Telecom Companies, Banks Lead in Cutting Data Storage Costs

Summary:

• Telecom companies and banks are at the forefront of adopting digital services and reducing data storage costs. This trend is evident in facilities like one located in Nami Industrial Park.
• Telecom industry, including major players like MTN, ATS, and SAOMS, has been early adopters of these services, highlighting the importance of professional data centers in addressing industry constraints.

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KAMPALA, (Examiner) – In the Nami Industrial Park, telecom companies and banks are leading the charge in embracing digital services while efficiently managing data storage costs. This strategic move not only enhances operational efficiency but also sets a precedent for other industries to follow suit.

The telecom sector, including major players like MTN, ATS, and SAOMS, has been quick to adopt these services, recognizing the significance of professional data centers in addressing constraints faced by businesses and consumers alike. Recent internet downtime, attributed to a submarine cable cut, underscores the critical need for reliable infrastructure housed in facilities such as those within Nami Industrial Park.

Uganda’s Information Minister, Hon. Dr. Chris Baryomunsi acknowledges the challenges posed by physical cables and emphasizes the importance of diversifying internet access methods. Plans to supplement fiber optics with satellite technology demonstrate a proactive approach to mitigating future disruptions.

However, despite strides in digital adoption, some small and medium enterprises (SMEs) remain hesitant due to perceived capital intensiveness. Yet, the reality is quite the opposite. Utilizing data center services not only resolves power-related issues but also offers significant cost savings. The example of cooling expenses illustrates how efficient resource utilization within data halls can translate into tangible financial benefits for businesses.

Despite the availability of cost-saving measures, there’s a pressing need for greater awareness among businesses regarding optimizing data storage expenses. With millions of shillings lost annually due to inadequate knowledge, education and outreach efforts are crucial to fostering a more resilient and cost-effective digital ecosystem.

By leveraging the expertise of telecom giants and banks, coupled with proactive government interventions, Nami Industrial Park exemplifies how collaborative efforts can pave the way for sustainable digital transformation while mitigating economic losses associated with data management inefficiencies.

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