BI / Research

Data is everywhere but most businesses are not making full use of it

Less than one in 20 Australian businesses are utilising their data properly. That’s according to a survey conducted at a recent Commonwealth Bank event, which was looking to highlight the power of data and related analytics. The survey also suggested that Australian businesses are not making full use of the […]
Data is everywhere but most businesses are not making full use of it
BI / Research

Here’s how blockchain is transforming corporate sustainability strategies

Sustainability and the environment are becoming increasingly important issues for businesses. As customers and employees, as well as regulators, put more focus on corporate governance and environmental practices, companies need to ensure these issues are a key part of their strategy. Recent research has shown that younger employees in particular […]
Here’s how blockchain is transforming corporate sustainability strategies
BI / Research

Effective goal setting can actually motivate employees

Most executives wouldn’t be surprised to learn that many workers fear the annual performance review. They often find the whole system de-motivating, and academic research has suggested it is not always very effective. A recent article by McKinsey and Company suggests that this can be changed, and that an effective […]
Effective goal setting can actually motivate employees
BI / Research

Biometrics can be used for more than just security

While facial recognition on a smartphone is relatively new, the use of biometrics in identification is older than most people realise. Governments have been using biometrics – the authentication of an individual by evaluating one or more unique biological traits – for over a century, ever since fingerprinting was used […]
Biometrics can be used for more than just security
BI / Research

This is how Blockchain could help fight corruption

Blockchain or “distributed ledger” technology has been receiving lots of attention recently. A new report from US think tank the Brookings Institution suggests that blockchain could help to provide a method to fight corruption by making transactions easier to track. The Brookings report suggest that using blockchain could help prevent […]
This is how Blockchain could help fight corruption
BI / Research

Here are steps modern organisations can take to avoid data breaches

When details emerged last year about the personal information of dozens of Australians being sold on the darknet following their theft from Medicare, one of the most worrying aspects was that the data breach at the government agency, which occurred the previous year, wasn’t discovered until officials read about it […]
Here are steps modern organisations can take to avoid data breaches
BI / Research

‘Culture eats strategy for breakfast’ — McKinsey

If executives want to make effective management decisions, they need to be aware of their own biases. Unconscious biases can have a big impact on how businesses approach strategy and how they review past successes and failures. A new report by McKinsey warns that executives need to be aware that […]
‘Culture eats strategy for breakfast’ — McKinsey
BI / Research

Sustainability is now one of the key drivers of employee retention

Sustainable business practices are becoming more “front of mind” for senior managers. A survey by McKinsey Global found that companies are increasingly formalising the way they govern sustainability programs. Companies are also elevating the importance of diversity and inclusion. Nearly six in ten respondents to the survey say that their […]
Sustainability is now one of the key drivers of employee retention
BI / Research

Recycling could save the global economy $4.5 trillion by 2030

“Reduce, reuse, recycle” is going global, and for good reason. Known as the “circular economy”, it refers to the practice of re-using, re-cycling and repairing items rather than disposing of them. Waste from one process can also be used as an input to another. Although often seen as a way […]
Recycling could save the global economy $4.5 trillion by 2030
BI / Research

When managers should ‘trust their gut’ — and when they shouldn’t

Nobel Laureate Daniel Kahneman and psychologist Gary Klein have published an article looking at whether managers should make decisions based on “gut feel”. The two authors were interviewed by McKinsey and Company to discuss their research. Kahneman and Klein told McKinsey that they believed the corporate world favours “lucky risk […]
When managers should ‘trust their gut’ — and when they shouldn’t
BI / Research

The Australian government is getting closer to a universal online ID system

The Australian government is working on a single digital identification system for citizens. The federal minister for digital transformation, Angus Taylor, notes that “at present the Australian Government has more than 30 different logins for digital services. Not only does this create extra work for users, it represents unnecessary expense […]
The Australian government is getting closer to a universal online ID system
BI / Research

