More Australian businesses are using artificial intelligence to power their operations and enhance their productivity, according to new data.
Minister for Industry and Innovation and Minister for Science Tim Ayres today released the latest AI Adoption Tracker , an interactive data platform, which shows that 41% of small and medium enterprises are currently adopting AI - an increase of 5% on the previous quarter.
The data released today also highlights the real value of AI, with 22% of businesses seeing improvements in decision-making speed and 18% highlighting optimised productivity.
Businesses in services and retail are the highest adopters, with most states and territories recording an increase. The tracker also shows the proportion of businesses unaware of how to use AI has fallen to 21%.
The AI Adoption Tracker surveys over 400 Australian businesses each month, to gather insights into how they are they are adopting and using AI and the impact of the technology. All with a focus on ensuring AI is being used safely and responsibly.
The findings are helping to create a real-time picture of the AI landscape in Australia, as the Australian Government works to bolster our comparative advantages and grow the industry through a National AI Capability Plan.
The Plan will build on existing support for Australian businesses, including the creation of a network of AI Adopt centres to upskill Small and Medium Enterprises (SME) and initiatives by the National AI Centre such as the micro skill course 'Introduction to Artificial Intelligence', delivered through TAFE NSW.
The tracker is developed by the National AI Centre at the Department of Industry, Science and Resources in partnership with Fifth Quadrant.
Quotes attributable to Minister for Industry and Innovation and Minister for Science Tim Ayres:
"Australia needs to make the most of the opportunities that artificial intelligence and other emerging technologies like robotics and quantum provide.
"If we get the balance right, it will mean higher living standards for all Australians.
"Globally the AI industry is growing rapidly. As a key driver of productivity, digital technologies have the potential to lift wages, improve services, and improve living standards for all Australians."
Quotes Attributable to Executive Director of the National AI Centre Lee Hickin:
"I couldn't be more excited as I step into the role of steering the National AI Centre.
"This tracker makes clear the appetite for Australia to be a leader in AI adoption is growing and I look forward to supporting business and industry on this journey."
Quotes Attributable to Chief Executive of George Weston Foods Paul Foster:
"AI is adding real value across our operations at George Weston Foods from ensuring compliance to forecasting stock needs and supplier demands. It's helping us respond faster and deliver more reliably for our customers."
