Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Technology boosts competitiveness of Philippine SMEs

A recent survey commissioned by FedEx Express in 9 Asia Pacific (APAC) countries showed that 85 of around 500 domestic SME players used emerging technologies to improve supply chains and distribution channels.

Entitled, “Global is the New Local: The Changing International Trade Patters of Small Businesses in Asia Pacific”, the survey indicated that software automation and mobile payments are the widely used technologies in the Philippines.

According to a recent report, adaptation by Philippine-based small and medium enterprises (SMEs) is high and this gives them a big advantage to be at par with the best in the world.

Use of these innovations allows small businesses that are part of the study to increase their revenues as they improve their products, among others.

On average, exports account for 89% of the surveyed small enterprises’ total annual revenue. 56% of these exports are within the APAC region, while the remaining 44% is accounted for by those outside the region.

The level of adaptation to technology among Philippine-based SMEs is not surprising for Filipinos are known to be tech-savvy.

Sadly, there are more Filipinos who have access to these technologies than those who have bank accounts.

Moreover, survey results showed that 95% of the respondents use social commerce, 76% of which are using this in order to find customers abroad.

The desire of the Philippine-based SMEs to expand their markets, here and around the globe, is the main reason why they are adapting to these technological innovations.

Compared to SMEs from other APAC countries, local businesses have placed very high among SMEs that are using technologies.

This just shows that the country’s SMEs are embracing technology and making sure that they are competitive on the global marketplace, giving them a level playing field with their international counterparts.

With local SMEs giving stiff competition globally, digital start-up and ‘technopreneurs’ are not far behind as they are also being supported by the Philippine government.

As stated in a recent report, two new hubs were opened recently to kick start the development of the innovation ecosystem in the southern region of the Philippines.

The University of Science and Technology of Southern Philippines (USTP), Cagayan de Oro (CDO) campus, has opened a ‘technopreneurship’ hub and a digital technology hub.

The Commission on Higher Education has granted the University with funding worth US$ 222,508.56 (PHP 12 million) to put up a ‘technopreneurship’ centre that will provide capacity building to faculty, among others.

An additional funding of the same amount, US$ 222,508.56 (PHP 12 million), was granted to the University by the Department of Science and Technology (DOST) in order for them to establish a digital technology hub.

20 potential start-ups are housed in this hub until their ideas become full-fledged businesses.

The University aims to become a nationally recognised science and technology university providing the vital link to education and economy.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.