We’re one step closer to completely automated supply chains

A recent report by McKinsey suggested that, in the near future we could see autonomous container ships sailing the world’s oceans. McKinsey believe that the whole transport chain could eventually be automated, with autonomous trucks delivering containers from the factory to the port where they are loaded by automated cranes. […]
We’re one step closer to completely automated supply chains
BI / Research

How the Internet of Things could lead to cheaper insurance

Even though it’s a hot topic of conversation, the Internet of Things (IoT) right now is just that – conversation. Its true impact is yet to be felt. The BI Intelligence report on IoT estimates that more than 34 billion devices will be part of the IoT network globally by […]
How the Internet of Things could lead to cheaper insurance
BI / Research

Why targeting high growth firms with policy change doesn’t work

Targeting high growth firms is a tempting objective for policy makers but a report on Australia’s innovation system by the federal Department of Industry, Innovation and Science suggests that this does not necessarily work. Rather, the report suggests that policy makers should concentrate on creating the general conditions conducive to […]
Why targeting high growth firms with policy change doesn’t work
BI / Research

Car dealerships have fallen behind manufacturers in their online offering

Car dealerships aren’t keeping up with the innovation sweeping the rest of the automotive industry. A recent report by consulting firm Bain and Company found that technological innovations in motor vehicles have advanced rapidly in recent years, improving safety, performance and reliability. Electric drivetrains are becoming mainstream, and the widespread […]
Car dealerships have fallen behind manufacturers in their online offering
BI / Research

This is how automation will shake up the global shipping industry

A recent report by consulting group McKinsey considers the future of the container shipping industry in the digital age. How could technology impact this important part of global trade? McKinsey notes that the last big change was in the late 1960s when container ships were first introduced by US shipping […]
This is how automation will shake up the global shipping industry
BI / Research

This is why we should be solving traffic congestion

According to the Australian Bureau of Industry, Transport and Resource Economics, traffic congestion in Australian capital cities cost an estimated $16.5 billion for the 2015 financial year, having grown from about $12.8 billion in 2010. Congestion and associated costs are not just an Australian problem. Cities are the heart of […]
This is why we should be solving traffic congestion
BI / Research

Robot job interviews are here

Artificial intelligence and robotics are finding their way into more and more functions within businesses. One area that is gaining traction is the use of automated or “robot” interviewers. In seeking to curb bias in its selection of junior employees, investment bank Goldman Sachs plans to discontinue on-campus interviews for […]
Robot job interviews are here
BI / Research

Why too much data can cause trouble for companies

Big data and customer analytics offer a lot of promise for companies – but a report by McKinsey and Company has found that what customers want and what businesses think they want are often two different things. Offering too many choices, or trying to analyze too much data can actually […]
Why too much data can cause trouble for companies
BI / Research

China’s social transformation, in 4 astonishing charts

The Economist last month declared Chinese president Xi Jinping “the most powerful man in the world”. The declaration came as Xi cemented his grip on power for another five years at the Communist Party’s National Congress in Beijing. It also involved an unusual step: recognising Xi by writing his leadership […]
China’s social transformation, in 4 astonishing charts
BI / Research

Augmented Reality could boost retail, but consumers are wary of the ‘Big Brother’ effect

Augmented reality shopping apps can provide consumers with richer experiences and greater value that can lead to increased store footfall and conversion rates for bricks-and-mortar retailers, according to research from Warwick Business School. Bricks-and-mortar retailers face increasing pressure from online competitors, but the study suggests that AR is able to […]
Augmented Reality could boost retail, but consumers are wary of the ‘Big Brother’ effect
BI / Research

‘Chatbots’ are revolutionising the way companies provide financial advice

Artificial intelligence, machine learning and automation are slowly entering the world of customer service. While many of us already interact daily with digital assistants such as Apple’s Siri or Samsung’s Bixby, these smart services are increasingly being commercially to assist with online customer enquiries. Australian superannuation fund REST has “Roger” […]
‘Chatbots’ are revolutionising the way companies provide financial advice
BI / Research

