Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | $46 Billion dollars of economic value that could be added to New Zealand’s GDP by 2030 by unleashing digital transformation in our non-tech companies, but if we continue to stall against competing nations, it will become much harder to unlock that value.”
Cyber security was another key concern. In 2021, 8,831 incidents were reported to CERT NZ, a 13% increase on 2020. Fifteen percent of these incidents reported to CERT NZ included direct financial loss, with a combined total value of $16.8 million. But with 3.5 million global cyber security jobs unfilled in 2021, New Zealand was part of an international scramble to onshore tech talent.
“New Zealand must find ways to bring new skills into the industry or risk an ongoing brake on the aspirations of our companies to compete in this increasingly digital world. While we will always need to bring skills in from offshore, our companies and Government also need to be aligned in developing home grown talent, especially in underrepresented groups such as women, Māori and Pasifika.” he said.
Business leaders agreed that there is a huge untapped national labour market that could benefit from some tighter and more accessible vocational opportunities.
Lindsay Zwart, Chief Enterprise Officer of Vodafone NZ (who sponsored this report), says that a focus on customer outcomes and new tech can help to mitigate some of these issues. “Business leaders are being affected by talent shortages and supply chain delays but can drive efficiencies by using cloud and SAAS based services which reduce reliance on in-country resources and hardware. We can work to serve our customer needs with data driven decision making and ambitious planning, which comes from acting with empathy towards customers. Placing ourselves in the shoes of the customer will guide where monetary investment is most important.
New Zealand’s year on year ranking in the Network Readiness Index – which ranks the world’s 130 most ‘network ready markets’
Source: “The Network Readiness Index 2021, Shaping the Global Recovery”, Portulans Institute https://networkreadinessindex.org/
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