The rise of Australia's digital economy is forcing businesses around the country to make a series of important decisions about their IT infrastructures.
One of the most significant issues for these organisations to solve is how emerging third platform IT trends – such as cloud computing, the Internet of Things and mobile connectivity – could affect their operations.
While there are a range of potential benefits for businesses that adopt these technologies, there's an equal number of concerns to manage, from IT security to possible cost overruns. In these situations, it's essential to work with an organisation that can match your business objectives with the appropriate solution.
Technology set to define business success
The importance of technology adoption to Australia's digital future was the focus of a recent statement made by the Australian Council of Learned Academics (ACOLA).
According to the organisation, it's essential that Australian businesses invest in disruptive technology in order to keep up with their domestic and international competitors.
ACOLA Council member Professor Andrew Holmes had some advice for Australian businesses looking to leverage emerging technology such as cloud computing or big data analytics.
"Australia's response to new technologies needs to be agile, adaptive and optimistic – new technologies can offer Australia great benefits; it is up to the nation to seize the opportunity," he said.
The ACOLA's report also detailed some of the approaches businesses need to consider when approaching these trends. Instead of leading with a desire to adopt a certain technology, businesses should instead focus on what they want to achieve first, and then find solutions that can help them reach those goals.
In many cases, this will lead businesses to innovative solutions such as wireless networking to prepare for the Internet of Things or server management to allow them to achieve the benefits offered by cloud computing.
Disruptive technology gains momentum
Most third platform technologies are gaining momentum with businesses, requiring them to make difficult choices regarding which opportunities demand immediate investment and how they need to prepare their infrastructures.
One that's likely to affect many organisations – and especially those launching bring-your-own-device programs – is the Internet of Things (IoT). As this trend develops, an ever increasing number of devices will be capable of connecting to the internet, adding extra demand for IT security services such as disaster recovery.
Recent research from the International Data Corporation (IDC) investigated the way global businesses are approaching the IoT. So far, the response has been positive, with almost three-quarters (73 per cent) of decision makers already committing to the movement or at least planning to within the coming year.
So far, IDC discovered that both the retail and manufacturing sectors are both exhibiting significant in the IoT, sending a clear signal to businesses about the value of the trend.
However, not all sectors are responding as quickly as they should be with regards to the IoT movement. IDC found that government agencies and other regulatory bodies are both lagging behind the curve.
Innovation promotes business growth
The Department of Industry communicated the benefits of reacting quickly to digital innovation, finding that innovative Australian businesses boast a number of key advantages over their competitors.
According to the organisation, those that respond quickly to the demands of emerging technologies are two times as likely to increase productivity than those that do not. On top of this, innovative businesses have a higher chance of increasing profitability and preparing their goods for export.
Put simply, taking an active approach to innovation allows businesses to better prepare themselves for competition both within Australia's borders and outside of them.
To find out which emerging technology solutions align with your business objectives, as well as how you can prepare for them, contact the team at NetCraft.