THE AUTOMATION ADVANTAGE How Australia can seize a $2 trillion opportunity from automation and create millions of safer, more meaningful and more valuable jobs. This report was commissioned by Google and prepared by AlphaBeta. The information contained in the report has been obtained from third-party sources and proprietary research. All monetary figures reported are in 2015 real Australian dollar terms, unless otherwise indicated. AlphaBeta is a strategy and economic advisory business serving clients across Australia and Asia from offices in Singapore and Sydney. Sydney Singapore Level 7, 4 Martin Place Level 4, 1 Upper Circular Road Sydney, NSW, 2000, Australia Singapore, 058400 Tel: +61 2 9221 5612 Tel: +65 6443 6480
[email protected] [email protected] 2 Automation is changing the way we work Machines will of the most tedious unburden the and manual work a week average Australian of 2 HOURS over the next 15 years Automation could deliver a boost to Australia’s national income between 2015 and $2.2 2030 from productivity gains TRILLION $1 $1.2 TRILLION TRILLION from accelerating the from transitioning the rate of automation workforce As automation reduces routine and manual work, our jobs will become... SAFER MORE MORE SATISFYING VALUABLE Workplace injuries 62% of low-skilled Wages for non- will fall by 11% as workers will automatable work are dangerous manual experience improved 20% higher than for tasks are automated satisfaction automatable work Australia currently lags global leaders in Automation 50% fewer Australian firms