Australia Digital Future 2050 Report
A new report (Australia’s Digital Future Report 2050), commissioned by IBM provides a set of predictions on how digital will effect Australian industries and the overall economy by 2050. The report uses the term ‘the new utility’, to describe the combination of ICT, ubiquitous high speed broadband, analytics, learning systems, cloud computing and more that enables our digital future.
The comprehensive report considers all industry sectors in Australia and predicts that digital technologies will underpin future economic growth and productivity for the next 40 years. The key predictions for 2050 are that the new utility will:
• Transform our lives, work and health
• Enable national revenue will grow eight fold from $131 billion (3.3% of national revenue) to $1 trillion (18.8% of predicted national revenue)
• Allow one in four workers to work from home either part time or full time
• Substantially benefit 46% of industries
• Contribute to the demise of 15 industries unless they reinvent themselves