BIOS Blog

Combined expertise will empower organizations to navigate the complex multi-cloud landscape effectively and efficiently

Partnership will see ZainTECH deliver unprecedented value to clients while ensuring compliance with local regulations

Dubai, UAE - Riyadh, KSA – March 19, 2024

ZainTECH, the integrated digital solutions provider of Zain Group, is pleased to announce the signing of a strategic partnership agreement with CoreStack, a global multi-cloud governance provider. This partnership aims to provide NextGen multi-cloud governance, FinOps, and cost management solutions.

The Middle East is quickly catching up to other markets in terms of cloud computing adoption. Government investments and the increasing presence of public cloud providers are making cloud solutions more accessible. These developments are providing organizations in the public and private sectors with a faster route to capturing value from the technology. Bahrain is rapidly advancing in its digital capabilities with the ICT sector contributing over 6.8% to the real GDP in 2022 and witnessing a significant growth of 4.5% in the same year.

Back in 2019, Bahrain made a significant move in the IT sector by inviting AWS to set up its first cloud computing region in the Middle East and North Africa (MENA) right in Bahrain. This helped the kingdom to commit to a Cloud-First policy, mandating all government agencies to migrate to cloud-based services. 

As part of its efforts to achieve the goals of Kuwait Vision 2035, the country is prioritizing the adoption of digital technologies to drive innovation and digital transformation in key sectors. By implementing smart and digital technologies, Kuwait aims to improve the efficiency and performance of its services, stimulate economic growth, and enhance the quality of life for its citizens. Through this focus on digital transformation, Kuwait aims to increase operational efficiency and performance in key sectors.

With ambitious digital transformation goals, a dynamic business environment, and rising cyber threats, there is an increasing need for a strong, secure foundation of cloud infrastructure and services like disaster recovery.

The Gulf Cooperation Council (GCC) region is witnessing unprecedented growth in the financial sector, with a surge in both traditional financial institutions and emerging fintech companies. Due to their financial power and increasing connectivity, they are the prime target for cyberattacks and data breaches, making the protection and security of their critical data a paramount concern.

According to a recent study, the global fintech market is projected to reach a staggering $324 billion by 2026, demonstrating the exponential growth of this sector. With such rapid advancements, the need to fortify data infrastructure against potential disasters has become more crucial than ever.

The adoption of cloud technology has been on the rise and for good reason - businesses streamline their operations, improve their agility, and reduce costs. However, with the increasing complexity of cloud environments, managing costs has become increasingly important.

This is where cloud cost management comes into play. It refers to the processes and tools used to control, monitor, and optimize the costs associated with cloud usage. With effective cloud cost management, you can maximize the value of cloud investments and achieve the desired outcomes.

Cybercrime is on the rise and it’s important that each member of your organization realizes the importance of data security. Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025.

In today’s post, we will discover how to develop a robust data security strategy to secure your business and prevent external attacks.