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PH IT-BPM Industry to Retain Top Position

by: Sarah Joson

Thursday, August 8, 2013 | Outsourcing News |

Even if the Philippines is coming up against heavyweights in the global information technology - business process management (IT-BPM) industry, it is seeking ways to sustain its position as one of the top outsourcing destinations in the world.

According to Jose Mari Mercado, President and CEO of the Information Technology and Business Process Association of the Philippines (IBPAP), the local IT-BPM industry is closely observing the changes in the global scene. He noted that the IT-BPM industry paved the way for economies to become a premier player in the market. The executive also said the country is exerting transformation efforts.

Meanwhile, the industry is still eyeing the revenue goal of $25 billion for 2016. Last year, the local outsourcing industry posted revenues of $13.2 million and employed 777,000 throughout the country.

He said the organizationís role is to cultivate the industryís potential and achieve growth in various divisions of the country by reinforcing the skills and competence of local talent.

IT-BPM is also identified to have widely contributed in reducing poverty in the country as it has the capability to generate employment opportunities for Filipinos.

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