Indonesia’s digital economy estimated to reach USD315 million by 2030

Big data management will be critical in maximising the future of Indonesia’s cloud technology industry

The Internet of Things (IoT) market in Indonesia is anticipated to reach USD30 billion by 2022, according to ASEAN Briefing. As IoTs become more prominent in Indonesian industries such as manufacturing, agriculture, and natural resources, the value of the technology will be realised to its full potential.

IoT is gradually being deployed throughout more sub-sectors of Indonesia’s manufacturing environment, changing traditional linear supply chains into interconnected digital systems that boost efficiency. This will be critical if Indonesia aims to be a top-ten global economy by 2030.

Indonesia is rapidly adopting cloud technology, attracting investments from the world’s leading tech companies. The country is quickly becoming one of Asia Pacific’s fastest-growing public cloud marketplaces, which can be attributed to an increase in digital natives and the rise of digital unicorns.

More: Digitalisation to drive Indonesia’s economic growth, ADB report suggests

Big data management will be critical in maximising the future of Indonesia’s cloud technology industry. It will also be vital in analysing consumer patterns in the country, particularly in monitoring digital footprints via social media platforms.

There have been several investments made as of late, but one of the most recent announcements was South Korea and Indonesia constructing the National Data Center for USD100 million, which will be built in Batam, Riau Islands, as reported by ANTARA News.

The Korean government intends to fund this data centre. The Economic Development Cooperation Fund (EDCF) and the Financial Ministry are now discussing the financing document.

The infrastructure’s goal is to speed up information and data synchronisation, as well as to ensure the president’s decision-making accuracy. The development will be helpful in boosting the country’s digital economy, which has the potential to grow to USD146 billion by 2025 and USD315 billion by 2030.

Batam was chosen for its underwater fibre optic network, which connects to Jakarta. Additionally, the city is in proximity to Kalimantan.

The Property Report editors wrote this article. For more information, email: [email protected].