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There’s no better time to be in ICT services than now

Hafizah Osman | June 9, 2017
Findings from ACS’ 2017 Digital Pulse report shows ICT services exports are up 12 per cent to $2.8 billion in Australia.

LinkedIn Asia-Pacific public policy director, Nick O'Donnell, said Australia's skills shift is accelerating and expanding across every industry and questioned how Australia will meet this need to reap the advantages of a digital future.

"We are seeing significant hiring of tech talent by non-tech companies. Half of the top 20 industries hiring ICT workers in 2016 were non-tech, the most active industries being financial services, which jumped from twelfth position in 2015 to up to fourth in 2016.

"LinkedIn's data also shows that the top skills demanded by employers hiring new ICT workers include a balance of technical skills and broader business skills," O'Donnell said.

Deloitte Access Economics partner, John O'Mahony, said Australian employers are placing a high value on ICT skills against the backdrop of digital technologies as it is "increasingly fundamental" to a thriving economy.

"As business disruption becomes more widespread, businesses need a strong ICT core to manage change - making ICT workers and ICT skills the bread and butter behind that change," he mentioned.

The report also identified other findings, including:

  • Diversity is still an issue as women represent only 28 per cent of the ICT workforce (compared to an average of 44 per cent across all professional industries) and older female workers (55+) only represent 12 per cent of Australia's ICT workforce.
  • The average cost of a cyber-crime attack to an Australian business is around $419,000. Greater investment in cyber security by Australian businesses could result in an uplift of 5.5 per cent in business investment, an increase in wages by two per cent, and an additional 60,000 people employed by 2030. 
  • Domestic undergraduate completions of ICT degrees increasing from around 3,000 to almost 4,000 from the start of this decade to 2015. Postgraduate enrolments and completions by domestic students have also increased marginally, but these also continue to remain below the peaks seen in the early 2000s.

 

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