Business
RBA governor Philip Lowe says data investment is vital to nation’s economic recovery – NEWS.com.au
RBA governor Philip Lowe says data investment is vital to nation’s economic recovery
The top boss of the nations central bank believes investment in technology and data will be crucial to Australias economic revival from the coronavirus pandemic. Reserve Bank of Australia governor Philip Lowe said investment in digital infrastructure was vital for the nation to take full advantage of the upswing out of COVID-19, which has accelerated the shift to online business.
Dr Lowe referred to the value of data as the “new oil of the 21st century”, with funding in IT and data science one of…
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