Book Review: Indonesia’s Digital-Based Economic Transformation: The Emergence of New Technological, Business, Economic, and Policy Trends in Indonesia

Abstract

In chapter 1, the authors explain about the history of the industrial revolution and the position of many countries in terms of their progress and speed toward digitalization, respectively, through plotting the digital evolution index from the Fletcher School and Mastercard. There are two determinants, namely, four drivers in the digital evolution index (mobile internet, cloud computing, internet of things, and big data) and rate of change in digital evolution. These two determinants are then used in order to map the speed of each countries in its respective digital transformation, the mapping of which are carried out through four quadrants, viz., a) stand-out, which consists of countries considered as the digital elites, who have evolved far into the digital era and advanced it rapidly, b) stall-out, i.e. countries which have attained a high level of digital evolution, but with risks of being left behind due to their slow pace, c) watch-out, which consists of countries with