Australia’s data-driven future will transform economy and workforce [Video]

The rise of data-driven technologies is profoundly influencing global economic trends, labour markets and the future of work.

This transformation is characterised by data becoming a critical asset, the expansion of the digital economy and the integration of automation and artificial intelligence (AI) across various sectors.

Australia, like many other countries, is experiencing significant changes driven by these technologies, affecting its economy and labour market dynamics.

Global economic trends

Data as a commodity: In today’s digital age, data has emerged as a vital asset, comparable to oil in the industrial era. Companies that can effectively collect, analyse and monetise data have gained substantial competitive advantages.

This shift has led to the growth of tech giants and new economic powerhouses centred around data. As I have discussed before, in Australia we are finally changing the parochial approach. We are working towards a digital economy strategy that aims to position the country as a leading digital economy by 2030, emphasising …