Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Converge ICT advancing IoT integration — Uy

by
October 29, 2024
in Top News
0
Converge ICT advancing IoT integration — Uy
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
CONVERGE ICT Chief Executive Officer Dennis Anthony H. Uy — CONVERGEICT.COM

CONVERGE ICT Solutions, Inc. is working to enhance its services and infrastructure by leveraging Internet of Things (IoT) technology and expanding its data centers and subsea fiber networks to meet the growing demand for better connectivity in the Philippines, its top official said.

“Here in the Philippines, we anticipate an influx of utilization of capacities, especially with IoT, data, and artificial intelligence. All of this content, all of them need huge capacity. We are looking at the new age of intelligence today; we are looking after connectivity,” Converge Chief Executive Officer Dennis Anthony H. Uy said during a press briefing on Tuesday.

With the expected demand for data and connectivity, Converge said it is developing its business and projects to better suit the capacity demand in the country.

For instance, the company said it plans to open two data centers with a combined capacity of 13 megawatts in 2025.

“We will activate it in the first quarter of 2025, and we will build a computing zone; this is a virtual computing machine. On top of this computing data center, we will build the application layer, which is connectivity,” Mr. Uy said.

“We are now also on the way to build digital infrastructure with a multiple edge cloud and data center strategy,” he added.

The company said previously that it was also on track to complete the construction of its international subsea fiber networks by next year.

The Bifrost cable system is expected to be completed by the first quarter of next year, and the Asia-Hainan-Hong Kong Express (SEA-H2X) Submarine Cable System is set for completion by the second quarter of 2025, it said earlier.

“[Our] goal is to drive the expansion of IoT solutions in the Philippines by creating a collaborative environment where local and global stakeholders can connect, share insights, and explore innovative technologies,” said IoT solutions provider Packetworx, Inc. Chief Marketing Officer Raisa Orbon.

Like artificial intelligence, IoT continues to gain momentum in the country as telecommunications companies capitalize on its growth to further strengthen by providing reliable connectivity.

“To support this growth, the DICT is laying the groundwork for a robust IoT ecosystem. Our initiatives focus on infrastructure development, smart cities, industry support, and countryside development,” said DICT Industry Development Bureau Director Emmy Lou V. Delfin.

The development of IoT in the information and communications industry is important as the country’s IoT market is expected to reach P165 billion within this year and has a projected annual growth rate of 20% from this year until 2029.

She said DICT’s programs like the National Broadband Program and its Free Wi-Fi for All project will help bridge the digital gap by providing internet access to Filipinos.

“This connectivity is the foundation upon which IoT thrives, enabling applications across healthcare, agriculture, logistics, and government services,” Ms. Delfin said. — Ashley Erika O. Jose

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Our collective stake in our common future

Our collective stake in our common future

Recommended

INTO Partners with Bayes Business School for New International Year One in Finance Programme

INTO Partners with Bayes Business School for New International Year One in Finance Programme

November 14, 2024
Experience a Fitness Transformation: Shapes and HYROX Team Up to Bring Exclusive Performance Edition to Europe

Experience a Fitness Transformation: Shapes and HYROX Team Up to Bring Exclusive Performance Edition to Europe

December 2, 2024
FXGiants Adds Futures to Its Lineup, Now Offering 300+ CFD Trading Assets

FXGiants Adds Futures to Its Lineup, Now Offering 300+ CFD Trading Assets

November 18, 2024
DoTr postpones penalties for motorists without RFID to 2025

DoTr postpones penalties for motorists without RFID to 2025

September 22, 2024
Marcos backs drug war probe

Marcos backs drug war probe

October 16, 2024
BIR sees tax collection boost as online sellers start withholding

BIR sees tax collection boost as online sellers start withholding

October 2, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved