MSMI Development Strategy in the

Era of the Industrial Revolution 4.0 and Society 5.0

Erni Puspanantasari Putri

, Supardi

, Luvia Friska Narulita

, Intan Kusumaningayu

Bonifacius Raditya Sri Pramana Putra

, Annisa Purnamasari

and Vincent Oktavianus Pranata

Faculty of Engineering, Universitas 17 Agustus 1945 Surabaya, Jl. Semolowaru No.45, Surabaya 60118, Indonesia

Keywords: MSMI, Development Strategy, Industrial Revolution 4.0, Society 5.0.

Abstract: Indonesia's economy is heavily dependent on its micro, small, and medium-sized industries (MSMI).

Approximately 90% of the workforce and 60% of their GDP contribution can be absorbed by MSMIs. The

sectional economy in Indonesia can be expanded through MSMI development. If MSMI wants to succeed,

they need a strategy to coordinate their company expansion activities. This will enable the company to

generate the highest profit margins. In the era of the Industrial Revolution 4.0, MSMI actors were compelled

to use information technology. In order to compete, MSMI must get ready for three things: having a high level

of digital literacy, being able to adapt to digital, and enhancing the product quality of MSMI. The ideas from

the Industrial Revolution 4.0 that already existed are supplemented with the idea of Society 5.0. In society

5.0, individuals can use several technologies from the Industrial Revolution 4.0 era to tackle various economic

and social challenges. There are seven competencies required of human resource professionals. These are

leadership, IT literacy, writing abilities, problem-solving abilities, critical thinking abilities, and creative

abilities.

1 INTRODUCTION

The industrial sector plays a crucial role in

Indonesia's national economic development, acting as

both a catalyst for growth and a pillar of the economy.

The ability of the industrial sector to absorb the labour

and its export-related operations can both result in

foreign exchange earnings. The industrial sector's

ability to absorb labours from capital-intensive,

labour-intensive, and high-tech industries, as well as

its ability to link and supply other sectors, are some

of its key characteristics. Other important

characteristics include: relatively high productivity

and ability to absorb labours for knowledge-based

and high-tech industries. The focus of government

policy initiatives is to revitalize and move the

https://orcid.org/0000-0001-6350-1732

https://orcid.org/0009-0007-4973-7694

https://orcid.org/0000-0002-3827-802X

https://orcid.org/0000-0001-9519-0983

https://orcid.org/0009-0006-3524-9860

https://orcid.org/0009-0007-1198-9984

https://orcid.org/0009-0000-9085-0874

country's industry by building an industrial region

with amenities that are welcoming to investors, such

as bonded logistic areas and special economic zones

(Putri et al., 2016).

Indonesia's economy is heavily dependent on its

micro, small, and medium-sized industries (MSMIs).

Approximately 90% of the workforce and 60% of

their gross domestic product (GDP) contribution can

be absorbed by MSMI. The sectional economy in

Indonesia can be expanded through MSMI

Development. Strategically speaking, MSMIs greatly

speed up the home industry. The following are the

four main defenses. MSMIs contribute to GDP, the

labor force, and the distribution of sectoral

community prosperity. MSMIs also have the

potential to narrow the income gap. The business of

292

Putri, E., Supardi, ., Narulita, L., Kusumaningayu, I., Putra, B., Purnamasari, A. and Pranata, V.

MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0.

DOI: 10.5220/0012103800003680

In Proceedings of the 4th International Conference on Advanced Engineering and Technology (ICATECH 2023), pages 292-298

ISBN: 978-989-758-663-7; ISSN: 2975-948X

 2023 by SCITEPRESS – Science and Technology Publications, Lda. Under CC license (CC BY-NC-ND 4.0)

MSMIs is typically a domestic one. Indonesia has

gone through two economic downturns: a monetary

crisis in 1998 and a global financial crisis in 2008.

