Adoption of Industry 4.0 technologies will boost Australia’s resources industry, according to report

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A new report released on Monday has found that utilising new technologies in the mining, oil and gas industries will add $74 billion to the Australian economy by 2030 and create more than 80,000 new local jobs.

Produced by METS Ignited and NERA, the ‘Staying Ahead of the Game Report’ predicts that  Australia’s mining, oil and gas industries will continue to boost the country’s economy with the ongoing adoption of Industry 4.0 technologies.

Minister for Industry, Science and Technology Karen Andrews said a vibrant and competitive resources sector is vital to Australia’s economic future and the adoption of Industry 4.0 technologies will be a key driver of industry transformation.

“The use of analytics and robotics not only provides significant safety and environmental benefits, it is also rapidly increasing job opportunities,” Minister Andrews said.

“This kind of technology opens up new, unexplored opportunities for the resources sector and what this report shows is the huge economic opportunity if new technology is embraced.

“The new jobs will be created across the country, including many in the regional areas where mining already exists, which will ensure the continued vibrancy of these communities.”

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For more information read the Staying Ahead of the Game Report.

Image credit: https://www.minister.industry.gov.au