Open AccessSociety 5.0: Feasibilities and challenges of the implementation of fintech in small and medium industries
Author(s) -
Nizar Alam Hamdani,
Anggun Oktavia Herlianti,
Abdusy Syakur Amin
Publication year - 2019
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1402/7/077053
Subject(s) - business , human capital , small and medium sized enterprises , key (lock) , the internet , sample (material) , internet of things , industrial organization , information technology , human resources , knowledge management , marketing , computer science , economics , finance , management , economic growth , chemistry , world wide web , computer security , chromatography , operating system
In Society 5.0, financial capital is no longer the key, but data that are interconnected with each other. The Internet of things will be a new normal, dedicated to unlocking human potentials. The purpose of this study is to analyze the feasibilities and challenges of the implementation of fintech in small and medium industries. To this end, a survey was conducted on a sample of 60 small and medium industries. It was revealed that the implementation of fintech in small and medium industries did not seem ready to be achieved due to the limitations in technology infrastructure, data and information, human resources and policy. Therefore, improvement to these factors should be made to realize the human-centered and technology-based society.