Australian economy stories

Advanced launches with $25m to fund Australian startups by advancing R&D Tax Incentive refunds, aiming to boost economic impact and innovation growth.

Talent has been honoured as one of Australia’s top private companies in Deloitte’s 2024 Best Managed Companies awards, standing out as the sole recruitment firm on the list.

Telstra and CommBank have announced an extension to their partnership, introducing new 'Fraud Indicator' technology to enhance fraud detection and protect against identity theft.

The Australian Cyber Collaboration Centre is launching a Voluntary Data Classification Framework to bolster cybersecurity and assist businesses, especially SMEs.

A HubSpot study reveals 40% of Australian firms cite rising costs as their main challenge, alongside data security and intense competition, complicating operations and growth.

The integration of AI with ERP systems is set to revolutionise the Australian manufacturing sector, enhancing efficiency and potentially boosting productivity by 40%.

Australia's fragmented cybersecurity laws face overhaul as new National Cybersecurity Act aims to modernise protection against AI and quantum computing threats.

Cloudera is one of the first to offer operator and commercial support for running Apache NiFI data flows on Red Hat OpenShift, aiding digital transformation in Australia.

Despite 97% of Australian C-suite IT leaders using Gen AI, hurdles include sourcing, protecting and preparing data, with calls for a Chief AI Officer to manage challenges.

Australian and US researchers partner with Oracle to develop BANE, a pioneering platform leveraging AI to combat the escalating cybercrimes such as child exploitation, relieving law enforcement burdens.

Many Australian workers underestimate the influence of Generative AI on their roles, despite evidence that 86% of occupations will be affected, suggests RMIT Online and Deloitte Access Economics data.

KPMG Australia and Stone and Chalk launch new instalment of their Future Technology Program, leveraging start-ups to promote innovative workforce technologies.

GoDaddy's Venture Forward initiative reveals a thriving 'side hustle culture' in Australia due to online tools, with 61% of entrepreneurs reportedly running a lucrative microbusiness alongside full-time work.

Business leaders adopting a data-first strategy face the challenge of meeting customer demands for newer technology while adhering to stricter data security and regulatory requirements, requiring a modern data and AI cloud platform for secure, compliant operations.

GitHub predicts a strategic shift in 2024 leveraging generative AI in Australian businesses following a 231% surge in public AI projects in 2023.

A guide by Settlement Services International and the Australian Computer Society reveals how migrant tech talent could help Australia address its 60,000 strong tech skills deficit.

The third annual Feedback from the Field report reveals that Australian frontline workers value safety over higher pay.

As extreme weather events become Australia's harsh new norm, innovative satellite technology offers hope for better disaster preparedness and response.

Cancellation of Commonwealth Games a missed opportunity for local sportstech businesses, says Australian journalist.

Bob McKinnon, a veteran of the financial services industry, has become the new chairman of Cloudfloat, a platform providing cash flow for small businesses.