Monthly Archives: October 2017 Back

Do computers make better bank managers than humans?

Algorithms are increasingly making decisions that affect ordinary people’s lives. One example of this is so-called “algorithmic lending”, with some companies claiming to have reduced the time it takes to approve a home loan to mere minutes. But can computers become better judges of financial risk than human bank tellers? Some computer scientists and data analysts certainly think … Read more

Tucking into the Australian superfood market

The healthy food revolution has sparked consumer interest in “superfoods”. But there are several foods in our own backyard ripe for picking as SMEs tap into this space. Entrepreneur, nutritional scientist and native food expert Vic Cherikoff runs Australian Functional Ingredients. Among the range of products he markets via his online store are sauces (Illawarra plum), … Read more

VITA GROUP DIVERSIFIES INTO SKIN TREATMENT BUSINESS IN $9.5M DEAL

VITA Group (ASX: VTG) has undertaken a major change in direction with the $9.5 million acquisition of non-surgical cosmetic treatment business Clear Complexions. The purchase marks Vita’s entry into the non-invasive medical aesthetics market (NIMA), estimated to be worth $1 billion a year in Australia, as it looks to diversify away from its current core … Read more

IoT Inc. : how your company can use the Internet of things to win in the outcome economy (book)

Author: Bruce Sinclair Smart products are everywhere. They’re in our companies, in our homes, in our pockets. People love these products. But what they love more is what these products do–and for anyone running a business today, outcomes are the key. The Internet of Things (IoT) is the point of connection between products and the … Read more

MEET THE MBA GRADUATE WHO CONNECTS PEOPLE WITH ANIMALS TO END ISOLATION

ZOE Black is out to prove that often the simplest ideas carry the most impact. Black is the co-founder of Happy Paws Happy Hearts, an organisation which connects vulnerable members of society with RSPCA animals for mutual therapy and learning. After completing her Masters of Business Administration (MBA) at The University of Queensland (UQ), Black launched the … Read more

RISING ENERGY COSTS CURTAILING SME GROWTH; OMBUDSMAN BLAMES PRICE GOUGING, POLITICS

Research showing that SMEs are reducing capital expenditure due to rising energy prices has prompted criticism of the state governments by the Australian Small Business and Family Enterprise Ombudsman. The Ombudsman, Kate Carnell, pointed to the latest East & Partners SME survey* of 1280 businesses, which showed that 39.5% of SMES plan to scale back short-term capital … Read more

Australian startup Spacer just raised $2.7 million then acquired a rival

Storage startup Spacer has secured a $2.7 million series A capital raising round and acquired parking space rival Parkhound. Parkhound’s founders had last year rejected three investment offers on the Ten Network’s Shark Tank television show. This time they agreed to terms with Spacer for an undisclosed amount. The platform, with 55,000 members and 10,000 parking locations … Read more