In this talk, I reflect on the digital transformation brought about by COVID-19 and look at how digital technologies, such as artificial intelligence, will play a leading role in recovery from economic recession

1. Australia’sNational ScienceAgency
Digital
technologies
and a data
driven future
Prof Jon Whittle
Director CSIRO's Data61 | 2020

2. Risks becoming opportunities
0
50
100
150
200
250
Mar-2014 Mar-2015 Mar-2016 Mar-2017 Mar-2018 Mar-2019 Mar-2020
StockPriceIndex(basedat100on21Mar2014)
S&P/ASX 300 S&P/ASX All Technology Index
19June2020
DataSource:S&PDowJonesIndices
Comparison of digital technologysector against the general market
Slide credit: Stefan Hajkowicz

3. Digital technology-led growth
“A lesson from the 2008 financial crisis was that countries with weaker
innovation systems suffered more from it and that subsequent R&D budget
reductions made them unable to build the innovation systemsthey would
need to become more resilient, knowledge-based economies.”
United Nations Conferenceon Tradeand Development, Policy Brief No. 80

4. Digital transformation underpinned by:

5. RiskLab Smart Ear TagsDigital TwinConsumer Data Right
How Digital is Transforming Industries

6. AI and industry

7. What is AI?
Planning Reasoning
Vision

8. Examples vs
rule-based
approach

9. Spark – bushfire spread prediction Fast Glider – coral reef surveying Structural monitoring sensors –
The Harbour Bridge
Robotics and autonomous systems
for subterranean environments
How is AI transforming industries

12. A brief history of AI's ups and downs
Source:
https://towardsdatascience.com/history-of-
the-first-ai-winter-6f8c2186f80b

15. How AI is Transforming Finance
Regulatory
Compliance
Fraud detection
Personalized
banking
Quantitative
trading
Managing risk
Credit decisions

16. Australia’s AI Ethics Principles
Towards bestpractice for ethical design and application of artificial intelligence
1. Human, social and environmental wellbeing
2. Human-centred values
3. Fairness
4. Privacy protection and security
5. Reliability and safety
6. Transparency and explainability
7. Contestability
8. Accountability
Slide credit: Stefan Hajkowicz

17. Take Aways
- AI is good at specific tasks, not
general ones
- AI is good when 100% accuracy
isn't necessary
- Applying AI works best with
human-in-the-loop
- AI requires expertise; not just off-
the-shelf

18. Australia’sNational ScienceAgency
Thank you
Prof Jon Whittle, Director of CSIRO's Data61