Among the award recipients are chatbot provider Kata.ai, food franchisor Orchi Fried Chicken, wedding and holiday planner Weddingku group, peer-to-peer financing platform Investree, digital wallet provider Payfazz, and lifestyle retailer Metroxgroup.
Indonesia is the third country in ASEAN to launch the SME 100 Awards, after Malaysia and Singapore. Vietnam will be the fourth country with the survey currently being deployed across the country.
SMEs participating in the survey are both optimistic and cautious over the rapid pace of technological development and greater regional economic integration. Many SMEs continue to feel the heat from both technology-based disruptors in their industry and from regional competitors who are adopting technology to outpace them in the market. Almost every SME surveyed realizes the importance of a digital strategy, but many do not have the resources or the capability to implement one. The Indonesian government has invested substantial time and money into helping SMEs in this aspect, but the adoption rate is far slower than ideal.