The Digital Economy: It's the Economy Stupid

Presentation to the Australian Computer Society

Summary

The Digital Economy is The Economy as everything we do is digitised and everything will soon be connected to everything else. Technology is vital to “Creating Better Ways of Working Learning and Living” but technology is not sufficient. The connected economy will not achieve its full potential without better ways of organising and managing people and things.

Our Challenge

Our challenge today is to realise that vision. In this election year we need to hear from our political leaders about how they will help us realise this vision for the connected economy. Such a vision requires more than technology it requires systems that build trust in data, applications and people, frictionless payment systems, online security so that people and communities feel safe, new legislation to ensure that intellectual property rights work in this connected economy and root and branch taxation reform of the global and national taxation systems to meet the demands of the connected economy.

Australian Computer Society Digital Economy Conference 21 May 2010

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#### Solutions Required 1. An automated, online copyright registration system that provides permanent but limited copyright for all digital assets. 2. A frictionless payments system that is open to competition and where banks are responsible for protecting transactions and people’s identity online. 3. Walled gardens where citizen are safe to conduct transactions where their identify and reputation has some form of protection and guarantee. 4. Global and nation state taxation systems that are equitable in the global connected economy.