Philippine President Benigno Aquino III had nothing but praises for the Information Technology and Business Process Management (IT-BPM) Industry as he delivered his message before industry thought leaders and global players in the recently concluded 7th Annual International IT-BPM Summit held on 5-6 October at the Marriot Hotel, Manila.
President Aquino commended the industry for contributing to the economy, reaching $18.9 billion total revenue and having more than 1 million employees in 2014. We have done so much together,” said the president. “Thank you for partnering with us, not only to maintain our industry lead but also to enter other avenues and offer more specialized services. To my mind, this is the best thing about the Philippines’ IT-BPM industry: There are many areas yet to explore. Our success story is far from over,” he said.
He also lauded former Secretary of Trade and Industry Mar Roxas for reaching out to industry leaders and for his initiative called “Make IT Philippines” which aggressively marketed the Philippines as a destination for investments in this sector.
With the theme “Harnessing Information, Powering Nations, Connecting the World,” the summit aims to create an environment that will nurture global partnerships. ““The Summit is an opportunity for industry stakeholders to come together to draw out how to effectively meet the demands of this expanding industry,” said Jose Mari P. Mercado, President and Chief Executive Officer of the Information Technology and Business Process Association of the Philippines (IBPAP). IBPAP is the enabling association for the IT-BPM industry in the Philippines.
Mercado also stated that the company will finalise next year a new 6-year industry road map which will consolidate the expected challenges and prospects for six primary sub-sectors: contact center, health care, information technology (IT), animation, game development, and financial services.
“It will not be just one overarching road map; we’ll try to cover as many sectors as possible. The intent is to look at how the global marketplace will look like for the next six years and how should the Philippine IT and business process industry plan for that and what are the issues to address,” he told reporters.
As his term is coming to an end and that it will be his last speech in the summit before he becomes “a private citizen,” the president expressed his gratitude and unwavering support to the industry.
IT-BPM is undeniably the fastest growing industry in the country, creating millions of jobs and new wave cities. It is expected to be one of the largest growing sectors that will boost the Philippine Economy.
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