Underinvestment in artificial intelligence leaves Australia vulnerable and blindly walking towards becoming a low-skilled economy.
However, investment in AI is not a matter of desire – or lack thereof. There is an appetite to invest. “In two years, we have built our reputation as a trusted innovation provider, in part because our business model is an Australian first as an independent not-for-profit company,” Stewart says. “AI is available in so many places. You look at how much technology is behind a self-driving car, for instance. The mind boggles. And that’s not even at the edge of our capability as a species. But we often find that the biggest ROI is just in the simplest problems,” Anandakumar says.Anandakumar also encourages organisations to look beyond trying to make everything perfect, saying that in many cases, 80 per cent of your result will be better than human performance.
One barrier to investment in AI is the widespread talent shortage, and a deep-seated lack of understanding around what a role in AI entails.Solar says the most surprising feedback from her listening tour came from a group of AI post-graduate students who were under the impression that the only AI career path for them was research and academia.
Love the range of comments! It’s important for us to have the AI conversations broadly across communities. Thank you!
What ? the AFR is commmited to a low skill Australia. Look at the mass migration capping wages growth, flattening productivity and devaluign labour
If there are sufficient tax incentives for organisations they will reinvest money in innovation*
oddly all the AI look like women!?!?
The Australian govt is intentionally throttling the progress of A.I. whilst at the same time, it continues to support coal mining. How backward.
And how does installing AI thus replacing people help to skill the majority of us?