The digital world is exploding and fusing with the real world, with sensors everywhere and actuators anywhere. In the last two years, there was more data produced globally than in all of history. The volume continues to grow exponentially, and this will result in massive economic and societal disruption.
Kevin Kelly [the founding Executive Editor of Wired Magazine] explains the shift like this: “The next 20 years are going to make the last 20 just pale. We’re just at the beginning of the beginning of all these kinds of changes. There’s a sense that all the big things have happened, but relatively speaking, nothing big has happened yet.”
According to Accenture, 87% of companies think they will be disrupted in the next 5 years–and yet only 7% have a plan. Where there is confusion there is opportunity, not only for large corporations and governments but also for small and medium business.
What could be the role of government in this transformation? How can policy enable and enhance the opportunities and minimise risks to Australian business?
This project aims to start the discussion around these questions through scenarios that explore how the digital transformation might unfold over the coming decade.
Technology foresight and scenario planning can help Australian governments, companies, industries and communities facing digital technology disruption respond proactively.
This project involves identifying global trends in the digital economy, as well as emerging potentially disruptive digital technologies for Australian business. It will utilise relevant techniques and methods for technology foresight to help government understand the issues and identify strategy and policy responses.