IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Australia plans to become a leading digital economy by 2030

$1.6 billion investment includes a new National AI Centre, support for digital skills, and enhanced cyber security

The Australian government is investing almost $1.2 billion AUD (£670 million) in its digital future as part of its strategy to transform the country into a modern and leading digital economy by 2030.

The investment, through its Digital Economy Strategy, includes over $100 million to support digital skills, including a pilot programme for work-based digital cadetships that allow workers to build digital skills, investments in the cyber workforce, and scholarships for emerging technology graduates.

The government is also launching a National Artificial Intelligence Centre through a $124.1 million investment, which will be supported by a network of AI and Digital Capability Centres to drive adoption of AI across the economy.

“This transformation is not merely a national one that needs to happen – it’s a global one that is happening,” said prime minister Scott Morrison. “We must keep our foot on the digital accelerator to secure our economic recovery from COVID-19.”

It also plans to overhaul myGov, a portal citizens can use to access online government services, with a $200 million investment. On top of this, there's a $301.8 million investment into My Health Record, the government’s digital health record system, with a planned expansion of its digital identity system.

The government is also looking to set the standards for the next generation of data management, with a $111.3 million investment to accelerate the rollout of the Consumer Data Right in banking, energy, and telecommunications.

$35.7 million will be spent to support emerging aviation technologies like drones, whereas over $50 million will be used to enhance cyber security in government, data centres, and future telecommunication networks.

The new investment amounts to a spend of roughly 0.06% of Australia’s $2 trillion economy, and will bring spending on the digital economy up to around $2 billion over the 2020-21 and 2021-22 budgets.

This is on top of the $1.67 billion Cyber Security Strategy announced last year, $1 billion for JobTrainer, a scheme that reskills workers who have lost jobs in the pandemic, and a $4.5 billion investment in NBN upgrades, a publicly owned corporation aiming to upgrade the country’s broadband network.

Featured Resources

Big data for finance

How to leverage big data analytics and AI in the finance sector

Free Download

Ten critical factors for cloud analytics success

Cloud-native, intelligent, and automated data management strategies to accelerate time to value and ROI

Free Download

Remove barriers and reconnect with your customers

The $260 billion dollar friction problem businesses don't know they have

Free Download

The future of work is already here. Now’s the time to secure it.

Robust security to protect and enable your business

Free Download

Recommended

US lawmakers warn Apple against using Chinese chips in next iPhone
components

US lawmakers warn Apple against using Chinese chips in next iPhone

23 Sep 2022
Australian telco Optus confirms cyber attack involving potential leak of sensitive customer data
cyber attacks

Australian telco Optus confirms cyber attack involving potential leak of sensitive customer data

22 Sep 2022
Philippine senate to probe incessant surge in text scams
phishing

Philippine senate to probe incessant surge in text scams

8 Sep 2022
US blocks CHIPS-funded companies from investing in China
Policy & legislation

US blocks CHIPS-funded companies from investing in China

7 Sep 2022

Most Popular

The human brain is far more complex than AI researchers imagine
artificial intelligence (AI)

The human brain is far more complex than AI researchers imagine

17 Sep 2022
How to secure your hybrid workforce
Advertisement Feature

How to secure your hybrid workforce

23 Sep 2022
What your hybrid workforce needs from their laptops
Advertisement Feature

What your hybrid workforce needs from their laptops

21 Sep 2022