Since new innovations are continually being introduced to the Egyptian market and it is getting harder to maintain and recruit personnel, IT managers and executives are often accustomed to experiencing disruptive periods in their business. However, given that the Egyptian economy is expanding despite extremely challenging conditions, geopolitical unrest is steadily rising, and other economies across the world are crumbling, what Egyptian IT executives and managers are experiencing is rather different.
We must concentrate on and pay attention to these challenges as 2023 draws near. Here’s a look at some things to put on your new year’s schedule.
Over the last several years, malware and ransomware assaults have grown to be big issues in Egypt, and they don’t seem to be abating any time soon. Any sizable amount of business systems are still at risk, frequently due to safety weaknesses for which patches have been accessible for a while. Even if your company believes it has all of your network’s security flaws covered. We must have the tools and competences necessary to counter increasingly complex cyberattacks.
Companies must have the personnel and procedures in order to stop or identify threats. In addition to the ongoing daily danger from cyber – criminals, phishing, virus assaults, and extortion operations, Egyptian businesses and the Egyptian government are also at risk from hackers and unfriendly nations.
2. Structure of the Cloud
The use of cloud computing has been negatively impacted by Egypt’s socioeconomic situation, including Covid throughout the past few years. Companies in Egypt accelerated their digital transformation as a result of a pandemic throughout the world and demands for employees to work from home. This included switching to cloud-based apps to serve remote workers and fast launching new cloud services to retain clients.
Given the impending recession, your company cannot afford to put the brakes on digitization efforts. They don’t have to, thanks to the cloud. The public cloud’s flexibility and scalability provide business agility when businesses need it most while lowering the financial risk of development.
3. Supply Chain
You just need to consider how the supply chain has significantly impacted the Egyptian economy to see how geopolitical worries have additional effects on the IT sector. Delays in the supply chain have impacted the number of technology components used in several crises that have plagued the global economy. The Egyptian market is not unaffected by what is going on in the rest of the world.
4. Cost reduction
Decreased expenses should be your top goal if you’re going to focus your endeavors as an IT leader or manager in your company. You must keep in mind that lowering expenses and improving efficiency are some of the key goals of IT and technology. But now that inflation in Egypt is on the rise and fears about a potential recession are growing, this goal is more crucial than ever. In every business, your company should prepare for a decline in the market for its goods and services. In the times we live in, cost rebalancing through technology and IT is essential.
5. Talent Deficit
As digitalization gains importance, the number of employees who can be hired and do the necessary work is insufficient to meet the demand of businesses. We observe that many businesses, both big and small, struggle to find the necessary technical expertise to meet their demands, and this pattern is more worrisome. Innovation can only lead to success when talent is at its core.
The top technological expertise in Egypt is recruited and outsourced by QSource. We can outsource our team of more than 200 top technical expertise to you, exactly as we have done for more than ten years with the greatest and biggest enterprises in Egypt. We also have a recruitment department that has helped hire individuals who have contributed to the development of many hundreds of Egyptian businesses.