The race for new ICT developments and innovation is heating up, with New Zealand businesses requiring access to capital to compete internationally.
Outlined during a speech to the Telecommunications and Broadband Summit, Labour’s ICT spokesperson David Parker believes New Zealand must maximise its share of new niche technologies and innovations “before someone else seizes the opportunity”.
“Software opportunities are being rapidly exploited around the world,” Parker says.
“The sensor technology, positioning systems and robotics needed to automate many other spheres of activity already exist.”
For New Zealand to succeed, and to maximise the country’s share of these global opportunities, Parker believes the nation “must better allocate our precious investment capital, instead of encouraging speculation in property”.
“The opportunities opened up by the ICT revolution are jewels which our competitors overseas are chasing too,” he claims.
“The Government’s refusal to fix this problem is costing New Zealand billions and billions of dollars in forgone wealth.”