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Tech Council calls for bold tech investment to boost Australia’s productivity

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The Tech Council of Australia (TCA) has issued a call for an ambitious national tech investment target to address Australia’s lagging productivity growth.

The TCA’s latest report, *From Research to Reality: Scaling Tech Investment in Australia*, released today at their National Summit, argues that increasing tech investment could unlock substantial productivity gains and improve economic resilience.

According to the report, raising Australia’s tech investment to 4.6% of GDP could yield an additional $38 billion in GDP by 2035.

Reaching a 6.9% investment level could generate a remarkable $167 billion in productivity growth. This investment includes research and development (R&D) and broader technology adoption, essential to countering Australia’s declining productivity.

TCA CEO Damian Kassabgi explained the urgency of setting a tech investment target for 2035, calling on both government and industry to commit to a shared goal.

“Australians enjoy some of the highest living standards in the world. To ensure we can keep growing, we need to see an uplift in productivity growth,” he said.

“Australia’s productivity growth has been declining for some time, which is one of our most pressing economic challenges. Achieving the level of growth we need to turn this around and see our economy thrive requires greater tech development and adoption.”

“Tech investment enables companies to commercialise their research and create new business models, making our economy more productive and resilient. There are also practical benefits to increased tech adoption, which can accelerate the growth of both small and large businesses.”

Need to tech industry

“The results of this report show how vital tech investment is to our economy and the need for the tech industry, the wider business community and government to work together to create an environment that supports tech innovation and adoption,” said Laura Malcolm, Managing Director for Datacom Australia, a key sponsor of the report.

“The work we’re doing with our customers in the areas of AI, cloud and digital engineering clearly highlights how the smart use of technology can transform operations and performance, so it is critical that tech investment in Australia keeps pace with our global competitors. We’re also very supportive of the report’s recommendations around education focused on technology adoption and managing technology risk.”

With tech investment currently at 3.9% of GDP and projected to fall further, the TCA recommends five key policy changes, including refining tech policies and boosting R&D investment from global firms.

The TCA will work with stakeholders to finalise a concrete target, reinforcing its mission to grow Australia’s tech sector and drive economic progress.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Addressing anxiety challenges in today’s classrooms

Anxiety crisis in schools: educators seek solutions for supporting anxious students post-COVID and amidst social media pressures

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Anxiety crisis in schools: educators seek solutions for supporting anxious students.

In Short:
– Schools struggle to support anxious students, influenced by COVID-19 and social media pressures.
– Dr Jodi Richardson recommends teachers manage their own stress to create a supportive learning environment.

Schools face significant challenges in assisting young people with anxiety, a pressing issue that affects both students and teachers.

On this episode of Beyond Education, hosts Mike Loder and Greg Campitelli, are joined by Dr Jodi Richardson, an expert in mental health for young individuals.

Dr Richardson emphasised that heightened anxiety levels in classrooms are due to global crises, job insecurities, and social disconnection.Banner

Dr Richardson pointed out that anxiety manifests differently across classrooms. Signs include students unable to focus or exhibiting physical symptoms of distress. Teachers also experience high levels of stress, which can affect their students. When teachers manage their own anxiety, it creates a more conducive learning environment. Anxiety hampers essential cognitive functions, making it difficult to learn.

Effective Strategies

To assist anxious students, Dr Richardson suggests that teachers first regulate their own stress levels. Practical strategies include calming techniques, such as mindful breathing exercises. Identifying the underlying issues a student faces can also help. Education must involve all staff, including administrative and counselling teams, aligning to address anxiety effectively. Recognising anxiety as treatable is crucial for fostering a supportive environment.


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Expert negotiation tips for confident property buyers

Tim Graham interviews dealmaker Scott Aggett on essential buyer preparation and negotiation strategies for successful property acquisitions

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Tim Graham interviews dealmaker Scott Aggett on essential buyer preparation and negotiation strategies for successful property acquisitions

In Short:
– Tim Graham hosts Property Playbook with Scott Aggett, an experienced dealmaker with over 4,000 transactions.
– Scott shares insights on buyer strategies, negotiation preparation, and the importance of market data for successful offers.

On this episode of The Property Playbook, Tim Graham is joined by Scott Aggett, a prominent Australian dealmaker with over 4,000 transactions.

Scott, the founder of scottaggett.com and the upcoming Green Shoots Property, shares his expertise on negotiation preparation and effective buyer strategies.

In this episode, Scott outlines what constitutes a strong buyer brief and the necessity of having relevant market data before making an offer.

He delves into the critical timing of offers and highlights common mistakes that can unnecessarily prolong the buying process. He also explains how genuine pre-approval and financial buffers can enhance a buyer’s position in a competitive market.

Critical Insights

Scott encourages buyers to adopt a strategic and informed approach in their property pursuits, underscoring the importance of detailed analysis and decisive action during negotiations.

For more, visit hotspotting.com.au


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Alita Harvey-Rodriguez discusses her marketing journey

From aspiring actress to marketing innovator: Alita Harvey-Rodriguez on transforming dreams and building School Perks

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From aspiring actress to marketing innovator: Alita Harvey-Rodriguez on transforming dreams and building School Perks

In Short:
– Alita Harvey-Rodriguez shifted from acting to success in marketing and technology, inspired by coding at 15.
– She emphasises mentoring and the need for accountability in leadership for effective teamwork.

Alita Harvey-Rodriguez began her journey with aspirations of becoming an actress but pivoted towards a successful career in marketing and technology. Initially accepted into NIDA, she chose a different path after discovering her passion for technology, which started at the age of 15 when she learned coding.

Today, she is recognised as a leader in retail marketing and digital innovation. Alita’s insights on blending creativity with technology have established her as an e-commerce futurist. Drawing from her diverse experiences, she criticises the lack of accountability among leaders, suggesting that clear project management is essential for maintaining a cohesive team.

Mentoring Importance

Alita also emphasises her commitment to mentoring the next generation, having participated in organisations like Girls in Tech. She promotes the idea of an “invisible advisory board,” encouraging small business owners to seek guidance from community members in their areas of expertise.
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