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Digital Economy

Two sectors will become new mainstays in the future, namely technology in the health sector (healthtech) and technology in the education sector (edutech).

By
A PRASETYANTOKO
· 5 minutes read
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KOMPAS/TOTOK WIJAYANTO

A Prasetyantoko

The good news of the successful testing of a potential COVID-19 vaccine by Pfizer and BioNTech with an effectiveness of 95 percent led a sharp drop in Zoom’s share price (The Economist, 21/11/2020). The news shows how we have become so dependent on technology during the COVID-19 pandemic. The discovery of a vaccine has the potential to reduce the performance of the technology sector. However, we will not return to the conditions in the pre-pandemic era. A few days later, Zoom’s shares rose again, although not to their highest level.

The “e-Conomy SEA 2020” report published by Google, Temasek and Bain & Company shows that since the COVID-19 pandemic, the use of digital services in the Southeast Asia region has jumped by 36 percent. Meanwhile in Indonesia, the growth is slightly higher, reaching 37 percent. In Singapore and Thailand, it is lower at 30 percent. Keep in mind, the population of Indonesia is 271 million people or 46 percent of the total population of the region. So, the increase has big implications in terms of the scale of the business.

Editor:
Syahnan Rangkuti
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