Australian economy stories - Page 5

Full adoption of e-invoicing could boost Australia's economy by AUD $22.5 billion annually through productivity gains, faster payments, and fraud reduction.

Willis launches Zest Insurance, a digital platform offering tailored, fully online insurance solutions to Australian SMEs, starting with admin and support sectors.

Australian businesses are urged to adopt responsible AI governance to harness innovation while ensuring ethical, secure, and inclusive technology use in the AI age.

Ofload warns Australia’s freight sector faces major disruption after refrigerated transport firm Don Watson Transport collapses, threatening supply chain stability.

AWS is launching AI Spring Australia to boost local innovation, supporting startups with new AI programmes and expanding cloud infrastructure investment.

Bundaberg leads Australia in small business growth with a 178% rise in startups last year, outpacing Sydney and other major cities.

A study reveals 'Tech Neck' affects 68% of Australian women, linked to screen use; ergonomic habits and breaks can reduce prevalent neck pain.

New Zealand leads per capita Australian wine consumption at 9.38 bottles yearly, with the UK and Denmark close behind in a AUD $7.2 billion export market.

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.