Where is the Philippine ICT Heading in 2020?

MEC Digital — Fri, 15 Nov 2019 03:22:14 +0000

Where is the Philippine ICT Heading in 2020?

Philippines is becoming one of the emerging tech regions in Asia as strong public investments are expected to support the country’s economic growth. More than ever, the Philippine Government recognizes the need for strengthening efforts to widen the reach of ICT in the Philippines. In line with this, P5.2 billion is allocated for the Department of Information and Communications Technology (DICT) for 2020 to support its efforts in rolling out interconnectivity and data security programs.

Of the overall budget, P1.1 billion will be used to install free WiFi in public places. Some P280 million will be used to fund free Wi-Fi facilities in state universities and colleges while P196 million will be for the National Broadband Plan.

Furthermore, it is also envisioned that around P295 million is needed on creating the National Government Data Center (NGDC) which will serve as the physical infrastructure that will interconnect government agencies through centralized data centers, servers, and storage facilities.

The Market Potential of ICT in the Philippines

According to the 2015 Frost & Sullivan report, there is going to be a shift in total spending in the ASEAN IOT Market. Singapore, the undisputed leader with 44.25% of total IoT spending, will drop by close to the 50%

Singapore 2015

44.25%

Singapore 2020

50%

while the Philippines share will increase by 12%. This only means one thing, the Philippine IoT spending is forecasted to grow from US $55.1M in 2014 to a staggering US $766.8M in 2020. We are about to see the emergence of Philippine’s ICT Market.

Philippines 2015

12.56%

Philippines 2020

24.65%

Considering that the Philippines is a country with a young population that is in the process of building its ICT market, it is poised at creating a government, as well as companies, that are actively looking for partners in the ICT space.

Key Areas in ICT Development:

Back in 2014, Manufacturing and Logistics has the biggest share of spending in ICT. However, the sectors of banking, healthcare and smart city hold a lot of promise for future investments of ICT.

Banking

In a study done by the World Bank, it is said that 69% of Filipinos did not have bank accounts in 2014. This factor, combined with the rise of online shopping, presents a gigantic opportunity for e-wallet operators in the ICT space, as they could easily claim roughly two-thirds of the Philippine population as potential customers.

Healthcare

Meanwhile, in the latest Philippine Statistics Authority report, health-related expenditures pose an 8.3% increase in total spending in 2018 compared to the previous year contributing 4.6% to the country’s GDP. In effect, the Philippine government has been also actively looking at ICT services for healthcare solutions in an effort to provide a sufficient level of health care, especially to rural areas and spread-out island communities.

Smart Cities and Infrastructure

Smart Cities are an important component in growing digital economies, as it incorporates sustainable growth and deep technological integration into the country as well as giving substantial economic boost. The Philippines have planned for multiple smart city projects that will be launched over the next decade such as the New Manila Bay City of Pearl and New Clark City being the core developments. The New Clark City alone is predicted to contribute an additional USD$31 billion to the country’s GDP.

Factors Driving ICT Spending Increases in 2020

Upgrading Infrastructure

We are all aware that the world of technology is fuelled by continuous advancements. Upgrading ICT infrastructures, which remains to be the main driver of ICT spending increase, is an imperative for businesses because keeping legacy ICT infrastructures can expose your business to risks like system downtimes, decreased productivity, security issues, and increased cost.

Growing Security Concerns

The threat of cyberattacks remains as one of the biggest challenges that the Philippines is facing nowadays. The growing number of aggressive and malicious hackers targeting businesses is not to be shrugged off. A study by Frost & Sullivan states that a large-sized organization in the Philippines can possibly incur an economic loss of $7.5 million, more than 200 times higher than the average economic loss for a midsized organization ($35,000). Organizations should invest in a robust unified threat management system that protects their most valuable assets, data and information.

Employee Growth

The abundance of human and talent resources in the Philippines presents an under-tapped national asset that is ripe for mobilization. Building a thriving ICT ecosystem requires a mechanism to complement this opportunity with a conducive policy and business environment that can optimize productivity and increase competitiveness. For instance, ICT innovations, such as higher broadband speeds first introduced through the BPO sector’s rigorous global requirements, are slowly becoming mainstream requirement in other industries like banking, education, the government, and even at home.

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In the end, we at MEC look forward to how the private and government sectors will strengthen the partnership and move past industry boundaries to build on the momentum of digital growth that will promote balanced regulation, empowered innovative endeavors, and boosted competitiveness for inclusive growth of all Filipinos.

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ChargeUPS: Why Businesses Need A UPS

MEC Networks Corporation — Thu, 16 May 2019 01:45:50 +0000

Power outages caused by utility failure, accidents, and natural disasters such as storms, flooding, or earthquakes are inevitable. There’s very little you can do to prevent any of these from happening, but you can avoid the consequences to your business by using an Uninterruptible Power Supply (UPS).

What is an Uninterruptible Power Supply?

An uninterruptible power supply is a basic bit of equipment that secures both your machines, your information, and your whole operation. It gives a backup power source if there should be an occurrence of major power disappointments brought about by electrical flow issues, for example, blackouts, brownouts, and power spikes.

Smaller UPS units can ensure singular computers while bigger models can power numerous devices or a whole office. Independent companies can pick individual UPS units, which ought to be sufficient to back up basic computers and different devices that are critical to business congruity.

Advantages of Having UPS

Power outages can harm or totally crush electronic devices, particularly computers and IT infrastructures machines like servers, switches, and surveillance equipment. The surprising shutdown can make incredible harm to your equipment and influence you to lose unsaved information. In today’s digitally transformed work, every company requires a continuously operating and connecting office that never runs out of power. A UPS guarantees you the power to keep you going.

Here are different ways that a UPS benefits your frameworks:

Uninterrupted power flow during power surges

When you have UPS, the voltage that goes from the primary electrical lines to your devices is reliably stabilized. This shields your devices and major machines from power surges, which happen when the voltage in other hardware all of a sudden ascents.

Refined and filtered power supply

It normalizes power levels, so your devices are secured against plunges and spikes, brought about by lightning or an anomalous power supply that generally originates from reestablished power after a blackout.

Instant power during brownouts

An uninterruptible power supply ensures your activities’ continuity. In the case of transient intrusions, it gives you sufficient opportunity to change to a bigger, progressively stable power supply, for example, a generator.

Be that as it may, in contrast to a generator, it gives moment power to your hardware at the definite minute the power goes out.

Does Your Business Need a UPS?

In case you’re acquiring new devices and infrastructure for your company, a UPS is a very important part to include on. Businesses that require constant power to function such as hospitals, banks, academic institutions, manufacturing companies, and any business for which storing and processing data are critical tasks can benefit from uninterrupted power.

This is why we at MEC are now adding new technology expertise under our growing portfolio of solutions to help you keep going through your digital transformation. Learn more about our new Power Solutions Line now and get uninterruptible growth with uninterruptible power!

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Where is the Philippine ICT Heading in 2020?