Explore our Progress 2050 Goal Tracker
Investment in skills development will be crucial for Australia to find its place in the global supply chain, Siemens CEO, Jeff Connolly has told a CEDA audience in Melbourne.
30/04/2014
Speaking at the launch of CEDA's report Advanced Manufacturing: Beyond the production line, Mr Connolly said Australia currently lacks skilled experts in engineering and data analysis to compete globally in manufacturing.
"Our experience in Australia is that we see a general knowledge gap in engineering already," he said.
"Another skill needed by our future manufacturing workers is how to work with big data and use it to enhance productivity.
Mr Connolly also said polices are needed to incentivise Australian companies to make technology investments.
"I'm not a big believer in handouts but I do believe there is a role in policy, including tax policy, to encourage technology investment which is critical to the future success of any industrial or manufacturing business," he said.
Presentations are available for:
The Brisbane 2032 Olympic games will boost the Queensland economy by around $8.1 billion, says QLD Premier Annastacia Palaszczuk.
Read more Economy November 18, 2014"The question to ask isn't how you can go another 20 years without a recession, it's how you can have small ones and get out of them quickly," RBA Governor, Glenn Stevens has said at CEDA's 2014 Annual Dinner in Melbourne."
Read more Economy May 12, 2011ANZ Chief Economist Warren Hogan and Business Spectator CEO Alan Kohler give their views on the Federal Budget. By Roxanne Punton
Read more