MSMEs, which are still very much dominated by the actors, are influenced by two factors, namely the digital literacy factor and the financial literacy factor. In the end, the success of digital literacy and financial literacy in MSMEs is influenced by the actors in their ecosystem. This is a fragment of a scientific paper by Prof. Ir. Bernardus Yuliarto Nugroho, Ph.D., MSM., in his speech at the University of Indonesia Permanent Professor Inauguration Ceremony which was held online on Saturday, August 6 2022 morning.

“These actors are the government, industry (business actors), society, media, and academia. In order to support the harmonization of initiatives and works carried out by these actors, knowledge and understanding of institutions/institutions, governance, innovation, policies, and culture as an important part of efforts to create the sustainability and resilience of MSMEs,” he concluded.

He said that the resilience of the MSME business during the pandemic was an important issue considering the majority portion of MSMEs in the Indonesian economy. The digital transformation of the MSME business is not an easy thing to do. This is shown by the percentage of MSMEs that have switched to digital ecosystems, which is still considered small when compared to the total number of MSMEs in Indonesia.

The man who was appointed as FIA UI Professor in the Field of Financial Management said that during the pandemic, Indonesian President Joko Widodo said that digitalization had become a solution for MSME and cooperative business actors to survive, grow and develop in the midst of a difficult situation and in the midst of a difficult situation. amidst restrictions on activity and mobility.

“As many as 17.5 million MSMEs have been recorded as part of the digital ecosystem. Digitalization of the MSME sector is critical for helping MSME actors have access to capital to banking. This shows that knowledge of financial literacy is a critical factor in addition to efforts to digitize MSMEs ,” he said.

Furthermore, Bernardus explained that digital literacy is the ability to use the internet and digital media which places a lot of emphasis on the skills of digital media users in carrying out productive digital media mediation processes (Kurnia & Wijayanto, 2020; Kurnia & Astuti, 2017).

“The Ministry of Communication and Information (Kominfo) also agreed that digital skills in Indonesia are still low and need to be improved by focusing on 4 (four) main pillars, namely Digital Skills, Digital Culture, Digital Ethics and Digital Safety (Kusumastuti, 2021),” he added.

Meanwhile, a high level of financial literacy is considered easier to make investment decisions. Likewise with the perception of risk, where investment instruments that are considered to have low risk encourage investment and those who have a low risk perception tend to be slow in making investment decisions because they are considered to be a risky investment.

“A high level of financial literacy has priority on the preference for the main investment choice which is stocks, as well as a high level of perception of risk or has a tendency to take risks has priority for preference for the main investment choice which is stocks,” he explained.

It is known that the Dean of FIA UI Prof. Dr. Chandra Wijaya, M.Sc., M.M., Head of the Faculty of Administrative Sciences (SAF) Academic Senate UI Dr. Ning Rahayu, M.Sc., FIA UI Professors like Prof. Dr. Amy Yayuk Sri Rahayu, M.Si., Prof. Dr. Eko Prasojo, Mag.rer.publ., Prof. Dr. Irfan Ridwan Maksum, M.Sc., Chair of AIABI and Head of the Department of Business Administration Dra. Novita Ikasari, M.Comm., Ph.D., Deputy Dean for Education, Research and Student Affairs Dr. Fibria Indriati, M.Sc., Deputy Dean for Resources, Ventures and General Administration Dr. Milla Sepliana Setyowati, M.Sc., Executive Secretary Dr. Umanto, M.Sc., as well as lecturers from the Department of Business Administration such as Dr. Retno Kusumastuti, M.Si., Dr. Rachma Fitriati, M.Si, M.Si (Han), Dr. Pantius Drahen Soeling, M.Si., Dr. Andreo Wahyudi Atmoko, Dr. Eko Sakapurnama, S.Psi., MBA, Dra. Eva Andayani, M.Si., Dr. Ixora Lundia Suwaryono, S.Sos., M.S., Prima Nurita R., SAP, M.A., Maria Eurelia Wayan, M.Ak.,  Satrio Budi Adi, S.E., M.Sc.,