TechDay Australia - Australia's technology news network

Economy stories

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NVIDIA opens Vietnam R&D centre to boost AI innovation
This month
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edutech
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digital transformation
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ai
NVIDIA has unveiled its inaugural research and development centre in Vietnam, a significant step in enhancing the country's artificial intelligence landscape.
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CBRIN boosts ACT economy with AUD $196 million GSP in 2024
This month
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edutech
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digital transformation
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government
The Canberra Innovation Network has boosted the Australian Capital Territory's economy, adding AUD $196 million to its Gross State Product in 2024.
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Accept Cards launches SME-focused cash deposit solution
Last month
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fintech
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cost
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smart
Accept Cards has launched Accept Cash, an innovative solution for SMEs enabling same-day cash deposits amid rising bank branch closures in the UK.
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LG Electronics posts record Q3 revenue despite challenges
Thu, 31st Oct 2024
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consumer electronics
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economy
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revenue
LG Electronics has achieved record third-quarter revenue of AUD $24.23 billion amidst ongoing global economic challenges.
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UK STEM productivity hampered by limited AI tool access
Thu, 31st Oct 2024
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ai
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software development
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productivity
A study reveals the UK’s STEM workforce is losing GBP £64 billion annually due to limited access to advanced AI tools, impacting productivity significantly.
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Hospitality sector shows resilience with 7% sales growth
Wed, 30th Oct 2024
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hospitality
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growth
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economy
Quantaco's Hospitality Industry Update reveals a 7% increase in weekly sales in Q1 2025, highlighting resilience amid rising living costs.
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NSW launches series to boost exports to ASEAN markets
Mon, 14th Oct 2024
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digital transformation
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expansion
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economy
The New South Wales Government has initiated a series of market update sessions to enhance exports to ASEAN, projected to be a top global economy by 2040.
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Fraud & scam complaints reach six-year high at FOS
Thu, 5th Sep 2024
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cx
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martech
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email security
Complaints about fraud and scams hit a six-year high, with more than half involving bank transfers, as cybercriminals target mobile devices, says FOS.
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Hype & Dexter boosts UNICEF Aotearoa donations with HubSpot
Fri, 30th Aug 2024
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edutech
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martech
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cdp
Hype and Dexter's tech integration with UNICEF Aotearoa boosts donations despite economic hardships, facilitating crucial aid for Pacific children.
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What is the Auckland tech hiring market experiencing?
Thu, 29th Aug 2024
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ai
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government
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collaboration
Auckland's tech hiring market sees cautious optimism as Reserve Bank rate cuts uplift sentiment, but slow recovery and 'brain drain' pose challenges.
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nib New Zealand reports NZD $21.2m profit for FY24
Mon, 26th Aug 2024
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healthtech
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productivity
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financial results
nib New Zealand reports a NZD $21.2 million operating profit for FY24 and a 3.1% increase in policyholders, navigating economic and healthcare challenges.
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Australian retailers urged to adopt new strategies amidst crisis
Fri, 16th Aug 2024
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recession
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economy
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customer interactions
As Australia grapples with a cost of living crisis, Convincely CEO Pratik Doshi urges retailers to employ innovative tactics to draw in and retain customers.
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ODI reveals critical AI data issues in the UK's tech sector report
Mon, 29th Jul 2024
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data protection
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healthtech
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ai models
The Open Data Institute's recent report exposes weaknesses in the UK’s tech infrastructure, warning that poor data governance in AI could undermine societal benefits and trust.
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Experts urge UK Govt to prioritise AI & process intelligence
Wed, 10th Jul 2024
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digital transformation
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martech
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cdp
Industry experts call for the UK government to prioritise AI and process intelligence, highlighting the critical need to eliminate inefficiencies and foster innovation to drive economic growth.
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Good as gold: Why Is gold such a prized commodity?
Thu, 20th Jun 2024
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fintech
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risk & compliance
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inflation
Gold remains a prized commodity due to its role as a store of value, a hedge against inflation, and its appeal during economic uncertainty and market volatility.
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Australia's biggest bank and telecom unite to protect small businesses
Mon, 10th Jun 2024
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edutech
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uc
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it training
CommBank and Telstra team up with COSBOA to launch Cyber Wardens, a free training program aimed at safeguarding Australia’s small businesses from costly cyber threats.
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Australian marketers face hurdles in adapting to Privacy Act reforms
Thu, 6th Jun 2024
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digital transformation
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cx
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martech
Australian marketers struggle with adapting to new Privacy Act reforms amid a backdrop of high interest rates and evolving economic conditions, as per a recent Arktic Fox report.
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Generative AI could boost Asia-Pacific economy by $4.5 trillion
Fri, 24th May 2024
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genai
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ai
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productivity
New Accenture research suggests responsible AI adoption could boost APAC's economy by $4.5 trillion in 15 years, elevating GDP growth by 0.7 percentage points annually.
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Tackling the gender pay gap is a gamechanger for everyone
Wed, 22nd May 2024
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edutech
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data analytics
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planning
Closing the gender pay gap benefits us all: from boosting productivity to fostering fairness. Join the movement towards equality and prosperity.
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Boardroom leaders slash tech budgets in tough economy
Wed, 15th May 2024
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digital transformation
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ai
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it budget
In response to economic upheavals, 50% of boardroom leaders, particularly in the US and UK, have shrunk tech budgets over the past year.