STARTUP ECOSYSTEM PRELIMINARY REPORT
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DISRUPTIVE TECHNOLOGY<br />
DISRUPTIVE DIGITAL TECHNOLOGIES - POTENTIAL ECONOMIC IMPACT WITHIN WESTERN AUSTRALIA VS NO. <strong>STARTUP</strong>S 11<br />
Automation of Knowledge Work<br />
Mobile Internet<br />
The Internet of Things<br />
Advanced Robotics<br />
Cloud Technology<br />
Autonomous and Near-Autonomous<br />
3D Printing<br />
40% 35% 30% 25% 20% 15% 10% 5% 0 $5B $10B $15B $20B $25B $30B<br />
PERCENTAGE OF <strong>STARTUP</strong>S DEVELOPING<br />
DISRUPTIVE TECHNOLOGY<br />
ESTIMATED POTENTIAL ECONOMIC<br />
IMPACT IN BILLIONS *<br />
*Estimated potential economic impact of technologies within Western Australia in 2025<br />
based on the McKinsey Institute’s 2013 report Disruptive Technologies: Advances<br />
That Will Transform Life, Business and the Global Economy. Note these estimates do<br />
not represent GDP or market size (revenue), but rather economic potential, including<br />
consumer surplus. They are not directly additive due to partially overlapping applications<br />
and/or value drivers across technologies. 9<br />
ESTIMATED IMPACT OF DISRUPTIVE TECH<br />
ON THE AUSTRALIAN GDP IN 2025 (AUD$B) 12<br />
DIGITAL DISRUPTION: CURRENT INTENSITY AND INCREMENTAL DISRUPTION<br />
Source: Deloitte - Digital Disruption: Short fuse, big bang? 1<br />
100<br />
90<br />
80<br />
40<br />
70<br />
60<br />
50<br />
40<br />
6 6<br />
7<br />
10<br />
14 18<br />
22<br />
22<br />
30<br />
25 31 26<br />
26 31<br />
34<br />
37<br />
36<br />
Gross Domestic Product $2,096B<br />
Estimated GDP ‘Disrupted’ Digital<br />
Technology $524B (@25%)<br />
Estimated Revenue for Digital<br />
Technology Companies $115B<br />
(5.5% of GDP)<br />
30<br />
20<br />
10<br />
0<br />
Digital Potential<br />
51 48 43 55 48 44 52 31 51 46 48 45 58 43 48 49 60 54<br />
MANUFACTURING<br />
MINING<br />
ACCOMMODATION AND<br />
FOOD SERVICES<br />
WHOLESALE TRADE<br />
CONSTRUCTION<br />
ELECTRICAL, GAS, WATER<br />
AND WASTE SERVICES<br />
RENTAL, HIRING AND REAL<br />
ESTATE SERVICES<br />
AGRICULTURE, FORESTRY<br />
AND FISHING<br />
ARTS AND RECREATION<br />
SERVICES<br />
HEALTH CARE AND SOCIAL<br />
ASSISTANCE<br />
RECRUITMENT AND<br />
CLEANING<br />
PUBLIC ADMINISTRATION<br />
AND SAFETY/DEFENCE<br />
PROFESSIONAL, SCIENTIFIC<br />
AND TECHNICAL SERVICES<br />
TRANSPORT, POSTAL AND<br />
WAREHOUSING<br />
EDUCATION<br />
RETAIL TRADE<br />
INFORMATION MEDIA AND<br />
TELECOMMUNICATION<br />
FINANCIAL AND INSURANCE<br />
SERVICES<br />
Non-digital core<br />
Additional digital disruption<br />
Current use of digital technologies<br />
17
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