Chair of the ASEAN Business Advisory Council (ASEAN-BAC), Arsjad Rasjid. Jakarta (ANTARA) – Chair of the ASEAN Business Advisory Council (ASEAN-BAC) Arsjad Rasjid has underlined the importance of digital transformation in the development of businesses in ASEAN, primarily to improve the region’s competitiveness in the global market. Moreover, digital transformation can open new market opportunities, improve customer satisfaction and empower micro, small, and medium enterprises (MSMEs), he said in a statement released on Thursday. Rasjid, who is also chief of the Indonesian Chamber of Commerce and Industry (Kadin), emphasized that Industrial 4.0 supported by digital technology and automation could help develop the industry. Indonesia is projected to be the leader in the adoption of artificial intelligence (AI) in ASEAN. AI businesses are also claimed to have a major potential in ASEAN given that the region’s economy is exhibiting the fastest growth in the world right now. According to the International Federation of Robotics (IFR), of the 517 new industrial robot units set up across the world, 74 percent are in Asia. Meanwhile, the World Economic Forum (WEF) has stated that digital transformation can not only make businesses more efficient and profitable, but also quicker and smarter in adjusting to […]
Digital transformation can improve ASEAN competitiveness
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