Tech News

Tech Business News

  • Home
  • Technology
  • Business
  • News
    • Technology News
    • Local Tech News
    • World Tech News
    • General News
    • News Stories
  • Media Releases
    • Tech Media Releases
    • General Media Releases
  • Advertisers
    • Advertiser Content
    • Promoted Content
    • Sponsored Whitepapers
    • Advertising Options
  • Cyber
  • Reports
  • People
  • Science
  • Articles
    • Opinion
    • Digital Marketing
    • Gaming
    • Guest Publishers
  • About
    • Tech Business News
    • News Contributions -Submit
    • Journalist Application
    • Contact Us
Reading: Australian govt agencies, banks and insurers impeded by data decision gap
Share
Font ResizerAa
Tech Business NewsTech Business News
  • Home
  • Technology News
  • Business News
  • News Stories
  • General News
  • World News
  • Media Releases
Search
  • News
    • Technology News
    • Business News
    • Local News
    • News Stories
    • General News
    • World News
    • Global News
  • Media Releases
    • Tech Media Releases
    • General Press
  • Categories
    • Crypto News
    • Cyber
    • Digital Marketing
    • Education
    • Gadgets
    • Technology
    • Guest Publishers
    • IT Security
    • People In Technology
    • Reports
    • Science
    • Software
    • Stock Market
  • Promoted Content
    • Advertisers
    • Promoted
    • Sponsored Whitepapers
  • Contact & About
    • Contact Information
    • About Tech Business News
    • News Contributions & Submissions
Follow US
© 2022 Tech Business News- Australian Technology News. All Rights Reserved.
Tech Business News > Reports > Australian govt agencies, banks and insurers impeded by data decision gap
Reports

Australian govt agencies, banks and insurers impeded by data decision gap

Matthew Giannelis
Last updated: July 10, 2023 6:39 pm
Matthew Giannelis
Share
SHARE

New research unveiled today by Quantexa reveals only four per cent of Australian government agencies have a complete single view of citizen data, while 36 per cent rely on outdated data management processes that hinder governments from automating decision making.

The independent Data in Context research report, featuring findings from in-depth interviews with government decision-makers, highlights many agencies face a data decision gap – the inability to combine internal and external data to drive trusted operational decisions.

According to the report, only eight per cent of Australian government agencies have established a data-centric culture to drive strategic decisions, although 48 per cent have sufficient data analytics capabilities to provide a comprehensive and trustworthy context for most decisions.

When it comes to operational decision making, a mere four per cent have a rich, single view over internal and third-party data to support complex processes, while the majority (64 per cent) are struggling with unreliable data that is often inaccurate and incomplete.

Despite the hurdles they currently face, respondents identified the potential benefits of improved data management and analytics in the context of COVID-19 recovery as: a better understanding of a changing citizen landscape (52 per cent); mitigation of increased fraud and criminality (48 per cent); and situational awareness (44 per cent).

“Australian government agencies have unquestionably expedited their digitisation efforts over the last five years, creating vast volumes of data in the process. However, there’s a gap between the data they have, and their ability to harness it to make decisions that truly benefit those agencies and their stakeholders, including Australian citizens,” said Shaun Mathieson, Regional Vice President Asia-Pacific (APAC), at Quantexa.

“As a result, Federal, State and Local government departments are facing huge challenges in their ability to automate decision-making, to manage regulatory change to assess fraud risk holistically, and to provide the seamless digital experience their citizens expect.”

Quantexa’s research found several major side-effects to existing approaches to data management. These include: hesitation to automate decision-making (felt by 68 per cent), regulatory scrutiny and compliance issues (56 per cent), incomplete view of risk in areas like credit and supply chain (44 per cent), and a lack of citizen insight (40 per cent).

Government decision-makers indicated the main challenges their agencies need to overcome to establish a strong data management foundation include the inflexibility of data models (experienced by 48 per cent of respondents), reliance on resource-intensive manual processes (44 per cent) and long lead times to onboard data into their digital environments (44 per cent).

When asked what improvements in data management would enhance decision-making within their agency, 64 per cent stated creating a shared data platform, while 60 per cent noted a need to improve master data quality.

In the next two years, agencies will turn to data and analytics strategies to: improve data quality (48 per cent); improve operational team efficiency (48 per cent); and build an improved, 360-degree view of data (44 per cent).

Mathieson added, “Data has fast become an invaluable asset as Australia continues to digitalise and government agencies at all levels invest in digital services, but overcoming the existing data decision gap is a crucial step in optimising investments. Grasping the challenges associated with mounting data volumes has paved the way for Contextual Decision Intelligence (CDI), which evolves traditional approaches to data by connecting every datapoint within an organisation, as well as external data sources.

“With connected information, governments are almost immediately able to create a complete and accurate view of their operations and stakeholders within concise, centralised oversight. This means they have real-world intelligence for informed decision-making.”

ByMatthew Giannelis
Follow:
Secondary editor and executive officer at Tech Business News. An IT support engineer for 20 years he's also an advocate for cyber security and anti-spam laws.
Previous Article Bloch chain NFTS What’s the next big blockchain craze?
Next Article Backoffice Business automation New findings show CFOs look to automation to improve team satisfaction, not to replace them
Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Data Gap

Tech Articles

The Growing Crisis of Space junk and Debris

Space Junk Is Becoming One of the Biggest Threats to Modern Spaceflight

More than 33,000 tracked objects now orbit Earth at speeds…

May 8, 2026
Top Big Tech Companies 2026

The Big Tech Companies Actually Winning In 2026 — And Numbers That Prove It

Top tech companies in 2026 included AppLovin, AWS, Microsoft, Meta,…

May 20, 2026
The Internet’s Best Blogs Didn’t Vanish — They Were Stripped for Parts by SEO Parasites

The Internet’s Best Blogs Didn’t Vanish — They Were Stripped for Parts by SEO Parasites

How some of the internet’s best independent blogs were quietly…

June 3, 2026

Recent News

Twitter Research Australia
Reports

Twitter Reveals 63% Of Young Australian’s Say Politician’s Online Actions Will Influence Their Vote 

4 Min Read
Hybrid Teams Report
Reports

Remote and hybrid teams investing in workplace culture see increases in productivity

5 Min Read
Cisco Reportes Third Quarter Revenue $14.6 Billion - Tech News
Reports

Cisco Reports Third Quarter Revenue Earnings Surpassed Expectations of $14.6 Billion

2 Min Read
M-Files achieves record growth tech news report
Reports

M-Files Achieves Record 40% Growth In Customer Sales And Market Momentum In 2022

8 Min Read
Tech News - Technology Business

Tech Business News

In 2026, technology news is shaping business outcomes faster than ever—driven by AI adoption, rising cyber risk, cloud modernisation, data regulation, and constant platform change.
 
Tech News keeps Australian organisations and industry professionals informed with timely reporting and practical coverage across AI, cybersecurity, cloud, enterprise IT, startups, science, people and business, plus major world and local news impacting the tech sector.
 
Tech Business News publishes news and analysis designed to be clear, relevant, and easy to act on. It supports the industry with technology news reports, whitepaper publishing services, and a range of media, advertising and publishing options 

About

About Us 
Contact Us 
Privacy Policy
Copyright Policy
Terms & Conditions

June, 14, 2026

Contact

Tech Business News
Melbourne, Australia
Werribee 3030
Phone: +61 431401041

Hours : Monday to Friday, 9am 530-pm.

Tech News

© Copyright Tech Business News 

Latest Australian Tech News – 2026

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?