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3Oth NSM Calabarzon culminates with economic and financial forum

by Carlo P. Gonzaga
November 9, 2019

CALAMBA CITY, Laguna – As the culminating activity of the 30th National Statistics Month (NSM) for Calabarzon, BSP Lucena Branch hosted an Economic and Financial Forum at NEDA 4A Regional Office in Calamba City on October 25, 2019.

In support to the Philippine Statistics Authority Region 4A (PSA 4A), Bangko Sentral ng Pilipinas (BSP) led the forum themed, “Data Innovation and the Fourth Industrial Revolution (FIRe),” which enjoined more or less 80 participants from Regional Line Agencies (RLAs), Local Government Units (LGUS) and Academe in Calabarzon.

“Through this forum, we learn that innovative data made a great role in our regional development,” PSA 4A Regional Director Charito Armonia explained.

She stressed that data innovation will help the region gain efficiency and productivity.

“We are also challenged in coping up with the emerging Fourth Industrial Revolution,” She added, emphasizing that this involves systematic change across many sectors and aspects of human life.

However, she affirms that revolution is not all about technology but is likewise an opportunity to unite local communities and build sustainable communities.


National Economic and Development Authority Region 4A (NEDA 4A) Regional Director Engr. Luis G. Banua talked about Innovative Uses of Data for Regional Development; while, BSP Payment System Oversight Department Bank Officer Marie Kristine V. Pajarillo tackled Enhancing Payment Experience throough Innovative Technologies.

Lastly, Philippine Institute of Development Studies (PIDS) Supervising Research Specialist Janet S. Cuenca served as the resource speaker who discussed Data Innovation and the FIRe.

“Hindi tayo nagtatapos sa nakolekta mo lang iyong data, na meron kang data, sana alam natin kung paano siya gagamitin, kung paano maiwasan ang mga consequences,” Cuenca points out.

(We should not stop from simply having the data, we should also know how we could use it to prevent consequences.)

She pointed out that having sufficient data will only make sense if people knows how to use it to the advantage of communities.

Videos demonstrating FIRe innovations and technologies like Artificial Intelligence (AI), Internet of Things (IoT), Robotics, among others, were presented.

“Although FIRe brings about benefits kasi naiimprove iyong well-being ng mga tao… mayroon rin siyang potential perceived negative impacts,” she emphasized.

(Although FIRe brings about benefits because it improves the well-being of people… it still has potential perceived negative impacts.)

Cuenca cited the advantages and convenience FIRe provides but expressed a caveat that FIRe also has perceived negative impacts on employment and data privacy, among many others.

After the lectures, RD Armonia officially closed the program commending BSP for having been consistently hosting the Closing Ceremonies of the annual NSM in the region since 2001. (Joy Gabrido/PIA 4A)


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