In 2020, at the height of the COVID-19 pandemic, VST ECS Phils, Inc. held a virtual forum to explore the effects of the virus on businesses and organizations, as well as strategies for surviving the crisis. Now in its fifth year, Boracay plays host to the CXO Innovation Summit, the greatest annual event by VSTECS Phils. Inc., the country’s top ICT distributor. Here are the event’s most noteworthy highlights.
This Has Been A Long Time Coming
Since 2018, this conference has been a central gathering place for leading IT suppliers and decision-makers to network and exchange information on market developments, emerging technologies, and other topics of mutual interest. Before the 2020 pandemic, the CXO Innovation Summit was hosted in the Shangri-La Resort on Boracay. Jimmy Go, president and chief executive officer of VST ECS, created the CXO Innovation Summit so businesses can learn from one another and better use technology developments. And now, after two years, the summit returns to Boracay again.
Modernization In The Era Of The Digital Economy
The topic of this year’s CXO Innovation Summit, “Modernization in the Era of the Digital Economy,” was timely. The importance of IT transformation in allowing operations and communications throughout the Covid-19 pandemic and beyond was stressed. As a hedge against an uncertain future, Jimmy Go urged businesses to make technological advancements a priority in their innovation strategies. Artificial intelligence (AI), cryptocurrencies (like bitcoin), financial technology (fintech), digital-based transactions, virtual and augmented reality (VR/AR), smart cities, and a circular economy will become the norm in a future dominated by technology.
The Pandemic Changing The IT Sector
The pandemic caused a drastic change in IT priorities, compelling businesses to reevaluate their technology spending allocations and speed up their IT investment plans. Increases in digital usage open up new possibilities but also expose weaknesses. This creates an opening for the CXO Innovation Summit 2022 to serve as a central gathering place for C-suite executives and IT professionals to work together and learn from one another as they navigate the challenges and opportunities of digitization.
When it comes to keeping abreast of developments in the IT sector, best business practices, and cutting-edge ICT solutions, the CXO Innovation Summit is the place to be. The CXO summit brings together the best and brightest minds in the ICT sector, from both vendors and end users, so that they may collaborate on how to adapt to the new digital era. According to precedent set by previous summits, this event brought together C-level executives and professionals from a wide range of industries for a day of sharing insights, innovations, and best practices on a wide range of topics related to digital transformation in partnership with the world’s foremost ICT brands.