The Future of Disruptive Innovationto Strengthen Competitive Advantages in Economics, Management and Accounting
Harry M Zen
CFO Telkom Group
Pontianak, Oktober’18
Education Background
Professional Career
2016 – Present : CFO PT Telkom Indonesia
2008 – 2015 : President Director
PT Credit Suisse Securities Indonesia
2007 – 2008 : Director Barclays Capital
2001 – 2008 : Co-Head Investment Banking,
PT Bahana Securities
1996 – 2001 : AVP Corporate Banking - Citibank
Summary03
Telkom at a Glance01Disruptive Innovation to Strengthen
Competitive Advantages in Economics &
Management Accounting02
Outline
Pepper
Humanoid robot
Telkom Indonesia at a Glance
Government Public
52,09 % 47,91 %
listed in
48 Subsidiaries
T I M E S
Portfolio
[4]
Be the King of Digital in the Region Lead Indonesian Digital Innovation & GlobalizationMissionVision
Source: Company information, data as of 30 June 2018, OpenSignal. Note: (1) Refers
to national 2G cellular coverage.(2) Excludes sub-sea network.
(3) Part of Telkom’s sub-sea network that adds to a total fiber optic backbone network of 157,300km.
MANADO
SANGATA
SAMBASENTIKONG
SINTANG
SANGGAU
PONTIANAK
SINGAPORE
BATAM
KETAPANG
KERAYA
BONTANG
BALIKPAPAN
PALANGKARAYA
GORONTALO
PALU PARIGI
TERNATE
LABUMA
SANANA
LUWUK
TONGKU
TOBADAK
TIRAWUTA
KENDARIMAROS
TAKISUNG BATU LICIN
BANJARMASIN KOTABARU
KOLAKA
MAKASAR
BAU-BAU
BATAUGA
WANGI-WANGI
WEDA
NAMLEA
MASOMI
AMBON
SORONG
MANOKWARI BIAKSARMI
JAYAPUR
DINTUNI
FAKFAK
KAIMANA
TIMIKA
TUAL
MERAUKE
DUMAI
SMCS
Slt Panjang
PEKANBARU
ACEH
LHOKSCUMAWE
NUNUKAN
BAKONGAN
MEDAN
TARAKAN
SIBOLGA
NIAS
PADANG
JAMBI
TUA PEJAT
BENGKULU
RUPIT
LUBUK LINGGAU
TALANG UBI
BATURAJA
PALEMBANG
KRUI P. PRAMUKA
LAMPUNG
CIWANDAN
BANDUNG
PANGANDARAN PARIGIYOGYAKARTA
SEMARANGJAKARTA
CIREBON
MALANG
GRAJANGAN
SURABAYA
SINGARAJA
SUMBAWAMATARAM
DENPASAR
WAINGAPU
MAUMERE
KUPANG
LARANTUKAKULARAHI
ATAMBUA
MALAKA TENGAH
Legend:
: <2015
: 2015
: 2016
: 2017
: Indonesia Global Gateway (2018)(3)
: Mobile network coverage
Homes passedTowersMobile network BTSOptical
distribution portsPoint of Presence
Fiber optic
backbone
99%(1) 176k 30k 20.4m >160K KM 8.0m 42
Telkom’s nationwide presence
[5]
Telkom-3S(118 ET)
Merah Putih(108 ET) Telkom-2
(157ET)
Global phenomenon..
[7]
In 60 second, remarkable things happening on our connectivity
and...new disruptive
phenomenons are happening
Ride-hailing
72 Bn
Retailer
352 Bn
Fintech
18,5 Bn
Sources: businessinsiders; statista
Disruption?
Disruption introduces a conventional business model to a new journey…
Disruptive innovation is an innovation that
creates a new market and value network
and eventually disrupts an existing market
and value network, displacing established
market leaders and alliances
True disruption has to create new value
and radically different customer
experience to be the real game changer.
[8]
Digital innovations impacting to economy & challenges
[10]
1. Creating an additional 3.7 million jobs by 2025; 1
2. Generating up to 80% higher growth in revenue for small and medium
enterprises (SMEs); 2 and
3. Adding an additional 2% per annum in GDP growth by increasing
broadband penetration rates and usage of digital technologies by SMEs.2
4. Indonesia become the Largest Digital Economy in ASEAN by 2020
1: Mckinsey&Company, Unlocking Indonesia’s Digital Opportunity (2016), p. 15
2: Deloitte Access Economics, SMEs powering Indonesia’s success (2015)
Challenges
CAPEX turnover/ ROIC Market readiness-ARPU & Margin Change management, Transformation
How Technology Disruptions will Change Accounting Profession?
[13]
Challenge
1.Graduate recruitment at economist, accountantscould fall significantly due to the impact ofincreasing automation and artificial intelligence.
2.The accountants most likely to be replaced by robots in the next 20 years.
3.What potentially might change:
1.Automate admin type accounting & finance tasks.
2.Reduce the need for volume manual audit processes (e.g. use of data analytics).
3.Blockchain promises a world where all transaction can be locked, viewed and monitored in a real time.
Opportunities
1.Very fast growth of FinTech, Start-up companiescreates more advisory opportunities.
2.The use of technology can reduce significantlyaccounting/finance processes.
3.The role of economist, accountant will move tomore analytical and strategic type of job.
Sources: Formever