Robotic Software Firms consider investing in PH

Posted on Thu, 05/24/2018 - 15:47
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PH drawing RPAs for investment
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Because of its people and growing economy, the Philippines is an attractive investment destination for robotic process automation firms. 

The Filipinos’ fluency in English and their knowledge in technology aren’t the only factors that draw potential investors of robotic process automation (RPA) firms, but it’s also due to the economy’s consistent growth — especially in terms of GDP.  

“Everyone speaks English, are friendly, and also there is a high level of technology understanding. So I think these elements create a perfect spot for investment,” said Malina Platon, the UiPath Head of Asean Region, comparing the country to other nations within the region.

RPA is another whole level of technology that can produce more jobs and eventually help the Philippines like it has in Japan and India. RPAs can contribute to strengthening the business process outsourcing industry in the country, specifically in processes like HR and finance.

"The Philippines can benefit a lot from the digital wave especially because people in this market have a high appetite for new technologies," Platon added.

Information Technology and Business Process Association of the Philippines (IT-BPAP) says the total number of workers employed in the BPO industry will increase to 1.8 million by 2022.