RMIT University launches Digital3

RMIT University officially launched Digital3 on November 12 - a new approach to business education linking industry and research to address ways of working in the rapidly-growing digital economy.

Digital3 aims to upskill learners through impactful professional development, equipping them with new skills and real-world solutions to confidently participate in the digital economy.

The new initiative brings together knowledge from RMIT’s world-leading research centers, which are expert at Web3 - a supercluster of digital technologies that includes blockchain, artificial intelligence, the Internet of Things, and virtual reality, among others.

Working closely with industry, the Digital3 team will address the current and anticipated needs of business in the digital economy through education, research, and partnerships.

According to the World Economic Forum, an estimated 70 per cent of new value created over the next decade will be based on digitally-enabled platform business models as the global economy rapidly digitalizes.

The “e-Conomy SEA 2022” report from Google, Temasek, and Bain & Company noted that Southeast Asia’s digital economy is set to hit $200 billion in gross merchandise value in 2022 and is on course to reach $600 billion-$1 trillion by 2030. Vietnam is said to post the fastest double-digit growth in this space.

Digital3 is a door to resources and the world of the digital economy. “At its core, Digital3 provides a simple way to work with a multi-disciplinary group of experts in a collaborative, innovative educational environment,” said Professor Frank Kennedy, Director of Digital3.

He added that with its strong links, Digital3 will be able to quickly bring new skills and thinking into industry, help partners advance business or policy outcomes, and support students to quickly gain in-demand skills needed for the future of business.

Similarly, Professor Claire Macken, Pro Vice-Chancellor of RMIT Vietnam, said Digital3 will be an integral part of executing RMIT’s new Knowledge with Action strategy in Vietnam. “We are part of the communities that we serve,” she added. “So, this new initiative will be a way for us to help raise in-country capabilities for the digital economy, which businesses and policy makers alike recognize as the way forward for Vietnam.”

Digital3 was launched in Australia in late October. By introducing the initiative now in Vietnam, RMIT wants to become a forerunner in the space, connecting industry, education, and research in Vietnam’s emerging digital economy.