Australia sitting on $315bn digital opportunity: Data61

By on 19 September, 2018

A report commissioned by CSIRO’s Data61 has found that $315 billion in gross economic value could be realised in Australian digital innovation opportunities over the next decade.

The report, by AlphaBeta Advisors for Data61, identifies and highlights strategic opportunities for Australia to develop data-driven industries while improving collaboration between industry and research.

Adrian Turner, CEO at CSIRO’s Data61, said that every sector of the global economy has been re-defined as a result of digital science and technology and the extensive use of data.

“This next digital wave to revolutionise existing industries and create entirely new ones is ours to capture. But the opportunity is perishable if we don’t collectively take action now,” he said.

“Progressive data-driven organisations are investing in four core areas to realise value from data; data capture, management, analysis and taking action with it. Combining this data with domain expertise, in areas like healthcare, agriculture and mining, is where we can create an unfair advantage.”

Eight high-potential opportunities for Australia in digital innovation are highlighted in the report, which assess them to be worth $155 billion annually in the Asia-Pacific region over next decade: precision healthcare, digital agriculture, data-driven urban management, cyber-physical security, supply chain integrity, proactive government, legal informatics, and smart exploration and production.

The Digital Innovations report can be downloaded from Data61’s website.

Stay up to date by getting stories like this delivered to your mailbox.
Sign up to receive our free weekly Spatial Source newsletter.

You may also like to read:

, , , , , , ,


Sign up now to stay up to date about all the news from Spatial Source. You will get a newsletter every week with the latest news.

  • This field is for validation purposes and should be left unchanged.
Spatial Digital Twin helps track mouse plague
Landholder sightings of mice are now in the NSW Spatial Digi...
Precise positioning is unleashing innovation
Australia’s National Positioning Infrastructure Capability...
Geoscape partners with GeoX for AI boost
Geoscape Australia will use GeoX’s machine vision and deep...
NT aims to tap into US$43b drone industry
The Territory sees itself as being ideally placed for activi...
C.R. Kennedy becomes distributor for Matterport
Matterport develops hardware and software for reality captur...
Wingtra launches the WingtraOne GEN II
Wingtra has announced the availability in Australia of the W...