The Philippine administration ought to enact encouraging measures for burgeoning technologies such as quantum technology, asserting that these advancements are anticipated to deliver long-term advantages, as stated by a senior official from the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEERD).<\/p>\n
Enrico C. Paringit, the executive director of PCIEERD, expressed this viewpoint, referencing the difficulty of persuading leaders\u2014who typically have brief terms, generally three years\u2014to commit to long-term technologies that will yield returns in approximately five to ten years.<\/p>\n
\u201cThat\u2019s indeed the present challenge,\u201d Mr. Paringit commented to journalists on the inaugural day of the Quantum Information, Science, and Technology Conference (QISTCon) in Cebu on Wednesday.<\/p>\n
\u201cWe must make them understand that this is a prolonged endeavor, yet one that is ultimately achievable, and a prolonged endeavor that will certainly justify the time and effort we will invest in it,\u201d he further elaborated.<\/p>\n
Meanwhile, Secretary Renato J. Solidum Jr. of the Department of Science and Technology (DOST) remarked during his presentation that the Philippines cannot afford to overlook investments in quantum technology, as other nations are already making strides in this area.<\/p>\n
Nations such as Singapore have invested billions of dollars in creating its Centre for Quantum Technologies, which serves as the country\u2019s principal quantum research hub.<\/p>\n
\u201cOur neighbors aren\u2019t merely advancing,\u201d Mr. Solidum noted. \u201cThey are positioning themselves. If we do not act\u2014decisively, creatively, and collaboratively\u2014we may find ourselves once more seeking permission to embrace the future.\u201d<\/p>\n
A study from McKinsey & Company, a leading global consulting firm, indicated that quantum technology is anticipated to achieve $97 billion in worldwide revenue by 2035 and to expand significantly to $198 billion by 2040.<\/p>\n
Bobby O. Corpus, President of the Quantum Computing Society of the Philippines (QCSP), informed reporters that the technology will induce a paradigm transformation that could dramatically enhance productivity across almost all sectors in the country, particularly in health, agriculture, and finance.<\/p>\n
Mr. Solidum conveyed his hope that through the unique Filipino spirit of cooperation, known as \u2018bayanihan\u2019, the nation is destined for advancements in quantum technology.
\nThe country\u2019s recent inaugural QISTCon highlighted that spirit of collaboration, uniting local experts and stakeholders with international thinkers who shared insights into their advancements in the field.<\/p>\n