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Let’s Talk: How to leverage big data and AI for business insights

Latest business news and insights

Author

Maziar Foroudian
June 21, 2024

Latest Stories

Ever felt daunted by big data and AI? Join our experts in Let's Talk, as they uncover how these tools can revolutionize your business through smarter decisions and predictive trends. Stay ahead of the curve with hidden insights!

Enhancing support for Women entrepreneurs! Discover the U.S. Small Business Administration's new $30 million grant initiative aimed at expanding the Women's Business Centers network, including a new center in the U.S. Virgin Islands.

NSW's 2024 Budget's winners and losers among SMEs unpacked: Healthcare and construction feel the boost, while retail, hospitality, and real estate brace for hurdles. Read about the potential business impacts of this strategic pivot.

As the ATO ramps up efforts to collect tax debts, small business owners are urged to stay vigilant. Find out how to stay compliant and prepare for the new financial year with these 8 top EOFY tips. Don't miss out on crucial advice from industry experts.

Are Australian businesses drowning in debt? The Business Risk Index from CreditorWatch paints a grim picture of rising insolvencies, record payment defaults, and a dwindling consumer base. Find out which industries and regions are most vulnerable.

Are you one of the millions of Australians with a desire to own your own business? Find out what's stopping you and how government initiatives and financial support could pave the way for your entrepreneurial dreams.

Navigate your way through complex Industrial Relations laws with this crucial understanding of long service leave entitlements. Unpack the compelling Infosys case study and its implications for small business employers in and out of Queensland.

Australia's e-commerce future looks bright in 2024 with remarkable trends advancing the marketplace. Discover the major developments and how businesses can creatively react to meet surging consumer demands.

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  • Upword: personal AI research assistant

Top stories

Competition Minister Andrew Leigh highlights the need for closer scrutiny of IGA supermarket prices after a report on Coles, Woolworths, and Aldi prices. The report shows significant pricing disparities, with potential implications for consumers and small businesses.

Melbourne startup Maxme, founded by Renata Sguario, raised $400,000 to expand its human skill development programs. With offerings like the Hodie app and Human Skills Academy, Maxme aims to bridge the gap between employees and their jobs, catering to the increasing need for soft skills in the workforce.

Australia

Jules Brooke, founder of She's The Boss Group, created the Australian Women Speakers network to increase female visibility at events. The directory aims to connect event organizers with diverse, talented female speakers, disrupting the traditional speaker bureau model.

A survey commissioned by Small Business Loans Australia reveals that 60% of Australian businesses plan to integrate AI within the next two years. The top AI tools being embraced by SMEs are reporting and data analysis.

Australian Economy

A cold snap on Australia's east coast has caused low wind power generation, leading to a potential gas shortfall. Years of supply restrictions are jeopardizing the country's shift towards nuclear power, sparking frustration among producers and users.

Next week, major superannuation funds are expected to deliver a 9% return, defying fears of geopolitical unrest and inflation. This positive result is driven by strong equity markets, benefiting 15 million Australians.

World

The Bank of England expected to hold interest rates at 5.25%, despite inflation hitting target level. Analysts predict potential rate cut in autumn. Both political parties clash on economic policies as housing costs rise.

Solar power in Spain has led to increasingly cheap energy prices during sunny hours. The spread of solar panels and wind farms across Europe has resulted in surplus power, prompting policymakers to consider efficient market solutions.

Economists define income as “Haig-Simons” income—consumption of goods, change in net worth. Lawyers refer to IRS Code 26, while accountants aim to reduce taxable income. Biden plans a billionaire minimum income tax, as Supreme Court debates taxing unrealised capital gains.

India's stockmarket reacted negatively to Narendra Modi's return to power in a coalition government, with the BSE PSU index for state-controlled companies taking a hit. The unique corporate structure dates back to post-independence state planning.

Tech

Sales skills are crucial for CEOs of companies like Snowflake and Datadog. Aaron Levie of Box became adept at sales as his company shifted to enterprise products. Even if you start off mediocre, practice makes perfect.

Apple, Samsung, and Google are incorporating AI into mobile phones, leading to an increase in data usage. Telecoms networks are using AI to manage increased demand and improve customer service. Experts see AI as essential for the future development of telecoms.

Curated for you

Innovation is the key to survival in the 21st-century business landscape. Companies like Kin, Coursera, and Beyond Meat are disrupting outdated insurance, education, and food sectors, using technology and fresh ideas to thrive.

Antonio Nieto-Rodriguez discusses the rise of project-based work in every industry, with $20 trillion in economic activity by 2027, and the key reasons projects fail. Addressing senior leaders' misconceptions and pitfalls is crucial.

Frances Frei, co-author of "Move Fast and Fix Things," discusses the importance of speed with a focus on fixing rather than breaking. The book outlines a five-step plan to solve problems efficiently by prioritizing trust, relationships, and clear storytelling.

Discover practical advice from Melissa Morris, Brooke Sellas, and Lisa D. Jenkins on streamlining operations and leveraging AI to boost efficiency in your agency. Learn about essential tools like CRM, project management, time tracking, file storage, scheduling, and communication to maximize productivity.

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