Innovation outcomes

This chart shows the novelty of most significant innovations introduced by innovating firms in 2020–21 and 2022–23. Across both periods it shows that only a very small number of innovations introduced by firms are new to the world innovations, but this has grown from 4.7% in 2020–21 to 5.2% in 2022–23. See the full chart value of the data. 

The chart shows the proportion of businesses that have adopted innovations using artificial intelligence, data analytics or the 'Internet of Things' for the financial year 2021–22 for selected industries. It includes the three top and three bottom industries by combined prevalence of these technologies.

It shows that firms in the ICT, mining and utilities sectors have adopted these technologies the most, while other service industries, have adopted these the least. Data analytics is the leading category for ICT (17%) and mining (14.8%), and Internet of Things is similar across the ICT (10.7%), mining (11.2%) and Utilities sectors (12%). Artificial intelligence generally has the lowest adoption across the industries. Note that figures on artificial intelligence are likely to have greatly increased since this survey was conducted, given the rapid increase of the use of generative AI in recent years. See the full chart value of the data.

The metric shows the changes in the preceding 5 year average of labour and multifactor productivity as a percentage for Australia and the U.S. from 2009–10 to 2022–23. It indicates that multifactor productivity growth in the USA remained relatively flat at an average of 0.58%, while in Australia it experienced a mild rise from -0.23% to 0.58% between 2010 and 2023. From 2011 to 2016, labour productivity in the USA experienced a decline but has since mostly recovered, moving from 2.23% in 2010 to 1.71% in 2023. Since 2017, the growth of labour productivity in Australia has been on the decline, which is partly linked to the relatively slow adoption of new knowledge and technologies by businesses. See the full chart value of the data.

This chart shows the percentage of firms (innovation-active firms and non innovation-active firms) that have reported an increase in social contributions, from 2009-10 to 2022-23. It highlights that a much larger fraction of innovation-active businesses, ranging from 8.2% to 17.9%, have self-reported increased in social contributions compared to their non-innovation-active counterparts (3.8% to 5.4%) for the same period. See the full chart value of the data.