none
none

AUSTRALIAN DIGITAL READINESS AT RISK

06-07-2016
by 
in 

Australia has a long history of technological innovation, but its status as a digital competitor has been falling sharply.

Previously ranked ninth in the world for ‘Networked Readiness’, Australia recovered from a steep fall in 2014-15 to 16th place, but then fell to 18th place during the 2015-16 financial year, dropping below Iceland and New Zealand.

This might not sound like a steep fall, but in the global economy, an increasing number of business models and emerging technologies are heavily reliant on digital infrastructure. 

Australia, which benefits from overseas technological investment (such as Slack's recent move to establish an Australian-based Asia Pacific centre), cannot afford to neglect the growing digital economy. 

The ranking data was collected as part of the annual Global Information Technoogy Report, which delivers information on the digital abilities of countries and economies around the world.

Ai Group Chief Executive Innes Willox said that “despite the NBN roll-out and the efforts from all sides of politics to improve our digital readiness, Australia clearly still has some way to go to regain a place inside the world’s top ten. “

While the status of the NBN (and the political turmoil and delays hampering deployment) may be partially responsible for the lowered ranking, there is also a degree of pressure on businesses.

The larger the push for digital innovation and expansion from the manufacturing, financial and technological sectors, the stronger the message to the government: technological investment is important.

While many initiatives (such as the National Innovation and Science Agenda) are welcomed by the industry, cuts to funding for public scientific research act in direct opposition.

If this trend continues, and Australia falls from the Top 20, the economy could suffer greatly in the long-term.

Related news & editorials

  1. Aussie dollar weaker
    09.01.2018
    09.01.2018
    by      In
    Business confidence in the manufacturing sector is at its highest level since June 2003, according the latest Business Expectations Survey from illion (formerly Dun & Bradstreet).
    “Manufacturing firms that were able to withstand the global financial crisis and the Australian dollar above parity... Read More
  2. 08.01.2018
    08.01.2018
    by      In
    It was supposed to have been the year when Australian manufacturing industry would dig in and somehow or other recover from the setbacks of the closures at Toyota and Holden. But 2017 turned out to be a year of expansion, according to the final figures from the Ai Group’s Australian Performance of... Read More
  3. Export growth
    15.12.2017
    15.12.2017
    by      In
    This week’s Australian Chamber-Westpac Survey of Industrial Trends for the December Quarter contained further good news for manufacturing industry, with continuing solid output, backlogs and new orders. And employment numbers and overtime are both expanding.
    Westpac Senior Economist Andrew Hanlan... Read More
  4. Building infrastructure certification
    13.12.2017
    13.12.2017
    by      In
    Test and certification specialist Bureau Veritas has expanded its footprint in Australia with the acquisition of a 65% equity stake in McKenzie Group Consulting.
    McKenzie Group is based in Sydney with additional operations in Brisbane, Melbourne and Gold Coast. The company offers a range of... Read More