Australia Sees $45B Transformation Potential
Digital transformation will add around $45 billion to Australia's gross domestic product (GDP) by 2021, according to new research by Microsoft and IDC.
The study, which interviewed 100 decision makers at mid- to large-sized enterprises in the country, found that the growth comes from digital products and services and represents a 0.5% annual growth rate.
Microsoft asked companies about both the benefits and challenges associated with transformation and found that the top benefits were primarily financial, including expected:
Microsoft says that these organizations will see at least 40% improvements tracked in each of the key benefits identified by 2020.
As far as the challenges, survey respondents echoed a theme commonly heard with transformations -- that the people challenge is as great as the technology challenge, if not more so. The top four cited challenges, in order, were a lack of skills and resources, siloed and resistant culture, lack of advanced analytics to develop actionable insights and a lack of thought leadership to drive digital transformation. (See Culture Hardest to Transform – Sigma CTO.)
Microsoft is using the study to urge organizations to accelerate their digital transformations and become leaders, as well as to recruit the best talent with a focus on digital. Respondents said that 83% of jobs will be transformed in the next three years due to digital transformation, with 54% "redeployed to higher value roles or reskilled to meet the needs of the digital age."
"Equipping the nation to succeed in the digital age -- and ensuring all Australians benefit from it -- must be a national priority if Australia is to remain competitive and maintain its record-breaking 26 years of economic growth," Steven Worrall, managing director of Microsoft Australia said in a release on the study. "Employers across all industries need to commit to helping workers prepare for the digital age."
— Sarah Thomas, Contributing Editor, Telco Transformation
The search giant intends to cut humans out of some of its processes and deal with the strain of massive data usage by using more automation in its network.
AT&T says it is ready to go commercial with 5G having consistently achieved 1Gbit/s speeds on mmWave connections in its trials.
NSF is pledging $100 million over seven years in a public-private partnership to test 5G technologies in real-world scenarios in Salt Lake City and New York City.
A new report from the Australian Competition & Consumer Commission plays up the potential for 5G speeds, suggesting 5G could persuade consumers to give up fixed-line broadband.
More 5G predictions are rolling out as CCS Insights says that the US may be the first to launch 5G, but China will soon dominate it.
On-the-Air Thursdays Digital Audio
ARCHIVED | December 7, 2017, 12pm EST
Orange has been one of the leading proponents of SDN and NFV. In this Telco Transformation radio show, Orange's John Isch provides some perspective on his company's NFV/SDN journey.
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Huawei Network Transformation Seminar The adoption of virtualization technology and cloud architectures by telecom network operators is now well underway but there is still a long way to go before the transition to an era of Network Functions Cloudification (NFC) is complete.
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