New Zealand’s digital industry is booming, with further growth predicted as the country embraces digital technologies and digital transformation projects. Although still not as developed as some other countries, the nation has seen significant growth in the number of digital companies, digital jobs, and investment in digital startups over the past few years.
Digital Companies in New Zealand
The number of digital companies in New Zealand is growing rapidly. According to Statistics New Zealand, the number of digital companies increased by over 20% since 2017, compared to a 6% growth in all businesses. Although digital companies still only account for around 4% of businesses in New Zealand, it is likely that this trend will continue to rise.
Digital Jobs in New Zealand
The growth in digital companies has led to an increase in the number of digital jobs created in New Zealand. According to Statistics NZ, the number of digital roles rose by nearly 50% over the past two years. In addition, many of the digital jobs created are in high-paying industries such as software development and artificial intelligence (AI).
Investment in Digital Startups
New Zealand has also seen an increase in investment in digital startups. Investments in digital startups have grown by over 40% in the last three years. In addition, the government has launched a number of initiatives to encourage investments in digital startups. These include Taxation Act 2007, which provides incentives for investments in digital startups, and the NZ Innovation Investment Fund, which provides funding for companies involved in digital innovation.
Impact of Digital Transformation
The growth of New Zealand’s digital industry is having a positive impact on the nation’s economy. Digital transformation projects are helping to boost efficiency in the workplace and are creating new opportunities for businesses to increase their profits. In addition, digital technologies are enabling businesses to provide better services to their customers and open new markets.
Skills Needed for the Digital Industry
As the digital industry in New Zealand continues to grow, there is a need for individuals with the right skills and expertise. The most in-demand skills include coding, software development, data analytics, web development, artificial intelligence (AI) and machine learning.
Opportunities for the Future
The growth of New Zealand’s digital industry is set to continue, with further opportunities for businesses and individuals to get involved. The future of New Zealand’s digital industry is bright, with digital jobs expected to continue to rise and opportunities for businesses to capitalise on the digital transformation revolution.
Essential Skills for the Digital Industry
The growth of New Zealand’s digital industry is creating opportunities for individuals with the right skills. The following skills are essential for success in the digital industry:
- Coding
- Software development
- Data analytics
- Web development
- Artificial intelligence (AI)
- Machine learning
Opportunities to Get Involved
The digital industry in New Zealand is offering many opportunities for individuals and businesses. Here are some of the ways to get involved:
- Invest in digital startups
- Start a digital business
- Join a digital team
- Create a digital product
- Become a freelancer
- Provide digital services
The growth of New Zealand’s digital industry is having a positive impact on the economy and society. With the right skills and knowledge, individuals and businesses have the potential to benefit from the digital transformation revolution in New Zealand.