The Australian Government has released the Digital Economy Strategy 2022 Update, which outlines progress made on Australia becoming a top 10 digital economy and society by 2030.
The Strategy, released with the 2021-22 Budget, sets the framework and direction to achieve the 2030 vision.
When the first iteration of the Strategy was launched last year, it included a landmark investment of $1.2 billion. A further $347 million has been provided over the last year bolstering investment in the digital economy.
The Strategy Update provides details on the progress made on these investments and the tangible benefits that are being delivered to Australians and Australian businesses.
The Government is building on these investments in 2022, with a further $1.1 billion to support the development of Australia’s leading digital economy.
The 2022 Update highlights new actions taken since the Strategy’s launch which include:
- $1 billion for the Technology Investment Boost
- $70 million to establish a Quantum Commercialisation Hub
- $22.6 million to further support 5G innovation
- $3.9 million for helping women transition mid-career to digital workforce
- Reforming Australia’s payment system for the digital age
- Keeping Australians safe and secure online
Australians have continued to enthusiastically embrace digital technologies. Amidst the challenges and uncertainties of the COVID-19 pandemic, increased digital uptake has supported businesses to continue to operate and grow and helped Australians stay connected.
The Government’s commitment to the digital economy is proceeding in tandem with major announcements by industry and the business community, who are partnering with government and to invest in new skills and tech capabilities which will lift jobs and investment.
To access the full Digital Economy Strategy 2022 Update, visit: https://digitaleconomy.pmc.gov.au/2022-update/foreword