In a news article last month, Sydney diners were increasingly unwilling to stand in line waiting for their dinner. With more options for dining out and online booking at people’s fingertips, fewer diners were willing to queue for restaurants. As the article notes, people are becoming less and less patient. And “People don’t even want to wait for their coffee in …
Bring the jobs home… Australian compliance heads for a wild ride…
It’s been an interesting year. First we had the surprise of Brexit, then the surprise of the US elections and now there are rumblings in the Australian market. Whilst it will be interesting to see whether jobs will be brought back to America, there is likely to be some fallout in Australia. More recently there have been headlines in Australian news: …
Corrupt insiders at offshore call centres sell private data…
Powering into the Australian news recently is the investigation by Fairfax media into the sale of private details of Australian customers. A Mumbai-based security firm is asking between $350 and $1000 in exchange for the private information. And there may be several private companies selling phone records, home addresses and other private details of Australian telecommunication company customers. What’s the risk? This …
The bots take on the offshore army
There has been a lot of online angst recently at the inability to purchase tickets to various events. Consumer Outrage! Reads one heading, and consumers requesting controls to prevent bots from purchasing tickets before people have the chance. So, it seems bots can move faster than humans in an online area. Bots aren’t anything new. We’ve all long been aware …
Robotic Process Automation – now automating near you!
This week we’re looking at RPA, Robotic Process Automation, which at first glance might seem to have nothing to do with Accounting and compliance. Ok, so let’s start with the humorous end. Announced recently, a man hacks Alexa by hooking it up to a singing fish robot, resulting in a very clever fish. For those not familiar with Alexa, Amazon’s …
Accounting Compliance gets a breather
The annual 2016 Good Bad Ugly – Executive Summary Report has just been released and there is some interesting news on the Compliance front. The Business Fitness team have pushed out some revelations contradicting the current thought that compliance is dead. In an interesting twist this year, the report indicates that while accounting firms have introduced other services into their business …
Peer-to-peer hits the real estate market
This week we look at an interesting peer-to-peer disruptive model that has hit the real estate market. For anyone who has ever sold a property, there are several variable costs that are always considered. Is my marketing budget sufficient or not. Should I go to auction or choose a price. What is the real estate commission. This new website certainly …
Cheaper travel money… peer-to-peer
Another interesting disruption in the financial area. This week we take a look at currency exchange rates. Traditionally we’ve all arrived into a foreign airport and accepted the horrible exchange rates at the exchange kiosks, or perhaps we’ve gone downtown and bought Traveller’s cheques before departing, or some cash, or perhaps loaded up a currency card from one of the …
Disruption in the Professional Services sector…
The (On-Demand) Professional Services Experts are coming!!! If you’ve been thinking you have time to develop your skill set as your compliance revenue streams dry up then it might be time to think again. That space is already being filled. Any sector that has fixed assets/resources is likely to suffer from disruption. This week we look at the disruption by …
Qantas and Airbnb, a permanent (disruptive) arrangement…
A few days ago it was announced that Qantas and AirBnb have teamed up together in a world-first partnership. Earlier this year Qantas announced that it was going to bring faster NBN standard wifi on board its planes in late 2016, with speeds suggested at 10 times faster than conventional on board wifi. From this interesting announcement we assume we’ll all …
