Dig­i­tal trans­for­ma­tion plan may drive GDP by 11-fold growth

Pakistan Observer - - ECONOMY WATCH -

SALIM AHMED LAHORE—Pak­istan’s gov­ern­ment-led na­tional dig­i­tal trans­for­ma­tion plan can drive the coun­try’s GDP by 11-fold growth to reach USD9 tril­lion by 2050, in­dus­try ex­perts an­nounced to­day at the re­cent SAP Fo­rum Pak­istan. Aligned with Pak­istan Vi­sion 2025, dig­i­tal gov­ern­ment ini­tia­tives in health­care, lit­er­acy, and so­cial cash trans­fers are con­tribut­ing to its GDP by pur­chas­ing power par­ity ris­ing from USD 800 bil­lion in 2015 to USD 9 tril­lion, ac­cord­ing to a re­cent re­port by the global mo­bile as­so­ci­a­tion GSMA.

As a re­sult, Pak­istan’s gov­ern­ment aims to be­come one of the world’s 25 largest economies by 2025, when it will reach over USD 5 bil­lion in IT ex­ports, and one of the 10 largest economies by 2047. “Pak­istan’s gov­ern­ment-led na­tional dig­i­tal trans­for­ma­tion and Vi­sion 2025 show global best prac­tices in us­ing real-time in­sights to grow the econ­omy and meet peo­ple’s needs in in­no­va­tive ways,” said Gergi Ab­boud, Man­ag­ing Di­rec­tor – Gulf and Pak­istan of global en­ter­prise tech­nol­ogy com­pany SAP. At the SAP Fo­rum Pak­istan, hun­dreds of cus­tomers, chan­nel part­ners, gov­ern­ment of­fi­cials, and C-suite ex­ec­u­tives ex­pe­ri­enced how cloud so­lu­tions can trans­form gov­ern­ment, health­care, oil and gas, telecom­mu­ni­ca­tions, util­i­ties, con­struc­tion, real es­tate, con­sumer prod­ucts, and re­tail.

The in-mem­ory plat­form SAP HANA and real-time busi­ness suite SAP S/ 4HANA are the foun­da­tion for real-time data anal­y­sis in these sec­tors. De­mon­strat­ing the strong po­ten­tial for re­sults of na­tion­wide dig­i­tal trans­for­ma­tion on daily lives, Pak­istan’s gov­ern­ment made USD 9 bil­lion in dig­i­tal pay­ments in 2015, and 75 per­cent of all pay­ments could be dig­i­tized by 2018, ac­cord­ing to the Con­sul­ta­tive Group to As­sist the Poor. “Dig­i­tal pay­ments show how Pak­istan’s ro­bust dig­i­tal in­fras­truc­ture and vi­sion­ary lead­ers are de­liv­er­ing re­sults. Pak­istan’s gov­ern­ment is well-po­si­tioned to de­ploy pub­lic-pri­vate part­ner­ships to drive cloud-based in­no­va­tions - from dig­i­tal pa­tient records in hos­pi­tals to smart util­ity me­ters - that can en­hance en­gage­ment, ef­fi­ciency, and costs,” added Gergi Aboud.

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