At the virtual launch of the industry roadmap, Trade Secretary Ramon Lopez said they expect the roadmap to improve the competitiveness of Philippine enterprises, and "engender more affordable, more accessible, and more bespoke public services—including disaster preparedness and management, education, and healthcare."
For the Philippines, the study estimates an economic gain of $92 billion or 12 percent of the country's GDP by 2030. "For Philippine businesses and industries, AI technologies can reduce operational costs, increase efficiency, grow revenue, and improve customer experience. By deploying the right AI technology, businesses can save time and money by automating and optimizing routine processes and tasks," he explained.
"This is similar to having a third party consultant, having an AI consultant, for your own firm. You don't have to open your own AI team because as mentioned it's difficult and probably expensive to have an individual AI team for each company," Lopez added. "Because of the expertise of our advisers, we will also be having AI products, off the shelf, that MSMEs can purchase and definitely at lower costs and can be applied already in their operations.
Some of the country's biggest conglomerates have also begun looking at AI and data analytics to improve operational efficiencies and boost profitability, especially in the increasingly digitized world brought about by the health crisis. Infrastructure conglomerate, Metro Pacific Investments Corporation is also taking steps to further digitalize its operations.
AI industry? Contact tracing nga hindi magawa ng maayos.
Finally!!! There are many talented Filipinos that could put the Philippines in AI's map. It's about time!