February 21, 2024

We are creating some awesome events for you. Kindly bear with us.

New Zealand Fortifies Its Tech Sector in Year 2022 Annual Budget

Seeing how much the digital technologies sector has contributed to New Zealand’s overall economy, Wellington is putting the focus on boosting its digital sector by setting aside funds and strengthening emerging strategic weaknesses.

Mindful of achieving a high-wage yet low-emissions economy, the Aotearoan government has allotted a substantial portion of its budget in 2022 to the tech sector, as confirmed by David Clark, Minister for the Digital Economy and Communications.

In 2020, the digital technologies sector contributed NZ$ 7.4 billion to the economy. Since 2015 it has, on average, grown about 77%  faster than the general economy. Budget 2022 provides an additional NZ$ 20 million over four years for two key initiatives in the ITP. 

– David Clark, Minister, Ministry of Digital Economy and Communications

Moreover, the government leader mentioned the government’s digital road map, the Digital Technologies Industry Transformation Plan (ITP). He disclosed that they have been working with the digital sector so it can realise its massive potential as a source of high-paying jobs and export income generation.

However, it must be noted that New Zealand has a focus on what part of its digital economy needs a lift. The answer which should be attended to first lies in how much a particular digital sector has contributed to the overall economy. By that measure, it becomes apparent that Software-as-a-Service (SaaS) is top of that list.

Clark echoed such focus. He said that SaaS and its growth are paramount. Already, New Zealand’s SaaS companies are making their presence felt in the global market and the country has seen how they’ve thrived despite the virus. Thus, Wellington wants to multiply these SaaS successes. Moreover, they prioritised the global market and want to make good on ‘New Zealand’s Tech and Innovation Story’ to the world.

Such a marketing initiative should bring New Zealand tech to key markets, specifically Europe, Australia and the United States of America. It’s important the country capitalise on digital as a strong digital economy.

One that is becoming apparent day by day is the need for more digital manpower. New Zealand needs the “right people”. To address the current “skills mismatch”, the government leaders are targetting the delivery of short courses to widen the digital skills of workers. To do that, they will be encouraging local workers to participate.

Additionally, Wellington is willing to attract the best to come up with better-trained workers. To have world-class digital talent, the country must attract world-class digital talent to teach. To make that happen, they are calling for a rebalance of the immigration system where local tech industries will be given a break from immediate pressures on hiring offshore talent.

A key example here is the possibility of senior roles in ICT being allowed to fast track towards residency in the country. Some of these roles considered are ICT manager, software developers, cloud and data analysts and ICT security experts.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend