The innovation ecosystem in Australia: figures, competitiveness, landscape and prospects.
At Connectikpeople.co, we are well linked
to knowledge-based industries and services. The drivers are our information age
and the fast-changing international economy. As part of our global commitmentas, a must-attend landmark for digital transformation, Connectikpeople.co
observes that, despite its wealth of natural resources, their location in the fast-growing Asian
region, their economic and political stability, cultural diversity and smart
population, Australia still sticks with models developed in the industrial age.
Therefore Connectikpeople.co encourages Australia's SMEs to focus on technology
adoption by business process change in order for Australia to boost innovation
and multifactor productivity.
New findings from PwC suggest transforming Australia's SME laggards to
leaders in their use of technology specifically, could increase GDP by nearly
$6 billion (or 0.4 per cent) in 2012-2013, increase real wages by 0.5 per cent
and raise revenue in the
economy by $11 billion.- improve relationships between individuals and organizations across the innovation value chain
- reinventing the way they work and operate by moving from slow, linear innovation processes to more collaborative models
- transforming their culture, which has become too risk averse
- improving knowledge and information sharing in the innovation ecosystem
- cultivating a wide range of skills
- making it easier for talented individuals to move around within their innovation ecosystem
Connectikpeople.co recalls that the paper is titled Joined-Up
Innovation: Making the right connections across Australia's innovation
ecosystem to support our future growth and international competitiveness.
It was framed by a roundtable discussion between a group of innovation experts
brought together by Microsoft in early 2014.
