THE ROLE OF KNOWLEDGE MANAGEMENT SYSTEMS IN THE INDONESIAN ECONOMY

Abstract

A Knowledge Management System (KMS) is a strategic solution for managing, storing, and distributing knowledge within an organization. KMS changes the way organizations work by setting key performance indicators (KPI). In a macro context, country policies play an important role in creating an enabling environment for KMS innovation and development. In 2023 Indonesian economy experienced an increase in inflation from 5.28% in January to 6.57% in August, which had an impact on people's purchasing power, economic stability, and overall growth, including rising prices of basic commodities, supply disruptions due to extreme weather, and rising energy prices in the global market. The question is whether these impacts can be addressed by the government and Bank Indonesia (BI) through the implementation of the KMS. To answer these questions, a literature study was conducted. The results showed that the implementation of the KMS was successful because the government and BI had implemented macro policies supported by knowledge management and innovation, creating an environment conducive to growth and competitiveness. Therefore, it is important for organizations to develop a culture of innovation that encourages collaboration and knowledge sharing.