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Australia - Digital Economy - Sector and Industry Transformations

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Australia - Digital Economy - Sector and Industry Transformations

The digital economy began to take hold a decade or so ago, and some organisations were fast to react to it, while others were slow. The naysayers saw the impact of the internet on their business as a fad that would soon fade away; others, such as Google, Amazon, Facebook and Yahoo, saw it as the new business model.

A decade later it is clear who was right and who was wrong. The digital economy is here to stay and those who fail to participate will become the road-kill on this superhighway. One of the real threats to traditional business is that those who are embracing the digital economy have a real chance to grow their business faster and thus widen the gap between the winners and the losers.

The government sector is also at a crossroads here. Because of their large share in the economy and in national ICT spending governments can drive transformation and innovation in the national economy. Furthermore, like the business market, governments have to face the reality of transformation. For example, the healthcare sector is rapidly approaching a fiscal cliff. Costs attached to healthcare have grown to a completely unsustainable level.

Only through digital transformation can we afford to maintain our hard-earned lifestyle.

All of these issues are discussed and analysed in detail in this report.

1. Synopsis
2. Introduction
3. The digital economy what is at stake?
3.1 The effects of the digital economy are all around us.
3.2 Commercial Sectors
3.3 Global competition
3.4 Healthcare
3.5 Education
3.6 ICT Investments needed
4. Lack of vision politicians absorbed by costs of ageing economic models
5. Australia's two-tiered economy
6. Australia's digital transformation is underway
6.1 National Broadband Infrastructure
6.2 Cloud computing, Big Data, M2M
6.3 The need for digital productivity
7. Developed economies not ready for an ICT-driven recovery
8. ICT tools can provide $8 billion of annual savings
9. Transformation based on smart infrastructure
10. Selected Industry and sector transformations
10.1 Government Transformation
10.2 Digital Technology transforming the mining sector
10.3 Resource and energy management are hot issues all around the world
10.4 Digital economy transforming the banking industry
10.5 Omni-channel changing Retailing
10.6 Book Industry
10.7 The transformation of the disability sector
11. Statistical information and economic benefits
11.1 The impact on the economy
11.2 The thousands of unreported benefits of high-speed infrastructure
11.3 Digital Australia statistical findings
12. Other Reports
Exhibit 1 - How does broadband relate to economic development?
Exhibit 2 - Key ICT business tools

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