A survey carried out by the IT and Business Process Association of the Philippines showed 83 percent of IT-BPM companies expect to post growth in 2023 despite a potential global recession, while 17 percent remained neutral with their forecasts. Know more:
A survey carried out by the IT and Business Process Association of the Philippines showed 83 percent of IT-BPM companies expect to post growth in 2023 despite a potential global recession, while 17 percent remained neutral with their forecasts.
However, IBPAP unveiled the five top key business challenges that companies cited were talent and skills gap; cost pressures; more work going to competing locations such as India, Poland and South America; and adapting to evolving customer needs and business models like hybrid and remote work, and inadequate supply of enabling infrastructure, particularly in the countryside.
“We have more partnerships, projects, and programs in the pipeline for Talent Development and the other Acceleration Levers and we don’t plan on letting up or slowing down because we realize that a lot is at stake here that’s beyond revenues, margins, or profits,” Madrid stressed.
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