Andy Austin, Professor and Director of Taxonomy Australia, leads efforts to document Australian species, while Claire Ibrahim, a Partner at Deloitte Access Economics, quantifies biodiversity’s economic value. They delve into taxonomy's crucial role in identifying unclassified species and its implications for conservation and agriculture. The discussion highlights the economic benefits of biosecurity and advanced technologies like machine learning in taxonomy. Moreover, the podcast underscores the Great Barrier Reef's $56 billion economic worth and advocates for integrating ecological factors into economic models.