Exponential technological transformation is changing the way we work. The workforce needs new skills to capitalise on the opportunities that arise from big technology shifts. What’s the biggest single opportunity to close the digital skills gap? It’s women.
Australia has a shortage of workers with up-to-date digital skills. More than a third of businesses surveyed for this report say they lack or have outdated Generative AI and digital transformation skills. In addition, 1.3 million technology workers are needed in Australia by 2030, yet the Government’s target is just 1.2 million. That’s a difference of more than 100,000 workers, equivalent to 10% of the current technology workforce.
This report provides a fresh look into how women may be the solution to Australia’s digital skills challenge. It estimates women reskilling into technology could earn them $31,100 more per year on average, and the collective benefit to Australian medium and large businesses is $6.5 billion from accessing this additional technology talent. It explores what businesses are currently doing to improve diversity in technology, what more could be done, and quantifies the benefits to businesses, and to women, from reskilling into technology roles.