McGrathNicol Advisory launched the findings of its third annual ransomware survey, revealing that 56 percent of Australian businesses have suffered a ransomware attack in the past five years: 42 percent of medium and large businesses have fallen victim to a single attack, while 14 percent have been targeted multiple times. Of those that did suffer […]
Fluctuating economic conditions and resulting impacts mean businesses need to carefully consider the option of a strategic restructure. However, restructures are not without risks. Poorly designed restructuring initiatives often culminate in a slash-and-burn approach that compromises the organisation’s future growth prospects. Such approaches may even result in what we call ‘deck chair reshuffling’ among […]
Calling all small business owners! The 2024 Australian Small Business Champion Awards are now accepting entries. This nationally acclaimed awards program recognizes and celebrates the outstanding achievements of small business operators, highlighting their significant economic, social, and cultural contributions to Australia. In its 26th year, the Awards spotlight the best small businesses in retail, […]
Welcome to AI Weekly, where we delve into the cutting-edge and ever-evolving world of artificial intelligence and bring you concise yet comprehensive summaries of the most exciting AI developments. Retool’s inaugural AI survey Retool, a prominent business software development platform, has unveiled key insights from its first State of AI Survey, polling over […]
In this era of rapid technological advancements and evolving work methodologies, the traditional paradigms of managing time and boosting productivity are being redefined. Organizations are confronted with the challenge of adapting to these changes while fostering a work environment that not only meets but exceeds the expectations of the modern workforce. Our experts in […]
In the final weeks of the year, as many staff and customers head off on summer holidays, business activity tends to slow down. In Australia, it’s a condition that can often stretch until the end of January. Unfortunately, however, the same cannot be said for cybercriminals. Indeed, past experience shows that many take advantage […]
Whilst some SMEs are preparing to wind down over the holiday season, for many Australian businesses this is their busiest time of the year and they’re preparing to make their biggest profits over the Christmas holiday season. Industries such as retail, hospitality, manufacturing and logistics often see an increase in demand in the lead […]
On 28 September 2023, the Australian Federal Government released its formal response to the Privacy Act Review Report, echoing its agreement with a substantial portion of the 116 proposals made in the report earlier this year. The response sends a clear message to businesses that while the legislation to implement change is not yet […]
Bupa has provided funding to six selected start-ups from Australia and New Zealand as part of its Eco Disruptive program. This initiative allows Bupa’s personnel to collaborate with start-ups and social enterprises on innovative solutions spanning various industries to enhance both human health and environmental well-being. In the initial competition phase, these start-ups secured […]
The Australian Consumer Law sees significant reforms in the crackdown on unfair contract terms (UCTs), marking a victory for competition. The National Farmers’ Federation (NFF) applauds these changes, emphasizing the positive impact on farmers and small businesses, creating a more equitable business environment. NFF President David Jochinke highlighted the pervasive use of UCTs as […]