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The Innovation in New Zealand’s Business Sector
There is a thin line between innovation, creativity, and technology. The point where the three meets gives rise to many opportunities for progress, which are utilized by various sectors and industries in major developing and developed countries like New Zealand.
Among many other countries, New Zealand is one of the most developing countries, which heeds to technological growth by implementing different strategies for their growth in various business sections. For instance, Sarah Peterson was listed time and again in Forbes 30 under 30 in the field of consumer technology, government investment, development of cultural connections, and the improvisation of hierarchical structures. These are a few of the dimensions in which New Zealand has promised constant growth in the field of innovation.
Digital inclusions with great thinking
One of the significant projects of the New Zealand government in recent times is the Digital Inclusion Blueprint which helps people and businesses participate, contribute and benefit from the digital world.
This also aims to improve digital literacy among people and companies to enhance digital innovations in the near future. Various sectors have made the list of improvements, like electronics and telecommunication, ICT, and others.
New Zealand’s number 8 wire is one of the best examples that hints at finding great and creative solutions to different problems related to communication and digital improvements. The project aims at driving and meeting new individuals who also consider market viability on a national and international scale.
Revolutionary automation sectors
Automation is the future of technology which will assist in different ways to complete tasks and reduce human interventions with machines, significantly enhancing productivity.
The use of RPA is one of the most innovative arenas to enhance New Zealand’s technology and business. Since it is a highly productive country, this rise in RPA has increased business productivity and set an innovative wave in the field of business and automation over the years.
The introduction of robotics has also played a significant role in enhancing technological operations in business, which helps develop a competitive advantage to exchange robots and humans at work.
New Zealand’s value-added technology
This is another technological wave that has improved the way people understand and run technology in New Zealand. It has significantly improved the consumer business where the consumers can expect better and faster delivery of services and decreased check out time. Such excellent quality of customer service aids in sustained business growth.
Other developments in technology that have put New Zealand on the growth radar are:
- Wrist bands for children traveling alone, for their guardians and parents to manage the child’s health
- Mobile application for people traveling from one country to another
- Hands-free applications to check airports, fight times, and perform other operations that humans generally perform
- Chatbox and other bots which works on artificial intelligence
The Growth of the Internet in New Zealand
Internet is one of the essential services in any country, and citizens of New Zealand follow the same. According to recent reports, nearly 94% of the population in New Zealand has access to internet services, which started in 1989. During this time, New Zealand is home to lakhs of broadband connections that are serving their purpose in the public and private sectors. The different types of broadband internet connections in New Zealand include:
- Fiber-to-home connection (FTTH)
- Digital Subscriber Line (DSL)
- Cable internet
- Mobile internet
- Satellite broadband
- Fixed internet
Many big companies like Chrous Limited, Christchurch, Kapiti, and Wellington are responsible for delivering internet services and connections to the people. They also make sure to deliver satellite internet connections to the entire country, thus keeping the Kiwis connected.
According to reports from Ookla in March 2020, the highest fixed broadband speed is 110.72 Mbits/s, with an average speed of 70.32 Mbits/s. In recent years, New Zealand’s government has been raising funds to develop fiber internet connections for at least 80% of the country’s population.
Different internet Retail services in New Zealand
The different types of retail internet connections in New Zealand are mentioned below:
DSL
These are the telephonic infrastructures owned mainly by a company called Chrous, which offers the best copper phone connections for all phones in the country. The connection is sensitive to distance and makes use of data transfer caps.
Fiber connections
Most urban areas of New Zealand depend on fiber networks for their connectivity. In recent years, most of the fiber connections have been built on GPON technology, considered efficient, low-cost, and the most reliable. This technology is also used to build Google fiber connections.
Cable connections
After fiber connections, cable connections are most widely used by people in the country, which helps them drive a decent amount of coverage and keep in touch with their loved ones through internet applications.
Mobile connections
Aside from many others, New Zealand has three main physical mobile networks: Vodaphone, Spark, and 2degrees. Most of the country’s population relies on these networks for their internet services, and nearly 90% enjoy their services to the fullest.
Fixed Wireless
Some of the companies mentioned above, like Vodaphone, also offer fixed wireless services to the people in the country and other realities. People in urban areas mainly use them, some of whom also use the unlimited and latest 5G plans. In recent times, they have also started covering rural areas by providing excellent network connectivity to them.
Satellite connections
It is one of the most extensively stretched connections across the country from Wireless Nation, farm side, and Gravity using JCSAT-3A.
Dial-up connection
Although only 12%-1% use this type of connection in New Zealand, it is still worth mentioning, as it marked the beginning of developing internet connections in New Zealand.
A Walkthrough on New Zealand’s High-Tech Sector
The robust technology used in New Zealand has helped them build one of the most significant digital infrastructures in the import-export market and is also helping them in trading and other business. Due to their immense dedication to the development of technologies, they are also called the world’s best trading nation.
AJ Hackett Bungy
If you’re a fan of Bungy Jumping, you ought to know that this recreational activity was created by a New Zealander, AJ Hackett, inspired by a tradition in Vanuatu. He created elastic bands which helped people safely jump off a place from a height. He was the first to jump off the Eiffel tower in 1987, post which the activity received immense popularity. It is one of the most prominent and earliest examples of how technology has improved over the days in New Zealand.
The technological sector of New Zealand
Various factors have influenced new Zealand’s growing business services and products, among which ‘BYOD’ or Bring Your Own Device is one of the most booming ideas which has increased the way companies work and helped enhance their productivity in businesses.
