The Hon. Victor Dominello, NSW Minister for Innovation and Better Regulation announced Friday that the University of Technology Sydney will host the national centre for the Knowledge Economy Institute (KEi).
UTS has appointed Dr Mike Briers as its first industry professor and the first Australian Professor of the Internet of Things. Mike will continue to lead the KEi. UTS said that Mike brings vast experience and insight gained at SIRCA, itself a collaboration of more than 35 universities, mainly in Australia and New Zealand, developing global data and advanced tools for big data research and innovation.
UTS announced that it will invest $2 million in the KEi and thanked Sirca for its leadership in establishing the KEi.
UTS Vice-Chancellor Professor Attila Brungs said the digital revolution is making it possible to know things that were previously hidden and see patterns, connections and interdependencies that make complex problem solving easier and better decision making possible.
"The UTS Knowledge Economy Institute will explore how the transformative power of digital technology can be harnessed to solve the biggest challenges facing Australia and the world today," Vice Chancellor Professor Brungs said.
"To compete globally, with much bigger contenders, and to protect and grow our economy as the resources boom declines, Australia must fight to be a leading knowledge economy, be an agile innovator and have the courage to take risks.
"This is why UTS has invested $2million in establishing the Institute and appointed Mike Briers with his invaluable academic expertise and industry knowledge and connections to be its leader.
"Cross collaboration – across disciplines, across industries and in partnership with varied communities will be key to future breakthroughs in innovation. This will be the context from which the Knowledge Economy Institute will operate – for the benefit of society."