Connect with us

Hi, what are you looking for?

HEADLINES

IDC reveals its top 10 predictions for the Philippine ICT industry

IDC Philippines announced today its top 10 predictions for the Philippine ICT industry for 2018 and beyond. This year’s predictions highlighted the maturity and growth of the Philippines’ digital economy as many local organizations are accustomed to leveraging strong digital innovation platforms. 

The Philippines has made significant developments in its overall digital ecosystem throughout the years.  But in order to lead in the digital transformation (DX) economy, organizations must become digital-native enterprises (DNEs). DNEs can harness the power of technology to multiply innovation and accelerate their businesses’ transformation. Therefore, IDC urges local enterprises to accelerate innovation as the emerging technology trends are set to redefine IT and businesses in the Philippines over the next three years.

“It is good to see more Filipino enterprises have a growing appetite for digital technologies. Technology is not merely a tool, but an enabler for business leaders,” said Jubert Alberto, Head of Operations, IDC Philippines. “The country’s ICT development has been showing significant progress from both the public and private sector domains. The combined efforts of these two stakeholders will usher a period of rapid and robust technology adoption,” Alberto added.

“Majority of organizations in the Philippines are still classified as digital resisters and digital explorers, which signify that the country’s adoption of DX is still slower than its regional peers. But we are also seeing signs of acceleration in DX among local firms, and this is a very encouraging trend for the current ICT environment,” said Alon Rejano, Market Analyst and IT Services Lead, IDC Philippines. “Moving forward, becoming a digital-native enterprise is the next major step for Philippine organizations that want to be successful in a very competitive global digital economy,” Rejano said.

Jubert Alberto and IDC Philippines research analysts revealed the strategic top predictions that will unfold in 2018 and beyond, resulting in the biggest impact to organizations in the country.

Advertisement. Scroll to continue reading.

#1: Out-of-the-Box Think Tanks. In the next three years, disruptive CIOs, who are out-of-the-box thinkers, will set the tone of the ICT development in the Philippines.

#2: Upscaling Jobs through ICT. By 2021, the demands of the new borderless economy will push enterprises to manpower reskilling and upscaling jobs through ICT.

#3 Authentication and Trust. By 2019, 20% of CIOs will shift their cybersecurity focus toward “authentication and trust” to better handle business risks.

#4: Workspace 360. By 2019, the rise of the digital natives and the influence of digital-native mindset on enterprises will push novel workspace trends.

#5: Digital Empowerment: Non-Disruptive Digital Disruption. In the next two years, the country’s continuing journey toward digital transformation will pave the way for retail and financial technologies and services that integrate seamlessly into the daily lives of the local community.

Advertisement. Scroll to continue reading.

#6: Personalization is the New Standard. In the next 12 to 24 months, utilizing digital-driven, customized, and personal approaches to customer intimacy and talent acceleration will become a standard practice among Philippine enterprises.

#7: Future of Payments. By 2019, the country will continue to witness creative and Philippine-centric payment and remittance innovations, driven by the country’s unbanked sector and the ongoing rise of remittances from overseas Filipino workers (OFWs).

#8: DX in BPO Industry. By 2019, as digital transformation shakes up the BPO market dynamics, BPO providers that align their DX plans with the changes in the industry will gain competitive edge in the market.

#9: Analytics-Driven Marketing. In the next five years, Philippine enterprises that incorporate analytics and customer insights into their marketing will see a commanding lead over competitors in customer retention and profitability.

#10: Digital Economy Tipping Point. In the next 12-36 months, enterprises are headed to a different higher level of maturity when it comes to DX adoption. In the same manner, clearer digital vision for the country should be seen, as the government barrels up its ICT initiatives.

Advertisement. Scroll to continue reading.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

BUSINESS

Companies implement self-service business analytics to help their employees get relevant insights from their business data. The goal is to gather information and then...

HEADLINES

With the improvement of artificial intelligence or AI-based software and applications such as chatbots and smart speakers, you need to learn more about the...

Biz Solutions

Gartner, Inc. has highlighted the top strategic technology trends that organizations need to explore in 2019. Gartner defines a strategic technology trend as one...

OPINIONS

Investments in analytics tools can reap significant benefits in numerous areas.

HEADLINES

Senior business executives and government agency leaders from around the world lack confidence in their organizations’ readiness to influence and harness the opportunities offered...

HEADLINES

Emotion artificial intelligence (AI) systems are becoming so sophisticated that Gartner, Inc. predicts that by 2022, personal devices will know more about an individual’s...

BUSINESS

2018 promises to be another exciting year for information technology, according to technology companies. Vendor predictions collated by UpgradeMag.com revealed five common forecasts related...

HEADLINES

Kaspersky Lab’s has submitted 9 threat predictions for 2018: 1. More supply chain attacks Kaspersky Lab’s Global Research and Analysis Team tracks over 100...

Advertisement