What a dramatic week for Australia's long-ignored, suddenly centre-stage, technology sector.
It started with a high-profile and largely cheered policy announcement from the federal government on innovation. It ended with the triumphant IPO on the Nasdaq for Atlassian, the most significant technology company this country has produced to date.
Sandwiched between was one of the more riveting (and bizarre) stories we've encountered in a long time, when a previously unknown Sydneysider by the name of Craig Steven Wright emerged as a possible founder of crypto-currency bitcoin.
To add to the excitment, just a few hours after this revelation (looking less and less likely, but still not totally discredited) surfaced in the US technology press (led by the Conde Nast magazine Wired), a leased suburban residence in the North Shore of the city connected to Wright was raided by police and tax authorities. Keep watching.
At this point, it's safe to say that technology has crashed through into the economic consciousness of the nation. For a country where the corporate scene has long been dominated by gigantic miners and resources companies, big banks and domestic oligopolies, it's a big change in mindset, and it's only going to get bigger.
Australians have long been world beaters when it comes to consuming technology. And not bad at creating it. The old mantra goes we're just not good at commercialising it. Only evidence has been mounting the old mantra is wrong, and this week (fiendish hoax or not) the evidence became overwhelming.
Read More: http://www.smh.com.au/business/the-economy/australia-is-showing-the-world-it-can-be-a-force-in-technology-20151210-glk82w.html
It started with a high-profile and largely cheered policy announcement from the federal government on innovation. It ended with the triumphant IPO on the Nasdaq for Atlassian, the most significant technology company this country has produced to date.
Sandwiched between was one of the more riveting (and bizarre) stories we've encountered in a long time, when a previously unknown Sydneysider by the name of Craig Steven Wright emerged as a possible founder of crypto-currency bitcoin.
To add to the excitment, just a few hours after this revelation (looking less and less likely, but still not totally discredited) surfaced in the US technology press (led by the Conde Nast magazine Wired), a leased suburban residence in the North Shore of the city connected to Wright was raided by police and tax authorities. Keep watching.
At this point, it's safe to say that technology has crashed through into the economic consciousness of the nation. For a country where the corporate scene has long been dominated by gigantic miners and resources companies, big banks and domestic oligopolies, it's a big change in mindset, and it's only going to get bigger.
Australians have long been world beaters when it comes to consuming technology. And not bad at creating it. The old mantra goes we're just not good at commercialising it. Only evidence has been mounting the old mantra is wrong, and this week (fiendish hoax or not) the evidence became overwhelming.
Read More: http://www.smh.com.au/business/the-economy/australia-is-showing-the-world-it-can-be-a-force-in-technology-20151210-glk82w.html
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