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Australia - Digital Economy - Sector and Industry Transformations

  • May 2015
  • -
  • Paul Budde Communication Pty Ltd
  • -
  • 32 pages

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.

Table Of Contents

Australia - Digital Economy - Sector and Industry Transformations
1. Synopsis
2. Introduction
3. How to better balance the Federal Budget?
3.1 May Budget 2015
4. The digital economy what is at stake?
4.1 The size of the digital economy
4.2 The effects of the digital economy are all around us.
4.3 Commercial Sectors
4.4 Global competition
4.5 Healthcare
4.6 Education
4.7 ICT Investments needed
5. Lack of vision politicians absorbed by costs of ageing economic models
6. Government misses out on developing a smart economy
7. Australia's two-tiered economy
8. Australia's digital transformation is underway
8.1 National Broadband Infrastructure
8.2 Cloud computing, Big Data, M2M
8.3 The need for digital productivity
9. Developed economies not ready for an ICT-driven recovery
10. ICT tools can provide $8 billion of annual savings
11. Transformation based on smart infrastructure
12. Selected Industry and sector transformations
12.1 Government Transformation
12.2 Digital Technology transforming the mining sector
12.3 Transformation of the energy market
12.4 Digital economy transforming the banking industry
12.5 Omni-channel changing Retailing
12.6 Book Industry
12.7 The transformation of the disability sector
13. Statistical information and economic benefits
13.1 The impact on the economy
13.2 The thousands of unreported benefits of high-speed infrastructure
13.3 Digital Australia statistical findings
14. Secrecy and incompetence undermining the digital economy
14.1 Dysfunctional policies
14.2 TPP secrecy in politics continue
14.3 Data retention policy more risks than gains?
14.3.1 The aim of the proposed legislation
14.3.2 The internet tax
14.3.3 Security risk could be higher than its gain
14.3.4 New laws more harm than good
14.3.5 Analysis early 2015
15. Other Reports
Exhibit 1 - How does broadband relate to economic development?
Exhibit 2 - Key ICT business tools

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