Philippine companies continue to be challenged by slow internet and low adoption to technology, factors that drag their potential of attaining digital sustainability.
Tata Consultancy Services together with the Centre of Digital Enterprise, University of Auckland Business School, said only 11 percent of local companies in the Philippines are digitally sustainable.
The top sustainability goal is employee’s health and safety incidents while ensuring efficiency gains and cost savings of a company.
However, respondents feel leadership of non-tech personnel is their “primary inhibitor” in adapting to digital sustainability.
Other challenges faced by the Philippines is the lack of in-house knowledge specifically in sectors like manufacturing, construction, and transportation and the lack of budget and clear return of investment.
The study also showed that Philippine C-level executives have responded that their companies spend less than 1 percent in annual spend for digital sustainability which explains the limit in terms of budget. – Irma Isip
