Outdated systems, lack of tools top challenges for SMEs

Outdated government systems and lack of tools to address growing risks are the top challenges for the country's small and medium enterprises, which the Philippine Chamber of Commerce and Industry (PCCI) hopes to help address by working with the government.

- By Louella Desiderio

Speaking at the launch of the PCCI's upcoming Philippine Business Conference and Expo (PBC&E), Converge ICT Solutions Inc. CEO Dennis Anthony Uy, who also serves as this year's conference chair, said manual government and internal business systems, lack of resilience tools amid growing risks, as well as the talent development gap were identified by SMEs as real business challenges that they face.

Uy said the SMEs were asked to identify challenges as part of the nationwide Byte Forward Hackathon being conducted along with the PBC&E.

Uy said businesses could not compete in a digital economy with analog systems.

He also emphasized the importance of having tools to enable businesses to address risks.