The Information Technology and Business Process Association of the Philippines (IBPAP) added 10 new areas to the growing list of locations that will support the growth of the information technology-business process management (IT-BPM) sector. These areas, collectively called 10 Next Wave Cities, are Baguio, Cagayan De Oro, Dagupan, Dasmariñas, Dumaguete, Lipa, Malolos, Naga, Sta. Rosa in Laguna, as well as Taytay in Rizal.
According to IBPAP, out of the 42 cities assessed last year, these 10 Next Wave Cities emerged on top based on factors such as talent pool, infrastructure, good business climate, and cost competitiveness.
IBPAP Chairman Danilo Sebastian Reyes said these new IT-BPM hubs are expected to contribute 40 percent to the total revenues generated by the sector. This is higher than the contribution of next wave cities two years ago which accounted for only 22 percent. Metro Manila and Cebu accounted for the larger share of total revenues.
The 10 Next Wave Cities, identified and evaluated by IBPAP, Department of Science and Technology-Information and Communications Technology Office, and Leechiu Property Consultants (LPC), aim to spread out the development of the country's IT-BPM sector which will further contribute to the growth of the economy. LPC Chief Executive Officer David Leechiu said with sustained growth seen in the sector, industry players look at other areas which are suitable for their operations.
New emerging cities were also identified. These are areas that have the potential and foundation to become next wave cities, said IBPAP CEO and President Jomari Mercado. These emerging cities are Balanga City, Batangas City, Iriga City, Laoag City, Legazpi City, Puerto Princesa City, Roxas City, Tarlac City, Tuguegarao City, as well as Zamboanga City.
The healthcare information management (HIM) sector of the Philippines opens job opportunities to Filipinos. It is also one of the growing sectors, contributing to the continuous growth of the outsourcing industry. That is why the Department of Trade and Industry promoted the country as an attractive investment destination on healthcare information management at the Healthcare Information Management Systems Society (HIMSS) Annual Conference and Exhibition held recently at the Sands Expo Convention in Las Vegas, Nevada.
The Philippine delegation to the US healthcare roadshow was led by DTI Industry Promotion Group (IPG) Undersecretary Nora K. Terrado. She said the conference helped in positioning the country abroad, and to attract investors and companies in the healthcare industry to set up operations in the country. Representatives from the government and business process outsourcing companies joined Terrado as the first delegation of the Philippines to the HIMSS conference.
As one of the leading sectors in the country, the healthcare information management sector employs 100,000 Filipinos. Its workforce is expected to reach 135,000 by the end of the year. Terrado said there is a growing demand for HIM services, and they are looking at attracting more US healthcare firms that will open more jobs for Filipinos.
DTI also cited a MarketsandMarkets research which shows that the healthcare industry accounts for 17.7 percent of the US GDP, translating to almost $3 trillion in spending every year. The industry is likewise expected to expand to $4.8 trillion by 2020. This means that there is potential for the HIM sector to grow and open more job opportunities to Filipinos who have a competitive advantage in terms of communication skills, affinity to Western culture, and strong customer service orientation.