Industrial digital transformation in Australia - statistics & facts
The economic contribution of the technology sector in Australia is expected to continue its rapid growth. With tech-adopting businesses in other sectors making up the most considerable portion of this, the digitalization of Australia’s primary industries is to be anticipated. The Internet of Things has become commonplace among consumers, and industrial digital transformation is progressing significantly. Some of the leading industries serviced by artificial intelligence businesses were aerospace, defense, and security; mining, energy, and resources; and agriculture. Agriculture and mining are cornerstones of Australia’s economy, while the manufacturing sector is expected to undergo a revival through innovations in automation.
The leading areas of technology investment of mining leaders in Australia were data analytics, digital connectivity, and integrated automation. Motivations for digitalizing the mining industry include improving safety measures, cost optimization, improvements in productivity, and quicker decision-making. Through IoT-based technology, data can be collected and stored, then utilized through real-time analysis and monitoring of mining operations.
Australia’s manufacturing industry stands to benefit from digital transformation. The manufacturers intending to invest in emerging technologies in Australia have indicated they will prioritize intelligent automation, mobile, connectivity, IoT, artificial intelligence, and machine learning. Tools and machinery used in manufacturing will be connected to the internet to collect, store, and share data. This data can make industrial systems more efficient, responsive to real-time occurrences, and safer for the manufacturing workforce.
Australian Industry 4.0
Agricultural technology includes products, services, or applications that improve the processes and efficiency of farming practices, often leading to better use of inputs and better quality or quantity of outputs. From precision agriculture, which uses big data to assist in farm management decisions, to water management technology, which reduces water waste while irrigating crops, the scope of Agricultural technology is extensive. In terms of AgriFoodTech in Australia, investment in farm management software and sensors exceeded 30 million U.S. dollars in 2021.The leading areas of technology investment of mining leaders in Australia were data analytics, digital connectivity, and integrated automation. Motivations for digitalizing the mining industry include improving safety measures, cost optimization, improvements in productivity, and quicker decision-making. Through IoT-based technology, data can be collected and stored, then utilized through real-time analysis and monitoring of mining operations.
Australia’s manufacturing industry stands to benefit from digital transformation. The manufacturers intending to invest in emerging technologies in Australia have indicated they will prioritize intelligent automation, mobile, connectivity, IoT, artificial intelligence, and machine learning. Tools and machinery used in manufacturing will be connected to the internet to collect, store, and share data. This data can make industrial systems more efficient, responsive to real-time occurrences, and safer for the manufacturing workforce.
