Commonwealth to invest $130.8 million in analytics

The Federal Government has earmarked $130.8 million for the development of new data analytics initiative.

The program, referred to as the Data Integration Partnership for Australia (DIPA), will seek to deliver improved, evidence-based programs and policy based on Commonwealth data stores.

According to a Government release, the DIPA “will maximise [the] use of the Government’s vast data assets, allowing cost-effective and timely insights into data that is already available.”

“The DIPA will create high-value national data assets to build longitudinal data about populations, businesses, the environment, and government to inform the development and evaluation of policies and programs.”

According to Assistant Minister for Cities and Digital Transformation, Angus Taylor, the Government will seek to utilise this data to better redistribute resources across Government agencies, as well as provide an informed basis for policy development and cost-benefit analyses for business and industry.

“The DIPA will coordinate specialised teams focused on social, industry, environmental and government efficiency policies,” Taylor said.

The Government plans to stagger the assigned $130.8 million investment over three years as part of the $500 million Public Sector Modernisation Fund announced in the 2017 Budget.


Related Stories

Aus Gov seeks public feedback on data agenda
The request comes a month after the release of the Productivity Commission’s Data Availability and... Read More
Millennials become dominant presence on CommSec investment platform
More than half of all new customers to CommSec are under 35, many of whom seek investment... Read More
HK's push to become tech ‘investment epicentre’
The Hong Kong Science and Technology Parks Corporation (HKSTP), together with the Hong Kong... Read More
SA Govt announces $4.38 million Global Security Centre
The Centre will create an estimated 50 highly-skilled jobs and form part of NEC’s global... Read More