With more industries relying on digital infrastructure, should kids have more education around computers and coding as a national standard? Why?
We’re entering the era of Industry 4.0, where emerging technology fields such as data science, data analysis, machine learning, artificial intelligence, the Internet of Things and edge computing, user experience, user design and cyber security, not to mention software engineers for areas like blockchain.
So education around computers, and an understanding of computer code, is essential for our kids in order for them to get 21st Century jobs. While programming is great and fulfilling in bringing something to life, this doesn’t mean that students will be only programmers. It is about understanding computational thinking, problem solving and logic, how to build systems that automate and create best of breed digital experiences for a customer base. These are skills that will attract the higher paying jobs of the digital economy, and be the basis for sprouting new companies from Australia’s entrepreneurs.
It’s also critical for Australia’s economic competitiveness for our workforce to have these skills.
How well equipped is Australian legislation for the wave of IoT devices set to come online over the next 10 years? Where are tweaks needed?
There’s a long way to go however there are some areas where Australian governments have moved quickly with legislation like the Consumer Data Right and a lot of work being done around privacy and data sharing. The spread of smart devices is going to present a range of challenges for legislators and the law, but this isn’t just an Australian problem, it’s a global issue.
Legislation will always lag given the veracity of technological developments, so it is important that legislation implements a risk-based principles approach so that it doesn’t date quickly.
How can automating regulatory requirements for different sectors (i.e. finance) boost productivity, unlock new digital industries, and create jobs?
Automated regulatory requirements, also called ‘rules as code’ is going to become common in the near future. The fintech sector is one sector pushing hard for this where having regulations and legislation in a computer code form will help simplify compliance, improve customer service and open markets to new startups.
What is needed in Australia to help businesses scale up successfully? What is needed culturally and in policy to create the next Atlassian or Wisetech Global?
There are a range of areas, probably most important at this stage is clarity and certainty around programs like the R&D concessions and EMDG grants. If investors and business owners have confidence around these schemes, they can make plans and grow faster.
We also need the private sector to step up, particularly with investment where a funding ‘valley of death’ exists for fasting growing companies exists when they pass a certain point. That’s why ACS has proposed a scheme were superannuation managers allocate a proportion of their funds to high-growth scale-up businesses.
What impact will 5G networks have on the productivity of businesses that are web-hosted or deal with a high volume of data (i.e. game design) in Australia?
Mobility is already critical to modern business and 5G promises to revolutionise that further. Just as 3 and 4G networks changed how business and home users connect, we can expect 5G to deliver even greater benefits.
How important is access to a global talent pool to grow the innovation potential of Australian companies?
Global talent is essential for not only high-growth Australian companies, but the entire economy. No country has all the skills they need for their technology sectors and Australia is no different. There will always be a need to be open to importing people who have the scarce skillsets needed by local industries to stay globally competitive.