The national economy is still strongly supported by

MSMIs. It is because MSMI continued to absorb

labor during these two economic downturns.

However, this is not the case when it comes to the

effects of the financial and economic crises during the

global coronavirus outbreak (COVID-2019). MSMIs

have developed into the economy's most vulnerable

sector. The economic crisis and the consequences of

the COVID-19 outbreak are once again putting the

MSMI's resistance to failure to the test in Indonesia.

MSMIs need to develop breakthroughs and strategies

in addition to government assistance if they are to

survive the economic crisis. MSMIs can thereby

improve the Indonesian economy. This is so that

MSMIs can continue to grow and compete in the face

of fierce global competition without jeopardizing the

existence of their companies (Putri and Aurellia,

2021).

Several things prevent the growth of the MSMI

firm, including: weak advertising and marketing,

producing products that don't meet market demands,

using inferior raw materials, having employees with

inadequate training or education, using inappropriate

fabrication facilities, using unmodern manufacturing

technology, having inadequate access to a resource,

still reliant on family support, high expenses for

manufacture, minimally innovative, and not having

enough distribution channels (Putri et al., 2017).

During the Industrial Revolution 4.0, MSMI

actors were compelled to use information technology,

such as digital marketing media, to meet commercial

difficulties. Product advertising on the internet is a

cost-effective and efficient way to spread information

about products and facilitate transactions. MSMI

actors must thoughtfully address opportunities and

problems in this era. It is divided into two sections as

follows: Firstly, it is needed for the consistency of the

quality and quantity of local products. Secondly, there

is competition for similar products in both traditional

and online markets (Rachmanto, 2019).

Humans are the main component (human-

centered) on a technical basis in the Era of Society

5.0. This era is a development of the Industrial

Revolution 4.0 concept. The divide between human

resources and artificial intelligence can be closed in

Era Society 5.0. If MSMI is able to transform through

digitalization, then it will gain significantly. MSMI

will be able to manage their businesses, such as

manufacturing cost efficiency, shipping,

warehousing, and even promotion (Rachmasari and

Arsanti, 2021).

2 MATERIALS AND METHODS

2.1 Micro, Small, and Medium

Industry (MSMI)

The MSMI sector is significant to the Indonesian

economy. MSMI are essentially businesses run by

people, groups, small business entities, and homes.

Due to its significant contribution to economic

progress, MSMI's presence in Indonesia is heavily

considered.

The following describes what a micro industry is:

(i) privately founded, economically successful firms;

and (ii) a single person combining several businesses.

The following are the requirements for the micro

industry: (i) have a net worth of at least 50 million

IDR (excluding land and buildings); and (ii) make at

least 300 million IDR in sales each year. The

following describes what a small industry is:

productive economic companies that were founded

privately; and Small businesses that are independent

enterprises do not belong to a division of a larger

corporation. The following are the requirements for

small businesses: have net assets worth between 50

and 500 million IDR (excluding land and buildings);

and hold yearly sales revenues worth between 300

million and 2.5 billion IDR.

The definition of medium industry is as follows:

(i) economically successful private enterprises; and

(ii) they are individual enterprise aggregations and do

not have a subdivision into small or large enterprises.

The medium enterprise's criteria are the following: (i)

have net assets ranging from 500 million to 10 billion

IDR (excluding land and buildings); and (ii) hold

annual sales revenue from 2.5 billion to 50 billion

IDR (Putri and Aurellia, 2021a).

2.2 Development Strategy

The development strategy seeks to analyze both

internal environmental conditions (weaknesses and

strengths) and external environmental factors

(opportunities and threats). The strategy to be used

considers alternatives. Environmental analysis is the

process of determining a company's competitive

advantages. These strategies have the following

benefits: (i) the company can use them successfully;

(ii) a profile of resources and excellence can be

developed; (iii) the profile can be compared to the

secret to success; and (iv) the key strengths of the

industry can be identified to develop strategies to take

advantage of opportunities, reduce weaknesses, and

avoid failure.

MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0

293

Companies need a plan to organize their business

growth efforts if they want to be successful. As a

result, the business will be able to make the most

profit possible. The following are the five business

development strategies: (i) Market-share tactics

include selling goods or services in the same market;

(ii) Hunt strategy involves selling goods or services

in different markets; (iii) Farm strategy involves

looking for new clients to maintain long-term sales;

(iv) New product strategy involves developing new

goods to boost brand competitiveness; and (v) The

acquisition strategy involves increasing market share

(Putri, 2016; Putri and Aurellia, 2021b).

2.3 Industrial Revolution 4.0

The industrial revolution marked a significant shift in

how people use resources and create commodities.

The advent of mechanical manufacturing facilities

employing water and steam power coincided with the

first industrial revolution towards the end of the 18th

century. The industrial revolution is still evolving

today. The fourth industrial revolution, sometimes

known as "4.0," is now under way. Cyber-physical

systems are prevalent in practically every human

activity throughout this time period, and

communication between people, machines, and real-

time data is pervasive. According to some,

Revolution 4.0 is more complicated, expansive, and

large-scale than its predecessor. The journey of

Industrial Revolution 4.0 is described as follows: (i)

Industrial Revolution 1.0 (end of the 18th century):

This era saw the introduction of mechanical

production facilities powered by water and steam

power; (ii) Industrial Revolution 2.0 (early 20th

century): Society began to recognize mass production

based on the division of labour; (iii) Industrial

Revolution 3.0 (early 1970s): This era saw the

introduction of electronics and information

technology to automate production; and (iv)

Industrial Revolution 4.0 (currently ongoing).

There is no doubt that the interference of a system

or technology is part of the Industrial Revolution 4.0.

In essence, Industry 4.0 forces business stakeholders

to allow computers to connect and communicate with

one another so they may finally make choices without

human intervention. Smart factories might be

produced as a result of Industry 4.0. The Internet of

Systems (IoS), the Internet of Things (IoT), and their

integration make it possible. The industry's key

players have long placed great significance on time

management. The presence of this circumstance may

boost output. In addition, good time management will

have an exponential impact on the quality of labour

and production costs. The Industrial Revolution 4.0 is

a change in the industrial sector of the world. The

internet and technology's quick development have an

impact on it. There are eight technologies that are the

main pillars in developing the industrial revolution

4.0, namely: the Internet of Things (IoT), artificial

intelligence (AI), big data, argument reality, cyber

security, addictive manufacturing, system

integration, and cloud computing (Winastya, 2021).

2.4 Society 5.0

A concept known as "society 5.0" enables people to

use contemporary technology-based science (such as

robotics and artificial intelligence) to suit their

requirements and make life easier. Understanding

earlier generations, from Society 1.0 to Society 4.0, is

equally crucial to comprehend the growth of Society

5.0. I Society 1.0: The era of hunting, when people

had not yet learned to write; (ii) Society 2.0: The era

of agriculture, when people had learned what plants

were appropriate to plant; (iii) Society 3.0: The

industrial era, when people started using machines for

daily tasks; (iv) Society 4.0: The era of computer

technology on the internet to support human

activities; and (v) Society 5.0: The technological era

in which technology permeates every aspect of

human existence.

Humans are the primary element of Society 5.0

since they can invent new values through

technological advancements. It is anticipated that this

progress will lessen social inequalities and economic

issues. The growth of technology has significantly

altered how humans play a part in society. Machines

have been able to take the place of many jobs. Along

with this situation, human capacities are also

developing in new ways, such as by: (i) enhancing

self-worth; (ii) expanding job options; (iii) enhancing

abilities and streamlining labour; and also (iv)

enhancing welfare (Sitanggang, 2022).

