What Is A Techglomerate?
A relatively new word, “techglomerate” is a combination of the words technology and conglomerate. A techglomerate can refer to a startup tech company that has grown into a conglomerate or — in the case of the Aboitiz Group — a legacy conglomerate that is using technology, innovation, creativity, and the cultivation of a startup culture to radically transform the way it thinks and acts.
From its start as a hemp trading business in Leyte in the late 1800s, Aboitiz has grown to become one of the best-managed conglomerates in the country with a diversified portfolio of businesses in different industries, including power, banking and financial services, food, infrastructure, land, construction, and now data science and artificial intelligence.
Throughout its corporate history, we have learned to constantly adapt to change at the right time. As it embarks on its Great Transformation journey, its vision is to become the first Philippine techglomerate — a conglomerate that operates with the agility, efficiency, and innovation of a life-changing startup.
According to Aboitiz Group President and CEO Sabin Aboitiz, conglomerates become techglomerates through accelerated and enhanced innovation and by empowering their people by embedding a strong entrepreneurial and creative mindset and spirit. “It all starts with you and me opening our minds to allow ideas to come in and out,” he says.
Aboitiz Envisions the Future In Its Goal to Become Philippines’ First Techglomerate
Aboitiz has just begun one of the most important missions in its hundred-year-old history, its Great Transformation towards becoming the first techglomerate in the Philippines. Its history has shown how the company learned to adapt to changes at the right time and evolve in how we perceive, think, and act.
The New Aboitiz Techglomerate
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It will still be a legacy conglomerate with legacy businesses, but significantly more powered and enhanced by the maximum use of innovation, technology, data science, artificial intelligence, and a deeply instilled culture and mindset that drives all of these things.
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It will be a conglomerate with a more diversified portfolio that is invested in the incubation of innovative and disruptive new ideas, products, services, and startups.
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It will be a conglomerate that is the public’s partner of choice in modernizing and digitizing communities, the government, and institutions to develop the economy and society.
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Create a techglomerate premium through the Great Transformation and synergies within the Group’s ecosystem. All the Group’s businesses are working together to harness the benefits of technology and transformative innovation in order to add value to each other and create a Techglomerate Premium.
It’s All About People
While technology is no doubt an integral part of our Great Transformation into a techglomerate, ultimately it’s all about people. As Sabin has said from the very beginning, “the Great Transformation starts with you and me.” It also ends with you and me. People are both the main builders and beneficiaries of the new Aboitiz techglomerate, which is designed to empower and uplift the lives of Filipinos both within the organization and outside of it. It’s about people embracing a creative and innovative mindset. More than anything, the GT is a cultural revolution that aspires to transform people into the best possible versions of themselves both at work and in their personal lives. Everything we do as a techglomerate is to improve and sustain the lives of people and the planet they live on.
Power
AboitizPower is steadfast in realizing its purpose of transforming energy for a better world, with a strategic focus on three key pillars: decarbonization, digitalization, and decentralization. The company harnesses data science and artificial intelligence (DSAI) and other technologies to reduce electricity costs and improve customer service. These initiatives underscore AboitizPower’s commitment to creating a more sustainable and balanced energy landscape, aligning with their vision of a cleaner, technologically advanced future.
Banking And Financial Services
Union Bank of the Philippines (UnionBank) has always been among the first to embrace technological innovations to empower its customers. It embraces the future of banking. A Philippines pioneer in digital banking, UnionBank is committed to being the region’s digital trailblazer to best serve the growing needs of Filipinos everywhere. It has consistently been recognized as one of Asia’s leading companies, ranking among the country’s top universal banks in terms of profitability and efficiency.
On its journey to become a Great Retail Bank, UnionBank is determined to be an enabler of the Philippines’ bid to be a G20 country by 2050. It stands firm in its promise to power the future of banking through “Tech-Up Pilipinas” while pioneering innovations for a better world.
Food
The One Food Group will continue to entrench itself across the region by providing solutions to feed the growth of one of the most dynamic markets in the world. Starting at the beginning of the food chain, with feed and flour, down to the end consumers we touch — agripreneurs, families, pets, and home bakers, among others — we will transform the ways in which we deliver value across the value chain, while retaining our commitment to ensure that we remain partners for growth to our stakeholders.
Infrastructure
Aboitiz InfraCapital (AIC) is enabling businesses and uplifting communities through smarter and more sustainable infrastructure projects. Their Economic Estates in Batangas and Cebu, spanning over 1,400 hectares of mixed-use developments, have become self-sufficient ecosystems that spur economic activity and create thousands of jobs. As the leading green industrial-anchored mixed-use estate in the country, its five-star BERDE certified LIMA Estate operates an intra-estate transportation system that utilizes a fleet of electric mini-buses to promote seamless and sustainable mobility. LIMA Water, which currently uses a Smart Water Network, is also transitioning towards reliance on renewable energy with a solar panel project projected to eliminate 100 tons of carbon dioxide emissions annually. In pursuit of innovative solutions in its economic estates, water, digital infrastructure, and transport and mobility projects, AIC is creating sustainable ecosystems that help the nation achieve inclusive and long-term growth.
Land
AboitizLand is innovating ways to lead Filipinos home by delivering quality and sustainable communities and making home ownership accessible and convenient. The Aboitiz group’s real estate arm pioneered end-to-end digital home buying with OneVecino, its ecosystem of digital platforms which services its customers from pre-purchase to property experience. Its investments in construction technology also enables it to deliver stronger and more durable homes, faster.
The company thrives by continuously improving its operational agility through digitization and strategic partnerships.
Construction
Aboitiz Construction is expanding its operations as part of the Aboitiz Group’s journey to become the pioneering techglomerate in the Philippines. Utilizing advanced technology and to incorporate sustainability, the firm has been using Trimble, a cutting-edge GPS-based solution. that is poised to elevate construction equipment to a new echelon of efficiency, significantly reducing the need for traditional surveys and rework. The company also works on large-scale projects such as expansion works for Monde Nissin’s bakery plant in Davao City and construction of warehouses for FAST Logistics in Consolacion, Cebu. To improve the efficiency of its construction operations, the company has begun the automation of its equipment.
Data Science and Artificial Intelligence
Aboitiz Data Innovation (ADI) is at the forefront of the Aboitiz Group’s Great Transformation, playing a pivotal role in shaping the Philippines’ first techglomerate. ADI’s expertise in data science and artificial intelligence is driving innovation and sustainable growth across the Group’s diverse business portfolio, from banking and financial services to power generation and distribution to smart cities. With a human-centric approach and a commitment to excellence, ADI delivers transformative solutions that create value for enterprises, governments, and the communities they serve.
Aboitiz aims to become the first techglomerate in the Philippines by focusing on more modernized, inclusive, and technology-driven operations. All businesses under the conglomerate are working together to harness the benefits of technology and transformative innovation. Explore our website for more information about how we help our partners.
Aboitiz aims to become the first techglomerate in the Philippines by focusing on more modernized, inclusive, and technology-driven operations. All businesses under the conglomerate are working together to harness the benefits of technology and transformative innovation. Explore our website for more information about how we help our partners.