04/09/2023 (Philippines) - Telecommunications companies in the Philippines were gearing up to capitalize on the growing adoption of advanced technologies, driven by the rise of artificial intelligence (AI) and the Internet of Things (IoT) in the country. Executives highlighted the significance of AI and IoT in meeting the escalating demand for improved connectivity.
According to Dennis Anthony H. Uy, Co-Founder and CEO of Converge ICT Solutions, Inc., AI was poised to be a game changer in the industry. Roderick S. Santiago, network head at PLDT, Inc. and Smart Communications, Inc., emphasized the potential of AI to enhance operational strategies.
The Philippines' Trade department introduced an AI roadmap to enhance technology utilization for the country's global competitiveness. Projections suggested that AI adoption could boost the country's GDP by 12% by 2030.
DITO Telecommunity Corp. explored 5G technology's applications in various sectors, taking inspiration from China's extensive use of 5G in areas like manufacturing and agriculture.
Amid pandemic disruptions and policy changes, companies in the industry redefined priorities. While Globe Telecom, Inc. witnessed a 2% revenue decline in 2020 due to pandemic-related impacts, the shift towards remote work and learning increased data consumption, leading to an uptick in data revenue's share of total revenues.
To navigate challenges posed by competition, regulatory changes, and cyber threats, industry experts emphasized the importance of partnerships, staying updated on emerging trends, and aligning with consumer demands to ensure sustained success.