SEVERAL prominent companies and figures from various sectors in the country have joined the Manila Times’ transformational forum, advancing amid digital challenges not only for business but the overall economy of the country.
It cannot be denied that the utilization of digital resources is now at the forefront of commerce, enabling faster and more effective information management, product exchange, and services worldwide.
This has become a platform for numerous government agencies under the ease of doing business program, responding to the increasing population and the growing demand for essential government services.
In the Philippines, while it gradually embraces modern technology, it acknowledges being far behind the large and advanced countries globally in terms of digital transformation.
In an interview with SMNI News featuring Information and Communications Secretary Ivan John Uy, he highlighted that the primary challenge for their agency is funding.
Nevertheless, they are doing their best to protect the crucial information and data of their agency and other government entities from cyber threats or hacking.
It can be remembered that several of the country’s government agencies have experienced multiple high-level cyber attacks, while no significant information was compromised in these incidents, it has raised public concerns.
Hence, the Philippine government is actively working to enhance its cybersecurity measures.
Attention is given to restructuring systems and policies to maintain the integrity of their information and safeguard the public against potential cyber threats.
Meanwhile, it can be noted that in the realm of business and banking, digital transformation is crucial, as it enables quicker transactions, efficient information sharing, and enhances customer service.
Businesses and banks adopting modern technology are more likely to stay competitive and can potentially maintain customer satisfaction.
In a separate interview with the Manila Times COO Blanca Mercado, she believes that the Philippines is consistently striving in the field of digital transformation.
This includes advancements in digital payment systems, e-Commerce, and digital governance initiatives, such as e-Government services.
However, challenges persist, such as the lack of digital literacy and connectivity in underserved areas.
Lastly, to balance the use of cyberspace, it is crucial to implement proper cybersecurity measures and promote digital literacy the government is trying to upgrade its integrity in responsibly using or utilizing technology, be accountable for online behavior, and support regulations aimed at maintaining the safety and integrity of cyberspace.
Continuous education and campaigns about responsible online behavior are also essential.
