Technology is the usage of scientific knowledge for practical purposes. Technology has a wide presence in almost every segment/industry. Letâs look at some of the common types of technology.
- Information Technology.
- Transport (e.g., aircraft, bullet trains etc.)
- Energy (e.g., solar panel, grid, turbines etc.)
- Entertainment and media
- Art and music
- Household appliances
- Architecture (e.g., smart homes)
- Medical technology
- Space technology
- Artificial Intelligence and many more.
As per the recent analysis by Deloitte, amongst various technologies, cloud computing and artificial intelligence would dominate the technology sector in 2020 on a global scale. The year 2020 would be a breakout year for âedge computing.â
At present, Australia is trailing behind its global peers and is lagging in capturing the opportunities of the fast-growing global digital economy. Australia is in the second last position amongst the OECD countries according to the relative size of its technology sector and its contribution to the economy.
A report from Data61 states that Digital innovation can provide $315 billion in gross economic value to the country over the next 10 years. This could make it an important component in the countryâs ongoing success. However, the risk is that Australia would not completely realize the opportunity. The new analysis by Data61 shows that the country in the past, apart from a few successes, has failed to capitalize on the economic value derived from digital innovation as compared to other nations. The productivity gain from technology has remained below that of the peer countries. Thus, to ensure that Australia attains the full economic benefit of digital innovation in the upcoming period, there is a requirement of a new vision for digital achievement.
In this article, we will look at a few technology companies and know about them and their upcoming digital innovations.
IODM Limited (ASX: IOD)
IODM Limited (ASX: IOD) is the leading accounts receivable solution provider in Australia. The company uses digital technology for automating the process of accounts receivable and communication thereof.
IODM connects with the business accounting software of its clients and connects with their clients, revolutionizing their cash flow, lessening debtor days and driving team competences.
The software used by the company can be implemented easily. It is easy to use, and it drives immediate tangible efficiencies for businesses.
The companyâs interface with the cloud, desktop and enterprise software has helped organizations to secure sales with corporate and enterprise accounts of the global brands.
Hills Limited (ASX: HIL)
Hills Limited (ASX: HIL) has operations in Australia & New Zealand and is a value?added distributor of technology products and services in the Security & Surveillance as well as Audio?Visual markets. The company is also the supplier of technology solutions in the Healthcare market. The company specialises in security in the fields of Information Technology, audio visual, health, antenna and communication solutions.
The product and services provided by the company connect, entertain and secure the lives of an individual in their homes, hospitals & healthcare facilities, educational institutions, entertainment locations, retail spaces, places of worship, workstations as well as government institutions.
Redflex Holdings Limited (ASX: RDF)
Redflex Holdings Limited (ASX: RDF) is an innovative technology company which develops leading edge solutions that make cities smarter, keep people moving, making their life easier, safer and greener.
The company is engaged in reducing vehicle accidents and saving lives of individuals for the past 25 years via a range of safety solutions like speed cameras, red light cameras and school bus stop arm cameras, used to prevent risky driving.
ikeGPS Group Limited (ASX: IKE)
ikeGPS Group Limited (ASX: IKE) is engaged in developing, marketing as well as selling measurement solutions for various industries.
The company offers a full stack technology solution in a modern framework. IKE Analyze comprises of four unique components as below:
- IKE 4 which is a mobile tool developed from the ground up to assess poles and wires. It specialises in improving data capture technology, particularly for field pole measurement for more than 10 years.
- IKE Field & Office software which is a complete pole software which links field data collection to back office analysis & reporting.
- Analysis of the field work.
- The company has pole experts, which leads to the success of the project.
LiveHire Limited (ASX: LVH)
LiveHire Limited (ASX: LVH) is an award-winning Talent Acquisition platform that integrates AI-powered sourcing, Candidate Relationship Management, and an advanced Applicant Tracking System to augment the hiring process.
The solution provided by the company helps in delivering extremely engaged and well-matched talent into the organizations at appropriate functions.
The solution provides:
- Increased Recruiter Productivity
- Better candidate experience
- Reduction in hiring costs
4DS Memory Limited (ASX: 4DS)
4DS Memory Limited (ASX: 4DS) is a company engaged in the development of semi-conductor of non-volatile memory technology, pioneering Interface Switching ReRAM for next generation gigabyte storage in mobile and cloud.
The company owns a patented IP portfolio which comprises of 22 US patents granted and 11 patent applications that are in the pending status or being lodged. These IP portfolios are built internally to build high-density Storage Class Memory.
The company has a joint development agreement with the subsidiary company of HGST, Western Digital, which is a global storage leader, and it accelerates the development of the companyâs technology. The company has collaborated with imec, which is a global top research and innovation hub in nanoelectronics along with digital technologies.
Xref Limited (ASX: XF1)
Xref Limited (ASX: XF1) is the provider of the first automated solution for the candidate referencing process. XF1 is an automated reference checking platform that helps in quick, data-driven hiring decisions. The mobile-friendly solution brings together comfort, security plus value to the referencing method.
Its platform provides the candidates with transparency as well as an opportunity where they can handle the overall progress of their references.
Below are the benefits which Xref provides:
- Better efficiency
- Five times additional data than conventional techniques
- Shield from reference fraud
- Lessened risk of privacy as well as bias violations.
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