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Enterprise IT

This Month

TechnologyOne chief executive Ed Chung.

TechOne punished as investors flee sector

Shares in the software developer slumped, despite a near one-fifth increase in profits over the last financial year, as the ASX suffered its second-biggest drop this year.

Singtel chief executive Yuen Kuan Moon

Optus parent avoids earnings hit from Triple Zero outage

Singtel has shrugged off the potential financial impact of the Australian telco’s fatal Triple Zero outage, widening its full-year earnings guidance.

October

CBA and Macquarie rely on Amazon Web Services to host their core banking systems.

APRA warns of concentration risk as banks move to US cloud providers

The prudential regulator will ramp up supervision of lenders’ AI and IT deployment as they become more reliant on single-source suppliers of data and models.

Damian Kassabgi will depart as CEO of the Tech Council of Australia.

Tech Council chief Damian Kassabgi abruptly quits influential lobby

The former Afterpay executive had taken the top job 16 months ago but now says he wants more time with his family and less time on planes to Canberra.

TechnologyOne chief executive told investors they expect three quarters of their customers to buy the new AI-platform, Plus over the next four years.

AI is disrupting software, so TechOne built its own ChatGPT

One of the ASX’s most reliable technology performers has unveiled its major foray into artificial intelligence.

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Minister for Industry and Science Tim Ayres. Who met with OpenAI global chief economist Ronnie Chatterji in July.

OpenAI gets $50,000 contract with abundance wing of government

There is a distinctly Mandala Partners and OpenAI flavour to the technology policy arm of Labor as well.

September

RBA governor Michele Bullock said AI could redefine the jobs market, potentially eliminating some jobs and requiring the federal government to invest in training and education.

AI to redefine the jobs market, displacing some workers: Bullock

The RBA governor says AI is part of a “societal shift” that could require federal government investment in training and education.

July

Atlassian sticks to its guns as customers slam software update

The software giant is transitioning its popular project management app Trello into a productivity assistant. Not all users are happy about the changes.

June

Shannon Sedgwick, Partner in charge of cybersecurity practice at MinterEllison.

How to safeguard your business (and your reputation)

Organisations are aware of the existence of cyber threats, but ways to minimise the dangers to systems and individual careers are less well understood.

“This was a difficult decision, but one that we think is best for the company long term,” CEO Andy Jassy told employees in a memo.

Amazon CEO warns white-collar staff that their jobs are on the line

In a memo explaining all the ways the technology giant is using AI, Andy Jassy told workers how they can stay relevant as bots become capable of doing more.

May

TechnologyOne CEO Ed Chung

TechnologyOne targets more government work after profit beat

The Brisbane-based software giant will pay a record interim dividend after reporting strong revenue growth, especially in the UK market.

You need a commitment bordering on obsession to set up a successful business, says David Dicker.

Dicker steps down after four decades at the helm of his eponymous firm

The technology veteran will step down as the chief executive and chairman of the ASX-listed IT distributor.

Mike Cannon-Brookes co-founded Atlassian and is now the company’s chief executive. He has pointed to the success of artificial intelligence features.

Atlassian’s AI plans fail to stop $15b value plunge

CEO Mike Cannon-Brookes has failed to convince investors on making its AI assistant free as they shaved billions of dollars off his wealth on Friday.

April

CISO Lens director David Cullen says AI cyber protection software is still only of limited value in the fight against hackers.

How hackers are using AI to trick their way through cyber defences

The jury is still out on whether these new tools are more helpful to hackers or cybersecurity professionals. The tech has led to an era of deepfakes and suspicion.

Ramsay Health CEO Natalie Davis says digitisation and AI are a big part of the hospital operator’s plans.

Ramsay Healthcare chief says the age of AI care is coming

The CEO of Australia’s biggest private hospital operator has flagged greater AI adoption as a way to help improve services.

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NextDC chief executive Craig Scroggie says reports of reduced investment in data centre capacity are not borne out it his company’s books.

Microsoft pull-back casts doubts on local data centre boom

The CEO of data centre operator NextDC hoses down suggestions the sector is in for a correction but analysts warn of ‘AI fatigue’ across businesses.

March

SAP chief executive Christian Klein is concerned about the geopolitical climate, as his company makes progress in the AI era.

‘No winners’: CEO of software giant SAP urges end to Trump tariff war

The head of the group, which lists clients such as Coles, Woolworths and Woodside, says all countries and businesses will lose if the trade war continues.

Oracle denies being breached by a hacker, but hundreds of Australian clients are on alert after being named.

Hacker claims Oracle breach, sending business and agencies scrambling

Australia’s biggest companies rushed to check their systems after a hacker claimed to have stolen important credentials via tech giant Oracle.

February

Andrew Bragg just loves Christmas.

Tech visa lobby foots bill for Andrew Bragg’s Christmas bash

It’s less glamorous than the Hemmes-sponsored party of 2023, but at least anyone interested in skilled migration or international student caps was happy.

ASX’s Helen Lofthouse has described the December outage as highly irregular.

ASIC launches investigation into ASX’s December settlement failure

The corporate regulator is already suing the market operator for misfires in its ageing infrastructure platform. The new probe could lead to a second lawsuit.

Original URL: https://www.afr.com/topic/enterprise-it-hw5