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Cloud Based Platforms Are Key for Business Continuity in the Philippines

The emergence of cloud services in the digital era is progressing at an incredible pace. Businesses have begun to use cloud services to improve their operations, and other businesses will soon follow suit. A research report indicated that cloud computing is expected to account for 13% of the Philippine IT services market by 2020, driven by government agencies and SMEs.

In a country prone to national disasters, coupled with the current pandemic, and with MSMEs serving as the backbone of the economy, it only makes sense that cloud computing is a key solution to achieving not just business continuity, but a better recovery for the economy in the Philippines. Medium and SME enterprises have reiterated the importance of adopting cloud technology to minimise operational disruptions and ensure data safety amidst uncertain times for businesses in the financial services industry.

Recently experts were brought together from the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), Business Continuity Managers Association of the Philippines (BCMAP) and other SMEs enterprise to introduce other businesses the fundamentals of building an organisation’s business continuity program and harnessing the power of cloud technology, to back up crucial data and enable swift recovery from any disaster.

The Philippines, along with the rest of the world, have fallen into recession, as mobility restrictions due to the pandemic and the lockdowns have slowed down, if not stopped, business operations. In fact, research published in Q4 of 2020 shows that 71% of MSMEs surveyed in the country were forced to halt operations, while the Department of Trade and Industry reported that an estimated 90,000 MSMEs remained closed.

The pandemic emphasised the importance of strengthening financial institutions under the supervision of the BSP in order to meet the increased demands of both customers and employees. BSP-supervised financial institutions augmented their technological capacities by migrating to cloud-based platforms and solutions, in order to address the increased digital demands of their customers and support remote work from home arrangements of their employees.

If the Philippines adopted a cloud computing model, there are numerous potential opportunities. As this cost of new technology would be shifted to service providers, IT users would no longer have to bear it. The country would be able to harness the power of the internet to democratise its access to new technology while making significant economic strides.

With cloud computing, businesses can store and access files and software, especially large ones, without necessarily buying a physical server, saving them office space and cost. Office personnel can also work from home or anywhere else other than their usual workplaces.

Businesses can continue to perform their tasks from any location and conveniently access necessary data as long as an internet connection is available. In addition, cloud tech enables employees to better manage their workflows through improved communication and team collaboration while accessing data from a centralised location. This can prevent organisations from halting operations even in challenging situations such as work suspension and calamity.

The Philippines is a country that believes in IT.  Filipinos have a high interest in technology and are eager to learn new computing systems. This positive attitude gives a lot of hope to the future of cloud computing. It also helps that the country already has a talented IT workforce that is comfortable with the predominately English language that dominates the internet.

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 consulting services provider, helping 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 3,800 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. For more information, visit www.ibm.com