2.5 Relations Between Industrial

Revolution 4.0 and Society 5.0

The revolution idea that started in Japan was more

focused on the contribution of people in shattering the

"Industrial Revolution 4.0" paradigm of

advancement. This indicates that in civilization 5.0,

people will need to be more capable of thinking

critically, solving complicated problems, and being

innovative. Global human existence will be impacted

by the availability of high technology with

automation and data interchange trends in the

Industrial Revolution 4.0 period, such as cyber-

ICATECH 2023 - International Conference on Advanced Engineering and Technology

294

physical systems, the Internet of Things (IoT), cloud

computing, and cognitive computing. These

circumstances lead to unrest, doubt, complexity, and

ambiguity. The existence of Society 5.0 provides a

remedy for these effects. The function of humans in

Society 5.0 is based on the technology that has been

developed. Thus, by connecting the virtual and

physical worlds, people may achieve a balance

between advancing the economy and addressing

social issues (Ayu, 2021).

2.6 Research Methodology

Document and text studies were employed in this

study as a qualitative research method. The steps of

research are as follows: (i) the description stage,

which includes problem identification and study

focus; (ii) the reduction stage, which includes

selecting the research topic and data collection; and

(iii) the selection stage, which includes data

gathering, data processing, and data analysis. Based

on data processing, several discussions can be

analyzed, namely: (i) micro, small, and medium

industry (MSMI); (ii) development strategy; (iii)

industrial revolution 4.0; (iv) society 5.0; (v) relations

between industrial revolution 4.0 and society 5.0; (vi)

factors affecting MSMI's high and low productivity;

(vii) six main pillar technologies in the industrial

revolution 4.0; (viii) MSMI's development strategy in

the industrial revolution 4.0; and (ix) MSMI's

development strategy in society 5.0.

3 RESULTS AND DISCUSSION

3.1 Factors Affecting MSMI's High

and Low Productivity

Several factors contributed to the high productivity of

MSMI, including (i) good product quality; (ii)

productive consumers; (iii) product bargaining; (iv)

qualified human resources; (v) availability of

working capital; (vi) easy access to bank credit; (vii)

market sensitivity; (viii) benchmarking to assess the

market; (ix) price reduction; (x) new technological

advances; (xi) suppliers of raw materials; and (xii)

achieving marketing targets.

The following factors contribute to lower MSMI

productivity: (i) a lack of a marketing strategy; (ii)

product sales decreased; (iii) less qualified human

resources; (iv) traditional production process; (v) a

lack of manufacturing facilities; (vi) poor-quality raw

materials; (vii) restrictions on the purchase of raw

materials; (viii) capital resource limitations; (viii)

poor financial administration; and (xvii) rising raw

material prices all contribute to the reduction in

productivity (Putri et. al., 2016).

3.2 Six Main Pillar Technologies in the

Industrial Revolution 4.0

There are five basic technologies to face the Industrial

Revolution 4.0, namely: cloud computing, additive

manufacturing, big data, artificial intelligence (AI),

and the Internet of Things (IoT). Cloud computing is

a technology that turns the internet into a hub for

managing data and applications, allowing computer

users to access the cloud and set up servers remotely

via a login. A recent development in the

manufacturing sector is additive manufacturing,

which makes use of 3D printing technology. Real

items are created from digital design drawings at a

specified scale or at the exact size and shape of the

original design. The utilisation of additive

manufacturing technology enables the creation of

more designs and of products that cannot be produced

using conventional manufacturing methods. More

designs and products that can't be built with

conventional manufacturing technology can be

created with additive manufacturing technology.

The term "big data" refers to large amounts of

structured and unstructured data. The organization's

use of the data, not the volume of data itself, is what

counts. Big data analysis can improve business

strategy and decision-making. Artificial intelligence

(AI) is the term used to describe computer or machine

technology that possesses intellect akin to that of a

person and may be modified in accordance with

human preferences. AI operates by analysing data

that is continuously received. The AI will receive

more skilful in making predictions. It is because AI

has more data gathered and examined. The Internet of

Things (IoT) is carrying out its functions through data

communication on the internet network. IoT does not

necessitate human or human-computer interaction.

