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Surfing the Digital Tsunami: Scenarios Report. Preliminary scenarios exploring the decade ahead for Australian business and the economy

Quezada, George and Adcock, M and Bratanova, Alexandra and Ponce Reyes, R and Hajkowicz, Stefan (2017): Surfing the Digital Tsunami: Scenarios Report. Preliminary scenarios exploring the decade ahead for Australian business and the economy.

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Abstract

The spectacular rise of digital technology has shifted the world into a new economic era increasingly influenced by mobile devices, online platforms and sophisticated algorithms. This moment in history is perhaps as transformative as the early industrial revolution. Advanced digital technologies are proliferating and transforming the way goods and services are produced, delivered and consumed – a phenomenon we know as ‘digital disruption’, and significant changes are in store for jobs, businesses, industries, nations and the future global economy. Surfing the Digital Tsunami uses scenarios to explore how digital innovation might transform Australian business and the economy, and impact the role of government. The report is based on a scenario development process conducted by CSIRO | Data61 in partnership with the Department of Industry, Innovation and Science (DIIS). Scenarios are hypothetical stories about the future that are informed by evidence relating to important trends or drivers of change. Scenarios do not predict the future but rather highlight critical issues and plausible chains of events, and their outcomes.

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