Department of Industry,
Innovation and Science
Industry 4.0—also known as the fourth industrial revolution—refers to the current trend of:
Four key drivers enable this trend:
Industry 4.0 is affecting almost every industry worldwide and is rapidly transforming how businesses operate. We’re creating an environment that will allow businesses to grow and compete by embracing new technologies.
The $5 million Industry 4.0 Testlabs for Australia initiative prepares businesses to transition to the smart factories of the future. The initiative will establish five new Industry 4.0 testlabs at selected Australian universities.
The initiative will speed up collaboration between educational institutions and industry, particularly small and medium enterprises. This collaboration will develop the skills needed to take full advantage of the opportunities presented by Industry 4.0.
Testlabs provide a physical space for businesses and researchers to come together to trial, explore and showcase Industry 4.0 technologies and processes. This builds on the recommendations of the Industry 4.0 Testlabs in Australia report [9.1MB PDF].
The Prime Minister's Industry 4.0 Taskforce was formed following the release of the report of the Australia-Germany Advisory Group. The report recommended government and industry collaboration in both countries on Industry 4.0., including initiating a collaborative approach to developing global Industry 4.0 standards.
On 25 April 2017, the taskforce signed a cooperation agreement with Germany’s Plattform Industrie 4.0 [1.6MB PDF] [710KB DOCX].
The Industry 4.0 Testlabs in Australia report [9.1MB PDF], released by the taskforce, examines the value developing global interoperability of standards.
To strengthen the industry-led nature of the taskforce, it was as renamed the Industry 4.0 Advanced Manufacturing Forum and is now owned by the Australian Industry Group (Ai Group). It will lead the next phase of Industry 4.0 activities, focusing on building education, awareness and collaboration between a broader cross section of industry.
We will invest approximately $2.4 billion in growing Australia’s research, science and technology capabilities over the next 12 years to support a stronger and smarter economy.
This funding will include:
As part of the Taking Local Businesses Global initiative, $29.9 million will support the development of artificial intelligence and machine learning capabilities of Australian businesses and workers.
This will include funding for:
The Australian Council of Learned Academies will examine the opportunities, risks and benefits of AI applications and consider its impact. The key findings will cover economic, social, environmental, ethical and cultural impacts that will help guide AI development in Australia over the next decade.
The Council will also examine the opportunities, risks and consequences of the IoT, and consider ways to foster technological leadership while ensuring responsible deployment. The key findings will explore:
Last updated: 20 July 2018
Content ID: 43811