News
Australian e-commerce and logistics technology startup Shippit has raised an AU$30m Series B equity round led by US-based technology investment firm Tiger Global alongside local representative Jason Lenga. Tiger Global partner John Curtius said the fund was impressed with the business fundamentals and rapid growth that Shippit had demonstrated. “Shippit has some of the best […]
SWAN Systems, a precision irrigation and fertiliser platform founded by Western Australian farmers has won the global agtech category of international start-up competition, FoodBytes! Pitch 2020. SWAN Systems and NSW ag-tech startup ProAgni were among the 15 finalists selected from an original field of nearly 340 applications from across 14 countries, based on their innovative solutions […]
The Covid-19 pandemic has not only seen us change our ways of working. Cybercriminals have adjusted the way they work, intensifying their focus on low-hanging fruit like the ‘quick fixes’ many organisations implemented to support employees working remotely. According to the Office of the Australian Information Commissioner (OAIC), the number of data breach notifications attributed to ransomware […]
Australian small businesses have been among the more hard hit by the country’s tensions with China, but Dynamic Business would like to help. With the world superpower threatening to slap major tariffs on many industries, the Australian economy may need to field a $6 billion blow to its exports. The Department of Agriculture’s Abares commodities […]
The High Court of Australia has granted labour-hire company WorkPac Pty Ltd special leave to appeal the controversial decision in WorkPac v Rossato in an attempt more clearly define casual employment in Australia. The labour-hire company has been granted the leave in order to appeal the controversial decision of the Full Court of the Federal Court in WorkPac […]
Half Dome, a media and technology business, claimed the top spot on the Deloitte Tech Fast 50 list this year, notching up an impressive 2,390 per cent growth in revenue over three years. Much of this growth has been driven by Half Dome’s persistent focus on people. “You’re only as good as your people and […]
Research from Melbourne Business School and management consulting firm Kearney has found that 50 per cent of companies struggle with data reliability despite an increase in data volume of 20x over five years. The annual Analytics Impact Index measures the impact that data analytics has on an organisation’s growth and profit. The index surveyed 300 […]
ASIC has released guidance on repaying wrongly charged customers, proposing that the seven-year minimum time frame to start consumer remediation and $20 compensation limit be removed. Yesterday ASIC released a consultation paper noting that licensees should “apply best endeavours” to find and pay consumers, listing a raft of guidance on remediation and repayment. Announcing the […]
Australia is no longer in a recession and economic growth is predicted to continue into the December quarter. On Wednesday, the ABS revealed a 3.3 per cent growth number for the September quarter, which is the highest quarterly figure since 1976. This figure would have been higher if there was no second wave in Victoria. […]
Indigenous Australians, mature-aged and young people amongst those to be trained and employed as data analysts in push to close digital skills gap with diverse talent The Digital Skills Organisation (DSO) has announced online learning provider, General Assembly, indigenous ICT training provider Goanna Education and TAFE Queensland as the winners of its first pilot project […]
What happens if two business partners don’t agree on the direction of a business? With no deciding vote in director’s meetings, it can be difficult to intervene – leaving one business partner vulnerable should the other go rogue. A common scenario Take the following example. Let’s say you have a very good business which has […]
Global CRM leader Salesforce has acquired Slack Technologies, a workplace messaging platform, for $US27.7 billion. The transaction is anticipated to close in the second quarter of Saleforce’s fiscal year 2022, subject to approval by Slack stockholders. This is Saleforce’s largest acquisition in its 21-year history. Prior to Slack, Saleforce’s largest acquisition was data analytics specialist […]
A new report has found that women, already disproportionately affected by job losses during the pandemic, face further disadvantage from job hiring algorithms and human bias. The research from the University of Melbourne, commissioned by UniBank, has found that subconscious gender biases greatly influence decisions by human recruiters and are exacerbated in algorithmic sorting models […]
The Reserve Bank of Australia (RBA) has today announced that interest rates will remain at the historic low of 0.1 per cent for the remainder of 2020. The central bank cut rates last month, and have now said they will likely keep the cash rate unchanged for up to three years. RBA Governor Philip Lowe […]
Construction tech company Buildxact has secured $6.0 million in new funds via an over-subscribed capital raise. The funds will enable Buildxact to further enhance its estimate and job management software platform for small residential builders, solidify its leadership position in the ANZ market, and boost its growing presence in the large North American market. The funds come […]
Prime Minister Scott Morrison has announced his government will create a cyber security role next month as part of a ministerial reshuffle. The new role will oversee the government’s COVID-19 economic security commitments. The new role will be tagged to the Home Affairs portfolio, tasked with actioning cyber security legislation and the rollout of the […]
New research has revealed an opportunity for retailers to grow their business and create long-term relationships with customers over the Christmas season. The national survey conducted by Zendesk of 1,000 respondents found that a positive customer experience with a retailer during the festive season will yield long-term customer loyalty (41 per cent) and impact customers’ […]
Treasurer Josh Frydenberg has said the declining number of workers relying on JobKeeper, is a sign that the economy is on track for recovery. Speaking to Today this morning, Mr Frydenberg said the number of workers whose wages were being subsidised by the program dropped from 3.6 million in September to 1.5 million in October. […]
No matter the crisis, belated planning is a recipe for disaster. Crisis and business continuity teams won’t have sufficient time to revisit untested plans, let alone build new ones from scratch. Instead, companies should start putting plans and playbooks in place to manage the effects of disruptive incidents, especially those most likely to occur in […]
The Deloitte Tech Fast 50 list recognises Australia’s fastest growing tech companies. This year, the Fast 50 had an average growth of 435 per cent. The largest category of startups was online/direct to consumer, followed by software, fintech and healthtech. There was also a 15 per cent increase in female representation this year. Four female […]
