IT company Insitec and communications and maritime navigation equipment supplier Electrotech Australia have announced their merger, forming a new defence industry entity named Sovereign Capability Group (SCG). According to Jim Bancroft, Chief Growth Officer at Insitec, the move positions SCG as a new local prime systems integrator. “I believe our trusted relationships and strong reputation…
By Vitomir Kovanovic, University of South Australia Less than two years ago, the launch of ChatGPT started a generative AI frenzy. Some said the technology would trigger a fourth industrial revolution, completely reshaping the world as we know it. In March 2023, Goldman Sachs predicted 300 million jobs would be lost or degraded due to…
Primary steel producer BlueScope Steel today reported FY2024 net profit after tax (NPAT) of $805.7 million – a $203.5 million decrease on FY2023 – the result coming with a warning of challenges ahead. In a statement the Managing Director and CEO Mark Vassella said: “Underlying EBIT for the year was $1.34 billion, representing a solid…
The federal government has announced $12 million in funding, which it says will help the ten Jobs and Skills Councils (JSCs) study workforce challenges and identify industry-led responses, in consultation with Jobs and Skills Australia and vocational education and training (VET) industry stakeholders. The announcement on Monday morning came at the beginning of National Skills…
The obsession of universities with growth through international rankings that attract fee paying foreign students has let Australia fall behind in its ability to create new, breakthrough scientific knowledge. Here Dr John Howard argues that universities talk about ‘punching above our weight’ in publication output, but they have generated only four breakthrough discoveries in the…
To Geoff Wadsworth, co-CEO of Toowoomba, Queensland based Russell Mineral Equipment, resilience is having the right supply chain, and the right materials, skills and capabilities to make sure you can satisfy customer needs when they want them. A speaker at @AuManufacturing’s upcoming webinar – Lessons in Resilience – to Geoff that means not only optimising…
