Huge opportunities for Lankan IT companies | Daily News

Huge opportunities for Lankan IT companies

With pace of ageing population, COVID-19 related opportunities

The pace of population ageing and COVID related opportunities would create a massive degitization of healthcare sector.

“This is a massive opportunity that Sri Lankan IT companies need to tap into. We’ve the capacity to do it. But the point is to get those initial contracts as these contracts are difficult to get due to the high level of compliance that goes into health documentation,” said Imran Furkan ,CEO -Tresync Australia IT/BPO Expertise. (Pictured)

He made these views addressing a Webinar on ‘Market Enhancement for Sri Lankan Products and Services in Australia,’ organised by Sri Lanka Export Development Board.

Speaking on opportunities available for Sri Lankan entrepreneurs and investors to engage in trade in Australia, Furkan said, “I’m happy to see the Information and Communication Technology Agency of Sri Lanka coming up with a Data Protection Act which will give a lot of comfort to players to come into Sri Lanka because data that is being transferred from Australia to Sri Lanka will meet high standards.”

“Another opportunity is in the open banking sector. Australia has decided to roll out the open banking regime this year and it is the system of allowing the consumer to get the control of their data. Usually, consumer data is with the bank or financial service provider or the Telecom Company and they don’t allow you to take your data to shop around. With the open banking regime, the bank will give the consumer the opportunity to shop around with different banks, financial institutions or Telecom companies,” Furkan added.