Australia's future workforce? - Creative Innovation Global

This was demonstrated when the computer Watson was created that could process 200 ...... Belinda has a Bachelor of Science (Computing) degree from the ...... The pace of this change accelerated in the late 1980s and 1990s following.
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National Level 13, 440 Collins Street Melbourne VIC 3000 GPO Box 2117 Melbourne VIC 3001 Telephone 03 9662 3544 Email [email protected]

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AUSTRALIA’S FUTURE WORKFORCE?

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Australia’s future workforce? June 2015

Australia’s future workforce? June 2015

About this publication Australia’s future workforce? © CEDA 2015 ISBN: 0 85801 300 2 The views expressed in this document are those of the authors, and should not be attributed to CEDA. CEDA’s objective in publishing this collection is to encourage constructive debate and discussion on matters of national economic importance. Persons who rely upon the material published do so at their own risk. Designed by Robyn Zwar Graphic Design Photography: Pages 67, 73, 75, 77: Rio Tinto image library Section 4.0 and Cover (bottom right): CEDA image library All other images: iStock image library About CEDA CEDA – the Committee for Economic Development of Australia – is a national, independent, member-based organisation providing thought leadership and policy perspectives on the economic and social issues affecting Australia. We achieve this through a rigorous and evidence-based research agenda, and forums and events that deliver lively debate and critical perspectives. CEDA’s membership includes 700 of Australia’s leading businesses and organisations, and leaders from a wide cross-section of industries and academia. It allows us to reach major decision makers across the private and public sectors. CEDA is an independent not-for-profit organisation, founded in 1960 by leading Australian economist Sir Douglas Copland. Our funding comes from membership fees, events and sponsorship. CEDA – the Committee for Economic Development of Australia Level 13, 440 Collins Street Melbourne 3000 Australia Telephone: +61 3 9662 3544 Fax: +61 3 9663 7271 Email: [email protected] Web: ceda.com.au

Contents Foreword

6

Executive summary

7

Introduction

16

Section 1: Global trends Chapter 1.1 Reshaping work for the future Professor Lynda Gratton

32

Chapter 1.2 The impact of emerging technologies in the workforce of the future Professor Hugh Bradlow

38

Chapter 1.3 How next-gen computing is changing the way we work Belinda Tee and Jessica Xu

48

Chapter 1.4 The impact of computerisation and automation on future employment Hugh Durrant-Whyte, Lachlan McCalman, Simon O’Callaghan, Alistair Reid and Daniel Steinberg

56

Chapter 1.5 Case study: Automation and Australia’s future workforce Michael Gollschewski

65

Chapter 1.6 Digital disruption – what, why and how Sarv Girn

78

Chapter 1.7 Megatrends and Australia’s future: Older and wiser? Dr Fiona McKenzie

85

AUSTRALIA’S FUTURE WORKFORCE?

3

Section 2: Australian stocktake Chapter 2.1 Australia’s shifting economy Tim Bradley

98

Chapter 2.2 Technological and structural change in Australia’s labour market Professor Phil Lewis

109

Chapter 2.3 Information te