• About
  • Subscribe
  • Contact
Thursday, May 8, 2025
    Login
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
No Result
View All Result
Home Industry Verticals Government and Public Services

Who benefits from Govt anti-COVID stimulus packages?

FutureCIO Editors by FutureCIO Editors
July 30, 2021
Photo by Anastasia Shuraeva from Pexels

Photo by Anastasia Shuraeva from Pexels

IDC Government Insights observed that the translation of stimulus package announcements into real project initiations occurs at varying paces across segments such as infrastructure, health, education, tourism, aviation, and social protection.

As governments continue to deploy fiscal and monetary packages, it is vital for the business community to strategize accordingly.

The IDC report, Stimulus Packages to Revive the Economy: Governments' Response to the COVID-19 Pandemic in Asia/Pacific, emphasizes the need for governments to ensure that stimulus funds reach the most affected sectors and to revisit the outsourcing model to mitigate offshoring risks.

"Governments would be wise to keep a close eye on the motivating factors for widespread constituent digitalization; size the opportunity to understand what technologies and use cases worked, and what didn't; as well as continually track the flow, outcomes, and value-creation of domestic stimulus spending," said Gerald Wang, head, Asia Pacific Public Sector.

To establish public trust in the government's capacity to turn around the economy through stimulus funds, he believes proper audits and regular visibility on funding outcomes will be critical.

With large-scale projects lined up to further boost the economy, the report suggests that businesses leverage COVID-19 stimulus measures to propose collaboration with government bodies in tech and non-tech projects.

Vendors are encouraged to forge partnerships with government bodies in projects that not only cover planning and technological support in deployment but also maintenance and operations stages.

Report highlights

  • A multitude of businesses in the Asia/Pacific countries is at risk of going out of business, as a result of the pandemic's widespread socio-economic impact. Micro, small, and medium-sized enterprises (MSMEs), and their employees have been hard hit by the crisis.
  • The year 2021 will see continued growth and implementation of government-initiated projects in the sectors severely affected by the pandemic.
  • ICT investments, as part of stimulus packages, were prominent in countries such as Singapore, Australia, China, and South Korea.

"Presently, Asia/Pacific nations are notably struggling to cope with socioeconomic stagnation as governments continue to leverage controlled lockdowns to battle new COVID-19 virus strains and rising infection numbers. This meant that an unprecedented, widespread use of digital technologies became essential tools as constituents adapted to the new normal of 'live, learn, work, and play.' The question remains; however, will such deep use of digital technologies continue after countries emerge from the pandemic?" continued Wang.

The report reveals that uplifting SMEs and strengthening connectivity infrastructure are key focus areas during the crisis. ICT investments had a major focus on healthcare particularly telemedicine, 5G infrastructure, and digitalization of businesses as part of crisis management.

Related:  Medical software leads health tech growth
Tags: auditCOVID-19IDC Asia-PacificIDC Government Insightsstimulus packages
FutureCIO Editors

FutureCIO Editors

No Result
View All Result

Recent Posts

  • Agentic AI-powered AppSec platform launched for the AI era
  • IDC forecasts GenAI alone will grow at a 59.2% CAGR
  • Dataiku brings new AI capabilities to create and control AI agents
  • Microsoft reveals the rise of a new kind of organisation in the AI era
  • St Luke’s ElderCare enhances data security and user experience with Juniper

Live Poll

Categories

  • Big Data, Analytics & Intelligence
  • Business Applications & Databases
  • Business-IT Alignment
  • Careers
  • Case Studies
  • CISO
  • CISO strategies
  • Cloud, Virtualization, Operating Environments and Middleware
  • Computer, Storage, Networks, Connectivity
  • Corporate Social Responsibility
  • Customer Experience / Engagement
  • Cyber risk management
  • Cyberattacks and data breaches
  • Cybersecurity careers
  • Cybersecurity operations
  • Education
  • Education
  • Finance
  • Finance & Insurance
  • FutureCISO
  • General
  • Governance, Risk and Compliance
  • Government and Public Services
  • Growth Strategies
  • Hospitality & Tourism
  • HR, education and Training
  • Industry Verticals
  • Infrastructure & Platforms
  • Insider threats
  • Latest Stories
  • Logistics & Transportation
  • Management Leadership
  • Manufacturing
  • Media and Telecommunications
  • News Stories
  • Operations
  • Opinion
  • Opinions
  • People
  • Process
  • Remote work
  • Retail & Wholesale
  • Sales & Marketing
  • Security
  • Tactics and Strategies
  • Technology
  • Utilities
  • Videos
  • Vulnerabilities and threats
  • White Papers

Strategic Insights for Chief Information Officers

FutureCIO is about enabling the CIO, his team, the leadership and the enterprise through shared expertise, know-how and experience - through a community of shared interests and goals. It is also about discovering unknown best practices that will help realize new business models.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO

Categories

  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe