In recent years, the rapid rise in the use of technology has had a significant impact on the Australian workforce. It has generated increased opportunities but also risks. The Australian Government aims to make Australia a leading digital economy by 2030. They recognise the role data plays in driving economic growth and innovation. Embracing technology ensures that Australia remains competitive on the world stage.
It’s estimated that digitalisation could bring up to $315 billion to the Australian economy over the next decade. It could also result in the creation of a quarter of a million new jobs.
Digitalisation can be a useful tool for improving productivity by facilitating innovative solutions to problems.
The digital economy is rapidly expanding, and the COVID-19 pandemic exacerbated this trend. For example, it resulted in the widespread adoption of working from home.
Data has emerged as a vital asset. Companies that can collect and monetise data have gained a significant advantage.
In relation to the digital economy, the government has several current focuses, including:
- Digital Services: Streamlining and improving online services to ensure they are accessible, user-friendly, and responsive. This involves investing in new technologies to better meet the needs of citizens.
- Data Management: Developing a comprehensive data strategy to maximise the value of government data. This includes improving data quality, enhancing data sharing and accessibility, and ensuring privacy and security. The goal is to use data to inform policy, drive innovation, and support evidence-based decision-making.
- Cybersecurity: Strengthening the security of digital infrastructure and data to protect against cyber threats. This includes implementing advanced security measures, conducting regular risk assessments, and promoting a culture of cybersecurity awareness. In addition, the government is currently placing a strong emphasis on growing Australia’s cybersecurity industry and workforce.
- Digital Skills and Inclusion: Ensuring Australians have the digital skills needed to participate fully in the digital economy and society. This involves investing in digital literacy programs, improving access to digital tools and services, and addressing the needs of vulnerable populations.
What are the impacts of this?
The shift towards a digital economy has had a widespread impact on society, including:
· Inequality: Access to digital technology is not always evenly distributed. In Australia, about 2.4 million Australians currently do not have access to the internet. In a digital economy, individuals and businesses without access to digital technology are likely to be left behind.
· Privacy: Increased technology use also leads to data privacy issues. It is up to the government to regulate the use of data.
· Communication: Technology has also affected how people communicate and engage with each other.
Are you ready?
To maximise your chances of career success, you need to embrace digital technology and the benefits and opportunities it offers. Many graduates do not have the skills required in today’s data-driven world. While 69% of Australian workers say they are willing to upskill for the digital economy, only 28% say that they have received the necessary training for the digital economy. Workers need to adapt by gaining skills in digital literacy, programming and data analytics. In its commitment to the digital economy, the government has invested significantly in digital skills training programs to ensure the workforce is equipped for the future.
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5. Trade.gov (20 September 2024) Australia – Country Commercial Guide, Trade.gov, accessed 23 September 2024.