If there is one new technology project that should be on the radar for Australian small businesses this year, it should be indoor navigation.
Businesses have been previously set up on economies of scale but are now moving toward economies of scope. In other words, the focus is shifting to the variety of products offered rather than the output level of one product.
To enable your business to scale-up, become more agile and respond effectively to disruptive change, cloud technology applications are critical – and are cheaper and quicker to deploy than traditional ‘on premise’ business systems.
A common concern for businesses is how to efficiently finance innovation programs
With the ‘low hanging technology fruit’ well picked in the developed Western markets, it will be harder and harder for Australian companies to get their breaks in these competitive technology markets in the future.