Every decade is defined by a central theme and its place in history, the last decade would be marked as a decade of disruption. In the past ten years, we have witnessed significant technological developments from smartphones, cloud computing to big data, and the Internet of Things. These technological innovations have revolutionized the way we live. The digital revolution has broken down the barriers to entry, resulting in a level playing field for its players. Previously, scale was required to achieve a competitive advantage. Now, it is the fastest innovators with faster revenue growth and higher productivity that becomes the world's most valuable asset. Today we have seven technology firms in the top ten most valuable companies, of which four of those have reached a market capitalization of more than $1 trillion. In 2010, there were only two.
Fast forward to 2020, the start of the decade was hit by a novel coronavirus that brought on new challenges all over the world, where no industries will be spared from further disruption. This disruption is unprecedented with unknown consequences and risk reversing the previous decades' economic and social progress. The pandemic has disproportionately affected the low-income class and SMEs, which account for a significant portion of developing nations' economies. In addition, traditional businesses that have not digitally transformed are at risk of being completely wiped out as they are no longer competitive.
Denne historien er fra October 2020-utgaven av Forbes Indonesia.
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Denne historien er fra October 2020-utgaven av Forbes Indonesia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
