Close this search box.

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

Philippine businesses are adapting faster to innovation

A recent study showed that the majority of business leaders in the Philippines consider innovation a ‘must’ amid market uncertainties brought by the COVID-19 pandemic.

According to the study, 88% of Filipino decision-makers treat innovation as a tool with the capacity to accelerate progress, and not just a ‘good-to-have’ element of the business. This number, while less than the response recorded in a broader study among Asia Pacific innovation leaders (98%), is still more than the average 74% positive response recorded for all business organisations in the region.

Meanwhile, Philippine organisations were also found to have increased their ability to be drivers of change in innovation by 4%.

The report also showed that technology was the top priority of businesses (44%). However, the same data revealed that people were considered by decision-makers as the least of their priority when it comes to building resilience.

The survey, which was conducted within a period of six months and included 213 business decision-makers, is part of a bigger report which involved 3,312 business leaders in 15 business markets across Asia. The research also showed that within this six-month period, an innovative mindset among organisations in the Philippines was quickly adopted. The positive response was recorded during the pandemic, the impact of which has left many businesses in a slump.

A senior executive who was part of the report said, “Innovation is no longer an option, but a necessity. We’ve seen how the recent crisis spurred transformation across the region, and organisations will have to integrate the ability to innovate into their core to recover.”

Innovation during the pandemic

The number of business leaders who had a change in sentiment regarding innovation was also reported. While 77% of decision-makers admitted that shifting to innovative methods is difficult pre-pandemic, 36% of leaders exhibited a turnaround in their perception.

“We see amongst leaders a constant appetite for growth and evolution. During COVID-19, 45% of them said they think their business model will lose competitiveness in five years’ time, as compared to 21% of firms in the Philippines. This desire and urgency for continuous improvement through agility and adaptation to change will determine the success of businesses in this new normal,” said the Associate Vice President, Head of Digital Transformation of one of the organisations involved in the research.

Data gathered from the survey were used in modelling called an ‘innovation framework’. In this model, various organisations were classified in four categories: traditionalist, novice, adaptor and leaders.

The results of the study are consistent with earlier news reports on the steady rise of the Philippines in the Global Innovation Index. In September 2020, the Philippines was reported to have ranked 50th in the said global index for 2020 which included 131 economies. In 2019, the Philippines ranked 54th in the Global Innovation Index.

The Philippine government, through the Department of Information and Communications Technology (DICT)  earlier announced that efforts at digitalisation are in the works. In 2017, the DICT introduced the National Broadband Program which aims to fortify connectivity services in the country. In addition, the department also unveiled plans for pursuing information and communications technology or ICTs.


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.


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.


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


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.


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. 


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.