Australia is at risk of falling behind technologically advanced nations unless it increases investment in digital technology-based research and innovation, according to a summary by the Australian Academy of Science and the Australian Academy of Technology and Engineering. While countries like the USA, UK, France, and Canada prioritize digital technologies to enhance competitiveness in the digital economy, Australia lags behind with only 7.4% of its GDP dedicated to digital innovation, compared to the OECD average of 11.2%. The Australian Academy of Science urges the Australian Government to make emerging digital technologies a national science and innovation priority, emphasizing the need to recognize digital technologies as a distinct growth sector. It recommends inclusion in the 2021 Research Infrastructure Roadmap and addresses the importance of developing scientific capabilities to stay ahead in the evolving digital landscape. The article also highlights the potential disruption caused by emerging technologies like AI, IoT, blockchain, and 5G, emphasizing the need for strategic support and addressing the looming shortage of digitally-skilled workers. This summary underscores the importance of equitable access to digital benefits and skill development for a competitive digital future.
