The advances businesses have made around the world using technology mean that companies and even governments are now forced to innovate in order to match the experience that citizens receive from the industry sector.
The Honourable Leeanne Enoch, Minister for Innovation, Science and the Digital Economy for Queensland opened CxO Disrupt, Brisbane outlining the key steps her state is taking to match the citizen experience against retail and financial organisations.
She began her speech by noting that the world is rapidly changing, especially through the development of technologies such as AI, IoT and autonomous vehicles.
“Over the next 10 years, we are likely to experience the equivalent of 100 years of change – that’s how fast things are happening.”
Such a fast-moving society may scare some people, but Minister Enoch reassured the audience that innovation is nothing new – it’s been happening since time immemorial.
“What is new, however, is our need for a laser-sharp focus on innovation in everything we do because, through innovation, we’re going to see growth in business and our economy.”
The Minister explained how through their Advance Queensland initiative, a $420 million whole of government undertaking, the Sunshine State is backing innovative ideas, supporting local businesses to start and grow as well as creating new jobs.
“We’re looking to improve the lives of all Queenslanders by investing in research and technologies, attracting new capital and building global partnerships.”
Minister Enoch emphasised the need for a strong digital infrastructure to underpin whatever transformation journey those in attendance were undertaking.
“All of us can work so hard in that space of innovation and uptake in terms of technology, but if we don’t have the right digital infrastructure, then it’s not going to work.”
The minister emphasised the need to be proactive in finding ways to innovate, noting that it comes to those who seek it, not those who merely wait.
“There is no benefit in waiting passively, hoping for opportunity to find us. The digital revolution affects all of us – the time for us to act, change, grow and innovate is now.”
Queensland is now leading the country in terms of innovation, with the state putting everybody else on notice with this clear signal of how committed they are to fostering the future of technology.