![Advancing Cloud and Data Infrastructure Markets: Strategic Directions for Low- and Middle-Income Countries](/images/2024/07/22/346.jpg)
Advancing Cloud and Data Infrastructure Markets: Strategic Directions for Low- and Middle-Income Countries
Big data opens up new opportunities for public administration, helping to analyze the current dynamics of socio-economic development, make forecasts and automate decision-making processes.
However, the effective use of big data requires an appropriate digital infrastructure. Among the most promising technological solutions for working with data are cloud services.
According to the World Bank, the market for cloud technologies and data infrastructure reached $600 billion in 2022. It is predicted that the figures will grow annually by 20% until 2025. Virtual storage and services reduce the costs of storing and processing data, provide greater stability and continuity of business processes. However, cloud services are most widely represented in developed countries. Low-income countries do not have the necessary technological resources, which limits their ability to use innovations (including artificial intelligence).
Scaling cloud infrastructure requires expert knowledge, reliable digital communications, and secure data management structures. The World Bank recommends:
- developing comprehensive national digital transformation strategies that prioritize cloud computing;
- investing additional resources in broadband, electricity, and human capital;
- creating favorable regulatory and financial conditions for investment in digital and energy projects;
- conducting a national cloud market analysis to obtain accurate and comprehensive data on demand for cloud services and prevailing supply conditions in domestic markets.