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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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AI in education: Transforming learning, challenges, and future skills

AI transforms education, insights from Professor Robert Tai and Enquiry Tracker discussed in Beyond Education episode

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AI transforms education, insights from Professor Robert Tai and Enquiry Tracker discussed in Beyond Education episode

In Short:
– AI revolutionises education, acting as a tool to enhance learning when used effectively.
– Enquiry Tracker advises educators to embrace AI for efficiency, guiding students toward active learning.

In this episode of Beyond Education, presented by Enquiry Tracker, we delve into the transformative impact of artificial intelligence on education. Co-hosted by Ahron Young and Enquiry Tracker CEO Antony Campitelli, the discussion features insights from Professor Robert Tai of the Australian Catholic University.

AI is increasingly recognised as both a revolutionary force and a practical tool in learning. Professor Tai highlights that, when applied thoughtfully, AI can enhance educational experiences and accelerate student progress. At Inquiry Tracker, AI is utilised for research and as coding agents, helping to improve efficiency and streamline tasks.

Historical fears

Despite these benefits, educators have expressed concerns about students over-relying on AI tools such as ChatGPT and Gemini for tasks like writing papers, potentially limiting authentic learning. Professor Tai points out that such anxieties echo historical fears surrounding the introduction of new technologies. He notes that AI can, in fact, foster critical thinking, as users must craft precise prompts to achieve desired results. For example, one student required 26 iterations to complete a paper using AI.

However, AI has its limitations. It primarily remixes existing information and cannot generate entirely novel concepts. The rapid advancements in AI since late 2022 have prompted educators to rethink their teaching strategies. Integrating AI for tasks such as summarising allows students to engage more deeply with material while freeing up time for critical analysis and creative thinking.

For more information, visit Enquiry Tracker.


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Sally Capp discusses livability and urban leadership insights

Sally Capp on effective leadership strategies to enhance Melbourne’s livability and lessons from global cities

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Sally Capp on effective leadership strategies to enhance Melbourne’s livability and lessons from global cities

In Short:
– Melbourne consistently ranks among the world’s most livable cities, valuing both international rankings and local needs.
– Ongoing investments and balancing stakeholder needs are crucial for maintaining urban livability and preventing complacency.

In this episode of The Connector, host Belinda Coates sits down with Sally Capp, former Lord Mayor of Melbourne, to discuss what makes a city truly livable and the leadership required to sustain it. Capp shares insights from her tenure on balancing urban growth, infrastructure, and social wellbeing while keeping Melbourne consistently ranked among the world’s top cities.

Melbourne’s livability has been shaped by healthcare, education, culture, environment, and stability, often placing it alongside Vienna and Copenhagen in global rankings. Capp highlights that local perspectives are just as important as international recognition, especially as the city’s CBD population has surged from around 800 in the mid-1980s to roughly 60,000 today.

Capp also explores lessons from international cities like Singapore and London, from creating public spaces in private developments to promoting a 24-hour economy and higher residential density near transport hubs. She looks ahead to the upcoming World Cities Summit in Singapore, emphasising that effective leadership involves balancing the needs of diverse stakeholders in urban planning.

For more information, visit HarperB.


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Adrian Pozzo reflects on Cbus Property’s successes and future

Adrian Pozzo steps down as Cbus Property leader after nearly two decades, overseeing $7 billion portfolio growth and sustainability efforts

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Adrian Pozzo steps down as Cbus Property leader after nearly two decades, overseeing $7 billion portfolio growth and sustainability efforts

In Short:
– Adrian Pozzo led Cbus Property for almost two decades, growing its portfolio from $500 million to $7 billion.
– Cbus Property focuses on member returns, balancing innovation and sustainability while preparing for hybrid work trends.

Adrian Pozzo, the long-serving leader of Cbus Property, is stepping down after nearly two decades, leaving behind one of Australia’s most significant property growth stories. Under his leadership, the organisation’s portfolio grew from $500 million to $7 billion, cementing its status as a major player in the sector.

In this episode of The Connector, host Belinda Coates sits down with Pozzo to reflect on his career and the future of Cbus Property.

Pozzo attributes this success to close alignment with the Cbus industry super fund and a focus on strong member returns, achieving an average of nearly 13 per cent over 20 years, even through challenging periods like the Global Financial Crisis.

Innovation and Environmental, Social, and Governance (ESG) principles have been central to his strategy. Cbus Property’s first development, 8 Exhibition Street, achieved a 4.5 NABERS rating, with newer projects now reaching six stars.

As hybrid work reshapes office demand, Cbus Property is rethinking workplaces. Developments such as 435 Burke Street emphasise high-quality amenities, while 205 North Quay in Brisbane incorporates wellness features, including a pool, to enhance tenant experience.

Chris Kufus will succeed Pozzo as CEO, marking a seamless transition after a two-decade collaboration. On sectors like build-to-rent, Pozzo remains cautious, citing risk and return profiles less compelling than office or build-to-sell projects.

Looking ahead, Cbus Property continues to balance commercial performance with social outcomes. The group incorporates affordable housing within premium developments while prioritising member returns. Pozzo has championed diversity, supporting women, Indigenous Australians, and apprenticeships in construction. International investment remains outside the company’s mandate, with a focus firmly on domestic opportunities.

For more information, visit HarperB.


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