As a sector, manufacturing is recognised as one of the most innovation-intensive parts of our economy. High performing businesses have become leaders in adaptation through investment in new technology and practices, and through providing exceptional customer service.
Technologies are converging and companies are grappling with requirements to embed smart technologies within their products to meet customer expectations and an increasingly connected Internet of Things (IoT) system.
Tasmania is home to an increasing number of companies that are readily embracing these emerging technologies and newly emerging advanced manufacturing enterprises are a direct result of new opportunities, markets and products.
Tasmania’s uptake of advancements in digitisation, connectivity, robotics, automation and artificial intelligence, coupled with relatively low staffing and commercial lease costs, provide significant opportunities for businesses to maintain competitiveness in the ever-increasing connected world.
Thriving Tasmanian-based start-ups range from cybersecurity services and circuit board manufacturing to software development and IoT applications.
These companies are broader than information and communication technology providers, they incorporate technology and service businesses with a reach into advanced manufacturing, food and agribusiness, consulting, engineering and other sectors.