Leaders are key to adopting technology, RBA study finds

Australian firms use GPT better if executives have tech background or are female, research says

Reserve Bank of Australia
The Reserve Bank of Australia
Photo: Alex Towle

Firms’ leadership is a key factor in how likely they are to profitably adopt general-purpose technologies (GPT), a study by the Australian central bank finds. 

Adopting new technologies is a key driver of productivity growth, the Reserve Bank of Australia research notes. But Australian firms have been slower than their US peers in adopting GPT, Kim Nguyen and Jonathan Hambur say in their paper. 

The authors compiled a database to understand Australian firms’ adoption of GPT including cloud

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