According to Accenture, 40% of Australian companies rank in the bottom quartile of digital maturity compared to global competitors, indicating a significant gap in digital adoption.
Matt Coates emphasized that local companies must invest more of their IT budgets into strategic innovation rather than solely maintaining existing systems to stay competitive.
Accenture advises Australian businesses to allocate approximately 15% of their IT budgets towards managing technical debt to improve their digital infrastructure and capabilities.
The disparity in digital maturity highlights that while Australia's top companies excel, a substantial portion of organizations are lagging behind global standards in digital transformation.
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