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Increasing Potential of AI Tech Leads Indonesia to be Investment Destination

By Pramudita Selasa, 01 Oktober 2024 Pengunjung (9) 2 Mins Read
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inp.polri.go.id - Jakarta. Development of artificial intelligence (AI). Investors in the field of Technology, Information and Communication (ICT) are invited to make Indonesia an investment destination country.

The Minister of Communication and Informatics, Budi Arie Setiadi, revealed that ASEAN continues to experience positive growth in opportunities for AI contributions to the regional economy.

Where in 2020 it reached 1 billion US dollars, in 2022 it increased to 11 billion US dollars. "Private investment destinations for the AI ​​sector are still dominated by the United States, China, and the United Kingdom," he said.

He said the digital sector also continues to grow rapidly in the ASEAN region with the investment value of the ICT sector increasing. Therefore, he encouraged national digital technology ecosystem players to take the opportunity to develop AI as an innovation and solution.

Furthermore, he said the potential of AI is increasingly promising with the opportunity for competitive AI startup investment value. Namely, reaching 1 trillion US dollars against ASEAN GDP in 2030.

Meanwhile in Indonesia, the digital sector managed to attract approximately 22 billion US dollars of investment in 2023. Its market potential is also predicted to reach 210 billion to 360 billion US dollars in 2030.

Dominated by the e-commerce and online travel industries, transportation and food, and online media. The figure for AI's contribution to the Indonesian economy in 2030 is predicted to reach 366 billion US dollars.

"This sector will be Indonesia's economic growth in the future," he said, as reported by the RRI page, Friday (9/27/2024).

It was explained that this potential shows AI as emerging technologies or technologies that are developing and increasingly trusted in various sectors.

"As many as 73 percent of 700 global AI developers believe that AI will be adopted by their organizations. It could be in the next two years," he explained.

He also explained that AI is also trusted to provide solutions for various sectors in developing countries. Such as in the fields of education, health, public, and finance, as well as labor.

"In addition, AI also has the opportunity to increase economic productivity through automation and innovation. So that MSMEs are able to compete in the digital era," he concluded.

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