Big data to drive the future of accounting, predicts peak industry body24/11/2016 Shahida Sweeney Government
The future of accounting will be supported by big data and predictive analytics, while running a “connected practice,” according to Australia’s peak industry body, Chartered Accountants ANZ (CAANZ).
Supporting this trend, CAANZ has launched a big data solution for its 115,000 members. This “CA Kairos” offering was showcased at a Future of Accounting seminar in Sydney hosted by Julio De Lafitte, founder for The Unstoppables.
NSW auditor-general flags deficiencies for technology cluster21/11/2016 Shahida Sweeney Government
The quality of financial reporting remains high despite significant control deficiencies at two organisations that provided information technology and transactional services to the Finance, Services and Innovation cluster.
These are the key findings of a report by the New South Wales auditor-general, Margaret Crawford.
The Finance, Services and Innovation cluster is responsible for customer and government service delivery, property and asset management, regulation and insurance services, revenue administration, and ICT, digital government and innovation.
University of Sydney builds IoT capability21/11/2016 Shahida Sweeney Government
The internet of things (IoT) is taking hold – with fifth-generations (5G) networks connecting trillions of devices across industry and government.
According to Professor Branka Vucetic, director, Centre for Telecommunications Excellence, Sydney University, 5G connectivity has taken the IoT into the “Industrial internet of Things” (IIoT).
Globally nearly 50 billion devices worldwide will be connected to the internet by 2020. More than 250, 000 cars will link to the internet. The uptake of wearable devices has tripled in the past five years.
NSW builds 21st century transport network14/11/2016 Shahida Sweeney Government
The NSW government has moved to scrap bus timetables with real-time data trials, and social media feeds that enable commuters to plan trips in their personal space.
Among the future planning projects, a real-time data trial has been announced by the minister for transport, Andrew Constance.
This trial, canvassed in November, underscores moves to better track how people travel, while syncing under-resourced services around supply and demand.
Internal fraud on the rise, warns NSW audit report14/11/2016 Shahida Sweeney Government
The perpetuators of fraud in government are not being fully monitored, with financial losses on the rise, according to a report released by the NSW auditor-general, Margaret Crawford.
This “Special Fraud Survey” report, released in November, has warned that agencies remain passive about their fraud-detection strategies.
Public sector governance and risk management also comes under the spotlight at the Annual FST Government NSW conference being held 17th May in Sydney.
Government spearheads cyber-awareness campaign09/11/2016 Shahida Sweeney Government
The ASX and ASIC have invited Australia’s top 100 companies to participate in an ASX 100 Cyber Health Check. This survey will benchmark the levels of cyber-security awareness, capability and preparedness within business.
Participation by companies is voluntary. Reponses have been sought by mid-December 2016.
Participating companies will receive a confidential report benchmarking their own cyber-security practices. A public report on the themes from the data is expected to be released in March 2017.
Governments vulnerable to cyber-attacks, warns report07/11/2016 Shahida Sweeney Government
Despite the mantra of cyber-awareness, cyber-security is not high on the list of priorities for government, a recent report by the Australian National University (ANU) has warned.
This report, Weakest links and the Threat to Medium-sized Enterprises, has noted that knowledge of cyber risks is still inadequate.
The report was prepared by the ANU’s Dr Tim Legrand, National Security College, together with the Macquarie Telecom Group.
Queensland partners with Amsterdam on smart city07/11/2016 Shahida Sweeney Government
An Australian-first agreement has been finalised between Ipswich City Council and the Netherlands to fast-track smart city strategies.
This initiative enables the sharing of smart city strategies between Ipswich and five Dutch cities. These are Amsterdam, Rotterdam, Utrecht, The Hague and Eindhoven.
Ipswich mayor Paul Pisasale and chair of a Global Smart Cities and Communities Coalition, Bram Reinders, signed off this agreement.
Productivity Commission canvasses data access for consumers07/11/2016 Shahida Sweeney Government
The Australian Productivity Commission is calling on government and industry to give consumers more control over their personal information. This recommendation is outlined in a just-released “Data Availability and Use” report.
This report has canvassed a new data framework offering consumer better control over personal data. A major overhaul of data-sharing arrangements is sought across the public and public sectors.
Under its review, the commission is holding public hearings on 21 November in Melbourne and on 28 November in Sydney.
Regtech to solve compliance07/11/2016 Jassmyn Goh Government
The collaboration between regulation and technology, regtech, can help overcome the financial services sector's heavy reliance on the use of disclosure as a regulatory tool, Treasurer Scott Morrison believes.
In an address at the Fintech Australia Collab/Collide summit last week, Morrison said regtech could provide enhanced regulatory compliance by building it into an organisation's key business practices and operations.
"In the online and digitised world, de-risking and de-regulating an environment actually go hand-in-hand," he said.
South Australia spends $250 million on STEM training01/11/2016 Shahida Sweeney Government
South Australia is fast-tracking STEM training with more than 100 schools receiving their share of $250 million to build technology, science and math skills.
This science, technology, engineering and mathematics (STEM) funding underscores moves to modernise learning facilities across public and non-government schools.
Minister for education, Susan Close, said that STEM funding is a major investment in children’s future. For many schools, new hubs will complement their existing STEM-focused programs.
Commonwealth launches rebadged digital agency01/11/2016 Shahida Sweeney Government
The Australian government has formally established a new Digital Transformation Agency (DTA) to guide, oversee and drive the administration’s high-profile digital and ICT agendas. This follows approval by the Governor General of the agency’s establishment and remit.
Angus Taylor, assistant minister for digital transformation, said this agency will integrate digital delivery across government, while offering greater transparency involving ICT and digital projects, as well as transparency around procurement.
Governments tackle ‘revenge porn’ in the digital space01/11/2016 Shahida Sweeney Government
The Turnbull Government has announced the development of a new online reporting tool enabling victims to report the non-consensual sharing of intimate images. This sharing of online and mobile images is commonly called revenge porn.
This reporting tool, to be available in the New Year, is supported by $4.8 million in funds. The funding goes towards developing a national online reporting channel.
The initiative underscores moves to tackle violence against women and children, and is supported by $100 million in funding.
Adelaide joins global giga-city hub24/10/2016 Shahida Sweeney Government
The South Australian government has teamed with the Washington-based Gig City Network to embrace high-speed, fast-access gigabit communications.
This alliance galvanises the City of Adelaide and the US Ignite initiative. The plan is to develop next-generation apps, while transforming Adelaide into gigabit communications hub.
The gig city model uses the power of pure fibre infrastructure to future-proof critical services. These include transport, energy or communications hubs.
South Australia embraces mobile apps to manage traffic24/10/2016 Shahida Sweeney Government
The Department of Planning, Transport and Infrastructure has launched an award-winning mobile that relays data about traffic bottlenecks in real-time.
More than 10,000 motorists have signed up to slash travel time, plan for unexpected delays, and use detours away from affected roads.
This Addinsight app uses real-time Bluetooth traffic data to generate verbal warnings through a vehicle’s hands-free phone network.
This technology is being trialled by five road authorities in Australia and New Zealand. Commercial agreements are expected in 2017.