Gearing up for the digital future
Rapid advances in technology are transforming Australian business, with the nation’s mid-market players getting set to face up to every challenge – starting with security.
Technology will disrupt but also deliver advances we cannot even imagine yet. The nimble will own the day
(Mid-sized business, IT / Telecommunications)
Strong optimism on increasing
While there is plenty of rhetoric around how a digital tsunami is sweeping through the corporate world and the nature of business is changing irrevocably, our survey respondents are sanguine about technology and its potential to disrupt their business models. In fact, while the majority of respondents understand the challenges of the digital economy, they are increasingly confident it will deliver positive results.
Technology and innovation in products and service delivery are driving our growth
(Mid-sized business, Manufacturing / Construction)
Technology keeps leaders awake at night
The current relentless pace of change does fuel a general unease about technology as business leaders wonder if they’re adopting the right digital strategies and getting “bang for their buck” when it comes to technology investment. Further exacerbating mid-market player worries are recent studies such as the University of Surrey’s alarming Into the Web of Profit (Understanding the Growth of the Cybercrime Economy) study indicating the sheer breadth and reach of cyber criminal activity around the world.
Preparing for cyber attacks
When Dr Nathan Pinskier of the Royal Australian College of General Practitioners and an e-health specialist spoke of cyber security in Australia’s health system back in April, he echoed the comments of former FBI director, James Comey on American businesses when he said, there are only two types of healthcare organisations – those that know they’ve been hacked and those that don’t know they’ve been hacked.
Bearing this in mind, Australia’s mid-market businesses are broadly wary of a cyber attack and are mostly realistic in their assessment of their readiness and understand more needs to be done.
Readiness for a cyber attack
Enterprise is a specialist division of KPMG Australia, dedicated to advising the emerging, private and mid-market. We work with established entrepreneurs, family businesses, not-for-profits, and fast-growing companies to build thriving organisations.
By bringing our diverse expertise together, we give our clients the confidence to focus on the things that will truly make an impact and help them grow.
At Enterprise, we offer an extensive range of audit, tax, accounting and advisory services to help clients through every stage of their life cycle, whether starting, growing or exiting their businesses.