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-------------------------------------------------------------- This story was printed from ZDNet Australia. --------------------------------------------------------------
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Aust R&D spend too low: Intel CEO By Vivienne Fisher, ZDNet Australia September 02, 2002 URL: http://www.zdnet.com.au/news/business/soa/Aust-R-D-spend-too-low-Intel-CEO/0,139023166,120267856,00.htm
Australia needs to spend more on IT research and development if it wants to be a competitive economy going forward, according to a visiting technology CEO. Intel's CEO Craig Barrett used his keynote address in Sydney today to ram home the message that he believes Australia spends too little on IT research and development. While Barrett admitted that Australia had a very high penetration rate in terms of PCs and Internet use, he argued that the country had to spend more on R&D to because it was an investment in the future. He said that Intel outspends Australia on R&D. "Clearly IT investment is critical," Barrett said. Barrett also emphasised broadband, talking up the importance of it in terms of Internet and rich content which were dependent on the bandwidth capabilities broadband provided. "From an infrastructure standpoint [it's] one of the biggest challenges Australia has at the moment," Barrett said. Like other visiting technology proponents, Barrett also spoke of the build out of the Internet. In a statement relating to this morning's presentation Barrett said that over the next several years leading economies would rely on the Internet more heavily. "Countries and businesses that innovate with Internet technologies will benefit from the productivity and efficiency that this merging of computing and communication delivers," he said.
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