Government wants small businesses to digitise

Friday, 24 November, 2017

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The Turnbull government has established a Small Business Digital Taskforce, to be headed by entrepreneur Mark Bouris AM, with an aim to ensure more Australian small businesses can thrive in an increasingly digital economy.

The taskforce will talk to small business owners around the country about the benefits of adopting digital technologies to help their businesses operate more efficiently, giving them more time to grow their business.

Treasurer Scott Morrison said that everyone wins when small businesses are empowered.

“Small business is at the heart of the Australian economy — 3.2 million small businesses employ around 50% of Australia’s workforce, or around 5.6 million Australians. But many are not taking advantage of the opportunities that the digital economy offers,” said Morrison.

Mark Bouris echoes his sentiments.

“When a business begins to digitise and use digital tools, it opens up new opportunities to grow, diversify revenue streams, find talent, access finance, work smarter and enhance the value of the business when it is time to sell. If you’re not going digital, you should be,” he said.

Deloitte research has found that small businesses with advanced levels of digital engagement are 1.5 times more likely to be growing revenue, 8 times more likely to be creating jobs and 14 times more likely to be innovating.

The taskforce will conduct a series of meetings, workshops and hackathons with businesses over the coming months to explore impediments for business in engaging with digital technologies and how these impediments might be addressed.

Findings will be reported to the government by 28 February 2018.

Image credit: © CRACHO

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