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3 Applications of AI That Could Change Your Ag Business

As an emerging technology, artificial intelligence (AI) offers a lot of potential – as well as risks – for Australia’s agricultural sector. This article details three ways to harness AI that could transform your farming operations. How demands on farmers are changing According to the United Nations (UN), the global population will reach 9.8 billion […]

Using Foreign Manufacturers? Here’s How To Reduce Your Risks

Australia’s skills shortage and high manufacturing costs mean importing products and parts from overseas can make good business sense.  This article is your risk management update on sourcing from foreign manufacturers.  Risks of imported products/components Using overseas manufacturers to source parts and products raises these issues: If there’s any issue with the overseas-made product, you […]

Spotlight on Work-Vehicle Bingles & Managing Your Risks

As a business owner, you know how important it is to maintain the safety of your work fleet and have clear policies for staff using them.  The cost of fleet accidents The social and economic costs of all road crashes in Australia are more than $30 billion each year, according to the Bureau of Infrastructure and […]

Your Guide to Benefits & Risks of Becoming a Franchisee

Franchising can be a great way to start a business with a ready-made model and resources for a fee. Research shows that four out of 10 franchisees used to work for the franchisor, making it a natural transition.  Franchising is a mature sector in Australia, so franchisors are becoming creative in finding ways to expand. Even part-time […]

Selling Yourself Short? Why You Should Avoid Underinsurance

Is your small business among the one in four that say they’ll go under if faced with a liability claim? That’s the alarming statistic from one insurer’s survey.  More respondents said they would: At the crux is understanding the cost of and whether you would be able to fund the costs of legal action due to […]

Using Generative AI in your Business? Risks & Opportunities

It’s less than a year since OpenAI released its (general) artificial intelligence (AI) app, ChatGPT. Since then, it and its alternatives, have transformed how we do business. Such tech is known as generative AI, a form of machine learning. Trained on a vast database of natural language, it can create content, such as text, code, audio, images, […]

Why a Risk Multiplier Mindset is Good for Your Business

Did you only focus on individual risk factors when you last undertook a risk management matrix for your SME? That’s OK, but the 2023 BDO Global Risk Landscape Report suggests widening your vista to the links between risks. BDO is one of the world’s largest auditing and accounting organisations and operates across Australia. This article explains why you should […]

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3 Applications of AI That Could Change Your Ag Business
As an emerging technology, artificial intelligence (AI) offers a lot of potential – as well ...
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Using Foreign Manufacturers? Here’s How To Reduce Your Risks
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