Cebu Information Technology-Business Process Management Organization President Pert Cabataña in his talk at the 2021 Transformation Summit points out the tyranny of the S Curve as the industry’s enemy.
In 2019, the industry growth forecast for 2020 to 2022 was at 3-7% and in early 2020 it was adjusted to only 3-5%. “But 2020 saw further deceleration to only 1.4% or $26.7B,” added Cabataña. “No doubt, the pandemic contributed to the deceleration but even before the pandemic, we already saw the start of the slow down. Therefore, the industry entered its slow growth stage”.
The CIB.O president said they seek to achieve superiority in 10 years and that innovation and ecosystem development are the overarching concerns of their organization.
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