Feature Articles

IDC Futurescapes 2017: A glimpse into the future

By Lionell Go Macahilig - 23 Feb 2017

Formation of DX teams and cybersecurity in Philippine organizations

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Formation of DX teams in Philippine organizations

In response to the building of the Philippine DX economy, by 2018, 25% of organizations will dedicate their digital transformation to their initiatives. Organizations will continue to recognize in favor of policies for digital innovation and will not allow themselves to lag behind their peers, especially today in this competitive market. More and more management level officials will verse with the potentials of the DX and will recognize that having a dedicated DX team will become more efficient for them to handle their DX initiatives. Companies will begin to transition from having only temporary or ad hoc groups into creating a specialized team composed of officers who are more knowledgeable or well-trained in the field of DX.

The structure of DX teams in the Philippines will be headed by a tech-savvy CEO who will be greatly involved in mapping or implementing the DX initiatives. He or she will be supported by a chief data officer who will serve as the agent of change for this DX team. There will be a strategically minded chief intelligence officer, chief information officer, or chief technology officer who will be in charge of creating digitally enhanced portfolio. Digital bootcamps will be used to enhance the tech-savviness of other officers or employees. More top level executives and enterprises needing to put DX at the core of their business strategies.

IDC is seeing that 46% of CIOs believe that DX will help them improve their competitiveness, whereas 32% will believe that DX will help them retain their edge and relevance in the market. Twenty-two percent will be noting that DX will help them gain market share, while 57% of CIOs will have already funds allocated for DX initiatives. In order for these DX teams to become successful, companies will need to invest more on making their executives tech savvy enough in adopting newer technologies in order to move from legacy systems to newer forms of technology.

idc, futurescapes, bpo, dx economy, asean, philippines, ict, gdp, wechat, whatsapp, underarmour, 3d printing, local motors, olli, cybersecurity, big data, enterprise, sari-sari stores, augmented reality, virtual reality, microsoft, sony, google, facebook, dict, clark green city, project noah, duterte, trump, augmented humanity

Cybersecurity as top priority among Filipino companies

Last year, there have been a number of cybersecurity issues both in the private and public sectors. IDC is seeing that by 2018, cybersecurity will be one of the top level business priorities in organizations, exceeding the capital spending for about 30% in top 1,000 Filipino companies. Threats can be internal or external and employees may not be aware that they are letting external threats enter the networks of their companies. Of course, there will always be external threats coming from hackers or third party organizations. Today, companies are recognizing that having a limited IT staff or letting their traditional IT department handle all cybersecurity threats will not be sufficient in the long run, taking into account the increasing complexity of the cyber attacks that are happening recently. CIOs are aware of these threats, however, current measures to combat them many not be that solid. Therefore, CIOs will need to enable adaptive responses to security compliance and organizations will need to engage employees across the enterprise to make security everyone’s concern.

Successful attacks have significantly raised interest in and awareness of the modernized security infrastructure in the Philippines. In 2016, the list of cybersecurity attacks in the country actually included Comelec wherein private, confidential information of voters was leaked out to the public. There’s also the 2016 Bangladesh bank heist wherein about USD 100-million was transferred from a Bangladesh bank by the hackers. There were also instances of hacking activities related to the West Philippine territorial issues were reported. A security firm also noticed a malware that attempted to spy our government and even some of our private sectors and this was traced back to China.