Australian businesses have a lot of work to do to remain competitive in the years ahead.
Our current reliance on fossil fuels and imported goods makes our economy vulnerable to market fluctuations and political instability.
However, we need to know where we stand today before planning for what we want our country to look like in the next quarter of the year.
This article outlines Australia’s technology trends that will shape the second quarter of 2022.
Digital economy
Australia’s economy is transitioning from being historically focused on agriculture and mining to being reshaped by technology.
However, Australia’s business leaders are facing a range of issues impacting their ability to take advantage of all the opportunities that this transformation presents.
The pace and complexity of change
While technological change has always been rapid, it’s now happening faster than ever before. The World Economic Forum predicts that today’s technology will become obsolete after just two years, which means businesses need to retrain their workforce on an ongoing basis to remain competitive.
Meanwhile, technology has become so complex that even leading-edge companies struggle to keep up with developments in their fields, let alone others.
Data center virtualization
The move towards cloud computing has led to an increased need for data centre virtualization. Data center virtualization uses software tools to create pools of shared resources that can be allocated and assigned dynamically to workloads based on need.
This allows organizations with limited capital expenditure budgets to make greater use of their IT resources without making significant, upfront investments in hardware.
Improvement of SaaS and IaaS monitoring
Most Australian organizations have implemented SaaS or IaaS solutions and are looking to migrate their workloads. To do this, they must understand their cloud readiness and whether their application can be moved to the cloud. This requires an audit of their applications and their associated infrastructure.
Those looking to migrate their applications need tools that monitor a SaaS or IaaS environment in real-time. To detect issues as they occur to lower costs, increase uptime, provide better customer service and ultimately help them transform into a digital business.
We hope you’re inspired by the trends we’ve outlined in technology. Australia is a vast and diverse country, and many factors weigh its tech future. Despite this, there are some clear directions that Australia will likely be taking over the next few years. It’s an exciting time to be a part of Australia’s tech industry, and we look forward to seeing how it develops.
Dil Bole Oberoi