IoT makes use of connected computing devices,

mechanical components, and digital machines. IoT

systems combine four elements. Those are user

interfaces, networking, sensor devices, and data

processing (Rizkinaswara, 2020).

3.3 MSMI's Development Strategy in

the Industrial Revolution 4.0

The Industrial Revolution 4.0 causes disruptions in

daily life. Industry 4.0 adoption has a remarkable

ability to influence present manufacturing industry

policies and has the power to alter many facets of

MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0

295

human society. As a result, Indonesia has been getting

ready since 2018 through Making Indonesia 4.0 in an

effort to take advantage of the opportunities presented

by the current digital era to promote national

economic growth.

In the Industrial Revolution 4.0, digitization is the

key, and this includes networks, products, services,

business strategies, and even customer access. On the

one hand, the COVID-19 pandemic has helped hasten

the adoption of Industrial Revolution 4.0. Many

businesses are looking for digitally based solutions to

increase productivity and advance their businesses.

The implementation of Industrial Revolution 4.0 is

anticipated to boost productivity and innovation,

lower production costs, enhance domestic product

exports, and boost the competitiveness of business

people's output (Ramdhani, 2021).

MSMI must get ready for three things in order to

compete in the Industrial Revolution Era 4.0, such as:

(i) having a high level of digital literacy; (ii) being

able to adapt to digital; and (iii) enhancing the product

quality of MSMI. Digital literacy to a high degree is

necessary to compete in the digital world. MSMI

must be able to adjust to digital in order to do it.

Actors from MSMI can thus compete globally and

succeed in commercial competitions. The MSMI

company's ability to survive depends on its products.

Because their goods are not selling successfully,

many business people are unable to manage a

business. Products that don't sell well are those that

aren't appealing to consumers and don't satisfy market

needs. Because of this, MSMI needs to be able to

comprehend the market's need for high-quality

products and possess a sales approach that appeals to

customers (Septiana, 2019).

3.4 MSMI's Development Strategy in

Society 5.0

In society 5.0, individuals can use several

technologies from the industrial revolution 4.0 era to

tackle various economic and social challenges,

including the Internet of Things (the internet for

everything), artificial intelligence, big data (huge

volumes of data), and robots that can enhance human

life. In Society 5.0, excellent and fiercely competitive

human resources are required. HR must therefore be

qualified. Seven competencies are required for human

resources professionals: leadership, IT literacy,

writing abilities, problem-solving abilities, critical

thinking abilities, and creative abilities.

Leadership is the capacity to take on leadership

roles. A strong leader undoubtedly makes wise

choices that affect the group of people he is in charge

of. All literature is driven by IT literacy. It is because

the internet makes it possible to seek out any piece of

information. All data can currently be easily searched

via the internet network. Therefore, human resources

must have a wider, more precise, and unlimited

knowledge base. Writing skills can be a motivator to

produce writing that is useful for the wider

community. In addition, HR can share perspectives,

innovations and fresh ideas to face Society 5.0.

In Society 5.0, problem-solving skills are a crucial

need for human resources. At this time, the world

faces the VUCA situation. It consists of volatility,

uncertainty, complexity, and ambiguity. It is

impossible to predict this condition. These days, there

are a lot of things that could happen. Consequently,

in Society 5.0, problem-solving proficiency is a skill

that is required. Problem-solving necessitates critical

thinking. To solve difficulties successfully and

efficiently, one needs to be able to critically think and

analyze situations. Critical thinking is necessary for

problem-solving. To solve problems effectively and

efficiently, one needs to be able to critically think and

analyze situations. The level of creativity in human

resources must be very high. The Industrial

Revolution 4.0 and Society 5.0 require it. Both

modern and pre-modern times emphasize invention

as a way to stay current (NN, 2021).

