Hi there,

We’ve had open banking – well, at least the opening of open banking discussions – now it’s time for 'open enerco', and 'open telco' to follow as individuals' rights over what and how their personal data is used receive greater attention from regulators and businesses.

While any changes to the way companies use and protect data internally are unlikely, the ACCC says it will help encourage market competition, ease customer portability and lead to better prices and products for everyone.

With consultation now underway about models to protect the 'Consumer Data Right', we take a look at what it’s all about.

In other news:

Salesforce announces big VC scheme for Aussie startups
Empired eyes public sector opportunity after NZ Govt success
Aussie ‘leader’ in 5G implementation – despite Huawei ban
The ‘real economic gains’ – and risks – to be had in digital identity

Enjoy the read,

Heather Wright
Editor
editor@istart.com.au

AU energy consumer data to be opened in 2020

ACCC turns its focus to the energy industry...

The Federal Government says its Consumer Data Right project to crack open siloed company data in key industries, will commence in the energy sector in H1 2020.

“Improving access to their energy data will help consumers find cheaper services and will promote transparency and innovation.”

[Read more]

Salesforce pumps A$70m into Aus ecosystem, shuns Kiwis

Australian fund misses a trick with parochial play…

Startups in the rapidly expanding Salesforce ISV ecosystem received good news this week, with Salesforce launching a US$50 million (A$70m) VC fund.

"A combination of talent, capital, great research universities and successful exits creates a great network effect."

[Read more]

Empired signs up 4,500 NZ Govt users

Eyes 1.8m user Australian public sector market opportunity...

Empired is launching a new enterprise content, records and collaboration platform into the Australian market, hard on the heels of a big win with NZ’s Ministry for Children.

“What we are trying to do is to give them a platform of capability to allow them to collaborate, to see what’s going on in their regions.”

[Read more]

Kiwis lag behind Aussies with 5G

Australia ranked as a ‘leader’ in 5G, New Zealand yet to allocate spectrum...

While Kiwis may be smug about their broadband in comparison to Australia’s, the shoe is on the other foot for 5G.

“Leaders in the study already have 5G spectrum allocated, backhaul in place and have either launched 5G or are trialling it.”

[Read more]

Digital ID unlocks ‘real economic gains’

But the risk remains for schemes to be abused...

Emerging solutions around digital identification hold the potential to unlock significant financial benefits for companies and individuals, as well as governments.

“Improving customer registration could reduce onboarding costs by up to 90 percent.”

[Read more]

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