Organisations are losing one and a half days per week per employee, on manual or repetitive tasks due to ineffective digital solutions, according to a study by software provider MYOB. For a typical mid-market business with 100 employees, this equates to a cost of more than $2.7 million per business, per year. With just over…
The federal government has added new sovereign defence priority areas in recognition of the changing nature of technology for the battlefield. The government’s new priorities are: Robotics, Autonomous Systems, and Artificial Intelligence Precision Guided Munitions, Hypersonic weapons, and Integrated Air and Missile Defence Systems Space And Information Warfare and Cyber Capabilities. Minister for defence industry…
By Peter Roberts It turns out those hippies who dropped out to Nimbin in the 1960s and 70s really were on to something. Their pioneering work as guinea pigs living on wisps of pot and mung beans is rapidly turning into a major industry in growing, processing and manufacture of medicinal cannabis products. Although Australia…
Sydney’s Quantum Brilliance has raised a further $13 million in seed investment to pursue its hardware and software which delivers quantum computing capabilities to existing computer systems without resorting to the low temperatures and lasers required by other QC systems. The venture-backed, Australian-German company raised the funds from investors co-led by the QxBranch founders’ and…
Building resurgence supports Adbri Building products and industrial chemicals group Adbri has reported stronger revenues and profits on the back of buoyant demand from industry and a resurgent building sector. The company saw revenue in the first half rise 7.4 per cent to $752.3 million and net profit after tax up 94.5 per cent to…
The Queensland government is to build the state’s first electric bus depot and has ordered 16 new e-buses to be built on the Gold Coast. As part of the state’s push to source only renewably powered buses from 2025, Keolis Downer will also create the state’s first 100 per cent electric bus depot in North…
Rio Tinto and Sumitomo Corporation today have partnered to study the construction of a hydrogen pilot plant at the Yarwun alumina refinery in Gladstone and explore the potential use of hydrogen at the refinery. The two have signed a letter of intent that focuses on Yarwun as the location for a Gladstone hydrogen plant to…
Ballarat based Bartlett Manufacturing is to supply its hand-sewn canvas tarps to the Australian Defence Force. The company, a manufacturer of woven synthetic fabrics including tarps and blinds, has been awarded ‘a significant contract’ – highlighting the company’s industry leading capabilities and quality workmanship according to a statement. The final contract was executed recently via…
Calix’s strong profit during technology expansion Industrial technology company Calix has boosted revenues and margins as it pushes ahead with major expansions of its technology development and commercialisation programs. The company reported 39 per cent growth in product sales led by its US water treatment businesses which is undergoing expansion. Total revenue was up 22…
The vocational education sector has slumped further during the Covid-19 pandemic, according to new figures from the National Centre for Vocational Education Research (NCVER). According to NCVER in 2020, 3.9 million students were enrolled in nationally recognised vocational education and training (VET), down 6.4 per cent from 2019. An estimated 21.7 per cent of the…
