Innovation encompasses the creation, adaptation and use of knowledge and technology.
Adoption of ICT innovations, top and bottom industries, 2021–22

'AI' (Artificial Intelligence) examples: machine learning; advanced robotics. 'Data analytics' examples: big data; geospatial technology. 'Internet of things' examples: smart meters, security systems and appliances, wireless logistics tracking. This chart excludes the middle eleven industries based on their total rate of adoption. Source: ABS 2023b
Productivity growth, 5-year mean, Australia and USA

Innovation is a driver of productivity. Australian multifactor productivity has been similar to the USA-benchmark since 2015, while Australian labour productivity growth has been on the decline. Source: ABS 2023a, US Bureau of Labor Statistics 2024