Story image

Australia in a digital boom with 40,000 more tech jobs over the last two years

25 May 17

A study from the ACS has revealed that ICT is indeed a key driver of Australia’s economic future.

A digital boom is underway in Australia with 40,000 technology jobs created over just the last two years (2015-2016) and ICT services exports up 12 percent to $2.8 billion.

This begs the question, is Australia ready? According to the report (prepared by Deloitte Access Economics), this strong growth in the ICT workforce is expected to continue for some time yet, with an additional 81,000 jobs needed by 2022 to fuel future technology-led growth.

ACS president, Anthony Wong says meeting this need will be a critical priority for Australia.

“Technology skills are fast becoming the engine room of the Australian economy,” Wong says.

“To fast-track our nation’s digital transformation, and ensure the ICT skills base is there to meet demand, we need a clear strategy and dedicated investment focus in this area.”

LinkedIn director of public policy for Asia Pacific, Nick O’Donnell says this skills shift is accelerating and expanding across every industry.

“We are seeing significant hiring of tech talent by non-tech companies. Half of the top 20 industries hiring ICT workers in 2016 were non-tech, the most active industries being financial services, which jumped from twelfth position in 2015 to up to fourth in 2016,” says O’Donnell.

“LinkedIn’s data also shows that the top skills demanded by employers hiring new ICT workers includes a balance of technical skills and broader business skills. Business skills such as Relationship Management, Business Strategy and Strategic Planning in combination with technical skills are highly sought after to drive digitisation of business processes.”

Wong says Australia’s skilled ICT shortfall needs to be addressed - sooner, rather than later.

“The ACS is actively championing the uptake of coding in schools, better support for teachers in the delivery of emerging technology areas, the establishment of multidisciplinary degrees, and relevant training programs to help to build a pipeline of workers with valuable ICT skills,” Wong says.

“In a skills shortage environment, skilled migration is an important lever for developing competitive advantage for the nation. However it needs to be targeted, and needs to address the genuine skills gaps in the domestic market, while ensuring migrant workers are not exploited.”

Deloitte Access Economics partner, John O’Mahony shares these sentiments.

“Australian employers are placing a high value on ICT skills against the backdrop of digital technologies being increasingly fundamental to a thriving economy,” says O’Mahon.

“As business disruption becomes more widespread, businesses need a strong ICT core to manage change – making ICT workers and ICT skills the bread and butter behind that change.”

Some of the further findings from the report include:

  • Adoption of digital technologies has lifted Australia’s GDP by 6.6% over the previous decade – with each Australian being $4,663 a year better off (in 2016 dollars)
  • Without skilled ICT labour Australia will stagnate - 81,000 new ICT professionals are needed by 2022 to fuel future technology-led growth
  • Diversity is still an issue – women represent only 28% of the ICT workforce (compared to 44% across all professional industries) and older workers (55+) only represent 12% of Australia’s ICT workforce
  • LinkedIn data reveals technical skills are in high demand
Dell EMC embeds security in latest servers
Dell EMC's 14th generation of PowerEdge servers has comprehensive management tools to provide security across hardware and firmware.
Hands-on review: The Logitech R500 laser presentation remote
With a clever ergonomic design, you’ll never have to glance at the device, unless you deliberately look to use the built-in laser pointer to emphasise your presentation.
Review: Should you buy the Fitbit Charge 3?
If you are new the to the world of wearables you might be wondering if Fitbit’s new offering is a good first step. Maybe I can help with that.
The disaster recovery-as-a-service market is on the rise
As time progresses and advanced technologies are implemented, the demand for disaster recovery-as-a-service is also expected to increase.
Cohesity signs new reseller and cloud service provider in Australia
NEXION Networks has been appointed as an authorised reseller of Cohesity’s range of solutions for secondary data.
Dell dominates enterprise storage market, HPE declines
The enterprise storage system market continues to be a goldmine for most vendors with demand relentlessly rising year-on-year.
Lenovo DCG moves Knight into A/NZ general manager role
Knight will now relocate to Sydney where he will be tasked with managing and growing the company’s data centre business across A/NZ.
Avnet to boost AI/IoT solutions with acquisition
The acquisition of Softweb Solutions adds software and artificial intelligence to Avnet’s ecosystem and bolsters its IoT capabilities.