Australia - The Sharing and Networking Economy

Synopsis

The digital economy began to take hold a decade or so ago, and some organisations were fast to react to it, while others were slow. The naysayers saw the impact of the internet on their business as a fad that would soon fade away; others, such as Google, Amazon, Facebook and Yahoo, saw it as the new business model.

A decade later the next stage of this development started. The new digital economy companies have exploited this new environment and have taken this economic development one step further toward sharing and networking, as well as those mentioned above, Uber, Airbnb and many local commercial and non-commercial organisations have joined this new trend; again those who failed to move along have been further pushed behind. Digitalisation has made networking possible and this is the key as it makes it possible to better utilise assets and people in collaborative and sharing ways.. One of the real threats to traditional business is that those who are embracing the digital economy have a real chance to grow their business faster and thus widen the gap between the winners and the losers.

The government sector is also at a crossroads here. Because of their large share in the economy and in national ICT spending governments can drive transformation and innovation in the national economy. Furthermore, like the business market, governments have to face the reality of transformation. For example, the healthcare sector is rapidly approaching a fiscal cliff. Costs attached to healthcare have grown to a completely unsustainable level.

Only through digital transformation can we afford to maintain our hard-earned lifestyle.

All of these issues are discussed and analysed in detail in this report.

Table of Contents

  • 1. Synopsis
  • 2. Digital Economy + Sharing Economy = Networking Economy
  • 3. The Networking economy – what is at stake?
    • 3.1 The effects of the digital economy are all around us.
    • 3.2 Commercial Sectors
    • 3.3 Global competition
    • 3.4 ICT Investments needed
  • 4. Government Policy issues
    • 4.1 Politics is setting Australia back years over the digital economy
    • 4.2 Lack of vision – politicians absorbed by costs of ageing economic models
    • 4.3 Government misses out on developing a smart economy
    • 4.4 State Governments have to take the lead
  • 5. Australia’s two-tiered economy
  • 6. Key elements needed for a networking economy
    • 6.1 ICT sectors are merging into a new wholesale platform for the networked economy
    • 6.2 NBN reversal – strategic mistake
    • 6.3 Cloud computing, Big Data, M2M
    • 6.4 Holacracy – a new way to manage companies, cities and services
  • 7. Selected Industry and sector transformations
    • 7.1 Introduction
    • 7.2 Government Transformation
    • 7.3 Digital Technology transforming the mining sector
    • 7.4 Transformation of the energy market
    • 7.5 Digital economy transforming the banking industry
    • 7.6 Omni-channel changing Retailing
    • 7.7 Healthcare
    • 7.8 Education
  • 8. Peer-to-peer transport
    • 8.1 goCatch
    • 8.2 Ingogo for taxi drivers
    • 8.3 Uber
      • 8.3.1 Introduction
      • 8.3.2 Sydney
      • 8.3.3 Melbourne
      • 8.3.4 Brisbane
      • 8.3.5 Uber to move into road freight
    • 8.4 Tesla and Airbnb partnering
    • 8.5 Smart Parking - CellOPark
    • 8.6 Divvy
    • 8.7 GoGet – Divvy partnership
  • 9. Other sharing economy developments
    • 9.1 Collaborate Corporation
      • 9.1.1 DriveMyCar
      • 9.1.2 MyCaravan
      • 9.1.3 Rentoid
      • 9.1.4 PeerPass
    • 9.2 ASAP concierge service
    • 9.3 Hipages for tradies in the sharing economy
  • 10. The sharing economy (seperate report)
  • 11. Other Reports
  • Exhibit 1 - How does broadband relate to economic development?
  • Exhibit 2 – Bitcoin and Block chains

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Focus Report Profile

Technologies

Broadband Fixed
Digital Economy
Regulations & Government Policies

Number of pages 26

Status Archived

Last updated 30 Mar 2016
Update History

Analyst: Paul Budde

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