Fueling Collaborations through Innovation
Enterprises in the Philippines are still looking out for ways on innovating their products, services, systems, and strategies and other solutions to face the pressing challenges from the rise of Industry 4.0.
Despite these challenges, the Philippines is moving toward an industrial policy that enables inclusive and sustainable growth through its 2022 Development Plan. This plan envisions the country as a society with a stable family and well-developed and resilient communities.
Local enterprises are urged to include people and communities as catalysts for their innovation. Leaders should also be knowledge builders to identify what customers want and provide strategies focusing on consumer satisfaction.
As we delve more on consumer contentment, local enterprises should also be intelligent in this age of “experience economy” for them to thrive, especially that the Philippines remains one of the leading growth economies in Southeast Asia.
According to the World Bank, the country would sustain its economic growth of 6.7% during this year. However, relying on products and services to satisfy customers may notbe enough in the experience economy. Businesses shouldgo beyond the commodities of their products and gain competitive advantage through transformative experiences by delivering customer preference through collaborative settings.
These mindsets are the reasons why SAP is presenting #OurGrowthStory in the Asian Innovation Summit this year. SAP is showcasing the the digital transformation journeys of the country’s top innovating companies, such as JG Summit Holdings, Inc., Globe Telecom, and PLDT.
JG Summit Holdings, Inc., one of the largest conglomerates in the Philippines, jointly announced their collaboration in a project to help accelerate the latter’s journey towards digital transformation using SAP S/4HANA solution, spurring new growth areas for JG Summit’s main corporate arm, its subsidiaries, and affiliates.
Globe Telecom collaborated with SAP to digitalize its finance processes, enabling real-time decision making and support agile environment using S4/ HANA business suite platform, as well as Concur and Ariba Procure to Pay (P2P) service solutions. These solutions allowed Globe to upgrade its Enterprise Resource Planning (ERP), automating most of the manual processes.
PLDT has implemented the SAP Revenue Accounting and Reporting (RAR) solution in addressing the International Financial Reporting Standards (IFRS) compliance requirements.
The presentation will also showcase experts and professionals in their respective fields to further highlight the importance of innovation in the economic growth of the country.
The digital world presents an exciting time for united business enterprises to grow with the economy through the proper investment and innovation towards technological tools, systems, and disruptive models. This is also the reason for another warm and exciting communion at the Asian Innovator Road Show in five major cities in Southeast Asia.
Asian Innovators Summit (AIS) is the premier platform for family conglomerates, the public sector, and various industry players to network and gain valuable insights on how the latest technology and solutions help them with their innovation agenda.
“We are brewing an exciting format for 2019, as Asian Innovators Summit will set the stage for businesses to lead and create new business models through the Industry 4.0 Revolution,” said SAP managing director Edler Panlilio. “The fresh content is where Technology meets Business needs –as participants experience the use of technology across our ecosystem of partners and understand how they all come together to bring the best customer experience in the age of intersection with AI, Machine Learning and Blockchain.”
Present in 5 countries, the Asian Innovators Summit will be held in Manila today.