Philippines Businesses Encouraged to Boost Returns through Tech Adoption

An IT expert advises that Philippine businesses should improve the return on their technology investments by balancing investments in innovation with the optimization of current systems. Han Law, the regional chief technology officer for ASEAN and Greater China at Rimini Street Inc., indicated that the Philippines is experiencing a “digital revolution,” highlighting its position as the fastest-growing internet economy in Southeast Asia along with the swift rise in digital payments.

“In this exciting time, IT and finance leaders must find the right balance between investing in innovation and optimizing existing systems, taking a strategic approach to achieving both growth and profitability,” Law said in an email interview.

The International Business Report from Grant Thornton shows that mid-market companies in the Philippines are transitioning to more strategic investments, emphasizing technology, personnel, R&D, and branding.

Law stated that it is essential to optimize the value and potential of technology investments in a time of significant IT expenditures. He challenged the idea that mission-critical systems lose relevance after a specific time, asserting that the important data in these systems drives AI

He stated that with the appropriate third-party support partner, companies can sustain their systems for years, keeping customizations that offer competitive benefits without expensive and risky upgrades or re-implementations.