Australia to Unlock $224bn Digital Transformation

Australians could have an extra $224 billion to spend simply by upgrading to technology that already exists.

To better understand the potential benefits of cloud technologies, and the economic benefit to Australia, TechnologyOne commissioned IBRS and Insight Economics to undertake research into the economic impact of software as a service (SaaS), which it says was the first of its kind conducted in Australia.

The evidence suggests that cloud technologies, in particular SaaS, have the potential to deliver substantial cost savings which can be redirected to critical investment in infrastructure and services for Australia’s growth—it’s too big to ignore.

The savings come from reductions in the cost of ICT ownership and maintenance, and productivity improvements associated with the automation and simplification of business processes.

These savings can in turn be redirected to fund critical investment in infrastructure, services and roles across these industries, setting the scene for Australia to build on this momentum and set up a platform for generations of growth.

Increasing cloud computing to 40% by 2025 would reduce Australia’s emissions by 4Mt CO2-e in 2030, the report found.

To see the report, click here.

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