Cisco to invest AU$61 million to transform Australia’s digital space

Cisco is all set to transform Australia’s digital space as the California-based technology giant is planning to spend nearly AU$61 million in the next three years to boost Australia’s digital transformation efforts, according to a report by ZDNet.

As per the report, the money will be allocated under the company’s Country Digital Acceleration program (CDA), which according to Cisco is a long-term association with the national leadership, academia, and industry.

Cisco expects that the latest decision to spend nearly $61 million will help the CDA program to work in close association with the government authorities, industry, and community organizations to develop and fund projects across digital government, digital industry, and national infrastructure initiatives.

Speaking about the decision, Cisco Australia and New Zealand vice president Ken Boal said, “Technology has played a vital role in boosting socio-economic growth across the board. But more needs to be done for Australia to keep pace with other leading innovative nations. Cisco is all set to help Australia regain its position at the top of the pile.”

The digital industry will see Cisco develop cross-sector programs for Australian companies in the mining and agriculture sector. Cisco feels that the stress on small-to-medium business (SMB) programs will open a whole new vista of opportunities for everyone. The company believes that this investment will push the growth of new small to medium sized businesses and it will also give smaller tech towns access to new and emerging technologies.

The National Infrastructure Agency is expected to help companies incorporate new technologies and harness the potential of new technologies available as a result of the National Broadband Network, 5G, the Internet of Things, and artificial intelligence.

“By partnering with government, academia, and industry to co-innovate in the areas aligned to Australia’s strengths, we have the capability to accelerate change through these investments,” Boal concluded.

Source: ZDNet 

Image: Shutterstock

Cisco to invest AU$61 million to transform Australia’s digital space
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