Agriculture exports to China will soon equal iron ore

The Chinese economy is transitioning from a dependence on investment spending and infrastructure projects towards consumption and services. This provides many new opportunities for Australia in areas such as food, wine, education and tourism. These “newer” exports are likely to continue to grow strongly and take over some of our […]
Agriculture exports to China will soon equal iron ore
BI / Research

The World Bank has good news for tea and coffee drinkers

The World Bank has published its latest commodities outlook, providing a detailed market analysis for major commodity groups, including energy, metals, agriculture, precious metals, and fertilizers. The report includes price forecasts to 2030 for more than 45 commodities. In good news for tea and coffee drinkers, the bank is forecasting […]
The World Bank has good news for tea and coffee drinkers
BI / Research

Australia’s digital economy could be falling behind

Australia’s use of eCommerce has stalled, according to an OECD report. The OECD Digital Economy Outlook 2017: ICT usage and skills report provides an extensive outline of adoption and use of digital technologies in OECD countries (plus Brazil, Colombia and Lithuania). The UK had the highest percentage of the population […]
Australia’s digital economy could be falling behind
BI / Research

The dramatically inflated hacking risks in an IoT world

A report by the think tank Chatham House notes that as more smart devices with weak or no security connect to the internet, the world will become more exposed to attacks like the ransomware that hit Britain’s NHS. One worrying area of vulnerability is self-driving cars. Hannah Bryce from Chatham […]
The dramatically inflated hacking risks in an IoT world
BI / Research

Smashed avacado could actually be leading the property boom

Plenty has been written of late about millennials supposed taste for expensive treats such as “smashed avocado” – this has even been put forward as a reason why they can’t afford houses. Taking another angle on this trend, research by KPMG suggests that the trend to eating out, farmer’s markets […]
Smashed avacado could actually be leading the property boom
BI / Research

Investment Professionals need to be on top of AI and big data

The CFA Institute, the global body for investment professionals, has acknowledged the growing impact of artificial intelligence (AI) and robotics. A spokesperson from the CFA Institute recently told Business Insider that “As part of our annual review of what needs to be updated, added or dropped from the CFA Program […]
Investment Professionals need to be on top of AI and big data
BI / Research

MARKET PERSPECTIVE: Revitalising the approach to government projects can help both communities and budget bottom lines

As Governments seek to keep pace with rapidly growing demand for public services, budgetary pressures are forcing them to consider new ways to work with the private sector to deliver major public projects. The opportunity for private sector participants to partner with government to deliver critical infrastructure, improve citizen experience […]
MARKET PERSPECTIVE: Revitalising the approach to government projects can help both communities and budget bottom lines
BI / Research

International tourist arrivals surge but dollar could pose a challenge

International visitor arrivals to Australia continues to surge, though a stronger Australian dollar could be starting to challenge this trend. Total short-term visitor arrivals jumped by 2.4% to 787,800 in July in seasonally adjusted terms, the second-highest level on record, according to the Australian Bureau of Statistics. In cumulative terms, […]
International tourist arrivals surge but dollar could pose a challenge
BI / Research

Australian companies are leaning towards full-time workers again

Australian job ads increased by 12.6% in July compared to the same period in 2016, driven by a pickup in non-full-time positions in another fillip for the strengthening employment market. A lot of that is being driven by Australia’s smaller states and territories, indicating that strength is broadening out from […]
Australian companies are leaning towards full-time workers again
BI / Research

Robots might soon be taxed in San Francisco

San Francisco city supervisor Jane Kim has been actively pushing for a robot tax to be implemented in the state, according to a report in Futurism. The idea is to tax companies that employ machines as a replacement for human workers with the aim of compensating the displaced labor. Kim […]
Robots might soon be taxed in San Francisco
BI / Research

