Aboitiz Equity Ventures (AEV) is a publicly listed holding company founded in 1989 under Aboitiz & Company with operating segments in the Power, Banking & Financial Services, Food, Infrastructure, Land, in the Philippines. Its market capitalisation currently stands at US$ 5.5 billion (PHP 324.49 billion).
Aboitiz is undertaking a ‘Great Transformation’, a bold corporate move putting innovation at the forefront of its growth strategy to becoming the Philippines’ first ‘techglomerate’. One of the key initiatives is in operationalizing Data Science and Artificial Intelligence (DSAI), through the creation of Aboitiz Data Innovation (ADI), the Group’s DSAI arm.
One of the key strategic initiatives for its stakeholders is in unlocking its ecosystems. To set this in motion, the Group launched Parlay, a data exchange platform powered by ADI. Parlay aims to unlock ecosystems by allowing the exchange of data and insights. Through its DSAI solutions, including Parlay, ADI was able to forge synergies among business units managed by the Aboitiz Group and Aboitiz-led companies such as Union Bank of the Philippines, AboitizPower, AboitizLand, Pilmico, Aboitiz InfraCapital, Republic Cement.
Parlay was utilized to explore around 20 projects across industries spanning from market price forecasting and collection intelligence in power to helping tackle food sustainability, increasing employee engagement, incentivizing employee’s sustainability efforts, and unlocking the mass market, among other
Going forward, Aboitiz Group aims to extend Parlay to external organizations—including other businesses, governments, key strategic partners—as part of the second phase. Through Parlay, organizations will have unparalleled access to data sets from some of the region’s largest corporations and relevant government offices to inspire possibilities for creating new opportunities or tackling business and ESG challenges.