IBM conducted a report about the embracing of digital transformation into different sectors. More than 50 percent of organizations accelerated the digital transformation in their different sectors—more than 60 percent of organizations keen to adopt cloud-based activities. The environment in the IT sector is no different in Pakistan. According to the Economic Survey of Pakistan, the Information Technology sector progressed by leaps and bounds during the past five years, competing with other sectors of Pakistan. The compound annual growth rate of the IT sector is 18.85pc, defeating the progress of all other sectors of Pakistan and the South Asian Region.
During the Pandemic, Pakistan’s IT exports improved in the last years, expanding to around 40pc during the 2020-21 fiscal year. Firms are adopting cloud services for business activities to secure user data. Cloud services are infrastructure, platforms, or software that are hosted by third-party providers and made available to users through the internet. According to technological research and consulting firm Gartner, 40pc of all enterprise workloads by 2023 will be deployed in cloud infrastructure and platform services, up from 20pc in 2020.
Various arguments can validate the use of the cloud approach. The transformation from the materialistic approach of keeping data to cloud-based services eliminates the money requirement and lowers the cost of the input services. The establishment of small to medium-sized data centers enables large firms to become climate-friendly. The cloud-based activities will bring efficiency and ease in the system finishing the debate.
Formulation of cloud policy by the Information Technology of Pakistan is a commendable step for regulating departments. The new projects will follow the cloud policy cutting the government expenses. Additionally, the central body will manage the cloud-related activities and service providers. The new security infrastructure will secure the government data from breaches protecting from cyberattacks. According to the World Economic Forum, the world is amid a “cyber pandemic.” The government, as well as the private sector, experienced various cyberattacks from hackers. FBR experienced a cyberattack in 2021, which resulted in data mismanagement. In such cases, it makes sense, especially for the government, to engage with reliable service partners to reduce the risk.
Multinet and Rapid are cloud players in a market demanding more firms to meet the IT needs. Jazz’s introduction of cloud services reduced the dependence on the international players. Currently, much of the revenue and taxation generated by cloud services goes outside Pakistan through global players, such as Amazon Web Services, Microsoft, and others. Having more reliable and secure local cloud providers will lead to more economic inflow and the creation of wealth as the cloud value chain will remain within the country.
Furthermore, this would create more opportunities for cloud service providers to invest locally. Most important of all, as data is the new global wealth creator, it would be great to have Pakistani data stay within Pakistan. The government should broaden the IT market with the collaboration of the private sector regarding the generation of employment in the IT field.
Source:
https://www.dawn.com/news/1677503/cloud-may-improve-data-safety
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