Innovation culture alive and well

Image courtesy of khunaspix at FreeDigitalPhotos.netConcerns about falling business investment in information technology may be wrong, because investment in ICT research and development is actually rising, a senate committee has heard.

The Economic References Committee inquiry into innovation was told that due to the “internet of things”, the way of measuring investment has changed.

Cisco Systems Chief Technology Officer Kevin Bloch told the committee that Cisco would previously have sold product to a buyer’s IT department, so this was measured as an IT purchase.

Image courtesy of khunaspix at FreeDigitalPhotos.net

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Beyond China: Opportunities in ASEAN

Singapore skylineThe 10 members of the Association of Southeast Asian Nations (ASEAN) tend to be overshadowed by China in discussions of Australia’s trade with Asia. Yet ASEAN is collectively Australia’s second largest trading partner, accounting for 15% of this country’s total trade.

It offers enormous potential for Australian business not only as incomes rise but also as the members move towards economic integration with the formation of the ASEAN Economic Community (AEC) later this year.

Image courtesy of noppasinw at FreeDigitalPhotos.net

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