Intelligent CIO APAC Issue 07 | Page 41

FEATURE : DIGITAL TRANSFORMATION
Funding digital initiatives is tough
With the backdrop of increased debt to fund growth in Australia , the Reserve Bank of Australia estimates the economy will shrink by 6 % by the end of this year and responsible lending laws have been relaxed to increase the flow of money for consumers .
Digital initiatives are critical to support Australian businesses during this time of uncertainty . While boards are willing to spend more on technology to do this , funds are being released slowly . This is largely due

SUCCESSFUL AUSTRALIAN CIOS UNDERSTAND HOW

TO EXECUTE ON THE BOARD ’ S KEY PRIORITIES .

to CIOs not being able to help them understand and make decisions on key digital capabilities .
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