This technology is targeted towards tablets and smartphones and how people can utilize their time efficiently to get the maximum benefit. They also allow users to run simultaneous businesses, work on stock markets, and monitor their productivity.
One significant factor that helps the Kiwis connect with the high-tech sector is the internet. The increase in companies that produce broadband communication channels has drastically changed how businesses and companies run in the country.
Many IT initiatives have also risen in New Zealand, which not only helps private companies and government sectors to deliver high-speed internet communications to schools in rural areas. This helps improve the quality of education and delivers the best to enhance the nation’s economic value.
Information technology in New Zealand
Implementing different technologies in the IT sector has helped people successfully run their businesses and the government sector to enhance the country’s economy. For instance, implementing projects like intelligent cities while using technologies like the Internet of Things has also helped develop the economy. It is also one of the primary building blocks to connect different countries.
Computer technology has also been introduced in several schools across the country, which has relatively increased the rate of literacy, which in turn helps in socio-economic development in the international market.
Information technology is utilized in different schools and universities to help deliver long-lasting education to students, which will ultimately help the country’s growth and development.
The government has undertaken many projects to help them build the technological infrastructure the country aims to build by the end of 2050. This will put them back on the radar for international recognition for innovation.
New Zealand’s Latest Digital Transformation Strategy
Digital transformation is all around the world, and the world is slowly becoming a slave to technology. While many downsides exist, the advantages of developing technology are taking over the world. Among many countries that have been dedicated to developing new technologies, New Zealand is one that has gained immense popularity in the field.
Digital transformation structure in New Zealand
The country’s government focuses mainly on developing a stable digital infrastructure which can also help contribute to the environmental outcomes and fit for future purposes. Many steps have been taken on this road to ensure that the strategy is meaningful and the outcome is realistic while keeping the environment and the effects in mind.
The digital infrastructure of New Zealand plays a significant role in developing sustainable technologies, which helps in capitalizing the opportunities and also addresses the deficit of the environmental outcomes. The government of New Zealand is also taking steps to monitor the framework and its strategies to deliver a meaningful and realistic plan. Implementing it is necessary to ensure the country’s long-term success, which will also have significant consequences when it needs to go in the right direction.
According to a report, the digital transformation and the strategies implemented for it in New Zealand will help boost the economy by $47 billion per year by the end of 2030. The three main implementations for the technology include:
- Supporting the adaptation of technology in New Zealand’s key industries
- Promoting different types of digital exportation opportunities
- Upskilling the people and encouraging new talents to promote various digital transformation strategies.
The report also discussed the popular digital transformation strategies and technologies which will ensure the upliftment of New Zealand’s economy in the near future. They include:
- Artificial Intelligence (AI) which will help in public health interventions
- Mobile networks like 5G to digitize communications
- Internet of Things to help in supply chain tracking and other businesses
Advantages of implementing the latest digital transformation strategies
These technologies are meant to deliver the following advantages to the people and the country as a whole:
- Accelerate the country’s digital economy hence, set new and innovative standards in the market
- Increase people’s access to different public and personalized services with the use of technologies like telemedicine and telehealth services
- Participate in different technological seminars from across the world and involve in building a trustworthy infrastructure
- Build and increase trust in building a transparent and inclusive government
The Era of Artificial Intelligence in New Zealand
Artificial intelligence is one of the booming concepts in the technology-driven world, which is currently helping shape the entire world and driving them to a more technology-driven world. From developing intelligent cities to integrating them into everyday lives, it is slowly taking over the world. New Zealand is also one of the developing countries to implement the best use of this technology in different sectors of their business.
Although there is no constant infrastructure which to support the nationally coordinated AI policies of New Zealand, most strategies and structures are pointing in the direction of its extensive use in the near future.
Adoption of AI in New Zealand
The growing popularity of Artificial Intelligence has driven the country to adopt and deploy various Artificial Intelligence related technologies in various sectors like agriculture, financial services, transportation sectors, retail, and others. According to different surveys conducted on the topic, nearly 20% of the top NZ organizations have already started to adopt different ways to implement the technology in real-time. Nearly half of them are from the telecommunication and information media industries.
Some of the most popular implementations are as follows:
- Enhancing business processes with the use of various Machine Learning algorithms aids in better business processes
- Augmentation of the current applications which leverage cloud services in the current applications
- Robotic process automation (RPA) software to smoothly handle the process of online billing and transactions
- Cybersecurity for data protection on the Internet
- Automated chat boxes and digital employees to help in consumer services
Driving the AI uptake in New Zealand
It is a no-brainer that New Zealand is one of the top countries to develop and employ different technologies and experiment with their outcomes to enhance their economic income. The competitive pressure in the job and the economic market has forced NZ businesses to implement technologies like Machine Learning and Artificial Intelligence. The five main drivers of the adoption of AI for businesses in New Zealand are:
- Making sense and segregating vast amounts of data
- Automate tedious, dangerous, and monotonous tasks
- Support the process of decision-making with utmost speed and accuracy
- Reducing the costs of business with the help of automation technologies
- Optimize different business processes wherever necessary
However, despite the apparent need to include Ai technologies in the industries and businesses driven by New Zealand, certain vital factors should be considered before implementing it as a whole in the system.
- Accelerating its research and studies in top universities to educate students about its working and implementation
- Encouraging better national coordination
- Increase investments in different R&D infrastructures from the government