Daily Bulletin

Business Mentor

.

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Support for a quantum commercialisation hub is part of a plan for “critical technologies” that Scott Morrison will unveil on Wednesday.

The government will invest more than $100 million in quantum technology, including $70 million over a decade for the hub to pursue partnerships with “likeminded” countries to commercialise Australia’s quantum research and help businesses find markets and investors.

The government has already signed a co-operation agreement with the United States.

Chief Scientist Cathy Foley will lead the development of a quantum strategy.

Quantum technology has vast potential in computing, defence, and cryptography.

The government’s “blueprint” says critical technologies – which can be digital, such as artificial intelligence or non-digital, such as synthetic biology – are those able “to significantly enhance or pose risk to our national interest”.

“They are fundamental to Australia’s economic prosperity, social cohesion and national security, and are increasingly the focus of international geopolitical competition,” the document says.

Although the blueprint does not spell it out, it is clear that the danger posed by China is one central consideration in the government’s thinking about the need to both advance and protect Australia’s critical technologies.

“Critical technologies confer a strategic edge, and at a time of intensifying geostrategic competition, this can be used to threaten our values, interests and way of life,” the blueprint says.

The critical technologies plan includes a list of 63 technologies but the government is focusing on nine.

These are critical minerals extraction and processing; advanced communications (including 5G and 6G); artificial intelligence; cyber security technologies; genomics and genetic engineering; novel antibiotics, antivirals and vaccines; low emission alternative fuels; quantum technologies; and autonomous vehicles, drones, swarming and collaborative robotics.

Read more: View from The Hill: Scott Morrison caught in catch-22 over the issue of his integrity

In a speech to the Australian Strategic Policy Institute, released ahead of delivery, Morrison says one goal in the government’s blueprint is to “maintain the integrity of our research, science, ideas, information and capabilities – to enable Australian industries to thrive and maximise our sovereign IP”.

Morrison says “quantum science and technology has the potential to revolutionise a whole range of industries, including finance, communications, energy, health, agriculture, manufacturing, transport, and mining.

"Quantum sensors, for example, could improve the discovery of valuable ore deposits and make groundwater monitoring more efficient; and quantum communications could provide for secure exchange of information to better secure financial transactions.

"Quantum technologies will also have defence applications, like enabling navigation in GPS denied environments and helping to protect us from advanced cyber attacks.”

Morrison says Australia leads globally in several aspects of quantum technology, and has a foundation for a thriving quantum industry. The national quantum strategy would better integrate the activities of industry and government.

“I’m confident the new strategy will help position Australia as a quantum technology leader in the Indo-Pacific.”

Morrison says technology reflects the values of the society that creates and uses it.

“We want technology to protect our citizens’ autonomy, privacy and data.

"Australia, like the United States, is committed to playing our part so that rules and norms around technology reflect the values of our open societies.

Read more: Is Morrison gaining a reputation for untrustworthiness? The answer could have serious implications for the election

"But … not all governments see technology the same way,” he says.

“We cannot shy away from the ethical implications of new technologies.

"We need to be asking ourselves what should be done with technology — not just what can be done.

"Ensuring our citizens understand that technologies are safe and secure and working in their interest is fundamental in providing the enabling environment necessary to support deployment.”

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more https://theconversation.com/morrison-spruiks-australias-potential-in-quantum-technology-171975

Business News

How to Get the Best Value When Buying Cardboard Boxes

Cardboard boxes have become an indispensable part of daily life, whether for moving houses, shipping products or simply for storage purposes. The key to making the most out of these versatile contai...

Daily Bulletin - avatar Daily Bulletin

BYD Expands in Australia: Introducing Chinese Dealerships and Pioneering Innovative Operations

Recently, BYD has been generating significant buzz with the launch of its two new stores in Melbourne and Sydney, revealing some exciting developments. Notably, BYD’s Chairman, Wang Chuanfu, graced ...

Daily Bulletin - avatar Daily Bulletin

Deciphering the Intricacies of Scrap Copper Prices in Melbourne: A Comprehensive Analysis

Introduction In the bustling metropolis of Melbourne, where innovation meets industry, the scrap copper market forms an integral part of the city's economic landscape. From the scrapyards scattered...

Daily Bulletin - avatar Daily Bulletin

Tomorrow Business Growth