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16:09

Nazarbayev calls for profitability using foreign experience of digitalization

13.09.2017 Astana. September 13. KazTAG -  President of Kazakhstan Nursultan Nazarbayev compared the labor productivity in foreign and Kazakhstani companies and called for introduction of foreign experience of digitalization.
"On digitalization, on one hand, we must look from a pragmatic point of view. This is an opportunity to obtain absolute benefits - productivity, capitalization, income. For example, we boast that together with General Electric we have started the production of electric locomotives. There, the productivity per 1 employee is $ 100 thousand. We say: "How wonderful it is! There are no such indexes in other fields (...) The companies ERG, Kazakhmys have productivity of $ 40-50 thousand. We think this is "great". But not at all if you look. They work for 50-100 thousand people, "he said.
"As a result, $ 50-60 thousand labor productivity is, for example, 45 times less than Facebook. What can we say about the rest? Our most advanced information technological park "Alatau" in 2016 had revenue of 20 billion tenge. We talked about how good it is. But it is 38 times less than Ethereum, " he said.
At the same time he said he mentioned it "not in order to criticize." "I'm talking the goals we should strive to achieve. It is necessary to create such start-ups in Kazakhstan and run them. I want to say, we must achieve a soar in profits and economic growth," he said.



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