The Panel’s advice is captured in its Digital Transformation Skills Strategy which was considered by the AISC at its February 2021 meeting. The Panel believes that Australia’s VET system is pivotal to optimising what technology offers our economy, the many industries it comprises and our workforce. There is, however, little time to get this right. One of the most insightful analyses* on the impact of technology on Australia’s workforce predicts that by 2034:
- Automation will displace 2.7m workers, 56% of whom are male
- Technology will augment 4.5m workers, leading to a 15% capacity uplift to Australian businesses
The Panel is keen to emphasise that whilst digital transformation maybe synonymous with technology, it’s those inherent human skills which can’t be replicated by an algorithm that will future-proof our workforce and are now essential to build. It is why the Strategy is as much about growing our cognitive skills and general capabilities as it is about digital competence.