The Manila-based Asian Development Bank forecast an economic growth of 6.4% for 2016 and 6.2% in 2017 confirms that the Philippines has enjoyed the fastest growth of any country in the Asia Pac region for the past five years.
- Bloomberg recently reported that the Philippines, gifted with a young population and supported by $50 billion of revenue from remittances and outsourcing, plus an additional boost from President Duterte’s $160 billion-worth of infrastructure projects aimed at creating jobs, will undoubtedly reduce unemployment.
- The International Monetary Fund estimates the Philippine economy to be worth $311 billion.
- Business Monitor International predicted “The IT CAGR (Compound Annual Growth Rate) will be over 8% throughout 2016 to 2020” with IT service sales (CAGR) of over 13% for the same period.
- Cyber User System attacks in the Philippines in 2016 increased by 17% and Distributed Denial of Service (DDOS) by 43%.
- A recent cyber-attack on the Philippine Electoral Roll hackers obtained personal data of 55 million voters including 15.8 million fingerprints exposing the weakness of Government IT systems.
- Philippines was ranked four in “Cloud Computing Readiness Index 2014” of the region, with cloud adoption in business at the level of 35%. Cloud adoption amongst businesses is growing rapidly.
- According to DICT, the Philippine IT outsourcing could potentially double its global market share. Philippine enterprises and SME’s should consider moving into Digital Transformation.
- Cloud Technology is an important element in Cyber Security support for business and Government services.
- Cloud Technologies have to be upgraded and expanded to meet 21st Century requirements.
CYBERSPHERE 2017 is therefore the best place to meet, discuss and learn about the latest technologies that are currently available to meet the needs and requirements of the Philippine Government and their Agencies.