Australian retail sales growth run has come to an end

Australia’s retail sales growth run has ended Retail sales came in flat during July in seasonally adjusted terms, missing forecasts for an increase of 0.2%, according to the Australian Bureau of Statistics (ABS). That was the weakest result since March when Cyclone Debbie caused widespread damage and disruption to southeast […]
Australian retail sales growth run has come to an end
BI / Research

MARKET PERSPECTIVE: Why the Australian dollar has been lifting

The Australian dollar’s recent strength has defied expectations in some quarters. However, the currency’s resilience, as we have been arguing for some months, is far from unfounded. The currency is receiving good support from a synchronised global economic expansion, a well-performing Australian economy, a structural narrowing in Australia’s current account […]
MARKET PERSPECTIVE: Why the Australian dollar has been lifting
BI / Research

Australia’s economy rebounds after slow start to year

Australia’s economy shrugged off a slow start to the year to rebound strongly in the June quarter thanks to a surge in exports, increased government and business investment spending. Gross domestic product (GDP) rose 0.8% in the June quarter, up from 0.3% in the previous three months, the Australian Bureau […]
Australia’s economy rebounds after slow start to year
BI / Research

THE JOB CREATION REPORT

Jobs of the future Australia has the most resilient economy in the world, notching up a record 26 years of uninterrupted growth in 2017. The underlying economy is dynamic, with over a million Australians changing jobs annually and businesses constantly entering and exiting various marketplaces. This has all been achieved […]
THE JOB CREATION REPORT
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Momentum may be coming off for Australia’s manufacturing sector

Growth of Australia’s manufacturing sector was sustained during August, but only at the slowest rate for a year. The Commonwealth Bank Manufacturing Purchasing Managers’ Index – a composite indicator designed to measure the performance of the manufacturing economy – weakened to a level of 53.5 in August down from 54.4 […]
Momentum may be coming off for Australia’s manufacturing sector
BI / Research

The need for new thinking on Australian business investment

Business investment remains the missing ingredient in Australia’s economic transition from a once-in-a-century mining boom. A pick up in non-mining business investment would be a welcome driver of growth in the short-term. It should also help boost productivity in the medium to long-term, which is essential for maintaining economic growth […]
The need for new thinking on Australian business investment
BI / Research

CONVERSATIONAL COMMERCE: More than Chit Chat

Chatbots use algorithms to mimic human interactions within messaging platforms. The number of companies that offer chatbots is skyrocketing, but it is still very early days. That means that companies are scrambling to figure out how best to use this promising technology. BI Intelligence’s put together the following presentation that […]
CONVERSATIONAL COMMERCE: More than Chit Chat
BI / Research

Our top 5 fintech predictions for 2017

There were many ups and downs for the fintech industry in 2016. We’ve seen some of the oldest and most well-funded segments, like marketplace lending, stumble, while global fintech funding dipped after 2015’s all-time high. But this year also brought the rise of new segments and increasing support for the […]
Our top 5 fintech predictions for 2017
BI / Research

THE SOCIAL ENGAGEMENT REPORT: Engagement metrics, user behavior, and new opportunities for brands and advertisers on top social platforms

KEY POINTS Social media platforms dominate users’ digital attention. In 2015, social accounted for nearly 20% of total US time spent online across both desktop and mobile devices, according to a recent comScore report. While social as a category contributes the most to overall digital time spend, user attention on […]
THE SOCIAL ENGAGEMENT REPORT: Engagement metrics, user behavior, and new opportunities for brands and advertisers on top social platforms
BI / Research

Five must-know retail trends in mobile and social marketing

Growth in smartphone and social media usage is setting the basis for all types of retail marketing trends. In this report, we’ll look at individual trends within mobile and social media. For example, we’ll analyze how devices and platforms are used as consumer touch points for retailers and measure the […]
Five must-know retail trends in mobile and social marketing