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Lacking major natural resources Armenia should focus on IT industry,

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  • Lacking major natural resources Armenia should focus on IT industry,

    Lacking major natural resources Armenia should focus on IT industry,
    Ripple Labs Inc.


    YEREVAN, May 31. / ARKA /. Lacking major natural resources Armenia
    should place focus on information technology development, Stefan
    Thomas from Ripple Labs Inc., told ARKA. Stefan

    Thomas has been invited to participate in the sixth "BarCamp Yerevan-
    2014" informal gathering.

    In this context, he highlighted the importance of events like
    BarCamps, which represent the potential of Armenia's IT industry. He
    also praised the organizers of this event saying the participating
    young people are well informed.

    About two thousand IT specialists, including programmers, bloggers,
    online journalists, have gathered in Yerevan for the event.

    Armenia's information technology industry has been growing 20 percent
    on average over the last years. Some 380 IT firms are said to employ
    over 10,000 mostly well-paid engineers and other specialists. Of them
    159 are foreign-owned or act as representative offices of large
    international companies.

    The IT industry accounts today for 3.8 percent of the national GDP.
    According to an IT development strategy, its turnover is to surge to
    $1 billion by 2018.

    BarCamp is a series of events initiated first in the U.S. Silicon
    Valley in 2005. BarCamp events focuse on information technology,
    global network and media. It is often called an unofficial meeting
    with a series of informal presentations and reports.

    The participants place various issues on the agenda and jot down the
    topics of their reports and their schedules on a blackboard. The first
    post-Soviet state to organize a BarCamp was Ukraine in 2007.

    In February 2008, BarCamp Baltics took place in Riga, followed by
    BarCamp Caucasus in Tbilisi in June 2008. The first BarCamp Yerevan
    took place in 2009 April. -0-

    - See more at: http://arka.am/en/news/technology/lacking_major_natural_resources_armenia_should_foc us_on_it_industry_ripple_labs_inc/#sthash.SCtTrKv9.dpuf

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