Developing a level of public understanding and trust around the use of alternative data is essential to transforming what would be digital waste into exciting and innovative solutions. The amount of valuable web data coming out of the global data exhaust will continue to rise. We must use this ‘waste’ to our advantage to tackle climate change and meet key targets while respecting compliance requirements and acting responsibly.
Commpete, Australia’s leading alliance of challenger telecommunication companies, has come out in opposition of proposed merger of Telstra and TPG’s regional and rural mobile networks, calling on the Australian Competition and Consumer Commission (ACCC) to do the same.
For an industry with such a conservative reputation, banking has been upended more times than most. Change has been the only constant, from deregulation to the internet to the pandemic. We’re now on the verge of something else. It's not going just to prompt banking to do what it does better; it's going to shift what banking is – to clients and itself.
There is no doubt that the pandemic has had a tremendous impact on how we live and work today. The past two and half years have seen an overhaul of a system we once imagined untouchable. Terms like hybrid work and remote work sprung forth in a bid to initially fight off the COVID-19 virus but are now household as firms struggle to keep their employees happy.
Threat intelligence has been a part of cyber defense processes in the private sector for long. Many threat intelligence teams were initially composed of classically trained intel operators from the public sector, focusing on gathering data to thwart national security threats.
‘The Great Resignation’ has been at the forefront of every business leader’s mind since the beginning of the pandemic two years ago. But for Australians in particular, it’s further exacerbating the ongoing technical skills shortage that employers have faced for many years. Australia has had to rely on skilled migrant workers to fill highly-sought after technical roles, which only became more difficult when the international borders closed. Despite borders reopening and the business world returning to some semblance of normalcy, the technology skills shortage could worsen with the federal government’s announcement that it will halve the number of migrant workers entering the country on skilled visas in the next financial year.
Over 20 years ago, when Carlos Villazon was riding around town at the tender age of 17 as an apprentice freight forwarder for a local Sydney company delivering paper contracts and handwritten cheques, he had no idea that he would later become one of the most in-demand and valuable business assets during a worldwide pandemic. But that is exactly what has happened, and Carlos and his fellow business partner, Chris Dimitriou are now front and centre of a pandemic supply chain storm helping businesses to navigate the choppy, if not at times, cyclonic, conditions.
The world of work is experiencing talent dynamics like we’ve never seen before. Even during the Global Financial Crisis, we didn’t see the pace of change that’s happening now. Entire industries are being forced to come to grips with the fact that talented employees want to work differently, off the back of the pandemic. On the other hand, there are industries where mass layoffs and restructures have created job uncertainty and unemployment for many.
After two long years, Australian employees are transitioning back to the workplace. According to a recent report by LifeWorks, it's clear that the workforce returning to the office is very different from those that left in March 2020. Stress levels are higher, and general mental health is lower. As such, there’s been an increased focus on workplace mental health and wellbeing, which has led to decreased productivity levels and is driving the ‘great resignation’. So what risks do Australian businesses need to be aware of as employees head back to the office?
Mortgage holders considering fixing their home loan interest rate at the current rates on offer may need to think twice before doing so. The current fixed rate offerings are often significantly higher than variable home loan rates. She said this meant that some borrowers may lose out over the long-term if rates didn’t peak above their fixed rate mortgages.