Fledgling technology experts took center stage at the recently concluded KPMG in the Philippines Innovation Summit, titled “Tech Horizons: Unleashing the Future of Innovation.” The event underscored KPMG’s commitment to using technology as a catalyst for progress while reminding business leaders and tech pioneers of the importance of sustainability and responsible tech practices, as future generations will experience the long-term impacts of today’s innovations.
KPMG in the Philippines Academic Innovation Challenge 2024
A key highlight of the summit was the first-ever KPMG in the Philippines Academic Innovation Challenge (AIC), which showcased the next generation of tech leaders. Students from 15 colleges and universities competed, demonstrating their expertise in data analytics and visualization. Under the theme “Processed data is information. Processed information is knowledge. Processed knowledge is wisdom,” over 57 students participated, offering fresh perspectives powered by data-driven insights.
The top prize was awarded to the Trial and Aaron team from the University of the Philippines-Diliman, comprising Kline Jeff Lepardo, Aaron Lowel Santomin, and Julienne Vinarao. Second place went to QWERTY from Far Eastern University Manila, while third place was claimed by APC JAM from Asia-Pacific College. These teams impressed the judges with their innovative use of data analytics and creative problem-solving skills.
Ethical Use of Artificial Intelligence
A major theme of this year’s summit was the ethical use of Artificial Intelligence (AI). While AI offers the potential to transform industries and streamline processes, the summit emphasized the importance of developing, deploying, and governing AI responsibly. Transparency, accountability, and ethical considerations were highlighted as crucial factors in mitigating risks associated with AI while unlocking its transformative potential.
The summit also stressed the growing need for trust in integrated technologies, particularly in the realms of cybersecurity and data privacy. Ensuring users feel secure in digital ecosystems is key to empowering businesses to embrace digital opportunities confidently.
Technology and Environmental Stewardship
KPMG in the Philippines recognized the importance of balancing technological progress with environmental responsibility. The event explored the intersection of environmental, social, and governance (ESG) principles with AI, encouraging participants to integrate sustainability into their technological adoption and corporate governance practices.
The Digital Transformation Race
The summit likened digital transformation to a marathon, with companies at varying stages of progress. Whether just starting or already leading by example, businesses must focus on agility, optimization, and innovation to succeed in the race. KPMG in the Philippines aims to guide organizations at every step of their digital transformation journey.
The Continued Growth of the KPMG Innovation Summit
Since its inception in 2021, the KPMG in the Philippines Innovation Summit has become a prominent platform for industry experts, business leaders, and the public to exchange strategies on digital transformation and innovation. The event won the prestigious Anvil Award in 2022 and continues to attract growing participation from both public and private sectors, with over 1,000 attendees at this year’s summit.
Summit Partners and Supporters
KPMG in the Philippines Innovation Summit 2024 was supported by notable organizations including the Analytics and AI Association of the Philippines, the British Chamber of Commerce, Digital Pilipinas, the European Chamber of Commerce of the Philippines, the Filipina CEO Circle, the Institute of Management Accountants, the Management Association of the Philippines, and the Nordic Chamber of Commerce of the Philippines.
