Kazakhstan’s digitisation generates $578 million for economy in 2018

NUR-SULTAN – Kazakhstan’s digitisation efforts generated $578 million for its economy in 2018, said Kazakh Vice Minister of Digital Development, Defence and Aerospace Industry Ablaikhan Ospanov at the June 12-14 International Data Corporation’s (IDC) Chief Information Officer (CIO) Summit in Nur-Sultan.

Photo credit: kazpravda.kz.

IDC forecasts that 30 percent of Global 2000 companies will allocate at least 10 percent of their revenue to digital transformation by 2020, viewing it as a long-term investment. Worldwide spending on technologies and services that will enable this transformation for business is set to reach $1.97 trillion in 2022.

The 2018-2022 Digital Kazakhstan state programme aims to digitise parts of the economy, government and human capital development and implement a Digital Silk Road and innovative ecosystem. Last year, Kazakhstan’s trade volume in e-commerce also increased 1.5 times, exceeding $700 million.

“The success of the digital transformation of any business requires an effective strategy and the introduction of digital technologies and innovations. This task lies with the Chief Information Officer (CIO), the person responsible for integration with global digitisation processes and business processes within individual firms. (Their task is) to speed up digital transformations in the top management of a company or organisation and develop partnerships at the regional level, including expanding ties among digital leaders,” said Ospanov on the CIO’s key role in digital transformation.

“Within the framework of the digitisation of the economy, project implementation is now conducted to introduce innovative technologies to businesses in the mining and metallurgical complex and oil refineries,” he said on current and upcoming digitisation initiatives. “Work is underway to create seven model digital factories.”

IDC summits gather CIOs, business executives and tech suppliers to debate how to extract the most from technology and envision strategies for digital innovation, customer experience, automated business models and digital platforms. Key speakers at the 2019 summit were Kazakh Minister of Digital Development, Defence and Aerospace Industry Askar Zhumagaliyev and IDC Senior Vice President of the Europe, Middle East and Africa Region and Managing Director of the Central Europe, Middle East and African Region Steven Frantzen.