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, Vincent Oktavianus Pranata

2023

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.

Paper Citation

in Harvard Style

Putri E., Supardi., Narulita L., Kusumaningayu I., Putra B., Purnamasari A. and Pranata V. (2023). MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0. In Proceedings of the 4th International Conference on Advanced Engineering and Technology - Volume 1: ICATECH; ISBN 978-989-758-663-7, SciTePress, pages 292-298. DOI: 10.5220/0012103800003680

in Bibtex Style

@conference{icatech23,
author={Erni Puspanantasari Putri and Supardi and Luvia Friska Narulita and Intan Kusumaningayu and Bonifacius Raditya Sri Pramana Putra and Annisa Purnamasari and Vincent Oktavianus Pranata},
title={MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0},
booktitle={Proceedings of the 4th International Conference on Advanced Engineering and Technology - Volume 1: ICATECH},
year={2023},
pages={292-298},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012103800003680},
isbn={978-989-758-663-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Advanced Engineering and Technology - Volume 1: ICATECH
TI - MSMI Development Strategy in the Era of the Industrial Revolution 4.0 and Society 5.0
SN - 978-989-758-663-7
AU - Putri E.
AU - Supardi.
AU - Narulita L.
AU - Kusumaningayu I.
AU - Putra B.
AU - Purnamasari A.
AU - Pranata V.
PY - 2023
SP - 292
EP - 298
DO - 10.5220/0012103800003680
PB - SciTePress