New technology is shaping the future of Australia. New innovations and growing adoption of digital services has led to rapid transformation in almost every sector from manufacturing to healthcare, agriculture to transportation. This change will continue to accelerate in the coming years, which presents a unique opportunity for Australia.
Emerging technologies like Artificial Intelligence, Internet of Things, Mixed Reality and Digital Twins are all examples of emerging technologies that will reshape the economy. Therefore, as a country we need to ask ourselves how can we leverage these opportunities for our own advantage?
How can we ensure that Australian businesses and entrepreneurs remain ahead of the game? And last but not least – how can we begin preparing for this new world today? Join us on November 29th at The University of Melbourne
What is the current state of technology in Australia?
In order to understand how we can prepare for the future, it is important to take a look at the current state of technology in Australia.
According to the government’s Digital Transformation Office (DTO), Australia has seen a rapid growth in the uptake of new technologies. In fact, the number of Australians using the internet has doubled since 2010, and will likely continue to grow.
This growth is being driven by increased availability of high-speed connections and falling costs of data. The number of mobile internet subscriptions has increased by more than 400% over the last 10 years, while mobile data costs have fallen by 90%.
Emerging Technologies That Will Shape The Future of Australia
AI and robotics in manufacturing – Australia has a long history of manufacturing, and a large part of this sector is heavily reliant on robotics and automation. AI is already being used to improve production efficiency, as well as to assist in decision-making within an organisation’s manufacturing processes. Digital transformation and automation are also key trends in the manufacturing sector.
Internet of Things in Australian industries – IoT has been transforming the way we do business for years, and that is likely to continue. From manufacturing to retail, IoT is being used to discover new business insights, improve operational efficiencies and streamline supply chains. However, the next wave of IoT adoption is likely to be driven by new emerging technologies, such as 5G, edge computing and artificial intelligence, which will push Australian tech businesses to the next level.
Merging Virtual and Real Worlds – Mixed reality is a technology that merges the real world with virtual worlds through the use of headsets, such as Microsoft’s HoloLens or an Oculus Rift, and other devices, such as 3D scanners. This technology enables businesses to create a more immersive and collaborative environment, while also improving collaboration between different organisations.
Digital Twins – 3D digital representations of real-world objects – While this technology is still in its infancy, it has the potential to transform supply chain management, maintenance and repair, as well as customer service. Digital twins are 3D representations of real-world objects – and in the case of Australia, this could be anything from a power plant to a car, a building or even cattle. Data collected for these objects can be used to create a virtual copy, allowing organisations to take advantage of the benefits of both the physical and digital worlds.
Extended conclusion
What does this all mean? Well, the future is certainly looking bright. The fact that we are currently in the midst of a rapid technological transformation means that there are opportunities for both businesses and their employees in Australia. This is an opportunity to reimagine business processes, to rethink products and services, and to harness new technologies to solve real-world problems.