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Tech Council calls for bold tech investment to boost Australia’s productivity

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The Tech Council of Australia (TCA) has issued a call for an ambitious national tech investment target to address Australia’s lagging productivity growth.

The TCA’s latest report, *From Research to Reality: Scaling Tech Investment in Australia*, released today at their National Summit, argues that increasing tech investment could unlock substantial productivity gains and improve economic resilience.

According to the report, raising Australia’s tech investment to 4.6% of GDP could yield an additional $38 billion in GDP by 2035.

Reaching a 6.9% investment level could generate a remarkable $167 billion in productivity growth. This investment includes research and development (R&D) and broader technology adoption, essential to countering Australia’s declining productivity.

TCA CEO Damian Kassabgi explained the urgency of setting a tech investment target for 2035, calling on both government and industry to commit to a shared goal.

“Australians enjoy some of the highest living standards in the world. To ensure we can keep growing, we need to see an uplift in productivity growth,” he said.

“Australia’s productivity growth has been declining for some time, which is one of our most pressing economic challenges. Achieving the level of growth we need to turn this around and see our economy thrive requires greater tech development and adoption.”

“Tech investment enables companies to commercialise their research and create new business models, making our economy more productive and resilient. There are also practical benefits to increased tech adoption, which can accelerate the growth of both small and large businesses.”

Need to tech industry

“The results of this report show how vital tech investment is to our economy and the need for the tech industry, the wider business community and government to work together to create an environment that supports tech innovation and adoption,” said Laura Malcolm, Managing Director for Datacom Australia, a key sponsor of the report.

“The work we’re doing with our customers in the areas of AI, cloud and digital engineering clearly highlights how the smart use of technology can transform operations and performance, so it is critical that tech investment in Australia keeps pace with our global competitors. We’re also very supportive of the report’s recommendations around education focused on technology adoption and managing technology risk.”

With tech investment currently at 3.9% of GDP and projected to fall further, the TCA recommends five key policy changes, including refining tech policies and boosting R&D investment from global firms.

The TCA will work with stakeholders to finalise a concrete target, reinforcing its mission to grow Australia’s tech sector and drive economic progress.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Aaron Tait’s journey from soldier to humanitarian advocate

Aaron Tait discusses military service, moral conflict, and humanitarian work in interview with Penny Lane on In the Driver’s Seat

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Aaron Tait discusses military service, moral conflict, and humanitarian work in interview with Penny Lane on In the Driver’s Seat

In Short:
– Aaron Tait joined the Australian Navy at 17, following a family military tradition and participating in the Navy diver program.
– Now a father and writer, Tait plans to travel the world with his family and promote his memoir, Far Horizons.

Aaron Tait joined the Australian Navy at 17, continuing a family tradition of military service. Following his officer training, he was selected for the Navy diver program. Shortly after the 9/11 attacks, he was deployed to the Persian Gulf, where he participated in aggressive night raids against smugglers.Tait returned home with post-traumatic stress and moral guilt regarding his missions. A significant interaction with an Iraqi man led him to question the war’s purpose. His research into the siege’s toll on civilians deeply affected him, prompting a desire to make amends.

Humanitarian work

After leaving the military, he spent six months in Spain, where he met his future wife, Caitlyn. They moved to East Africa for humanitarian work before he attended Cambridge University. Tait co-founded YGAP, a nonprofit assisting entrepreneurs globally, impacting over 1.6 million people. He also established an education company, which was sold recently.

Now a father of two, Tait is embarking on a year of travel with his family. His memoir, “Far Horizons,” reflects his journey from combat to compassion. He aims to prioritise fatherhood and hints at writing another book in the future.

For more information, visit The Perfect Cosmetics Company.


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Julia Ferracane discusses her PR journey and philosophy

Julia Ferracane discusses her PR journey and persistence in Penny Lane’s In the Driver’s Seat interview series

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Julia Ferracane discusses her PR journey and persistence in Penny Lane’s In the Driver’s Seat interview series

In Short:
– Julia Ferracane founded Righteous PR, advocating for creatives over her 25-year career.
– She believes persistence is crucial in public relations for success and client selection.

Julia Ferracane, founder of Righteous PR, joins Penny Lane in this episode of In the Driver’s Seat to share her 25-year journey supporting creatives at the Australian Ballet, Penguin Random House, and beyond. She explains how courage and persistence, rather than talent alone, have shaped her career in public relations.

Ferracane discusses the importance of mentorship, overcoming early setbacks, and choosing clients based on the “courage factor” and compelling stories. From securing alpacas for a last-minute media shoot to navigating visibility and self-promotion, she reveals the adaptive problem-solving skills needed to thrive in PR.

She also highlights the value of podcasts for deeper audience engagement and shares insights into her current projects, including collaborations with Scott Pape and Sean Zeps.

For more information, visit The Perfect Cosmetics Company.


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Sooshi Mango shares comedy journey and future plans

SooShi Mango’s Joe, Carlo, and Andrew chat comedy roots and future plans on “In the Driver’s Seat” with Penny Lane

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Sooshi Mango’s Joe, Carlo, and Andrew chat comedy roots and future plans on In the Driver’s Seat with Penny Lane

In Short:
– Sooshi Mango’s comedy draws inspiration from family experiences and nostalgia.
– They plan a world tour in 2026.

Sooshi Mango, featuring Joe, Carlo, and Andrew, appeared on “In the Driver’s Seat,” hosted by Penny Lane. The group is recognised for blending nostalgia and cultural charm with sharp wit. They draw inspiration from their families, finding comedy in their childhood experiences. The group aims for nostalgic humour rather than mocking their backgrounds, with characters based loosely on family members. However, their families do not recognise their comedic potential.

Their viral success stemmed from a video titled “Italians Versus Greeks,” highlighting the friendly rivalry between the communities, released on November 24th. Joe left his job five years ago to focus on Sooshi Mango full-time, a decision made by all members who traded their stable careers for comedy.

Differing personalities

Fan favourites include their dad and mum characters, with the latter being particularly popular. Group dynamics reveal differing personalities; Andrew is seen as temperamental, while another member is easygoing.

The pressure to maintain high content standards is significant, especially for live shows. Sooshi Mango has achieved the unique feat of selling out an arena three times.

Looking ahead, a world tour is set for April to June, starting in New York, alongside plans for an Australian feature film to begin shooting next year.

For more information, visit The Perfect Cosmetics Company.


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