Executive Summary
The digital economy is the global network of economic and social activities that are enabled by platforms such as the Internet, mobile and sensor networks. The digital economy refers to the devices most of us use each day such as computers, phones and game consoles. It includes the online maps that we consult, the web searches that we do to find information and our electronic banking.
A successful digital economy is essential for Australia's economic growth and our ability to maintain our international standing. It offers new opportunities for businesses to a larger, potentially global, audience and for individuals to connect and collaborate.
This paper explains:
- why the digital economy is important for Australia
- the current state of digital economy engagement in Australia and why current metrics point to a need for strategic action
- the elements of a successful digital economy
- the role for the Government in developing Australia's digital economy.
Advancing Australia's digital economy requires action by government, industry and the community. The key areas of focus for government, industry and the community in order to maximise the benefits of the digital economy for all Australians are:
- for Government, to:
- lay the foundations Australia's digital infrastructure
- facilitate innovation
- set conducive regulatory frameworks
- for industry, to:
- demonstrate digital confidence and build digital skills
- adopt smart technology
- develop sustainable online content models
- for the community, to:
- enjoy digital confidence and digital media literacy skills
- experience inclusive digital participation
- benefit through online engagement.
This Australia's Digital Economy: Future Directions paper discusses the key initiatives being undertaken by government, industry and the community in each of these key areas. It also includes case studies of Australians from a diversity of industries who have successfully engaged with the digital economy.
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