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The Digital Revolution: A Survival Guide

The Digital Revolution: A Survival Guide

Paperback

Series: In the National Interest

Business GeneralGeneral Political Science

Publisher Price: $19.95

ISBN10: 192246421X
ISBN13: 9781922464217
Publisher: Monash University Publishing
Published: Apr 1 2021
Pages: 96
Weight: 0.30
Height: 0.30 Width: 5.00 Depth: 7.70
Language: English

The Fourth Industrial Revolution, the digital disruption of business by the information and communications sectors, is well underway in Australia and around the globe. The COVID-19 pandemic has only accelerated the pace of change. We are witnessing a proliferation of new platforms and new markets, with AI replacing human expertise - we are seeing the transformation of the firm, how we work and the nature of society. These seismic changes are all impacting the global distribution of economic growth and income. And alarmingly, among the OECD economies, as a share of GDP, Australia's ICT sector is around half the average, and falling further over time - it is second-last, only above Mexico. Given the scope and speed of change, Australia is now confronted by a stark choice between becoming a tech innovator, and so a producer of economic profits and high-paying jobs, or stagnating. We are at a crossroads, and our policy choices today will determine whether we remain one of the wealthiest and happiest nations in the world, or see our global position continue to slide.

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General Political Science