Now that the dust has settled on the 2021–22 federal Budget, here is a brief overview on what is in it for the tech sector. While there were many positives in the federal Budget 2021, I will gladly support the more cautious and collective shrugging of the shoulders by the technology sector. The technology industry received $1.2bn funding support — from this around $500m goes to two federal government projects. That leaves $700m for everything else. Considering how much everything costs in the tech sector, it is a relatively small funding pie.
There appears to be a somewhat schizophrenic collective opinion when it comes to Australian ICT skills. On one hand, we have reports that paint a negative picture in regards to the lack of adequately trained and skilled local (Australian) ICT workers. If those reports are to be believed, it would appear that Australia is lagging significantly behind the rest of the developed world in terms of critical IT skills (eg, cybersecurity). On the other hand, we regularly see data that talk to the world standard of our university degrees and the high number of international students who are flocking to them, with IT and technology disciplines regularly being in high demand.