THE IT and business process management (IT-BPM) industry is well positioned to achieve more in terms of jobs, investments and exports in the next six years with the launch of the Philippine IT-BPM Industry Roadmap 2028 at the 14th International Innovation Summit (IIS) in September.
“The Philippine IT-BPM sector will take a big leap and continue to trailblaze with digital talent, new ecosystems and enlightened legislation through an ESG-driven agenda,” Jack Madrid, president and chief executive of IT and Business Process Association of the Philippines (Ibpap), said in a statement Wednesday. “We’re entering a new chapter at IIS 2022 and there is no doubt that the industry will demonstrate grit as it drives to contribute to economic growth, achieve a resurgence across the different subsectors, create more impact in the lives of more Filipinos, and become an engine of transformation that promises an even brighter future for the country.”
Ibpap said that despite economic, political and social challenges in the last six years, the IT-BPM industry remained an indispensable pillar of the country’s economy.
Themed, “The Big PH IT-BPM Leap: Growth. Resurgence. Impact. Transformation,” this year’s IIS will set the stage for how the country will continue to be at the forefront of talent, technology, and transformation. Members of the government, academe and business sector are invited to the 14th IIS happening on Sept. 27 and 28, 2022 via Airmeet and on Sept. 29, 2022 via Airmeet and at the Sofitel Philippine Plaza Manila.
Roadmap 2028
After achieving record-high growth in 2021, the Philippine IT-BPM industry is projected to increase between 7-8 percent in terms of full-time employees (FTEs) and 8-10 percent in terms of revenue by the end of the year.
With the forecasted growth for 2022, the sector is poised to fulfill Roadmap 2028’s vision of generating 1.1 million new jobs in six years provided that enabling conditions are met and appropriate interventions are carried out: favorable government policies on incentives and remote work; stronger and more reliable infrastructure; accelerated upskilling and reskilling of the Filipino talent for digital services; enhanced value proposition to highlight country-level competitiveness; and improved ease of doing business to attract more global investors.
“This is just one of the many significant milestones that the IT-BPM industry will reach by 2028. Additionally, the Philippine IT-BPM sector will create more impact through countryside development, digitally enabled services, dollar revenue, high-complexity work and indirect employment,” said Madrid. “We’re excited to reveal more at IIS 2022 through keynotes and plenaries on talent strategies, changing workways, key action plans and many more.”
While the road ahead is long, Madrid said the IT-BPM sector is ready to take that big leap with the support of its partners in the government and the academe.
“As an industry, we stand strong and will continue to do so because we are fueled by grit and our collective goal of strengthening the country’s position as one of the top IT-BPM investment destinations in the world,” said Madrid.