Alejandro Melchor III, deputy executive director for Industry Development of the Information and Communications Technology Office of the Department of Science and Technology (DOST-ICTO), made the announcement after meeting with members of the Philippine Software Industry Association (PSIA) recently.
Melchor said ITO can contribute tremendous benefits to the economy, describing this as a vast industry similar to Business Process Outsourcing (BPO).
The DOST-ICTO officer stressed that ITO is growing fast and is driven by converging global megatrends such as the growth of the knowledge economy and the global technology revolution.
Melchor reported that next to China and India, the Philippines has the third largest annual supply of technical talent for IT in the Asia Pacific Region.
He added that the Philippines has consistently ranked number one in the availability of knowledge-based workers worldwide, based on surveys done by the US-based Meta Group.
"We are currently one of the lowest cost destinations for IT outsourcing. Combined with the extensive IT work experience of our workforce, the wide variety of IT skills available and a growing global branding rivaling that of our doctors and nurses, we have the tools and the talent to be a major player in IT outsourcing," Melchor said.
Meanwhile, DOST Secretary Mario Montejo cited the local ITO industry as one of the "star performers" of the past year. He cited joint industry-government statistics showing that the sector grew by 37 percent in 2011, generating around 50,000 full time employees and generating almost one billion dollars in revenues.
Montejo said Filipino IT workers have a wide range of skill sets that include software development, programming, mobile platform expertise, mainframe skills and database platform proficiency.
Yet Undersecretary Louis Casambre, also of DOST-ICTO, expressed confidence that with the current momentum the industry has, the Philippines can double its market share in ITO by 2016.
"Through ICT Public Private Partnerships (iPPP) like we have with the PSIA, we are developing programs to accelerate growth in this sector,” Casambre said.
Meanwhile, PSIA President Nora Terrado, said the industry is pleased with the support that it is getting from the government through ICTO.
"We are confident with the quantity and quality of Filipino IT talent to support the ITO industry and with continued support from the government particularly in the areas of talent development and industry promotion we foresee that the Philippines will soon become an ITO powerhouse," Terrado said.