Are you looking to expand your company’s product line over the next few years? This month AlphaBeta published a study called Digital Innovation: Australia’s $315B Opportunity.
They identified 8 digital innovation opportunities for Australian companies, representing a $155 billion regional market. These opportunities were prioritised by Australia’s ability to capitalize on industries where companies have already proven themselves to be competitive. The study looked at 13 product lines and identified which had the most potential in the 8 industries. Perhaps your company has an opportunity in one of these areas:
- Precision Healthcare – With an ageing population putting strain on healthcare systems around the world, the demand for connected healthcare data will increase significantly in the coming decade. Product development opportunities include mobile sensors and IoT, imaging and geo-spatial services, privacy and security, data cleaning, machine learning, robotics, and digital assistants
- Digital Agriculture – Much of the world’s agricultural productivity is threatened by climate change, and increasing populations will increase demand by 50% by 2050. Product development opportunities include mobile sensors and IoT, imaging and geo-spatial services, machine learning, and intelligent systems.
- Data-Driven Urban Management – With more than 600 million people moving to Asian cities by 2030, urban planning and management can benefit greatly from improvements in data on the movement of people and construction of buildings. Needs include mobile sensors and IoT, imaging and geo-spatial services, data cleaning, machine learning, and robotics.
- Cyber-Physical Security – Physical assets and infrastructure are increasingly vulnerable to attacks, with financial services, healthcare, basic utilities, public transport, and emergency response services emerging as key targets. Product development demands will be in mobile sensors and IoT, privacy and security, machine learning, and intelligent systems.
- Supply Chain Integrity – Food and pharmaceutical safety is a growing concern as the Asia-Pacific’s consuming class grows to $1.2 billion by 2030. Secure supply chains will require mobile sensors and IoT, imaging and geo-spatial services, privacy and security, and robotics.
- Proactive Government – Policy development and strategic decision making can be greatly enhanced as expectations from government increase while trust decreases. Improved tracking, privacy and security, data cleaning, high performance computing, machine learning, and intelligent systems can help improve the public sector’s effectiveness.
- Legal Informatics – Legislative, compliance and administrative task costs have ballooned in recent years, and Australia’s cost of regulatory compliance and administration is estimated at $250 billion. Savings from automation and AI can be found with improvements in decentralized storage, privacy and security, data cleaning, machine learning, and intelligent systems.
- Smart Exploration & Production – Declining productivity in extractive industries have had a significant effect on Australia since the late 1990s. Improving exploration and production efficiencies will be aided by mobile sensors and IoT, privacy and security, machine learning, and intelligent systems.
As your company expands, be sure your system security expands along with it. Ensure your cyber-safety with 24/7 monitoring, system security measures, and concierge IT services. Contact Blutone Technologies at 1300 660 139 and find out how we can protect your growing business.
