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AI road map pitches $315b industry

AI will create thousands of new jobs every year, help us live longer and improve our quality of life, according to a national road map to be released by the government today.

Paul Smith

Key Points

  • Economy Digital technologies, including AI, could be worth $315b to the Australian economy by 2028.
  • Jobs Australian industry will need up to 161,000 new specialist AI workers by 2030, with 20,000 additional workers per year until 2023.
  • Agriculture Agricultural robot called Agbot II, developed by QUT, is tipped to save farming sector $1.3b per year by automating weed removal and improving agricultural productivity.
  • Safety AI systems could help reduce the 1137 deaths and 57,000 injuries every year on Australian roads.

Artificial intelligence will improve productivity, give Australia the opportunity to establish new world-leading companies and create thousands of new jobs every year, according to a national road map to be released by the government today.

Karen Andrews says AI offers great opportunities for the future of the Australian economy. Paul Harris

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/technology/ai-roadmap-forecasts-315b-industry-20191114-p53ali