It’s less than a year since OpenAI released its (general) artificial intelligence (AI) app, ChatGPT. Since then, it and its alternatives, have transformed how we do business. Such tech is known as generative AI, a form of machine learning. Trained on a vast database of natural language, it can create content, such as text, code, audio, images, […]
Why a Risk Multiplier Mindset is Good for Your Business
Did you only focus on individual risk factors when you last undertook a risk management matrix for your SME? That’s OK, but the 2023 BDO Global Risk Landscape Report suggests widening your vista to the links between risks. BDO is one of the world’s largest auditing and accounting organisations and operates across Australia. This article explains why you should […]
4 Myths about Cyber Insurance Debunked
Cyber security is a top risk management concern for Australian businesses, with eight in 10 organisations hit by ransomware. And research shows small businesses are likely to have poor security practices due to common misconceptions about the threat. It is such a hot issue that the Federal Government appointed the first Minister for Cyber Security in a G20 […]
How do you Manage these Top 4 Hospitality Business Risks?
The past three years have been a whirlwind for hospitality businesses. While the pandemic seems to be on the wane, your business should still do everything reasonably practicable to reduce the risks of COVID-19’s spread, like keeping up to date on employers’ responsibilities via this Safe Work Australia website. Other, more inherent risks remain, though. […]
“Ignore, delete and block”: Australians urged to be on alert
Australian regulators and agencies have warned Australian taxpayers to be extra vigilant during tax time this year and to be on alert for dodgy end-of-financial-year (EOFY) scams, with scammers likely to take advantage of Australians who are submitting tax returns or waiting for the outcome of an assessment. The Australian Communications and Media Authority (ACMA) […]
Selling Yourself Short? Why You Should Avoid Underinsurance
Is your small business among the one in four that say they’ll go under if faced with a liability claim? That’s the alarming statistic from one insurer’s survey. More respondents said they would: .Lose clients .Expect less revenue .Have cash flow woes. At the crux is understanding the cost of and whether you would be […]
Rubbish collection in space
Space sweeper designed to vacuum up satellite debris An Adelaide-based startup is developing a trash compacting solution to help clear space debris. The space industry – and space junk – is booming, literally. Every year, a handful of satellites inexplicably explode, slowly filling heavily trafficked space lanes with deadly debris. The International Space Station has […]
May their spirit live on in us and in generations to come
There is music in the midst of desolation, And glory that shines upon our tears. For the Fallen – Laurence Binyon, 1914
How to handle a cyberattack
Latitude Holdings is the latest Australian company to experience a devasting cyberattack. The financial services company revealed that the personal information of 7.9 million customers has been stolen. Back in January, it was Australian property developer and construction company Meriton who experienced a cyberattack — and the list of companies doesn’t stop there. Optus, Medibank […]
Want More Time In Your Day? High Achievers Use the ‘2-Second
The simple way to effortlessly save time. If you’re like most, you unwittingly waste time every day. After all, time has its way of inherently slipping by, oftentimes with each year passing by more quickly than the last. It’s easy to chalk it up to a byproduct of time itself, the result of not having […]
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