The private sector must lead the push for digital transformation
April 14, 2021The private sector must take the lead in the Philippines’ digital transformation to help push the country towards growth and sustainability. This aggressive involvement will help solve the most intricate economic issues, among others, and will be a very effective element in helping warm up the economy despite current setbacks brought about by the pandemic.
A partnership with the public sector is the most desired scenario as it is evident on how it can competently lead this digital transformation. Its resource ingenuity energy and performance management discipline are the crucial factors to augment the government’s slow bureaucratic machinery.
During the recent online forum of Stratbase ADR Institute on “The Private Sector as the Reliable Partner for Economic Recovery”, Ayala Corp. Chairman and CEO Jaime Augusto Zobel de Ayala, rightly pointed out that sustainable recovery can happen if communities that support private institutions also survive and thrive. That now, more than ever, the entire ecosystem must work together to recover and thrive to ensure sustainable prosperity. This holistic partnership will massively cover more ground to expedite the process of recovery and will help operationalize key programs that will prospectively engender growth in the country.
Furthermore, this drive for digital transformation will allow both public and private institutions to deliver their services and products more efficiently and extensively. It will help effectively utilize cloud-based technologies to ensure uninterrupted services and operations. As the pandemic changed the landscape of work, school, and business operations, the continued development of digital services will make it safer for the people to go about their usual activities.
We must encourage private institutions to take the helm and expand its current role to truly bring about change in the current economic situation. The private sector must touch on key areas in order to bring about positive outcomes in health, job creation, and education, among other things, and reinforce the government’s current response to the issues at hand.
We at CitizenWatch encourage and fully support the amplified role of the private sector in the sustained development of the digital sector in the country. This will greatly bolster our country’s competitiveness and stimulate new business ventures that our economy needs to help the country recover from this deep recession.