If you're searching for a way to transition into the tech sector, you're right on the money.
A total of $326 million has been invested in the Australian tech market to fuel the integration of cloud computing services that will support government and corporate infrastructure. Not only will these new funds go towards building new facilities and improving existing systems, they will also result in more job creation and startup funding.
So, if you’re thinking about moving into a tech career, now could be the perfect time to make the switch. They will be plenty of exciting opportunities on the horizon and you can embark on a fulfilling career and have an extensive selection of innovative tech companies to choose from.
Creating jobs across Australia
The investment is an amalgamation of funds provided by Equinix, Cisco and Zoho who are keen to be a part of Australia’s growing adoption of and demand for technological innovation.
While this group of new investors consists of a couple more established ‘leaders’ within the tech space, it is software disrupter, Zoho, who is perhaps the most surprising player in the mix. The fast-growing Indian-based disrupter is providing over $40 million in funds to gain a foothold in Australia. Furthermore, the company is keen to create jobs in regions outside of major cities, creating increased demand for highly skilled tech professionals across the country.
Larger urban centres are also benefiting from the investment. Over $225 million has been pumped into Sydney by US data giant Equinix to fund a new computing facility that will support the growing need for data storage and management.
It’s a move which makes sense given this company’s vested interest in cloud-based infrastructure. Equinix is involved in building a whole range of interconnected solutions for both the private and public sector, for large and small businesses alike.
Lastly, further investment in infrastructure was pledged by networking behemoth Cisco whose 61 million capital injection will help support start-up and small business growth as well as government digital transformation.
No sign of slowing down
Just weeks after these investments were announced, multinational Salesforce also publicly stated their plans for a $US50 million investment in the country named the Australia Trailblazer Fund it will specifically target Australian based startups.
The software giant has been behind some of the most prolific capital ventures in recent years, from its involvement in Dropbox, Stripe and Evernote. This comes as over 50% of Australian based startups attempt to raise funds so that they can scale. It’s a strong signal that interest in the Aussie tech market is unlikely to slow down anytime soon.
Sourcing and retaining the right talent
This rapid succession of investment, as well as the challenges Australia currently faces in adapting to new technological trends and demands, including its growing cyber security problems, means there is a now a shortage of well-trained tech professionals in the country.
It’s becoming increasingly difficult for companies to source and find the right talent for highly specialised positions requiring proficiency in programming, data science IT systems management and cybersecurity among other skills.
With our professional education provided by our industry-leading partners, you can set yourself up to meet this demand and be part of the solution to the skills gap.