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IBM Backs Innovation Economics with Research May 21, 2009

Posted by Glenn Irvine in Advocacy, Analysts, Commentary, Futuring, Media.
Tags: , , , , , ,

IBM has commissioned Access Economics to produce a report on the economic value of investing in Smart Technologies and Innovation Initiatives.

Reported today in ZDNet, the research backs the Federal Government’s investment in the National Broadband Network (NBN) and the $100 Million earmarked for the Smart Grid.

“The report maintained that going smart in those areas could cause a 1.5 per cent increase in GDP over 10 years as well as create 70,000 extra jobs to the economy in 2014 alone.

The report looked at scenarios where $3.2 billion was spent on smart grid technology, $200 million spent on water irrigation technology in the Murray-Darling Basin, $6.3 billion on integrated electronic health records, an undefined investment in transport technology, and $12.6 billion on a fibre-to-the-node network.”

It is interesting to see that this research by Access Economics backs the numbers submitted by the Industry during Queensland’s recent State Election.

Time for the Pollies across the board to take our industry seriously. Some Policy Advisors could do well by researching this in depth and advising accordingly.


Glenn Irvine



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