According to Nielsen Holdings, four tech trends will create business opportunities in Southeast Asia in the next five years.
The tech trends are; the rise of the sharing economy, the spread of existing technology and infrastructure, big data and artificial intelligence, and cashless payment. However, to reap the benefits, the Philippines must prepare.
Leggett said that the spread of technology, particularly better internet access and the growth of the sharing economy will increase investments in rural areas.
He also said that the four technology trends could pose huge challenges for retailers as they increase the development of e-commerce in the region.