In such countries as Australia, the evident policy changes are observed in recent years. The country wasn’t on the list of the first countries to link its future success with the possibility to work with its Asian neighbors. There is a significant growth in the number of fintech companies Digital Economy in Australiain recent years. The country was producing and branching out good businesses, but it didn’t explore the entire potential of fintech industry yet. Australia is pretty well placed for taking advantages of the Asian neighbors’ success when it comes to new technology opportunities.
Australia’s interest in striving to be a digital economy government has been fuelled by Asian transformation, i.e. their big step from a region of low-cost manufacturing towards becoming a major global consumers’ source. Australian businesses have now exciting opportunities for advanced manufacturing, automation, robotics, artificial intelligence and high-precision agriculture. The government of the country is ready to take risks being an innovative country and having plenty of ideas. It is actually perfectly placed for being a commodities exporter, while its consumer class increases in Asia.
Australia is being innovated currently; it is improving the processes for doing a better job, it is totally equipped for competing with its great Asian neighbors. Their huge market is going to grow and develop.
Australian entrepreneurs and politicians see the country’s success with businesses and desire to empower the customers via the digital domain transformative powers.
The major change the Australian government is going to make is to connect with the broader technology to lift the country productivity essentially over the next 20 years. The customers can get control of their information. This will ensure constant and continuous growth and secure a broader market segment.