A new Accenture study reveals that Australian businesses can seize a $400 billion prize with AI. By embracing AI, Australia can double the speed of its economic growth and achieve a $400 billion GDP increase by 2035. But before they can reap the rewards, Australian businesses and governments have some serious work to do—and they need our help to accomplish this.

1. AI
THE FUTURE
OF AU

2. 2
AUSTRALIAN BUSINESS CAN
SEIZE A $400 BILLION PRIZE
WITH ARTIFICIAL INTELLIGENCE
SO, WHAT’S STOPPING US?

3. 3
AUSTRALIA’S ECONOMY IS
CHANGING DRAMATICALLY
AND URGENTLY NEEDS
NEW SOURCES
OF GROWTH

4. 4
ARTIFICIAL
Which is where
could be a real game-changer…
INTELLIGENCE

5. 5
Increasing
GDP by AUD
$400
BILLION
INNOVATION
LEADER
And putting Australia
on the map as an
by 2035

6. 6
THE CHALLENGE
AHEAD IS FOR ORGANISATIONS
TO DEVELOP AND DIFFUSE
AI SKILLS AND TECHNOLOGIES
IN THE WORKPLACE AND
THROUGHOUT SOCIETY

7. 7
TO ENSURE THAT
THE FOLLOWING
OPPORTUNITIES
CAN BE CAPTURED

8. 8
INTELLIGENT
AUTOMATION
Automating complex physical tasks
THREE OPPORTUNITIES 01

9. 9
LABOUR/CAPITAL
AUGMENTATION
Enabling both to be used
smarter/more effectively
THREE OPPORTUNITIES 02

10. 10
INNOVATION
DIFFUSION
AI ignites innovation throughout
the economy
THREE OPPORTUNITIES 03

12. ACCEPT AND ADDRESS
JUSTIFIABLE FEARS
ABOUT
AI

13. 13
Right now, management is
impressed by the technology
BUT THE
WORKFORCE
IS WARY

14. 14
of Australians think
AI will make the
future a better place
45%
JUST

15. 15

16. It’s time for government,
companies and education to…
IMPACT ON JOBS
CAN’T BE IGNORED
AI
’S
16

17. 17
Come
TOGETHER
&
OPENLY
Address these issues

18. 18

19. 19
BY SCALING EMERGING
TECHNOLOGIES THAT
ARE ESSENTIAL TO
AI
’S
ADOPTION

20. THIS MEANS
20
COLLABORATION
Working with partner
organisations across
the AI ecosystem

21. 21
RIGHT NOW,
AUSTRALIA IS
LAGGING
ON THIS FRONT

22. 22
into business and
wider society
When it comes
to embedding
NEW
TECHNOLOGIES

23. 23
Australia ranks
out of 34
developed
economies
18th

24. 24
Australia ranks
out of 34
developed
economies
It invests just
of what the UK
and Singapore
spend on
innovation
18th10%

25. 25
Australia ranks
out of 34
developed
economies
It invests just
of what the UK
and Singapore
spend on
innovation
18th10
of Australian
companies
partner with the
education sector
And just
3% %

26. 26

27. 27
SO HOW TO
MOVE
AHEAD?

28. 28
THERE ARE
PRIORITIES
FOR AUSTRALIAN
BUSINESSES

29. 29
CREATEan ecosystem for co-creation
within/across industries
FIVE PRIORITIES 01

30. 30
INVESTin research with education
FIVE PRIORITIES 02

31. 31
PUSHgovernment for AI-focused regulation
FIVE PRIORITIES 03

32. 32
EMBEDAI into the fabric of the business
FIVE PRIORITIES 04

33. 33
TAKEa top-down strategic approach
FIVE PRIORITIES 05

34. 34
AUSTRALIA NEEDS
A NEW
APPROACH

35. 35

36. 36
AIIS THE GROWTH
DRIVER THAT CAN
MEET THIS NEED

37. 37
ADOPTED
RESPONSIBLY,
AIBRINGS

38. 38
ECONOMIC
GROWTH

39. 39
BETTER
CUSTOMER
SERVICE

40. 40
IMPROVED
EMPLOYEE
EXPERIENCES

41. 41
IT’S TIME FOR
BUSINESS AND
GOVERNMENT TO

42. 42
AND DRIVE
AUSTRALIA
INTO THE
AI
ERA

43. 43
CONNECT WITH
OUR EXPERTS
AUSTRALIA AND NEW ZEALAND
Brad Ryan
Managing Director, Accenture Technology
Amit Bansal
Managing Director, Accenture Analytics
Guy Russell
Managing Director, Accenture Strategy