THE Information Technology (IT) and Business Process Association of the Philippines (Ibpap) expects to finish next month its review of the industry road map, as it seeks to achieve the goals it set to remain significant in the ever-changing business environment.
“I think the target is within September we should be able to come up with the recalibration of the road map that happened two years ago,” BPAP Chairman Lito Tayag told reporters last week during the fiscal year-ender dinner hosted by Accenture Philippines for the media in Bonifacio Global City, Taguig.
According to him, they are still waiting for the final report of Everest Group, the research and consulting company they contracted.
“We retained them, but they have not completed [yet] the whole recalibration effort. So we’ll be happy to talk to you around September,” Tayag said.
The review of the current road map is ongoing, including job and revenue projections for the next three years.
The country’s IT and business-process outsourcing (IT-BPO) industry implementing a road map that runs until 2022.
It aims to become a $40-billion industry in the next three years, which translates to an annual revenue growth rate of 9 percent.
In 2017, the IT-BPO industry recorded $23.4 billion in revenues. It is expected to generate between $24.5 billion and $24.8 billion in revenues last year.
“But all of that—the weak 2017 and lower-than-expected [revenue] for 2018—we’re very hopeful about 2019,” Tayag said.
“That is why we went through this exercise of recalibration. But that recalibration is not completed yet. Just like you, we’re very passionate about this industry,” he added.