Who will survive in the digital future? As Australia's digital economy to be worth $1t in 2050
Posted in: Internet Use/New Technologies at 15/06/2012 14:12
A report into Australia's digital future has predicted the demise of traditional media as the digital economy expands.
The report, A Snapshot of Australia's Digital Future to 2050, lists the winners and losers of what it calls "the new utility" - high-speed broadband available everywhere on computers, mobiles and wirelessly, coupled with advanced analytics and computing systems.
And it says Australia must shift from exporting its natural resources to exporting so-called "developed resources" - health, education, tourism and business services.
To continue reading this ABC News article, go to:
$1 trillion ICT economy boost by 2050
The advances of digital technology and high-speed broadband services will help grow the national economy by more than $1 trillion by 2050 according to a new report commissioned by technology giant IBM.
The report, titled "A Snapshot of Australia's Digital Future to 2050", says industries with traditionally low levels of productivity like mining, health care, and public administration stand to benefit the most from advances in ICT, but at least 15 other industries including free-to-air television and newspaper publishing could be wiped out by the advance of digital technology by 2050.
Aussie broadband to make a trillion in 2050
By 2050, ubiquitous high-speed broadband will generate around $1 trillion in revenue and reverse Australia's productivity decline, according to a new report commissioned by IBM Australia.
Speakers at the launch of A Snapshot of Australia's Digital Future to 2050, in Sydney yesterday, blamed any reluctance to embrace high-speed broadband, as embodied in the National Broadband Network (NBN), on fear, a lack of perspective and a lack of leadership.
A Snapshot of Australia's Digital Future to 2050
Thank you for your interest in A Snapshot of Australia's Digital Future to 2050 report.
A world-first, the report reveals information and communications technology (ICT) enhanced with ubiquitous high-speed broadband is becoming Australia's new utility - as historic and game changing as electricity or telephony.
Written by Phil Ruthven, Founder and Chairman, IBISWorld, and commissioned by IBM, the report looks ahead of existing research to examine how Australia can harness this new utility to transform our lives, our cities and the way we interact.
The report rates all Australia's industry classes (509) against the impact of the new utility. Ruthven and his extended Industry Impact Panel assessed the prospects of the 509 classes of industry in the Australian economy over the next 40-50 years.
The report predicts that 10 per cent of Australia's 509 industries, accounting for 23 per cent of the nation's revenue, will not function without this new utility. A further 23 per cent of industry revenue will use it to drive step-changes in their business. 15 industry classes are likely to demise if they do not reinvent themselves to embrace the digital future; and some may simply be unable to do so.
The report finds that Australia will no longer be known for its dependency on the export of natural resources over the next half century. It will become known as much an exporter of services such as tourism, business services, health and education services. The export of tourism alone could match the 2012 mineral exports totalling around $175 billion by 2030.
Find out how these findings will help you and your organisation prepare for the digital future.