Innovations implemented by Australian businesses over the past year have contributed $110 billion to the economy, according to research undertaken by the Commonwealth Bank The second annual CommBank Business Insights Report, which looks at innovation practices and performance of companies with two or more employees and an annual turnover greater than $500,000, indicates that businesses […]
Artificial Intelligence makes headlines every day: alternately promising to save the world, or destroy it completely. There’s no doubt that it holds exciting potential for businesses. A new global study by Capgemini found that 83 percent of firms surveyed reported that AI generated new roles, with three-quarters seeing an uplift in sales related to AI […]
Businesses risk being disrupted if they don’t create environments where people can sit in their ‘challenge sweet spot’, have freedom to express crazy ideas and feel safe to fail meaningfully, according to Dr Amantha Imber, the CEO of innovation consultancy Inventium. Prior to founding Inventium a decade ago, Imber – a 2016 inductee into the […]
Choosing a monopolised market to enter with a new business idea is tough, most people find industries with a major dominant players and high barriers for entry an instant turn off. For instance, the NSW rice industry is the last remaining government controlled monopoly in Australia, meaning rice farmers don’t have control over where their […]
Ever wondered what the secret to being a successful entrepreneur is? A quick Google of “entrepreneur” will reveal a plethora of inspiring quotes, leading the casual reader to think, “If only I had a little more confidence – or maybe a flash of genius – entrepreneurial success would be mine”. Thinking of the need for a light […]
The average manager’s workday is divided into one hour blocks. This is not due to humans naturally working best in one hour increments but because meetings, those seemingly necessary events that seem to dominate the days of office workers everywhere, tend to be scheduled in one hour blocks. Diaries covered in meetings have become so […]
Legislation to remove double taxation on digital currencies, such as Bitcoin, has been passed by Australian Parliament, with fintech industry leaders describing the news as a win for consumers and businesses. The Treasury Laws Amendment (2017 Measures No. 6) Bill 2017 was tabled in Parliament, last month, by Treasurer Scott Morrison. He said the reform, which will […]
Monash University is harnessing video games as part of a digital service to help employers hire talented graduates. According to the university, the game-based job and career matching platform, Monash Talent, provides recruiters and hiring managers with a snapshot of a graduate’s unique characteristics, including their key strengths. Each snapshot is based on how a […]
Hailed as the World’s Innovation Capital, Silicon Valley is often top of mind when a startup founder begins contemplating an expansion into the United States of America to add scale to their business. Operating in the Valley does lend a startup a certain degree of prestige – after all, it has birthed some of the […]
Financial technology startups are growing in Australia, from less than 100 in 2014 to approximately 579 companies today. Many financial businesses see this as a direct threat, but if our country is to have any hope of building a world-class financial services technology industry, the future lies not in competition, but in collaboration. We are […]
