Home > Industry > Small-Medium Aussie Businesses Turning Backs On Digital Push

Small-Medium Aussie Businesses Turning Backs On Digital Push

Australian businesses are polarising into digital “haves” and “have-nots”, with 56 percent of small and medium Aussie businesses (SMEs) turning their backs on digital tools, according to a new ANZ Bank report that canvassed the views of more than 1000 Australian businesses.

Problems are said to include the high cost of technology systems, as well as doubtful returns on investment.


The research suggests that the economic benefits of digital transformation are not being spread evenly across the economy and labour force.


The report comes as most Australian banks are preparing to switch on functionality for the so-called “New Payments Platform” that will hopefully provide rich, real-time transactions.


“I’ve given up. I’ve gone back to spreadsheets. The accounting systems out there just don’t meet my business needs,” said one unnamed manufacturing business cited in the report.


“I’ve tried several, they just aren’t flexible enough and I can’t customise them to my business. I need full control over the products and pricing in my accounting system and I can’t find a software tool that will easily allow me to do this.”



You may also like
Inflation At Three-Year Low, But Will Rate Cuts Follow?
Final Date For Complete 3G Shutdown Approaches
Air Conditioning Beat Data Centres As Main Driver Of Energy Demand
New Moto Buds Launched In Australia
Massive US Dockworkers Strike Could Impact Oz Retailers

Popular Posts

HP Patents Screen That Folds Around Laptop
Latest News
/
/
Australia’s Big Shopping Malls Are Making A Comeback
Latest News
/
/
Moto’s New Phone And Buds Combo Available From Today
Latest News
/
/
Social media (Image: Sourced from Unsplash)
Government To Force Tech Giants To Take Legal Responsibility For Content
Latest News
/
/
Apple’s Wall Mounted Smart Hub Tipped For Early 2025
Latest News
/
/

Digital Magazines

Recent Post

HP Patents Screen That Folds Around Laptop
Latest News
/
//
Comments are Off
A little over a year ago HP launched its 3-in-1 Spectre Foldable PC, which could operate as a laptop, tablet...
Read More