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The Transformation of the Indonesian Market in the Digital Era 5.0: The Role of Artificial Intelligence (AI) and the Internet of Things (IoT) in Driving Economic Growth

In: Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024)

Author

Listed:
  • Citra Mulya Sari

    (Sayyid Ali Rahmatullah Tulungagung State Islamic University)

  • Tegar Tegar

    (Sayyid Ali Rahmatullah Tulungagung State Islamic University)

  • Nila Nafisatul Bashiroh

    (Sayyid Ali Rahmatullah Tulungagung State Islamic University)

  • Silvi Armadhita

    (Sayyid Ali Rahmatullah Tulungagung State Islamic University)

Abstract

The Indonesian market in the Digital 5.0 era is growing through utilization advanced system, including artificial intelligence (AI) meets the Internet of Things (IoT). This development is essential to supporting sustainable nor equitable expansion of the economy. The purpose of this study is to conduct An analysis the influence of artificial intelligence and the Internet Things applications on strategic sectors in Indonesia, including manufacturing, agriculture, trade and public services. This study also examines the function of digital technology in enhancing organizational effectiveness broadening market reach, and generating new job opportunities through products and services. Research results show that the internet of things and artificial intelligence (IoT) not only boost efficiency and productivity, but also have the potential to accelerate financial inclusion to bolster Indonesian’s competitiveness in the global market. However, issues like the digital divide and the requirement for adaptive regulation are priorities that must be addressed to ensure that these changes have a positive impact on all levels of society. Keywords: Digital 5.0, Internet of Things (IoT), Artificial Intelligence (AI), Market Transformation, Economic Growth, Indonesia.

Suggested Citation

  • Citra Mulya Sari & Tegar Tegar & Nila Nafisatul Bashiroh & Silvi Armadhita, 2025. "The Transformation of the Indonesian Market in the Digital Era 5.0: The Role of Artificial Intelligence (AI) and the Internet of Things (IoT) in Driving Economic Growth," Advances in Economics, Business and Management Research, in: Dediek Tri Kurniawan & Dede Rusmana (ed.), Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024), pages 191-204, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-722-9_17
    DOI: 10.2991/978-94-6463-722-9_17
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