The opportunities for outsourcing in the Philippines are promising. “It is estimated that the total outsourcing market globally will grow to about $250 billion in 2016 from about $125 billion in 2011. IT Outsourcing (ITO) sector is projected to grow from about $80 billion today to about $140 billion in 2016.”
“Of the $80 billion, IT Outsourcing in the Philippines accounts for approximately $700M or about 1 percent of the global market, so there is no other way but up,” said Jerry Rapes, CEO of Exist and PSIA marketing chair.
Jerry was at HongKong ICT Expo last week and presented during the Philippines Outsourcing Forum on the spectrum of IT-BPO Services in the Philippines. I had first dibs on the presentation and I’d like to share to you some of the insights he had shared.
Jerry had re-focused his presentation to “what the Philippines can do differently” instead of highlighting figures and enumerated four capabilities unique to Philippine-based software engineering teams:
- Left + Right sides of the Brain. “In the Philippines, you’ve got both sides of the brain all in one place.”
- Creating Conversations. You talk, we listen. Stories are more important. This is about the ability of Filipino engineers to engage with clients in the creation of user stories. By collaborating more openly, requirements for the project become better defined. This kind of approach almost often leads to shortened development time, reduced costs, and ultimately, a more innovative output.
- Small, nimble teams + focused technology + best practices.Imagine: a “self-managing” scrum team with 100% commitment to the success of the project.
- Delivering more than just software. The Philippines prides itself with a vibrant ecosystem of small to medium-sized software companies with decades of software development experience, strong technology footprint, and proven track record to innovate with its customers. “We have niche technology and industry focus and match that with our flexible engagement model gives our customers value for their money. We are technology partners, not providers.”
Jerry’s presentation may be viewed / downloaded below or from our SlideShare.