IT Strategy

Ukraine To Become IT Cloudsourcing Leader By 2016?

Despite the ongoing political crisis, Ukraine has a great potential to become a new powerful hub for IT services exports in Europe, and is likely to grow its annual IT outsourcing turnover to over USD 10 - 15 billion (from today's USD 1.5 billion) in the years to come. That's what Ukraine's Ambassador to the United States said while presenting a new strategic IT initiative of the Ukrainian government in Washington a few week ago. This initiative suggests that Ukraine creates around 100,000 new workplaces for IT specialists by 2016, and starts developing the local Cloudsourcing market. For this to happen, it plans to attract over USD 1 billion in foreign investments this year. This money will mostly be spent on modernizing the national IT education and aligning it with the actual business needs.

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During his presentation in Washington, Ukrainian Ambassador called on more US companies to collaborate closely with the Ukrainian service providers, and leverage Ukraine's Cloud computing and software development opportunities. Cloudsourcing technologies that allow foreign companies to use Ukrainian tech resources virtually are able to help:

  • save 40-75% of software development costs
  • access Europe's richest pool of developers skilled in PHP, JAVA, mobile and iGaming technologies, NET, SaaS, Cloud
  • build own Cloud IT infrastructure at a reasonable cost and with no administrative hassle
  • integrate own software products with any existing tech platform easily and inexpensively, and
  • manage corporate IT function with transparency and a zero budget

High Tech is claimed to become the top priority focus of the Ukrainian government, with support of world famous brands that have already been using Ukrainian tech resources quite effectively - e.g., Intel, Google, Boeing, IBM, Samsung, etc. Within this campaign, a lot of efforts will be made to enhance cyber security, develop Ukraine's eGovernment, and create favorable conditions for foreign companies to seamlessly enter the Ukrainian IT market and access local IT workforce.

Ukrainian Cloudsourcing initiative will be presented to the US media in New York on May 29, 2014. More event details are available here.

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Vik is our Brand Journalist and Head of Online Marketing / PR with 11+ years of international experience in IT B2B. He's also a guest blog contributor to Business2community, SitePoint, Journal of mHealth, Wearable Valley and other IT portals.