Tech, Budgets & Boardrooms. The Conversations That Matter…

As businesses plan for the next financial year, it’s time to look ahead at the tech trends that will shape the industry. Digital transformation isn’t a luxury anymore, it’s a necessity. With cyber threats getting smarter, AI changing the way we work, and new regulations on the horizon, boardrooms need to be thinking about how to future-proof their organisations. Here’s what should be on your agenda.

AI & Automation: A Smart Investment or Just Hype?

AI is everywhere—helping businesses automate customer service, streamline operations, legacy systems or process and cut costs. But not all AI investments are worth it. Boardrooms should be formulating a plan around:

• How can AI & Automation improve efficiency and boost our bottom line?
• Are we using AI responsibly and staying compliant with new regulations?
• How do we balance automation with keeping our workforce engaged?
• Can we make investment into AI tools such as Copilot to increase efficiency?

Cybersecurity: More Than Just an IT Problem

Cyber threats are getting worse, and hackers aren’t just targeting IT systems—they’re going after entire businesses. Cybersecurity needs to be a top priority, and leadership must ensure:

• There’s enough budget to keep security measures up to date.
• Regular cybersecurity training is in place for employees.
• There’s a solid plan for responding to cyber incidents if they happen.
• Considering E8 maturity level uplift.

Cloud Costs: Are You Getting the Best Value?

Many businesses have moved to the cloud, but costs can quickly get out of control. Boards should be looking at:

• How to optimise cloud licensing without sacrificing features.
• What areas of improvement you can be making to squeeze more value.
• How secure and compliant their cloud infrastructure really is.

Data Privacy & Compliance: Staying Ahead of the Rules

With new privacy laws like updates to the Australian Privacy Act, businesses are facing more responsibilities. Boards need to discuss:

• Are we ready for upcoming privacy law changes?
• Do we need to update our data protection policies?
• How do we ensure transparency and security with customer data?
• Can we protect client data with new solutions?

Hybrid Work: Are Your Tools Helping or Hurting?

Remote and hybrid work models aren’t going anywhere. Businesses must invest in tech that supports flexibility and productivity. Key questions include:

• Is our IT setup working for a hybrid workforce?
• Are our collaboration tools making work easier or slowing teams down?
• How do we make sure remote workers stay secure from cyber threats?
• Do we have a remote work standard in place?

What’s the Next Big Disruption?

Technology moves fast, and businesses need to be prepared for the next wave of change. Whether it’s quantum computing, Web3, or something we haven’t seen yet, executives should ask:

• What emerging technologies should we be keeping an eye on?
  • Quantum-Safe Cryptography?
  • Neuromorphic Computing for AgriTech & Mining?
  • Carbon Capture 2.0: Scaling for Australia’s Net-Zero Push?
• How do we make sure our business stays agile and ready for change?
• Are we creating a culture of innovation within our teams?

The Bottom Line: Smart Tech Budgeting & Planning

Spending on tech isn’t just about keeping up, it’s about staying ahead. As businesses finalise budgets for the next financial year, it’s crucial to align technology investments with business goals, security, and long-term growth. By making tech strategy a priority in board meetings, companies can stay competitive and resilient in a rapidly changing digital world.

Need Help Planning Your Tech Strategy? Our team can help assess your current technology landscape and align your investments with your business goals.

Get in touch today to ensure your organisation is ready for the next 12 months and beyond.