Home Asean News A promising future awaits in the countryside

A promising future awaits in the countryside

IBPAP leads countryside development for a brighter IT-BPM industry

The IT and business Business process Process management Management (IT-BPM) industry has risen as one of the major economic drivers of the Philippines, becoming the second largest dollar contributor to the local economy. Poised a

As one of the top IT-BPM hubs in the world, the Philippines provides businesses from across the globe with diverse services including voice, non-voice, animation, game development, healthcare information management, and IT.

This has led to a massive boost not only in revenue but in employment as well. By the end of 2018, the industry recorded revenues of $24.7 billion and 1.23 million full-timedirect employees, which are expected to continue growing in the coming years.

The IT and Business Process Association of the Philippines (IBPAP), the enabling association of the IT-BPM industry, works together with the business sector, aca-deme, and the government to ensure the industry’s continued growth.

Banking on the country’s main assets –– creative, emotive, service-oriented and tech-savvy talent, and prime business locations, and attractive investment incentives –– the Philippines continues to thrive as more investors are expanding and setting up shop locally.

As While interest in IT-BPM investment in the Philippines Great-er Manila Area continues to grows, IBPAP is also driving the conversation and leading potential inves-tors outside the metro and into the countryside in its commitment to create more jobs outside the metro..

In accordance with the IT-BPM industry’s Roadmap 2022, IBPAP is committed to the goal of creating 500,000 jobs outside Met-ro Manila. Working hand-in-hand with local government unitsthe Department of Information and Communications Technology and the National ICT Confederation of the Philippines (NICP), IBPAP aims to fast track the development of infrastructure and talent in key cities across the Philippines to ensure that they can accommodate the needs and demands of these investors.

The success of IT-BPM in Met-ro Manila has spurred expansions in 253 cities all over the Philippines that have created close to 300,000 direct jobs. This 2019For the next couple of years, 22 more cities in different provinces are being eyed for countryside development as they have the most potential in terms of talent, infrastructure, and cost, and business environment.

These locations are expected to bring in multimillion-dollar investments of over $30 billion and has the potential to generate hundreds of direct IT-BPM jobs and thousands of indirect IT-BPM jobsones. Some of these cities include Naga, Lipa, Baguio, Dumaguete, and Cagayan De Oro. [cite at least ?ve from across the country/equally mention cities in Luzon, Visayas and Mindanao].

“For almost 20 years, the Phil-ippines has been an attractive location for IT-BPM services. We want to continue to provide more jobs to Filipinos and have a bigger IT-BPM market share in the global marketplace. But aAs more investors come in, we also want to promote inclusive growth through countryside development. This move gives us more room to accommodate investors and grants more Filipinos rural employment opportunities. At the same time, it also boosts their respective local econ-omies, opening them up for more potential investments,” said Rey Untal, IBPAP President and CEO.

To further breakdown how the industry can grow with countryside development, the International Innovation Summit, the premier summit for innovators, builders, and enablers of the IT-BPM indus-trythe largest IT-BPM gathering in the country where global leaders address global issues related to the industry, is set towill tackle topics that are essential to sustaining the Philippines’ relevance and competitiveness in providing IT-BPM services to the world.

Themed “Next PHase: Leading the CCharge, WWithstand-ing HHeadwinds, DDriving the future Future of IT-BPM todayToday,” this year’s Summit will focus on three tracks: human capital, country and policy, and deep tech –the Summit focuses on three key tracks — Country and Policy, Human Capital, and Deep Tech — that are vital areaskey factors for the cultivation of “cit-ies Next Wave and Digital Cities” outside the metro and the overall growth of the IT-BPM industry.

The Summit will bring together industry and non-industry leaders and subject-matter experts to share valuable insights on the aforementioned tracks. It also expects over 500 delegates from various IT-BPM subsectors, different the business sectors, the government, and the academe to come together and collaborate in this historic milestone for a stron-ger and more thriving industry.

The 11th International Innovation Summit is set to take place on November 12th 12, 2019 at the Marriott Grand Ballroom in Pasay City, Philippines., Pasay City, Philippines.