Committee for Melbourne’s (the Committee’s) members recognise the extraordinary benefits that Artificial Intelligence (AI) is already delivering via efficiency and effectiveness gains in augmented decision-making (e.g. medical diagnosis) and autonomous decision-making (e.g. cybersecurity). Our members also recognise the importance of Melbourne and Australia being at the forefront of the development, adoption and deployment of AI. With the sustained level of investment being made in AI, the pace of advances will continue to accelerate.
In September 2016, the Committee launched its Melbourne 4.0 strategy to help prepare Greater Melbourne for the accelerating speed of innovation and disruption that has catapulted us to the early stages of the ‘Fourth Industrial Revolution’. The Committee’s Melbourne 4.0 project makes it clear that if we keep progressing with ‘business as usual’, the future of our city may not be all that bright. The Committee therefore identified nine strategic needs that we must address if we are serious about underpinning a liveable and flourishing Greater Melbourne in the future.