IF WE do things right, Exist president and chief executive officer Jerry Rapes said, the opportunity is really big.
From $9 billion and 500,000 direct jobs in 2010, the information technology-business process outsourcing (IT-BPO) sector in the Philippines is targeting $25 billion in revenues and 1.3 million workers by 2016.
Rapes is optimistic about hitting the target.
“I think Filipinos are as good as anybody in the world,” he said in his Cebu office at the Asiatown IT Park. Local developers are “very good and trainable and although there are areas for improvement, they are technically sound.”
Filipino developers are good at collaborating and have an excellent command of English. “The US market is still the biggest IT market. When you get a project from the US, the Filipinos don’t need translators, they can communicate directly with the American client, partners and engineers,” Rapes said.
But for the industry to thrive, it must have regular supply of skilled workers.
Last Thursday’s event was the eighth meetup of the group. Previous meetups covered such topics as Google applications, business of software startups and challenges of building one, and how to set up a company.
Still, local startups are undeterred. Those present last Thursday–web developers, hardcore programmers, site managers, service founders–were excitedly talking about projects they were doing or planning during the meet and in the after-event meal and drinks.
Members of local startups meet in the Cebu Educational Development Foundation for Information Technology (CEDF-IT) office at the Asiatown IT Park in Cebu City. (Photo by Honeylyn Balingcasag)