In 2022, the Australian Bureau of Statistics forecasted that the country’s population of 26 million was set to reach between 34.3 and 45.9 million by 2071.

There has been a decline in the proportion of businesses reporting productivity improvements over the last decade.
This trend occurred across most industries and business sizes.
Productivity improvements are more likely to occur in large businesses.
Productivity outcomes differ across sectors.

Robust cybersecurity is now a must-have for small businesses grappling with the wave of digital threats that may risk data, finances, and hard-earned customer trust.

Recent statistics from the Department of Home Affairs shows an average loss of $46,000 for each cyber-attack on a small business. Beyond the immediate financial strain, these attacks can also chip away at customer trust and can seriously damage a business’s reputation. While these costs are more difficult to quantify, they are nonetheless devastating in their long-term impact.

As inflation presents ongoing challenges, small businesses have the opportunity to adapt and thrive by taking a proactive approach to enhancing operational efficiency and innovation. Rising costs prompt a strategic focus on ensuring sustainability and resilience, and by proactively adjusting their approaches, businesses can navigate economic fluctuations with resilience.

As we usher in the era of digitalisation, the banking sector has seen a remarkable shift towards online banking platforms. In fact, according to a recent report, the adoption is highly noticeable across generations, with an extraordinary 95% of Gen Z embracing mobile banking.

History shows us productivity fluctuations follow global crises and technological advances.
AI could be the innovation that boosts productivity, but more investment will be needed to maximise benefits.

Australia’s agriculture sector is a vital driver of the nation’s economy and underpins the livelihoods of thousands. It faces an ever-evolving range of global challenges and influences that significantly affect the operational and financial stability of the industry.

According to global investment experts JLL, “agriculture stands out as a resilient and promising investment avenue amidst market uncertainties”.

In recent times, the adoption of generative AI tools, such as ChatGPT, has witnessed a significant surge, with 29% of Gen Z, 28% of Gen X, and 27% of Millennials incorporating these tools into their professional lives. While the versatility and convenience of generative AI are undeniable, concerns about the security of confidential company information have emerged. This article delves into the intricacies of generative AI, exploring how it functions, potential risks, and measures to safeguard sensitive data.