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Vic Government could do more to grow digital

Wednesday, 13 May 2015

Information Age

By Craig Horne, Chairman, ACS Victoria on May 11 2015

Opinion: Do the state budget measures go far enough?

The Andrews Labor government released the 2015-16 Victorian Budget: For Families on Tuesday 5 May.

The Victorian branch of the Australian Computer Society welcomes the $60 million set aside in the budget for start-ups as this is most definitely a priority.

Everyone knows how hard it is to start up a new business and figures from ABS will attest to the fact that the overwhelming majority of new businesses will fail in their first five years.

BRW's Australian Young Rich list of 2014 shows that seven of the top 10 self-made millionaires and billionaires have one thing in common – they all started a technology-based business.

ACS Victoria also welcomes the government's focus on innovation and technology through the creation and funding of the $200 million Future Industries Fund.

The fund will offer grants of up to $1 million to companies that specialise in high-growth sectors.

This targeted sector strategies approach is a much-needed attempt to capitalise on six of the most promising areas of growth potential in the state.

But the fund could have an even greater effect with a broader focus.

Digital transformation is required to achieve results such as new revenue streams, reduced expenses or improved service delivery to citizens.

For the record, creating an internet home page is not digital transformation. It extends deeper, transforming the way that customers procure, are billed, take delivery of and use their product or service.

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