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
9
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

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026
Top News

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026

June 11, 2026
FTSE 100 edges higher as investors balance financial recovery and AI risks
Top News

FTSE 100 edges higher as investors balance financial recovery and AI risks

June 11, 2026
SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares
Top News

SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

June 11, 2026
Dow futures surge 370 points: 5 things to know before market opens
Top News

Dow futures surge 370 points: 5 things to know before market opens

June 11, 2026
Why Claude Mythos Preview is a wake-up call for Wall Street
Top News

Why Claude Mythos Preview is a wake-up call for Wall Street

June 11, 2026
SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63
Top News

SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63

June 11, 2026
Next Post
Our collective stake in our common future

Our collective stake in our common future

Recommended

“Re-Established Wild Species Confirmed as Over 6,000 ‘Extinct’ Snails Return to Their Natural Habitat”

“Re-Established Wild Species Confirmed as Over 6,000 ‘Extinct’ Snails Return to Their Natural Habitat”

September 26, 2024
How to Shield Your Stocks During a Market Decline

How to Shield Your Stocks During a Market Decline

April 24, 2025
Love’s leaps and bounds

Love’s leaps and bounds

September 3, 2024
How PSEi member stocks performed — January 2, 2025

How PSEi member stocks performed — January 2, 2025

January 2, 2025
“Arktivist: The Intersection of Art and Environmental Activism”

“Arktivist: The Intersection of Art and Environmental Activism”

November 5, 2024
How Vietnam went from post-War poverty to fast-growing powerhouse

How Vietnam went from post-War poverty to fast-growing powerhouse

June 14, 2026

    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.

    Former Fed insiders raise new rate-hike concerns

    Former Fed insiders raise new rate-hike concerns

    June 17, 2026
    73-year-old beef producer shuts 2 plants, cuts jobs

    73-year-old beef producer shuts 2 plants, cuts jobs

    June 17, 2026
    Nike gets World Cup opportunity it can’t afford to waste

    Nike gets World Cup opportunity it can’t afford to waste

    June 17, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved