{"id":47690,"date":"2023-10-20T15:54:39","date_gmt":"2023-10-20T15:54:39","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/digital-technology-is-now-5-of-australias-gdp-but-it-graduate-numbers-still-falling-short-startupsmart\/"},"modified":"2023-10-20T15:54:39","modified_gmt":"2023-10-20T15:54:39","slug":"digital-technology-is-now-5-of-australias-gdp-but-it-graduate-numbers-still-falling-short-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/digital-technology-is-now-5-of-australias-gdp-but-it-graduate-numbers-still-falling-short-startupsmart\/","title":{"rendered":"Digital technology is now 5% of Australia\u2019s GDP, but IT graduate numbers still falling short – StartupSmart"},"content":{"rendered":"
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Digital technology is one of the fastest growing sectors in the Australian economy but the number of graduates with STEM skills is not keeping up with demand, according to research published by the Australian Computer Society and Deloitte.<\/p>\n

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Digital technology now makes up just over 5% of the nation\u2019s GDP, according to the Australia\u2019s Digital Pulse<\/i> report, jumping from $50 billion in 2011 to $79 billion in 2013-14.<\/p>\n

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The report also found there are 600,000 information and communication technology workers in 2014, with demand for an additional 100,000 by 2020.<\/p>\n

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However, the number of university graduates with ICT qualifications has sharply declined since the early 2000s.<\/p>\n

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This is despite the ICT sector being expected to experience strong job growth over the next six years, along with the fact that the gender pay gap for women is 14% less than the national average.<\/p>\n

 <\/p>\n

Australian Computer Society president Brenda Aynsley told StartupSmart<\/i> the country urgently needs to address how it is going to tackle the digital future.<\/p>\n

 <\/p>\n

\u201cIt\u2019s not particularly new, but we\u2019ve provided some useful evidence that makes it more urgent that the government, profession, academia and industry need to get together to ensure our future and the future of our kids,\u201d she says.<\/p>\n

 <\/p>\n

\u201cThere is certainly a joint effort needed in the educational space. The universities need to think more cleverly about how they deliver, advertise and promote ICT as a career.\u201d<\/p>\n

 <\/p>\n

Director of Deloitte Access Economics, John O\u2019Mahony, said in a statement Australia\u2019s productivity is at risk if the country\u2019s workforce is not equipped with adequate computer and coding skills.<\/p>\n

 <\/p>\n

\u201cWe urgently need to boost both awareness and opportunity around ICT skills development,\u201d he said.<\/p>\n

 <\/p>\n

\u201cDespite the strong growth in demand, with a projected gap of more than 100,000 ICT workers in the next five years, and declining rates of ICT graduates, we are facing a serious problem.\u201d<\/p>\n

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Do you know more on this story or have a tip of your own? Raising capital or launching a startup?<\/i> . Follow StartupSmart on<\/i> Facebook<\/i>,<\/i> Twitter<\/i>, and<\/i> LinkedIn<\/i>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Digital technology is one of the fastest growing sectors in the Australian economy but the number of graduates with STEM<\/p>\n","protected":false},"author":1,"featured_media":58395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47690"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47690"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58395"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}