Sunday, February 5, 2023

Less than a third of SMEs have a healthy digital presence, Navii says

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Small to medium-sized enterprises (SMEs) are doing less than a third of what’s required for a healthy digital presence, according to data from Navii’s Digital Health Check. The data, based on a survey of 602 small to medium-sized enterprises, saw an average score of just 32.2% on a test of overall digital health, which tracks website, SEO, and social media best practices.

Australian businesses are expecting their teams to do more with less

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Smartsheet, the global enterprise platform for modern work management, released its inaugural annual Future of Work Management Report which surveyed thousands of Australian employees about project and process management at their workplaces. According to its findings, the majority of project management teams in Australia are feeling rising pressure to do more but within tight deadlines and without the support of dedicated resources. 

Only 27% of Australian property investors are female, PIPA says

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New research has highlighted the disparity between property investor genders with 27% of women indicating they own investment property. The 2022 PIPA Annual Investor Sentiment Survey asked survey respondents for their gender for the first time in its eight-year history.  The co-authors of the 2022 Australian personal finance and investment business book of the year, The Female Investor: Creating Wealth, Security & Freedom Through Property, Nicola McDougall and Kate Hill, said lower rates was another financial headwind women faced.

Nearly half of SMEs will focus on growth in 2023 despite recession

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From bushfires, floods, lockdowns, inflation and labour shortage, Aussie businesses have faced unprecedented challenges in recent years. In 2022, Australia also recorded the largest quarterly rise to the cost-of-living index since the September 2000, with many economists predicting a recession for Australia in 2023. Despite these obstacles, new research reveals that half (48%) of SMEs are looking to expand this year, despite the risk of recession.

Similarweb’s report reveals Australia’s fastest growing online brands in 2022

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With its annual Digital 100 ranking for 2022, Similarweb is recognising 10 top-performing digital domains from 10 categories, ranked by growth. This year’s winners include a range of services from robot vacuum cleaners to designer fashion and online car dealerships. This ranking is based on traffic from Australian desktop and mobile web internet users, focusing on digital domains that were active throughout 2021 and averaged at least 100,000 monthly visits in 2022. Parallel reports for the United States, UK, Germany, France, and Japan, are also being released, and separate reports for additional countries will follow.

Most Aussies believe immigration boost will benefit the economy

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The Federal Govt is planning its 2023-24 Migration Program, and has sought submissions from the public on the ideal size and composition of its intake from July. Research reveals that 84% of Aussies support this year’s boost in immigration numbers, largely due to the economic benefits. Since the program, job vacancies in Australia have dropped from 480,000 in May – more than double the 277,000 vacancies in Feb. 2020 – to 444,200 in Nov. 2022.

Smartsheet’s report uncovers new truths about project management

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Smartsheet, the enterprise platform for modern work management, released its inaugural annual Future of Work Management Report. The organisation surveyed thousands of Australian employees about project and process management at their workplaces. The report found that over 4 in 5 Aussies (83%) say projects at their firm are sometimes, often or always managed by people who do not have a formal project management title or role, which has created “citizen project managers'' who are stepping up to fill the gap.

LaunchVic’s hunt for Victoria’s next wave of unicorns back on with 30X30

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LaunchVic is on the hunt for the next wave of tech unicorns with expressions of interest for its 30X30 program open. Launched last year with a cohort featuring Mr Yum, Seer Medical and July, 30X30 is an executive education program at Victoria’s fastest growing scaleups. The four-month program will see scaleup talent paired with mentors from existing unicorn ventures such as Atlassian, Canva, Culture Amp, Judo Bank and Carsales to address common bottlenecks for scaling companies. Selected scaleups will also receive $6,000 funding for new market entry from the Victorian Government’s Trade Agency, Global Victoria.

Start Beyond’s Oncio platform set to revolutionise workplace training

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Australia’s virtual (VR) and augmented (AR) reality studio Start Beyond launched their mixed reality platform Oncio, which is set to transform training programs across several industries. From cutting costs and reducing training time to improving knowledge retention and increasing speed to proficiency, Oncio enables businesses to build immersive learning experiences via augmented and virtual reality, revolutionise their e-learning programs, transform their learning and development processes and start building the future of learning. 

Odoo opens local office in Varsity Lakes to support Australian SMEs

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Odoo is an all-in-one open source business software with a $3.2bn valuation. Odoo opened a new office branch in Varsity Lakes, Gold Coast and is looking to hire at least 20 local talent by the end of 2023. The goal is to expand Odoo's mission to help SMEs in their journey to digitalisation and provide them with tools to grow their business and simplify daily operations.