THE recently concluded KPMG Innovation Summit 2023, tagged “Making things happen: From Innovation to Execution,” at the Fairmont Makati dove right into discussion on the promising state of technological innovation in the Philippines and launched two innovation milestones, the Global Tech Innovator and the KPMG Digital Government Center.
KPMG in the Philippines Chairman and Chief Executive Officer (CEO) Sharon Dayoan welcomed over a thousand participants, live and online, with eye-opening remarks: “In this era of unprecedented technology advancement, our world is undergoing a remarkable shift and we are all privilege to have the chance to shape the world that we inhabit. Let us celebrate the power of innovation, technology and collaboration.”
Digitalized Government Services of Smart Cities
“EO 32 reduces turnaround time of permit application for telecom and Internet Infrastructure requirements from the previous 2.5 years to 2.5 months enhancing bureaucratic efficiency by reducing red tape, streamlining processes across all government agencies.”
ESG Technology is a Way of Life
“ESG is a way of life that goes beyond profitability. Incorporating ESG in corporate strategies enable companies to attract investors, employees, and customers. Even lenders will also be looking at ESG component of potential borrowers.”
“The country is in the cusp of digital transformation. Use tech to make life convenient for citizens. We also need to adopt global best practices into the country. We take into consideration all the things that are happening globally and introduce them to our single market: the Philippines. We use technology to innovate, that’s why in Globe we have GCash, the number one financial technology in the country that is doing a lot of innovation.”
Intelligent Processes through Artificial Intelligence
“AI has been around since the 70’s and not a wave per se. Revival of the hype surrounding AI is because of the technologies particularly on computing and storage.”
“We can be ready. We started with RPA (Robotics Process Automation), simple automation of task with rules that are well defined. You can think of AI as something that makes that process more intelligent. They can work with each other and go hand in hand,” said Alarcon.
, “It forces you to re-think your existing processes which leads to more efficiency and cost avoidance of rework. Because of the relentless automation we were able to reduce repetitive work by a significant rate.”
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“When RPA started nobody understood the company but now companies are starting to understand its advantages. In the Philippines, 70 percent of processes still involve a lot of the repetitive work including data cleansing, downloading files, constructing data, and aggregating certain reports but more and more companies are starting to see the impact and cost effectiveness of Robotics.”
Game-changing innovators on disruptive technologies
