A report commissioned by Google Philippines said digital transformation could create up to ₱5 trillion in annual economic value by 2030.
“The COVID-19 pandemic is likely to have long-term implications in three aspects of the Philippine economy, namely: the emergence of a hybrid workplace that supports digital freelancing; accelerating the shift towards digital payments, and severe disruptions to the business operations of small enterprises," Google Philippines Country Director Bernadette Nacario said in a virtual briefing on Tuesday.
The country’s potentials include a young and digitally savvy population, fast-growing internet economy and several national policies advancing digital adoption.The country, however, faces challenges and barriers in fully realizing digital transformation.
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