Digital Economy

What is the digital economy?

The term ‘digital economy’ describes the range of economic and social activities that are enabled by information and communications technologies. It includes activities like banking, buying and selling, and accessing education or entertainment using the internet and connected devices. The digital economy is not separate to the economy. It impacts all industries and business types, and influences the way we interact with each other every day.

We know that rapid developments in technology and science are changing the way we live, work and do business. These changes come with challenges for our industries, jobs and communities. They also present opportunities to increase wellbeing and secure Australian jobs and prosperity.

Digital technologies can also deliver social benefits by supporting social inclusion and helping us to address big challenges like the changing nature of work, protecting our environment, and looking after our ageing population.

Digital Economy Strategy

That is why, on 19 September 2017, the Australian Government announced it will develop a national Digital Economy Strategy.

The strategy will set out how government, the private sector and the community can work together to:

  • build on our competitive strengths and develop new ones by:
    • driving productivity within existing industries
    • taking advantage of the changes in our economy
    • opening up new sources of growth to sustain Australia into the future
  • develop world-leading digital business capability for globally engaged, innovative, high-growth businesses of all sizes
  • drive a culture and mindset that supports lifelong learning, a global outlook, and helps us respond positively to change
  • address the ‘digital divide’ in skills and confidence to help all Australians succeed in a digital economy.

The government will launch the strategy in the first half of 2018, following an open conversation with governments, businesses and the community. To make sure we stay up to date, the strategy will continue to evolve over time.

Give us your views

We want to hear your views on the objectives, opportunities and issues for national Digital Economy Strategy. It’s vital that we have a robust conversation now to work out how best to build on Australia’s existing digital initiatives and make the most of the opportunities presented by the digital economy.

As a first step we have released aDigital Economy Consultation Paper |, which outlines the government’s current digital agenda; the scope for the strategy; and seeks your views on the key issues.

To share your views on the consultation paper or to talk to us in more detail you can:

We’ll be taking feedback on the Consultation Paper until 30 November 2017.

Get in early to be part of the conversation!

 

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