REYNALDO C. LUGTU

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Data scientists are a scarce resource. Hiring one will become even harder in the next few years as organizations ramp up demand and compete for the best talent. According to IBM, the need for data scientists “will soar by 28% by 2020”, while McKinsey Global Institute says the “US will…

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‘Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.’ – Warren Buffett People often ask me – “What’s going to be the price of bitcoin at the end on 2018”. Without any statistical basis, my unremitting retort is – “I don’t know.”…

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These days it takes close to 45 minutes to get out of Makati as the Christmas rush builds up, and it will only get worse during the remainder of the year, causing much grief to drivers and commuters alike. A recent prelude to this pandemonium was the traffic caused by…

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More than 90 percent of all cybersecurity breaches are caused by human error! This is the stark reality according to countless studies done by several technology and security companies and organizations. Yet it was seldom, if not never, discussed in the cybersecurity events I attended in the last three years.…

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Thousands of professionals and executives from various organizations, large and small, flocked to the recently held DIGICON 2017 to learn about digital transformation. This year’s theme, “The Culture of Digital Transformation,” is just but apropos as the people and the culture of organizations are the ones responsible for the execution…

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It was veritably an enlightening experience to moderate a panel of experts during the well-received Philippine Anti-Money Laundering (AML) Executive Briefing organized by NICE Actimize and KrisFinSoft. It was composed of notable personalities namely Dante T. Fuentes, Group chief compliance officer of Security Bank Corporation; Dodie Lagman, senior consultant, on…

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One thing is clear – the fusion of different technologies in the digital, physical and biological spheres is disrupting businesses and organizations the world over. Commonly referred to these days as the 4th Industrial Revolution, or 4IR, this phenomenon is having a profound impact on the way we live, learn,…

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“Virtual currency-based payments and remittance transactions have been monitored at $5 million to $6 million per month.” This is the surprising fact shared by the Bangko Sentral ng Pilipinas (BSP) during the event organized by the Financial Executives Institute of the Philippines (Finex). What’s even more surprising is how this…

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When I cursorily survey senior business executives about their preparation for the impending September 9 deadline to submit their compliance with RA 10173 (or the Data Privacy Act of 2012) to the National Privacy Commission (NPC), some confidently say they are ready, most retort with a shrug, while a significant…

FINEX FILES

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SM Investments Corporation (SMIC) recently acquired a substantial stake in the Philippines’ largest logistics provider 2GO Group Incorporated, intensifying the new arena of competition among the country’s conglomerates – logistics. This move is part of SMIC’s strategy to address the emergence of e-commerce, which is a brewing threat to the…

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