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Andrew Winlaw, VP & GM Australia/New Zealand at Amelia, emphasises the urgency for Australian businesses to embrace AI’s value promptly.
Data shows 25% of SMEs fear irreversible damage from privacy breaches, inspired by cases like Medibank, Optus, and Telstra, with an additional 25% uncertain about Privacy Act obligations.
NAB’s recent research reveals key insights into Australia’s labor market shifts.
Siimon Reynolds discusses entrepreneurial hunting, the magic of structure, battling boredom, and his passion for his new radio show with Dynamic Business.
During Tax Summit 2023, hosted by The Tax Institute (TTI), experts urged urgent reform for a better future in Australia.
Top stories
Australian companies have a limited time to remove unfair contract terms from their standard form contracts in order to avoid substantial financial penalties, as new legislation designed to protect small businesses goes into effect on November 9.
As security concerns continue to grow, so does the burden on our economy. The cost of cybersecurity measures and other security-related expenses are taking a toll on productivity and could cost Australians thousands of dollars each year. It's time we start considering the long-term implications of this ever-growing cost.
Australia
Apple's market share in China is at risk as Huawei launches new smartphones and the Biden administration continues to tighten US-led sanctions on China's access to technology. Apple may need to diversify its supply chains to mitigate the impact.
China has reportedly discouraged government officials from using Apple iPhones for work, sparking concerns about potential restrictions on the popular device in the valuable Chinese market. The move comes amid ongoing tensions between China and the US over technology, with Chinese officials pushing for the adoption of domestic brands.
Australian Economy
Dr. Philip Lowe, the outgoing governor of the Reserve Bank, may not have had a perfect track record on inflation, but history may ultimately recognize his achievements more favorably. The ever-changing economy is challenging economists to rethink traditional wisdom and shift focus back to fiscal policy.
World
Australian companies have a limited timeframe to remove unfair contract terms or face hefty fines. New legislation designed to protect small businesses goes into effect on November 9, allowing courts to impose penalties up to $50 million.
Apple's market share in China has surged to almost 20% due to US sanctions on Huawei. However, the launch of Huawei's newest smartphone poses a double threat to Apple's dominance in the Chinese market. Read more to understand the implications for Apple and the future of supply chains between China and the West.
China is reportedly discouraging government officials from using Apple iPhones for work, sparking concerns that Apple could lose ground in the valuable Chinese market due to ongoing China-U.S. tensions over technology.
Tech
Elon Musk's lawsuit against the Center for Countering Digital Hate (CCDH) reveals a troubling pattern of silencing criticism on the social media platform. Is this the beginning of a slippery slope?
Microsoft is revolutionizing the service industry with their new Dynamics 365 Field Service Copilot, using AI to eliminate repetitive tasks and combat burnout. Furthermore, they are launching Microsoft Edge for Business, a search engine tailored for organizations.
Curated for you
Artificial intelligence (AI) mistakes, or "hallucinations," in generative AI platforms like ChatGPT are causing concern as their inaccuracies pose significant problems for businesses. While AI leaders acknowledge the shortcomings, the question remains: can these platforms become reliable in the future?
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