As the use of artificial intelligence (AI) proliferates, it is anticipated to unlock the Philippines’ productivity capacity worth billions of dollars, per the Department of Trade and Industry (DTI).
Trade Undersecretary for Competitiveness and Innovation Group (CIG) Rafaelita Aldaba used a study, citing that generative AI or artificial intelligence capable of producing text, codes, data, videos, photos, etc., “can unlock $79.3 billion in productive capacity in the Philippines.”
Specifically, the study refers to the research conducted by the London-based public policy consultancy Access Partnership whose effort suggests that AI could unleash the country’s production capacity to roughly a fifth of the Philippines’ gross domestic product in 2022.
Based on the same research, Aldaba said that manufacturing and wholesale and retail trade have the greatest potential to provide economy-wide gains, estimated to be at 54 percent.
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Elsewhere, he also claimed that 54 percent of the workforce will begin utilizing generative AI as part of their work, at around the ballpark of 5 to 20 percent of their regular tasks.
But while there are concerns about AI taking over certain jobs, the DTI official said that “Generative AI will change the focus within jobs, rather than replace them entirely.”
Coincidentally, both the private sector and the government are working towards upskilling and re-skilling the country’s workforce to attune them to AI. Access Partnership, meanwhile, said that “almost every worker could use generative Al to some degree.”
But for those that use generative AI for more than 20 percent of their workload, the London firm claimed that it only applies to 1 percent of the Philippine workforce.
Via: GMA News