Fospe |  Digital Transformation & Artificial Intelligence

Fospe CEO: “Affordable Digital Transformation Is The Key Success For Countries Digital Growth”

(BALI) ITD NEWS — Aster Antony, CEO & Managing Director -Fospe Software Pvt Ltd asserted that digital transformation must make it affordable for SMEs (Small and medium-sized enterprises) as basic utilities to the public.

According to Fospe CEO Aster Antony, without digital transformation in place, countries will not be able to step-up digital growth in small- and medium-sized enterprises (SMEs).

Antony gave comments in the Interview with ITD News Editor in Chief Tori Nuariza after the B20 Summit side event “Economist Impact” at Sofitel Resorts in Nusa Dua, Bali, November 12, 2022.

He argues that Digitization has become a major part of our everyday lives, and will be even more omnipresent in the near future. Therefore, it is safe to say that technology will be required to transform the MSME sector.

Interview ITD News Chief Editor Tori Nuariza with CEO & Managing Director Fospe Software, Sofitel Resort Nusa Dua Bali

Antony says For this purpose, the need for strong ecosystem support helps with the technology requirements of MSMEs. Tech companies and start-ups must create affordable  digital transformation solutions for the MSME sector for their sustainable digital growth.

Aster Antony also revealed that SMEs have begun to take an interest in digital platforms. In addition, many platform users have been met with success.

The Micro, small, and medium enterprises (MSMEs) have benefited from digitalisation and digital tools since they enabled them to boost their value and production prior to the COVID-19 epidemic. Its significance only grew as it was broadcast all over the world.

While some MSMEs were unable to catch up due to cash flow constraints, a lack of leadership and competence, and a sluggish approach, the pandemic awakened the eyes of MSME executives to the truth that digitalisation is a matter of life and death.

In general, modern digital transformation initiatives have shifted business and process online; leveraging digital tools to automate workflows, reduce costs, and gain business insight; utilizing social media platforms for marketing, sales, and recruiting; moving systems to the cloud ecosystem, and utilizing SaaS (Software as a service) applications; and utilizing social media platforms for marketing, sales, and recruiting.

Thus, Affordable digital transformation solutions will play a vital role in countries’ digital growth and make ordinary people’s lives smarter. [IZ]