IT BPO ‘next wave cities’ to boost $25 billion revenue target by 2016
Department of Science and Technology (DOST) Secretary Mario Montejo announced the different localities included in the IT-BPM hubs list during the recent IT-BPM Summit at the Makati Shangri-La Hotel.
The so-called ‘Next Wave Cities’ include Iloilo, Sta. Rosa, Baguio and Bacolod are taking the forefront of the targeted $18-billion revenue drive by the end of 2014 through Information Technology- Business Processing Management or IT-BPM. These cities are being developed and molded to be part of the top 100 IT-BPM hubs in the world. Montejo is hopeful that a $25 billion revenue target by 2016 is attainable.
DOST is actively doing road shows in the rural areas to increase the familiarity of residents on other BPO slice aside from contact centers. The department is promoting the areas of animation, healthcare outsourcing, game development, software development and web development, in which Filipinos are highly skilled. Monchito Ibrahim, Deputy Executive Director of DOST discussed the Rural Impact Sourcing in the provinces at the event. Ibrahim noted that rural sourcing has roughly 300,000 entrepreneurism in the IT-BPM circle.