Australia gained $43 billion for its economy through mobile technology

That figure was generated throughout 2015 and this tech is now expected to boost productivity and workforce participation.

According to the results of a Deloitte Access Economics study, mobile technology last year brought $42.9 billion to the Australian economy and it predicts that it will continue to impact workforce participation while it boosts overall productivity throughout that country and throughout a broad range of demographics.

This already represented a savings of $8.9 billion in workplace participation increases and is predicted to rise.

The figure represented by the revenue from mobile technology for the economy made up 2.6 percent of the total GDP of Australia. It also determined that as a result of mobile tech, approximately 65,000 full time jobs – about one percent of the country’s total workforce – was indirectly supported.

According to Ric Simes, Deloitte Access Economics partner, “Mobile has had a transformative impact on both productivity and labour force participation which, along with population, are two of the ‘three Ps’ we need to get right in terms of driving Australia’s future economic growth.”Mobile Technology - Australia Flag

The mobile technology report was based on the results of a survey that involve the participation of 1,000 Australians.

This data was combined with that collected throughout 37 countries over the last three decades and determined that young people and part-time workers, people with disabilities, people with children, people living in remote areas and people who are on the edge of retirement are using mobile devices to be able to boost their weekly working hours by an average of 0.6 hours.

Among the respondents, 29 percent said that they worked from home at least part of the time. Among them, nearly 15 percent said that they would be required to work fewer hours each week if they didn’t have mobile tech that makes it possible for them to work remotely and while on the go or at home.

According to Australian Mobile Telecommunications Association (AMTA) chair, Matthew Lobb, mobile technology has undergone a considerable evolution since it was first brought to the market about thirty years ago. He pointed out that its continued development is supported by a growing number of advancements such as the Internet of Things, mobile wallets and self-driving vehicles.

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