Four key tech trends that will shape PH’s new normal – Manila Bulletin

The pandemic accelerated the digital transformation of all businesses, regardless of size. Companies that immediately embraced various digital solutions in their strategies performed well and were shielded from the particular devastating effects of the prolonged lockdowns. Digitalization ensured business continuity and jumpstarted the electronic journey of traditional business operations.

As economies navigated the era of lockdowns and mobility restrictions, the consumer and enterprise business landscape turned to technology. Technology solutions provided platforms for consumers and large-scale sellers to meet their needs while cooped up in the comforts of their homes.

According to the data of investment management firm Morgan plus Stanley, e-commerce rose in order to 21% associated with total retail sales in 2021 from 19% within 2019. Even if lockdown restrictions have been lifted, it still rose to 22% of sales in the particular first few months of 2022.

The Bangko Sentral ng Pilipinas recently reported that digital payments make up 30% associated with retail transactions in 2021 in the Philippines, which means that will online payments are also gaining traction.

“The past two years set the pace for electronic acceleration among small businesses and scaling up for large enterprises, ” said Calvin Lim, President and Chief Executive Officer of listed company DFNN, Inc. (PSE: DFNN), a leading IT solutions provider and systems integrator. “The coming years will show how we have progressed within the digital space and how large and small businesses leveraged technology to get ahead. ”

Lim believes enterprises must watch out for four key trends to future-proof their companies. Lim hopes these styles will enable organizations to pursue decisions that will not only accelerate electronic pivot but also collection the pace in whatever industry they are in.

1. Further increase in cloud adoption
The cloud is one of the essential components with regard to fintech plus e-commerce in order to flourish. Market analyst company International Data Corp. (IDC) forecasts that in 2022, cloud infrastructure spending will grow by 21. 7% globally.

Organizations will look at a multi-cloud setup for their computing and storage services. Investment in the cloud is seen to increase as the need also rises. E-commerce is just one sector that will spurred the use of the cloud not just for storage and platform but also for applications.

And as all of us enter the Metaverse era, there will be further demand for impair technology. This alternate universe will need the platform to converge people’s alternate personas. With Web3, people will tread these digital platforms and share unified experiences.

2 . Expansion of Information Centers
With the demand for the particular cloud increasing, there will be a need for more information centers. The particular Philippines is being groomed to become the hyperscaler hub in Southeast Asia.

Last year, Chinese firm Alibaba Cloud opened its data center in the country. Singapore-based data middle operator Beeinfotech PH announced the general availability of The Hive, a telco-neutral facility located within Pasig. It boasts 3, 000 server racks in its three-floor building. Telecommunications provider PLDT held the groundbreaking of its VITRO Sta. Rosa recently, which this said may specifically service high-profile hyperscalers. Even small-scale data center providers are looking at establishing or expanding their own presence in the united states.

DFNN has dipped the toes in this as it announced its intention in order to invest inside building the country’s first green data center within the Freeport Area of Bataan in partnership with Nautilus Data Technologies, a global pioneer in information center technologies. This will be a testament to DFNN’s vision associated with being a partner in nation-building and forging long-term commitments, not only to customers but to the planet as well, by investing in sustainable projects such as the green data center in Bataan.

3. The evolution of fintech
In the Philippines, fintech is usually evolving through contactless dealings to creating other products and services. We are now looking in cross-border payments not only on the consumer side but also on enterprises.

Financial institutions — including legacy plus digital banks — will certainly see that consumers can not have to leave their apps or systems. They will build an ecosystem limited within the walls of their particular web or even mobile programs. Some e-wallets have started offering various loans, investments, and even insurance within their applications, leaving possibilities virtually boundless as features and services may be expanded as demand is identified. Embedded finance is fast becoming mainstream, as further highlighted simply by the growing popularity of the Buy Now, Pay Later scheme within the retail sector, which is definitely immensely popular with young professionals who have yet to build a strong credit rating along with traditional lending institutions. DFNN had these types of integration capabilities long before this became commercially in-demand.

Before online trading became the particular norm, our tech arm, subsidiary iWave, Inc., developed the NEXT-WAVE Interactive Broker Platforms and Systems. This particular stock investing platform enables brokers plus retail investors to trade within the application. We have seen the Philippine Stock Exchange closing the trading floor as it realized that secure transactions could end up being done anywhere.

The NEXT-WAVE application provides brokers and traders with an end-to-end integrated system that ensures safe plus inclusive market participation.

4. The particular rise of gaming
IDC said in a 2021 report that gaming, specifically mobile gaming, may thrive since the pandemic eases. Gaming is also one associated with the factors in the sharp increase in device shipments amid an ongoing health crisis. People resorted to video gaming, with long-time gamers improving their playtime and new gamers adding to the number of hours spent playing.

The coming years will show how we have advanced in the particular digital space and how large and small businesses leveraged technology to get ahead says Calvin Lim, President and Chief Executive Officer, DFNN, Inc.

In the report “Gaming Market – Growth, Trends, COVID-19 Impact, and Forecasts” by ResearchAndMarkets. com, the particular gaming market is expected to reach a value of $339. 95 billion by 2027.

With games and tournaments giving record-pool prizes, talents and game developers are thriving. Brands and companies have jumped on the bandwagon, a testament to the promise social gaming can be expected in order to bring.

DFNN is in a position to provide a world-class gaming experience along with IEST Inc., which is an owner plus operator of multiple video gaming licenses, providing betting and gaming systems. With a solid and robust back end, IEST can quickly develop products depending on the particular demand. IEST developed the first legal online gaming platform InPlay, Instawin, plus sports-betting system Xchangebet.

InPlay is the particular first lawful online video gaming platform inside the Philippines, aiming to legally bring domestic mobile gaming companies. Instawin, upon the some other hand, is one of the earliest e-casino platforms and a key supplier of a variety of games within nearly 200 locations across the country. It also operates Xchangebet, a sports betting platform.

Ultimately, technologies will remain a catalyst as we navigate the future. The emergence associated with new technology will furthermore allow consumers and businesses to either accelerate or pivot. Depending on company objectives, solutions are presently there for the taking. We do not know what challenges lie ahead, so companies must be the step forward to avoid disruptions in operations. Businesses need to find the right fit that will future-proof their organizations.

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