All Australians will benefit from a sensible approach to artificial intelligence, as outlined by the Productivity Commission today, ensuring workers, businesses and the community aren't left behind the rest of the world.
Business Council Chief Executive Bran Black said the PC's Harnessing Data and Digital Technology report was right to recommend applying existing laws and protections to the rollout of AI.
"AI can help us work smarter, not harder, supporting workers and businesses to spend more time on the things that matter most," Mr Black said.
"The PC has recommended a sensible middle ground approach to regulation, using existing laws to ensure the AI opportunity is realised while providing appropriate protections.
"The PC's approach is backed by an alliance of nearly 30 industry groups who say AI should be harnessed to boost living standards for all Australians.
"History shows the ACTU's approach of trying to cut off Australia from global technology change will not work, and it will simply mean our community misses out on the benefits."
Mr Black said the BCA's Accelerating Australia's AI Agenda report highlighted the importance of AI skills and training for the Australian workforce.
"It will be critical our workforce has the right training and skills to adopt AI and business, with government having an important role to play."
AI is already improving the lives of many Australians and supporting safer and more productive businesses:
- AI-driven farming techniques are being used to predict and prevent challenges such as crop disease
- Energy companies are using AI to better manage the energy grid and identify and prevent outage risks
- Construction and mining companies are using artificial intelligence to spot risks and make sites safer for workers
- Manufacturers are using AI to forecast machinery maintenance needs, so there are less breakdowns in the supply of the things we need
