As PH Climbs Global Index, Globe Group Drives Innovation through Market-First Digital Solutions
As the Philippines celebrates its ascent in the Global Innovation Index (GII) 2023, the Globe Group stands at the forefront of this transformative journey, championing market-first digital solutions across various sectors.
The World Intellectual Property Organization (WIPO) recently highlighted the Philippines' impressive climb to 56th out of 132 economies in the GII 2023, advancing from its 59th rank just a year prior.
The index evaluates economies' innovation abilities using two categories: innovation input and output. Input measures how well an economy supports innovation through institutions, research, and infrastructure. Output, meanwhile, assesses how effectively it produces innovative results using knowledge, technology, and creativity.
The Globe Group, a leading telecom and digital solutions provider, has been instrumental in this upward trajectory.
"Our nation's rise in the Global Innovation Index is not just a testament to our collective efforts but also a call to action. We are committed to pushing the boundaries of what's possible, ensuring that our digital solutions not only meet the demands of today but also shape the future,” said Ernest Cu, Globe Group President and CEO.
The company’s commitment to innovation and addressing market needs is evident in its diverse portfolio of services. Its core business has been habituating customers to the GlobeOne App, an all-digital platform that delivers seamless experiences for both mobile and broadband users.
The app covers the entire gamut of Globe telco services, from topping up load for Mobile prepaid, bills payments for postpaid, new account applications, redeeming rewards, availing of promos, and requesting support, among others.
Beyond telco, the Globe Group has been pursuing a strategic shift into a techco, as it aims to develop life-enabling digital solutions in response to customers’ evolving needs.
Its affiliate, the double unicorn GCash, is now the country’s No. 1 Finance app, and has expanded its services from payments and transfers to savings, investments, credit, insurance, and even overseas transactions, among others. It has democratized access to financial services, particularly the unbanked.
The KonsultaMD superapp, on the other hand, provides a comprehensive suite of medical services, ensuring efficient healthcare is accessible and affordable for the general public.
It offers seamless access to 24/7 doctor consultations, medicine delivery, at-home diagnostics, lab testing, wellness services, and nursing care. Currently, with a user base of over 2 million, KonsultaMD provides customers access to a network of over 1,000 medical professionals across 50 specializations – a service that is critical in a country where an estimated six out of 10 people die yearly without ever seeing a doctor, and roughly half of the total population have no access to primary healthcare facilities within 30 minutes.
On the education front, KodeGo’s study now, pay later" boot camp allows fresh graduates and career shifters to get the skills they need to succeed in a career in Information Technology.
In the human resources arena, Globe’s portfolio company Asticom recently introduced the revolutionary NXT Platform, which aims to connect job seekers to opportunities, including regular, part-time, hybrid, and gig work.
On the climate tech front, 917Ventures, together with Ayala Corp. and Taiwan’s Gogoro, has brought global two-wheel electric vehicle and battery-swapping technology leader Gogoro to the Philippines to push for sustainable transportation.
Meanwhile, STT GDC Philippines, a joint venture between Globe, ST Telemedia Global Data Centres, and Ayala Corporation, provides the much-needed digital infrastructure for market growth. It's leading the way in creating reliable and future ready data centers where businesses store and manage their IT assets. This ensures that businesses can work at their best, offering efficient and uninterrupted services to their customers.
Lastly, venture capital company Kickstart Ventures, Inc. acts as a catalyst for change, investing in tech startups globally and fueling their innovative visions by providing strategic access to the Globe and Ayala ecosystem.
In these dynamic times, Globe Group remains steadfast in its mission to drive innovation, ensuring that the Philippines maintains its positive momentum in the global innovation landscape.