The artificial intelligence (AI) boom is driving up the cost of computers, servers, and memory chips, threatening to slow the Philippines' push to adopt AI as businesses face higher technology costs and delays in upgrading their IT infrastructure.
Companies that fail to invest in artificial intelligence (AI) today risk being left behind in the next five years, warned VST ECS president and CEO Jimmy Go at the start of the annual CXO Tech Summit at the Shangrila Boracay.
Jimmy Go, president and CEO of VST ECS, said that even though many countries are poised to have flat or near-flat gross domestic product (GDP) growth in 2024, IT spending “will remain strong this year and in 2024.”
In what is expected to be the largest virtual gathering of tech brands and IT leaders, VST-ECS Phils. Inc. will host the CXO Innovation Summit 2021 on December 7-10 to help participants navigate the future of digital business.
