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Husic suggested economies such as China, Singapore and the United Arab Emirates were making deliberate decisions to be world leaders in AI and while Australia probably would not rival China on the AI front, we could rival other countries in areas where we already had a lead. He said it came down to allocating the right amount of resources, effort, people and capital in the right industry sectors. "It is a challenge to an orthodoxy that has existed here since the 1980s, which is we don't pick winners, but other countries are now actively examining their economic strengths and acknowledging that if they apply themselves in a particular way, they will actually do better," Husic said. Furthermore, if we get it right we can become powerhouses in the region considering where other countries are on their digital journey . For example, in developing countries that have ridden the boom in outsourcing globally over the past decade, increasing automation is putting a strain on their economies, particularly in India, Vietnam, Cambodia and the Philippines. In a recent presentation given by International Monetary Fund managing director Christine Lagarde in the United States on global trade, she said : "Increasing automation is making it easier for companies to repatriate some of their operations – effectively, reversing some of the 'outsourcing' and 'offshoring' of the past two decades." For many of the business processing companies in nations such as India, this increasing automation is destroying parts of their developing economies. Roundtable participant Greg Miller, who is the director and co-founder of workforce analytics firm Faethm, suggested low-level jobs such as those performed by business process companies in India had been early casualties in the move to automation and they were "really struggling, and it's crushing that economy". He said the good news for Australia was these countries now presented an opportunity for Australia. "For example, most of these economies haven't automated their farms yet, whereas you don't see any people on our farms. It's an opportunity where we could go and be the service provider.
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