrepreneurs to build Indonesia's digital ecosystem from the ground up since day 1. Spotting opportunities early, the firm is the first venture capital to support Indonesia's two homegrown unicorns: Tokopedia and Traveloka. The firm has since then invested in other industry themes, including supporting infrastructure to e-commerce such as Waresix (logistics), Xendit (payment), Kudo (offline to online), Shopback (e-commerce enabler), vertical commerce such as Sociolla (new retail beauty), media such as IDN Media (millennial and gen-z audience), Tech in Asia (tech audience), and Katadata (business and economy audience), SME support such as Mekari (accounting, tax, payroll), Moka (POS), CoHive (coworking), new retail such as Warung Pintar (FMCG) and Fore Coffee (on-demand coffee chains), and digital transformation such as Advotics (supply chain analytics) and Nodeflux (computer vision and AI).

Over the past decade, the firm has grown its Southeast Asian assets reaching US$1.2 bn under management for both the early-stage and growth funds. The firm has delivered more than 20 exits, including Kudo's acquisition by Grab, Loket's acquisition by Gojek, Bridestory's acquisition by Tokopedia, and multiple exits to both local and regional business groups. It has also attracted a total of US$4 bn in follow-on funding that fostered the growth of Indonesia's digital economy today.

Photo - https://mma.prnewswire.com/media/1085966/EV_DCI_01__1.jpg

Modal title

Also from this source

East Ventures, a pioneer in Southeast Asia's venture capital scene, closes its inaugural GP-led secondary transaction with Coller Capital

East Ventures, a pioneer in Southeast Asia's venture capital scene, closes its inaugural GP-led secondary transaction with Coller Capital

East Ventures, a pioneering and leading venture capital firm in Indonesia and Southeast Asia, announced today that it has closed its inaugural GP-led ...

More Releases From This Source

Explore

Banking & Financial Services

Banking & Financial Services

Financial Technology

Financial Technology

Financial Technology

Financial Technology

Computer & Electronics

Computer & Electronics

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.