Terms of use

Terms of Use

The use of this site and the content contained therein is governed by the Terms of Use. When you use this site you acknowledge that you have read the Terms of Use and that you accept and will be bound by the terms hereof and such terms as may be modified from time to time.

All text, graphics, audio, design and other works on the site are the copyrighted works of nasscom unless otherwise indicated. All rights reserved.
Content on the site is for personal use only and may be downloaded provided the material is kept intact and there is no violation of the copyrights, trademarks, and other proprietary rights. Any alteration of the material or use of the material contained in the site for any other purpose is a violation of the copyright of nasscom and / or its affiliates or associates or of its third-party information providers. This material cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way for non-personal use without obtaining the prior permission from nasscom.
The nasscom Members login is for the reference of only registered nasscom Member Companies.
nasscom reserves the right to modify the terms of use of any service without any liability. nasscom reserves the right to take all measures necessary to prevent access to any service or termination of service if the terms of use are not complied with or are contravened or there is any violation of copyright, trademark or other proprietary right.
From time to time nasscom may supplement these terms of use with additional terms pertaining to specific content (additional terms). Such additional terms are hereby incorporated by reference into these Terms of Use.

Disclaimer

The Company information provided on the nasscom web site is as per data collected by companies. nasscom is not liable on the authenticity of such data.
nasscom has exercised due diligence in checking the correctness and authenticity of the information contained in the site, but nasscom or any of its affiliates or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this site. The information from or through this site is provided "as is" and all warranties express or implied of any kind, regarding any matter pertaining to any service or channel, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed. nasscom and its affiliates and associates shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorised access to, alteration of, or use of information contained on the site. No representations, warranties or guarantees whatsoever are made as to the accuracy, adequacy, reliability, completeness, suitability or applicability of the information to a particular situation.
nasscom or its affiliates or associates or its employees do not provide any judgments or warranty in respect of the authenticity or correctness of the content of other services or sites to which links are provided. A link to another service or site is not an endorsement of any products or services on such site or the site.
The content provided is for information purposes alone and does not substitute for specific advice whether investment, legal, taxation or otherwise. nasscom disclaims all liability for damages caused by use of content on the site.
All responsibility and liability for any damages caused by downloading of any data is disclaimed.
nasscom reserves the right to modify, suspend / cancel, or discontinue any or all sections, or service at any time without notice.

For any grievances under the Information Technology Act 2000, please get in touch with Grievance Officer, Mr. Anirban Mandal at data-query@nasscom.in.

New

See all

No notification found.

Leveraging Cloud Computing for Economic Recovery: Strategies for Developing Nations

dilipguddappa

@dilipguddappa

September 12, 2024

Cloud Computing

It is pertinent to note that the digital revolution has radically altered the operation of economies, bringing them new opportunities for development, productivity, and creativity. A key aspect of digital transformation, cloud computing therefore, challenges developing nations to accelerate the recovery of their economies specifically for disruption such as the current pandemic, climate change, and economic shocks. Through the usage of cloud computing technology, developing countries can embrace new working economic models in a bid to come up with innovations, hence being able to improve and develop sustainable economies. In this blog, the author will discuss the benefits of cloud computing in advancing economic growth in developing countries and how the economic downturn could be infield-based on cloud computing.

Understanding Cloud Computing

Cloud computing means of offering and using services such as servers, storage, databases, networking, software, analytics, and others through the internet or cloud. This scenario ensures that organizations can get the resources they require only when required and can get it without having to invest so much in fixed assets. Cloud services are categorized into three main models: IaaS – Infrastructure as a Service, PaaS – Platform as a Service, and SaaS – Software as a Service. It has flexibility, scalability, and inexpensiveness, which gives it a preference for any business or government, especially in the developing world.

The Role of Cloud Computing in Economic Recovery

1. Cost Efficiency and Scalability: Cloud computing does away with large capital investments required to set up physical infrastructure, a challenge most businesses in developing countries face. SMEs can lower their business expenses and can flexibly adapt their operations depending on the customer traffic through migrating to the cloud facility. This kind of adaptability is beneficial for economic recovery because fixed costs do not bound such companies and thus change according to market conditions.

2. Access to Advanced Technologies: The cloud holds some of the major technologies like Artificial Intelligence (AI), Machine Learning (ML), Big Data analytics and the Internet of Things (IoT). Thus, developing nations can leverage such technological advancements to foster innovations, increase efficiency, and develop newer forms of doing business. For example, the application of AI can bring value by identifying ways farmers may increase their crop productivity; on the other hand, IoT can also help the manufacturing industries enhance their supply chain.

3. Facilitating Remote Work and Education: Crisis control was introduced through the COVID-19 pandemic including the benefits of remote work and online education. These needs are supported by cloud computing since it provides a means to obtain both specific tools and broader platforms on demand. This could be of immense benefit to the developing nations especially in education and employment for a leveled up economic diversification. Cloud solutions allow developed countries to enhance the personnel training in the education and training institutions and prepare them for the digital economy.

4. Improving Public Services and Governance: By using cloud computing, governments of developing countries should be able to improve the delivery of the services they offer to their people. There is the possibility to optimize the work of the different spheres – both healthcare, social security, and services for the population – and, in a way, to decrease the level of corruption when applying cloud-based platforms to work. For example, cloud computing in health care enhances the aspects of diagnosing and treating of patient records in real time without regard to geographical location.

5. Enhancing Financial Inclusion: Thus, cloud computing has the potential to bring about financial transformation through the promotion of digital banking and fintech solutions. In most of the developing countries today, numerous people still have no access to banking services. By using cloud platforms as the basis for these services, equal opportunity in getting credit and access to banking services will be given to these unbanked populations thereby stimulating economic activities.

Strategies for Leveraging Cloud Computing in Developing Nations

1. Investing in Digital Infrastructure: To effectively leverage cloud computing, developing nations must invest in robust digital infrastructure, including high-speed internet, data centers, and cybersecurity frameworks. Public-private partnerships can play a crucial role in building this infrastructure, ensuring it is accessible and affordable.

2. Policy and Regulatory Frameworks: Governments must create enabling policy environments promoting cloud adoption while ensuring data privacy and security. Clear regulations around data sovereignty, cybersecurity, and cloud service standards are essential for building trust among businesses and consumers. Additionally, governments should consider tax incentives and subsidies to encourage cloud adoption among SMEs and startups.

3. Capacity Building and Digital Skills Development: Developing nations should prioritize capacity building and digital skills development to ensure the workforce is prepared for cloud-based jobs. This includes integrating digital skills into education curriculums, providing training programs for current workers, and fostering innovation hubs and tech incubators. Collaborations with tech companies can provide access to resources and expertise for training programs.

4. Encouraging Local Cloud Service Providers: To reduce dependency on global cloud giants, developing nations can encourage the growth of local cloud service providers. Local providers can offer customized solutions that cater to the specific needs of the market and can also provide services in local languages. This approach can create jobs, stimulate local economies, and ensure that more data remains within national borders, addressing concerns about data sovereignty.

5. Promoting Cloud Adoption Across Sectors: Governments should promote cloud adoption across various sectors, such as agriculture, healthcare, education, and finance. For example, in agriculture, cloud-based platforms can provide farmers access to real-time weather data, market prices, and best farming practices. In healthcare, cloud solutions can support telemedicine services, especially in remote areas with limited access to healthcare facilities.

6. Building Strategic Partnerships: Developing nations should seek strategic partnerships with international organizations, tech companies, and cloud service providers to access technical expertise, funding, and best practices. These partnerships can help accelerate cloud adoption and innovation while ensuring the benefits are widely distributed across society.

Conclusion

Cloud computing is a revolution in developing countries' socio-economic growth as a potent way of post-virus dividends creation and as the foundation for developing resistant, sustainable, and inclusive economies. With cloud computing cost-effectiveness, flexibility, and advanced characteristics applied for certification programs in the developing world, governments can promote innovation, improve the population’s quality of life, and increase financial literacy. Nevertheless, it is essential to understand that achieving such outcomes will necessitate targeted investments in digital enablers, enabling policy environment, human capital development, and multi-stakeholder partnerships. Subsequently, with the help of appropriate measures such as the focus on Cloud Computing certification, third-world countries can capture the opportunities of Cloud Computing for overall economic growth and post-COVID-19 recovery in the era of digitalization.

#CloudComputing #EconomicRecovery #DigitalTransformation #CloudComputingCertification #DevelopingNations #Innovation #DigitalSkills #TechGrowth

Disclaimer

That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.

dilipguddappa