Nicholas Webb, Author at Techbest - Top Tech Reviews In Australia - Page 9 of 26

**Review: Dell UltraSharp 40” 5K Monitor – An Impressive Display You Should Have**


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Quick Overview: Important Highlights

  • Engaging Display: The Dell UltraSharp 40” 5K Thunderbolt Hub Monitor (U4025QW) features a 40-inch ultra-wide curved display with a 2500R curve.
  • Exceptional Graphics: Offers a 5120 x 2160 resolution, 120Hz refresh rate, and an IPS Black panel for rich blacks and impressive contrast.
  • Comprehensive Connectivity: Comes with Thunderbolt 4, USB-C, HDMI, DisplayPort, and a foldable USB hub for effortless device connection.
  • Enhanced Productivity: Supports Multi-Stream Transport (MST), KVM switch, and screen splitting for efficient multitasking.
  • Ideal for Gaming & Creativity: With high colour fidelity (99% DCI-P3 and 100% sRGB), it’s perfect for artists and engaging racing games.
  • High-Quality Construction: Features a height-adjustable stand, VESA mounting compatibility, and integrated speakers.
  • Cost Consideration: This is a premium option, best suited for professionals requiring superior performance.

Dell UltraSharp 40” 5K Monitor: A High-End Display for Experts

The Dell UltraSharp 40” 5K Thunderbolt Hub Monitor (U4025QW) is crafted for power users who seek high-level performance for productivity and entertainment. Its impressive resolution and extensive connectivity make this monitor a formidable contender, offering an unmatched experience for experts, creatives, and avid gamers.

Design and Build Quality

The Dell U4025QW showcases a stylish, contemporary design with a 2500R curve that improves immersion while minimizing eye fatigue during extended use.

For those not acquainted with curvature specifications, a 2500R curve is quite subtle yet effective, allowing for a more comfortable experience on ultra-wide monitors. Flat screens at this size can feel disorienting, as they exceed the natural field of vision. The curved design enhances the visual experience by maintaining a more uniform distance across the display.

This model additionally features a retractable USB hub at the front, which facilitates convenient access to ports. With a total of 10 USB ports—including several USB-C options—it’s incredibly adaptable, allowing users to connect devices and streamline their processes.

The monitor comes with a height-adjustable stand with tilt and swivel functionalities for ergonomic comfort. Alternatively, it supports a 100mm x 100mm VESA mount for customized mounting options.

Performance: A Visual Powerhouse

The UltraSharp 40” 5K Monitor shines in both professional and gaming contexts. With a remarkable 5120 x 2160 resolution and a 120Hz refresh rate, it delivers incredibly smooth visuals, making it perfect for demanding tasks.

The IPS Black panel boosts contrast, providing profound blacks and a 2000:1 contrast ratio. This is particularly advantageous for photo and video editing, where precise colour representation is essential. The monitor achieves 99% of the DCI-P3 colour space and 100% of sRGB, making it highly appealing for creative professionals.

For gaming aficionados—especially those who enjoy racing simulations—the ultra-wide format and high refresh rate create an intensely immersive experience. While competitive gamers might lean towards 240Hz monitors, the U4025QW provides a commendable balance between quality and performance.

Standout Features

Thunderbolt 4 Hub: Facilitates rapid data transfers, video output, and up to 140W power delivery, making it perfect for charging laptops or daisy chaining another monitor.

KVM Switch: Enables smooth control of multiple computers using one keyboard and mouse, an essential tool for professionals managing several systems.

Multi-Stream Transport (MST): Allows internal screen partitioning into virtual displays without needing extra software, enhancing multitasking.

Custom Screen Partitions: Provides various split-screen setups (50/50%, 80/20%, 75/25%) to boost workflow productivity.

HDR Compatibility: Certified for DisplayHDR 600, rendering more vivid visuals, although it doesn’t reach OLED brightness levels.

Integrated Speakers: Dual 9W speakers provide decent sound quality, though serious users might prefer external speakers or headphones for better audio.

Possible Disadvantages

Despite its admirable qualities, the U4025QW has a few drawbacks:

  • Cost: The higher price may make it unaffordable for casual users.
  • Size and Weight: Weighing over 12kg with the stand, it necessitates a spacious desk setup.
  • Auto-Brightness Limitation: The adaptive brightness feature might require enhancements for optimal performance in dim environments.
  • 120Hz Refresh Rate Ceiling: While adequate for most gamers, competitive eSports participants may favor a 240Hz display.

