What you'll find below are some of the best articles on leadership that were shared in the CTOdaily newsletter in 2018.
For more content like this delivered right to your inbox, head to buckhamduffy.com/subscribe.
Innovation and Science Australia have announced a plan to help Australia thrive in the global innovation race. They've come up with a total of 30 recommendations for the federal government as part of the public release of its 2030 Strategic Plan. "The 2030 Strategic Plan is a roadmap delivered to advise the Australian government on how to develop the nation’s industry policies out to 2030." Some of the recommendations include, but are not limited to:
- Prioritise investment in artificial intelligence and machine learning in the medium-to long-term as outlined by the forthcoming Digital Economy Strategy.
- Establish a “National Mission” to help make Australia the healthiest nation. Improve provision and use of open government data by developing government capability and capacity to deliver accessible, accurate and detailed public data.
To view a more comprehensive list of the recommendations follow the link above or click here to find the full report.
Australia is 14th on a list of 20 countries assessed for autonomous car readiness by research conducted by consulting group KPMG. According to the report, the key issues for Australia are improvements to roads and electric charging infrastructure. The criteria used were: policy and legislation, technology and innovation, infrastructure and consumer acceptance. In 2013, Australia’s Logistics industry is estimated to account for 8.6% of GDP, adding $131.6 billion to Australia’s economy and employs roughly 1.2 million people, according to the Australian Logistics Council. Will we be ready for the disruption autonomous cars will bring?
Scientists from CSIRO have designed a water purification filter from graphene called 'Graphair' that's simple, effective and cheap. The new filtering technique is so effective, water samples from Sydney Harbour were safe to drink after passing through the filter. One of the scientists said that Graphair "can replace the complex, time consuming and multi-stage processes currently needed with a single step." Graphene is the world’s strongest material and can be just a single carbon atom thin - though it's usually water repellent. Using their Graphair process, CSIRO researchers were able to create a film with microscopic nano-channels that let water pass through, but stop pollutants.
In a world first in financial services, the ASX's industrial-scale distributed ledger will be used to clear and settle the $2 trillion cash Australian equities market. "Digital Asset's distributed ledger technology is similar to the blockchain underpinning bitcoin because it will create an immutable, synchronised record that serves as a provable, single version of the truth that all parties can rely upon. But unlike bitcoin, the application will not require transactions to be validated by a public network of power-hungry computers using a 'consensus mechanism', which in bitcoin replaces the work of a central, trusted party. Instead, the ASX will remain a trusted entity and the system will be a private, 'permissioned' network with known participants."
According to a new report, a total shift to renewable energy would pay for itself through cost savings within two decades, and ultimately save Australians $20bn a year in combined fuel and power costs. The report says that the electricity market should act more like the internet. “Right now, people are completely beholden to a clunky, centralised electricity system and the handful of companies that dominate it. By shifting the electricity network business model from analog to digital, millions of us could trade clean energy locally, instead of a few big centralised generators selling us their polluting power from far away. “Imagine a website that lets you easily buy your electricity from your neighbour, or get it from the nearby solar garden that you part-own, or the wind turbine at your friend’s farm at the edge of town.”
Australian technology startup Myriota has raised $19.4 million in an effort to launch satellites the size of shoeboxes to orbit 500 kilometres above Earth as part of an internet of things network. CEO Alex Grant said said Myriota planned to have as many as 50 of its own nanosatellites orbiting Earth within five years. Myriota's trial clients for its "network-as-a-service" have mostly been farmers using it to monitor water levels. "One of our nanosatellites orbiting 500 kilometres above Alice Springs can see all of Australia at once, so for these big farming companies we can replace the very expensive and time-consuming system of site visits to check water levels, or soil moisture for crop management," Grant said.
Rio Tinto has installed an autonomous rail system as a part of their $940 million rail plan. These trains "are proving to be faster, more efficient and save one hour in each 20-hour trip that’d usually be needed to change drivers at the end of their shift. The system is also allowing operators to schedule more services across the company’s 1,700-kilometer network."
According to a recent report from Australia's Senate committee, Australia's dream of being "one of the top three digital governments in the world that other nations can look to for guidance and inspiration" by 2025 is just that -- a dream. The 146 page report stated that “it has become clear to the committee that digital transformation is a policy area beset by soaring rhetoric and vague aspirations by government, largely unconnected to the actual policy activities actually undertaken.” The future of every industry has digital components to it -- there's no escaping it. For Australia to remain globally competitive our digital capabilities need to dramatically improve.
Researchers at CSIRO have developed a breakthrough hydrogen fuel technology which allows hydrogen to be more safely stored and transported, improving its viability as an energy source. Historically, hydrogen has been hard to work with as a fuel when compared to gasoline as it's a gas at room temperature and quite volatile, making it hard to store and transport. We have to expend energy to compress it, and even having done so, it still contains far less energy than the same volume of gasoline. The new method developed by CSIRO that uses a unique membrane technology that enables us to turn ammonia into very pure hydrogen. This means that we can ship the fuel in the form of ammonia for it to be converted at its destination, increasing the amount of energy that can be transported, reducing the hazards of moving it. Using hydrogen as a fuel for transport is one way we could dramatically reduce global green-house gas emissions as it can be generated using renewable sources and the emissions from its use are water. This development could mean big $$ for Australian companies, as there's a growing global demand for hydrogen fuel. Car manufactures Toyota and Hyundai have invested millions of dollars into hydrogen-powered cars, and there are already tens of thousands of these cars on the roads in Japan, South Korea and Singapore. Why use hydrogen fuel instead of batteries? One of the main considerations is time. The Tesla model S takes roughly 40 minutes to go from 0 to 80% charged. This is far too long considering it takes 1-2 minutes it takes to fill up your car. With a hydrogen-powered car, you just fill it up as you would as if you were using fossil-fuel powered car.