Transurban’s Strategic Embrace of Digital Technology

The Australian Financial Review interviews Transurban Group senior executive Lisa Tobin about the company’s strategic embrace of digital technology as a means of improving current operations such as traffic monitoring and toll collection, and to prepare for the emergence of connected vehicles that exchange information with each other and the surrounding infrastructure. The article notes that over the past several years Transurban’s technology team has grown from 80 to about 500 employees and Tobin’s annual budget has increased from AUD 22 million to AUD 250 million (US$174.4 million), “excluding specific investments in big projects.”