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Globe Telecom leads country's Fourth Industrial Revolution

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Globe Telecom claimed it was taking the charge on the country's digital transformation, as evident with its massive effort to strengthen its platform with advanced technologies. 
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Globe leads the Philippines' Fourth Industrial Revolution readiness

Globe Telecom leads country's Fourth Industrial Revolution

The group, famously known for its telecommunications services, has been investing in other fields, including startups, financial technology, digital marketing solutions, and virtual healthcare.

This move, its chief Ernest Cu said, allowed other industries to be ready for the Fourth Industrial Revolution or IR 4.0. 

According to a study by the Philippine Institute for Development Studies (PIDS) entitled Preparing the Philippines for the Fourth Industrial Revolution, it defined IR 4.0 as "the digital revolution with cyberphysical systems providing new mechanisms and allowing technology to be embedded within societies and even the human body."

Globe’s digital transformation enabled new industries to thrive in the country’s digital economy, resulting in high adoption rate of online shopping , ride-hailing, and mobile food delivery applications among Filipinos, Cu said. 

With a new USD 150 million capital fund, its unit Kickstart Ventures has been supporting startups focused on key technology areas in data and analytics, machine learning, artificial intelligence, cloud computing, fintech, automation, real estate, retail, transport, energy, water, health and wellness, and food, the Globe executive said. 

Its mobile wallet GCash, meanwhile, has been accelerating the financial inclusion in the Philippines as well as boosting the local e-commerce sector. 

GCash has now 20 million registered users, even beating the total number credit card holders.

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