- US firm Panduit: Strong Network Infrastructure is Key to PH business competitiveness
- US firm sees its growth potential in IT-BPM sector
Panduit, a US-based company and global leader in infrastructure solutions, underlined the importance of a robust network infrastructure among businesses in the Philippines amid bullish prospects on the local economy and increasing competition due to Southeast Asian integration. This was shared by Harry Woo, Panduit Managing Director and SVP for Asia Pacific during the company’s launch of its latest fiber solutions in Pasay City.
Woo shared that with the promising economic trajectory of the Philippine economy, the country’s ability to compete well among its SEA counterparts should be supported by the presence of high speed and reliable connectivity infrastructure.
“In recent years, the Philippines has emerged as the fastest growing economy in Southeast Asia because of its strong and resilient businesses that attract investments from industries all over the world.” Woo said. “But businesses should constantly assess and develop their ICT (information and communication technology) strategies to thrive in the demanding and ever-evolving market, especially in light of the ASEAN integration.”
The Philippines is currently the preferred international investment destination for IT-BPM services, and Panduit expects major growth trends in the industry, creating greater demands in various industries such as Animation and Game Development, Contact Centers and BPOs, Health Information Management, and Information Technology and Software Development. A continuously growing sector in the Philippines, the BPO sector alone accounts for 12.6% of global market and is expected to have a 6.5% to 7.5% growth by the end of 2017.
As the market leader in the Philippines for Network Infrastructure Business, Panduit further offers solutions that help local businesses meet the needs of the growing industry by introducing its newest advanced OM5 fiber solution in the country and the latest member of Panduit’s expansive line of fiber solutions, the OM5 Signature CoreTM.
Back in 2008, Panduit® Labs researchers discovered a better technology to make multimode fiber. This discovery gave way to a new generation of MMF with significantly higher total bandwidth – Panduit Signature Core™ fiber was introduced in 2011. The recognition of the benefits of Panduit Signature Core™ technology by TIA Task Group led to the standardization of Wide Band Multimode Fiber (WBMMF) which resulted in the introduction of OM5 fiber in October 2016. Panduit OM5 Signature Core™ extends reach of standard OM5 designs by 15% for Short Wave Division Multiplexing (SWDM) applications and pathing the way to support next-generation data rate of 400 Gb/s transmission. This allows data centers and enterprises to keep up with increasing demand in the performance and reliability of its networks and lowering risks of network down time that can gravely affect business productivity.
With the launch of its versatile product, Panduit will also be able to strategically align its businesses to the Philippines’ growth trends as part of its commitment to support the continuous growth of the country’s economy. In addition, Panduit plans to establish partnerships that would allow them to enter and support new segments such as power generation.
“In today’s highly connected world, excellent connectivity and network capabilities are crucial not only to one’s business but also the growth of the Philippine economy.” Woo shared. “We look forward to be part of infrastructure development that could be a catalyst for the country’s potential growth.”