4 CONCLUSIONS

The micro, small, and medium industry (MSMI) is

important for Indonesia's economy. In essence,

MSMI is housed in communities and operated by

small companies and individuals operating

them. MSMI's presence is extensively taken into

account because of its major contribution to economic

advancement. If MSMI wants to succeed, they need a

strategy to coordinate their company expansion

activities. This will enable the company to generate

the highest profit margins. MSMI actors were

compelled to use information technology in Industrial

Revolution 4.0. MSMI's development strategy to face

this era consists of five technologies as follows: cloud

computing, additive manufacturing, big data,

artificial intelligence (AI), and the internet of things

(IoT). Digitalization has an essential role in the fourth

industrial revolution. It has applied to networks,

goods, services, business plans, and even customer

access. Industrial Revolution 4.0 is expected to have

advantages as follows: (i) increase productivity and

innovation; (ii) reduce production costs; (iii) improve

exports of domestic goods; and (iv) increase the

output competitiveness of entrepreneurs. MSMI

ICATECH 2023 - International Conference on Advanced Engineering and Technology

296

needs to prepare for three things in order to compete

in Industrial Revolution 4.0. Those are (i) having a

high level of digital literacy; (ii) being able to adapt

to digital; and (iii) improving the quality of MSMI's

products.

In Society 5.0, humans are the main component

(human-centered) on a technical basis. Therefore,

MSMI's development strategy must consider the

quality of its human resources. The divide between

human resources and artificial intelligence can be

closed in Society 5.0. This is because Society 5.0 is a

concept that complements preexisting ideas from the

Industrial Revolution 4.0. People can use a variety of

technologies from the industrial revolution 4.0 era,

such as the internet of things (IoT, the internet for

everything), artificial intelligence (AI), big data (huge

volumes of data), and robots that can improve human

life. Excellent and fiercely competitive human

resources are necessary for the era of Society 5.0.

Therefore, MSMI needs qualified labor skills, such as

leadership, IT literacy, writing skills, problem-

solving skills, critical thinking skills, and creative

skills.

REFERENCES

Ayu, T. (2021). What is Industrial Revolution 4.0 and

Society 5.0? (Apa itu Revolusi Industri 4.0 dan Society

5.0?), Tempo News. Retrieved January 25, 2023, from

https://tekno.tempo.co/read/1464019/apa-itu-revolusi-

industri-4-0-dan-society-5-0.

NN. (2021). Preparing Competitive HR Competencies in

the Era of Society 5.0 (Mempersiapkan Kompetensi

SDM Yang Berdaya Saing Pada Era Society 5.0),

Waspada News. Retrieved February 3, 2023, from

https://waspada.id/pendidikan/mempersiapkan-

kompetensi-sdm-yang-berdaya-saing-pada-era-

society-5-0/.

Putri, E.P., Chetchotsak, D., Ruangchoenghum, P., Jani,

M.A., Hastijanti, R. (2016). Performance Evaluation of

Large and Medium Scale Manufacturing Industry

Clusters in East Java Province, Indonesia, International

Journal of Technology, Vol. 7, No. 7, p. 1269-1279.

DOI : https://doi.org/10.14716/ijtech.v7i7.5229.

Putri, E.P. (2016). Cluster Development of Small and

Medium Manufacturing Industry in Surabaya City, East

Java, Indonesia. In Proceedings of the 2015

International Conference on “Physics, Mechanics of

New Materials and Their Applications, Nova Science

Publishers, New York, p. 565-570.

Putri, E.P., Aurellia, V. S. P. P. (2021a). The Survival

Strategy of Indonesia MSMEs Development in Facing

the Economic Crisis Due to the COVID-19 Outbreak.

In Proceedings of the 2020 International Conference on

Physics and Mechanics of New Materials and Their

Applications, Nova Science Publishers, New York, p.

