Manufacturers have started participating in the digital economy aggressively and SMEs, too, will need to embrace it to march forward and remain relevant. The underlying digital infrastructure is becoming more and more available, affordable and reliable, not only in modern economies, but also in developing countries.
Southeast Asia is the world’s fastest growing internet region. It is expected to grow in value to more than US$200 billion by 2025. E-commerce is one of the key industries driving this growth rapidly at a whopping 32% annually and boosting the digital economy.
Digital economy is far beyond digital commerce alone. It is not only limited to selling products online, but along with e-commerce it encompasses areas like IoT, Big data, Cybersecurity etc. Participating in the digital economy not only helps in improving the revenue but it also delivers cost advantages and improves customer satisfaction.