The tectonic shifts in the global economy—from manufacturing to services, from tangible goods to intangible assets—demand more than incremental adjustments to our statistical and analytical frameworks, Australia, a nation increasingly powered by services and innovation, risks undermining its competitiveness by clinging to an outdated framework. The case for adopting modern, flexible, and globally aligned industry classification systems has never been more compelling.

Imagine an Australia where innovation flourishes: industry makes bold R&D investments, universities collaborate, and Government is a partner

Australia has achieved remarkable success in consumer-facing applications. But it faces a crucial challenge developing platform technologies