Big business in Australia is losing the big data race to smaller companies, which are able to employ simpler models and less administration in their data-driven marketing activities, according to a new report.
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A whole-of-government multi-use list for vendors of data analytics tools and services to be opened for application requests in early January will play a central role in the ATO's data and analytics program, set to kick off next year.
Around two-thirds of Australian companies are missing out on the full potential of big data analysis, according to a new report by Tibco Software, with just a third of businesses surveyed claiming full data integration across the board.
The Australian Taxation Office is ramping up its data mining and analytics capabilities for a real-time focus on tax cheats.
The Australian government has released a draft guide to responsible data analytics for agencies and government analysts to help them operate within a safe and acceptable framework as they work to expand their big data capabilities.
ANZ is set to leverage IBM's cognitive computing platform Watson in a bid to improve its financial advice process, and extend the service to hundreds of financial planners around Australia.
Australia and New Zealand enterprises are dragging their feet when it comes to the adoption of big data compared to other markets, with local Forrester research indicating that only about a fifth of local businesses employ the technology for market insights.
IBM is giving away US$100 million worth of big data and analytics software to at least 100 universities throughout China, in a bid to help give birth to a new generation of data scientists in the country.