Why is this outcome important to Auckland?
Auckland’s economy needs to be consistently agile and innovative. This is particularly important in an age of rapid technological change.
International connectivity is also critical to Auckland’s economy and success. We must deliver products and services to markets across the globe in timely and sustainable ways.
In recent decades there has been a shift in global economic power towards Asia’s increasing prosperity. This provides Auckland with a greater opportunity to make the most of its geo-strategic position We also have immense potential in the growing numbers of young people living in Auckland who will need to play a significant role as future innovators and entrepreneurs within the economy.
Technology is already disrupting business models, employment opportunities and consumer behaviour. The predicted scale of future change is so great it is described as the fourth industrial revolution. This revolution will continue to alter both labour participation and productivity.
The scale and rate of change will affect many industries in different ways and at different speeds. Innovation among enterprises of all sizes can provide Auckland with the resilience to adapt in a rapidly changing world.
Changes for individuals and organisations will be both positive and negative, as new jobs are created and existing jobs disappear. To prepare Aucklanders for these shifts, we need to develop timely training and retraining opportunities for all ages. Employment opportunities must also be supported by good transport and digital networks.
Having the right skills for the future requires everyone to work together to provide appropriate skill development in innovation areas which include the creative and information technology sectors. We must also fill skill gaps such as those in the construction sector and in core public services such as nursing and teaching.
Culture and practices need to change to ensure learning opportunities are available, starting in early childhood and extending throughout life, so that continuous learning becomes second nature. This will provide people with the life skills they need to be fulfilled and to thrive in their families, communities and in their work.