268-277.

Putri, E.P., Aurellia, V. S. P. P. (2021b). A Case Study of

Creative Industry Development Strategy in Sidoarjo

Regency, East Java Province, Indonesia. In

Proceedings of the 2020 International Conference on

Physics and Mechanics of New Materials and Their

Applications, Nova Science Publishers, New York, p.

361-374.

Putri, E.P., Aurellia, V. S. P. P. (2021). The Survival

Strategy of Indonesia MSMEs Development in Facing

the Economic Crisis Due to the COVID-19 Outbreak.

In Proceedings of the 2020 International Conference on

Physics and Mechanics of New Materials and Their

Applications, Nova Science Publishers, New York, p.

268-277.

Putri, E. P., Chetchotsak, D., Jani, M. A., Hastijanti, R.

(2017). Performance Evaluation Using PCA and DEA:

A Case Study of the Micro and Small Manufacturing

Industries in Indonesia, ASR: CMU Journal of Social

Sciences and Humanities, Vol. 4, No. 1, p. 37 – 56.

Rachmanto (2019). Sekda Bantul : Secretary of Bantul: The

Era of the Industrial Revolution 4.0 as Opportunities

and Challenges for MSMEs (Era Revolusi Industri 4.0

sebagai Peluang dan Tantangan Pelaku UMKM),

Bantulpedia News. Retrieved February 3, 2023, from

https://bantulpedia.bantulkab.go.id/informasi/berita/de

tail/3961/sekda-bantul---era-revolusi-industri-4-0-

sebagai-peluang-dan-tantangan-pelaku-umkm.html.

Rizkinaswara, L. (2020). Industrial Revolution 4.0

(Revolusi Industri 4.0), Kominfo News. Retrieved

February 4, 2023, from

https://aptika.kominfo.go.id/2020/01/revolusi-industri-

4-0/.

Ramdhani, G. (2021). Industry 4.0, National Advances

Rapidly, Global Competitiveness Increases (Industri

4.0 Nasional Maju Pesat, Daya Saing Global

Meningkat), Liputan 6 News. Retrieved February 3,

2023, from https://www.liputan6.com/bisnis/read/

4531152/industri-40-nasional-maju-pesat-daya-saing-

global-meningkat.

Rachmasari, V., Arsanti, M. (2021). The Movement of

MSMEs in the Era of Society 5.0 (Pergerakan UMKM

di Era Society 5.0), Kompasiana News. Retrieved

February 3, 2023, from https://www.kompasiana.com/

valenisarachmasari9300/61ca7a0f17e4ac32b755aff2/p

ergerakan-umkm-di-era-society-5-0.

Septiana, R. (2019). Things that SMEs Must Prepare in

Entering the Era of the Industrial Revolution 4.0 (Hal

yang Harus Dipersiapkan UKM Dalam Memasuki Era

Revolusi Industri 4.0), Go UKM News. Retrieved

February 3, 2023, from https://goukm.id/ukm-dalam-

memasuki-era-revolusi-industri-4-0/.

Sitanggang, D. D., K. P. (2022). Society 5.0 is: Definition

and Application (Society 5.0 adalah: Pengertian dan

Penerapannya), Detik News. Retrieved December 14,

2022, from https://www.detik.com/bali/berita/d-

6461103/society-50-adalah-pengertian-dan-

penerapannya.

MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0

297

Winastya, K. P. (2021). Technology 4.0 Is an Important

Component in the Industrial Revolution, Here's the

Explanation (Teknologi 4.0 adalah Komponen Penting

dalam Revolusi Industri, Ini Penjelasannya), Merdeka

News. Retrieved Desember 21, 2021, from

https://www.merdeka.com/trending/teknologi-40-

adalah-komponen-penting-dalam-revolusi-industri-ini-

penjelasannya-kln.html.

ICATECH 2023 - International Conference on Advanced Engineering and Technology

298