Last week, Optus and Cisco announced plans to accelerate the development of new technological capabilities to support Australian business and government to become more agile in the innovation economy.
Jointly, we are investing $12M over three years, to develop local capabilities in cyber security, cloud, the Internet of Things (IoT) and the network of the future.
In an era where digitisation is having a major impact across all industries, I think that start-ups and innovation centres can help drive the new capabilities needed to respond to the opportunities this creates. So I’m excited that this investment with Cisco, along with others we’ve made in start-up hubs like Fishburners and Stone & Chalk, demonstrate our commitment to supporting Australian government and enterprises in adapting to a changing landscape.
Coming hot on the heels of our sixth year as a platinum sponsor of Cisco Live, this announcement further strengthens our partnership with Cisco. Innovation is a key pillar in the national agenda and our alliance will play its part in equipping Australian business and government as they respond to changing customer needs and market forces. Optus and Cisco's combined strength will support the development of new solutions that will have an impact on Australia's future economy. I'm thrilled to be part of it.