Hi there,

Quantum physics deals with explaining the world at the smallest scale, but quantum technology could have a big impact on Australia according to CSIRO.

The research agency says local quantum technology could be a $4 billion industry by 2040, creating 16,000 jobs.

And, while it seems a nascent technology, CSIRO says Australia has plenty of experience – some 20+ years worth – with world-class expertise.

At a time when we’re all still reeling from the economic fallout of Covid, the potential for high value job growth is appealing, but there’s a big gulf between innovation and successful commercialisation.

Turning knowledge into new jobs will take a unified approach from government, industry and researchers. Get it right though, and the payoffs could be a quantum leap.

In other news:

Covid tech: The weird, the wacky and the wonderful
Facebook Shops: Free and open for business
The numbers behind data-driven business success
Wearables start bridging the medical divide

And, at a time when having real-time information about company performance has never been more important, we take a look at the CFO 3.0 and the changing face of financial reporting.

Enjoy the read,

Heather Wright
Editor
editor@istart.com.au

QUANTUM TECHNOLOGY

CSIRO pushes for leap in AU’s quantum tech capabilities

Could quantum computing be Australia’s next cash crop?…

Quantum computing could be Australia’s next cash crop if we play our cards right, says CSIRO.

“Australia often has trouble crossing this valley, where many of our innovations seem to wither.”

[Read more]

NEW INVENTIONS

Mother of invention: Covid spurs new creations

The weird, the wacky and the wonderful…

Just as World War II spawned numerous inventions, so too is the global war against Covid.

The dual sensor thermographic camera can detect a ‘feverish suspect’ and track them in a crowd, notifying a paramedic.

[Read more]

ECOMMERCE

Facebook ups e-com push with Shops for small businesses

Social media giant bets on increased advertising…

Facebook might be billing the launch of its Shops feature as an effort to help with economic recovery, but the company is also betting on the new offerings to bolster its ad business.

“We’ve changed our approach.”

[Read more]

Seven tips for effectively managing your accounts

BUSINESS ANALYTICS

Turning data into revenue

Data-driven companies 58 percent more likely to beat revenue goals…

It’s an often heard refrain: Data is the new gold. But raw, unstructured data by itself is little more than a deposit – just like gold it needs work to provide its true value.

“Data-savvy businesses were 162 percent more likely to say they had significantly overperformed on revenue goals.”

[Read more]

WEARABLES

The new wearables: Diagnosing epilepsy, heart attacks and preeclampsia

Are legal and liability issues stifling further wearable development?…

An Australian project has won funding to help realise the medical potential of wearable technologies through developing wearable bio-diagnostic devices to diagnose medical conditions.

“Getting the tech right and getting it through the regulatory system takes time and money.”

[Read more]

CLOUD FINANCIALS

CFO 3.0 and cloud financial reporting: A match made in heaven

Can working in the cloud make your finance team more effective?…

Is cloud financial reporting a key component for you and your finance team?

Financial data with context and a clear story can be very useful.

[Read more]

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