UNION Bank of the Philippines Inc. (UBP) and Global Learning Solutions Pte. Ltd. (GLS) were tapped by the Department of Trade plus Industry (DTI) for the trade department’s electronic transformation program, the DTI said.
The DTI said it signed a Memorandum of Understanding (MOU) with the two entities “to intensify collaboration on digital transformation. ” The trade department stated officials and executives authorized the agreement after the particular inauguration associated with the UBP’s Innovation Campus.
“DTI puts science, technology and innovation at the heart from the country’s industrial policy to grow and develop globally competitive and innovative industries plus achieve sustainable, inclusive and resilient commercial transformation, ” Trade Secretary Alfredo E. Pascual mentioned.
“We are grateful to [UBP] and the [GLS] for partnering along with DTI in making the vision for the particular country’s twin innovation facilities possible, ” Pascual added. However , the DTI didn’t disclose the particular value of the partnership.
The industry department said that the agreement mandates the establishment and operation of the particular Center with regard to Artificial Intelligence Research, or “Cair, ” as well as the Industry 4. 0 Pilot Factory, or “I4PF. ”
The particular DTI stated Cair is among its initiatives to make the Philippines an AI “Center of Excellence” and will be crucial in boosting artificial intelligence’s contribution to the economy.
The DTI mentioned the AI Center may serve as a hub where data scientists plus researchers can perform collaborative AI research and development (R& D). To complement the Cair, the I4PF will host pilot, demonstration and learning laboratories regarding relevant technologies including robotics, intelligent manufacturing and cyber-physical systems.
Deal details
UNDER the contract, DTI will spearhead activities for cooperation and cooperation among stakeholders. Meanwhile, intended for UBP’s part, it will certainly house the AI center and the pilot factory at UBP’s “Innovation Campus” to get free, according to documents provided by the business department.
The particular UBP Innovation Campus is a 5-story building the lender envisions as an R& D technologies hub and a launch pad for “game-changing solutions and innovations. ”
The creating will also house the Asian Institute associated with Digital Transformation (AIDT), a good entity jointly established by UBP plus GLS while a corporate social responsibility (CSR) initiative to help the public and small plus medium enterprises (SMEs) through exchanging knowledge in business technology and development.
The DTI said the particular UBP may also take the lead as the primary industry and electronic innovation partner for all the actions and initiatives on digital transformation that shall be executed under the collaboration.
Meanwhile, the DTI said GLS can serve because the department’s official training and studying partner pertaining to workshops and learning sessions of SMEs, which the DTI said can be free of charge. The trade department said GLS will be tasked to provide experts meant for events plus activities organized under the particular partnership.
Private sector support
THE industry department stated the agreement was made pursuant in order to the Philippine Innovation Act of 2018, which calls on the government to adopt a broader view in crafting its advancement goals and strategies.
“DTI recognizes the need to embrace business 4. 0 technologies and will continue in order to pursue electronic transformation to enhance productivity and competitiveness, develop new industries, create more plus better jobs and attract new investments, ” Pascual said.
The MOU was signed simply by Trade Admin Alfredo Electronic. Pascual, UBP President and CEO Edwin R. Bautista and GLS CEO plus Founder Roger Collantes during the 2022 UnionBank Development Festival last September 9.
Aside from UBP and GLS, the particular trade department has also been coordinating with other partners in the private sector in order to fast-track digital transformation.
For instance, with the rebranding of PayMaya Enterprise as “Maya Business” final month, the DTI chief said the government will not be able to achieve the digital transformation goals alone. He additional that using the private sector’s “agile mindset and disposition, ” it has to play a key role particularly in implementing the particular digital evolution of businesses.
Further, Pascual earlier mentioned that electronic players plus stakeholders within the private field “will set the direction and pace of this change, both independently and in conjunction with related public programs. ”
