AI might boost PH GDP, but also cyber attacks
While the Philippines can harvest big economic gains from the rising usage of artificial intelligence (AI), a global cybersecurity firm has warned enterprises that criminals are likewise harnessing AI for more sophisticated attacks.
With more investments flowing into this segment, Palo Alto Networks said that the Philippines shows “potential to lead in the region.”
However, Simon Green, president of Asia-Pacific and Japan at Palo Alto Networks, cautioned businesses against AI-powered cyber threats.
“While the enthusiasm for adopting AI for productivity is incredible, security is lagging behind. This has led to adversaries being more empowered than ever before,” Green said in a statement.
But the official remained optimistic that with the right tools, organizations can fend off any digital attack.
A report from Google Philippines earlier showed that the local economy can expect a P1.8-trillion contribution from the growing AI sector, with more businesses tapping the technology to upgrade or enhance their productivity.
Another study by the IBM Institute for Business Value stated that about 2,000 CEOs across the world, including 210 CEOs in the Asean, see AI investments to “more than double in the next two years.”
Zooming in on the Philippines, 55 percent of local CEOs were keen on adopting AI agents and preparing to launch them at scale.
The Department of Trade and Industry previously said that AI could contribute 12 percent of the country’s gross domestic product by 2030.
