Time to thrive Digital Economy in Australia: Deadline to meet the number of 2,00,000 workers by 2023

Australia is making way to exploring new zones of Digital Skills. In order to make the exploration successful, Australia has to reach to the number of 2,00,000 by 2023.

As per the Digital Pulse Report issued by Australian Computer Society says that there is an urgent need to fill 1,00,000 Technology based Vacancies and the remaining 1,00,000 to be filled in five years.

ACS president says that this demand within the economy is ever expanding. He also says that there is a need of rapid expansion in artificial intelligence and automation. The brings ICTs in high demand

Deloitte Access Economics in its report says that to adopt digital technology for Australia, it has to add $66 billion in its GDP in the span of five years.

The growth of ICT jobs has already reached to 60% in past five years, which costs to $3.2 billion alone in the year 2016-17.

In the same time, the ICT R&D has observed 50% growth which now reached to $6.6 billion.

But this is not even close to what is required, Kathryn Matthews, Access Economics Partner, gives a cautious quote that it could put an end to digital journey and will find other nations in the driver’s seat. This would ultimately hamper the productivity.

From the group of 16 countries, Australia holds the position 12 in terms of business expenditure on R&D which, in itself, is a part of Gross Domestic Product of the country.

It is quite difficult to be complacent if you are lacking behind in ICT skill in the present scenarios. Long way to cover to become a global leader in this sector: Examine all indicative points of digital performance, ICT sector, business and the workforce skills.

A report, Digital and Technology Collective Digital Skills and Salary report says that median salary if Australia is $84,000 whereas the earning is almost 56% higher ($131,500)

For C-Suite Salary in the Median pay was approx. $350,000. In addition to this, 3/4th of the employees earn above $100,000 per year in the same industry. To put a step in to the new pay brackets, it is very important to recognize and uplift the ICT Skills in the Australia.

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