Pricing and Availability

The Dell UltraSharp 40” 5K Thunderbolt Hub Monitor (U4025QW) is currently available for purchase from Dell’s website and select retailers. As anticipated for a high-end display with advanced capabilities, the cost is significant, but its comprehensive features warrant the investment for users needing superior performance.

Final Thoughts

The Dell UltraSharp 40” 5K Thunderbolt Hub Monitor (U4025QW) is an outstanding option for professionals, creatives, and enthusiasts looking for a comprehensive monitor that excels in both productivity and entertainment.

With its immersive ultra-wide screen, high refresh rate, impressive colour accuracy, and versatile connectivity, it ranks among the best monitors available. Although it comes with a premium price, those who can invest in it will likely find it immensely satisfying.

For anyone serious about enhancing productivity and visual quality, this monitor is certainly worth considering.

Q&A: Frequently Asked Questions

Q: Who is the ideal user for the Dell UltraSharp 40” 5K Monitor?

A:

This monitor is perfect for professionals in creative sectors such as photography and video editing, as well as multitaskers needing a high-quality display to optimize productivity. It’s also well-suited for racing simulation enthusiasts due to its immersive ultra-wide format.

Q: Is this monitor suitable for gaming?

A:

Absolutely, the combination of a 120Hz refresh rate and 5K resolution makes it an excellent choice for gaming, especially in immersive genres like racing simulations. However, competitive eSports players might opt for displays with higher refresh rates (240Hz or above).

Q: What are the key features of this monitor?

A:

Notable features encompass 5K resolution, 120Hz refresh rate, Thunderbolt 4 connectivity, a KVM switch for managing multiple PCs, HDR support, and numerous USB-C ports.

Q: How does the 2500R curvature influence usability?

A:

The 2500R curve enhances immersion and reduces eye strain, promoting comfort during extended work periods. It also ensures consistent viewing angles across the ultra-wide display.

Q: Is the premium price justified?

A:

If you require high-end performance for professional tasks, creative endeavors, or immersive gaming, the price is warranted. However, casual users might discover more economical alternatives that still provide solid performance.

Q: Can I use this monitor with a Mac?

A:

Yes, it is fully compatible with macOS, and the Thunderbolt 4 hub makes it a fantastic option for Mac users seeking a high-resolution external display.

Q: Are there built-in speakers?

A:

Yes, it comes with dual 9W speakers, although they are more suited for casual listening. Superior audio quality would come from using external speakers or headphones.

Q: How does it compare with OLED displays?

A:

While the IPS Black panel provides impressive contrast and deep blacks, OLED displays generally offer better HDR performance and true blacks. Nonetheless, OLEDs may suffer from burn-in issues, making the U4025QW a more durable choice for long-term use.

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Oracle Projects Robust Long-Term Growth Prospects


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Oracle’s Revenue Growth Forecast: Future Earnings Fueled by AI and Cloud Advancements

Oracle expects sustainable cloud and AI-led growth

Snapshot

  • Oracle anticipates a revenue increase of 15% for fiscal 2026 and 20% for fiscal 2027.
  • AI-enhanced cloud offerings are central to Oracle’s growth strategy.
  • The firm is set to double its data centre infrastructure to accommodate rising demand.
  • Oracle has teamed up with OpenAI and SoftBank in a US$500 billion AI collaborative endeavor.
  • Spending on capital this fiscal year is predicted to exceed US$16 billion.
  • Cloud revenue experienced a 23% boost, reaching US$6.2 billion in Q3.
  • The total revenue for the quarter amounted to US$14.13 billion, falling slightly short of analyst predictions.

Oracle’s Revenue Forecast for 2026 and 2027

Oracle has revealed an ambitious revenue growth outlook for the upcoming years, with CEO Safra Catz estimating a 15% rise in fiscal 2026 and an additional 20% increase in fiscal 2027. These estimates exceed analysts’ anticipations and illustrate the company’s confidence in its AI and cloud computing sectors.

Even though Oracle entered the cloud arena later than others, it is rapidly enhancing its services to keep pace with major competitors like Microsoft and Amazon. By incorporating artificial intelligence (AI) into its cloud capabilities, Oracle aims to handle vast data volumes more effectively and attract businesses looking for sophisticated AI features.

Oracle’s Approach to AI and Cloud Growth

Oracle is significantly investing in AI and cloud ecosystems to solidify its market position. Chairman Larry Ellison confirmed that the company is on course to double its data centre capabilities by the end of this year, underscoring that client demand is at unprecedented levels.

A standout initiative is Oracle’s active role in a notable AI joint venture named Stargate. Collaborating with OpenAI (the creators behind ChatGPT) and SoftBank, Oracle has pledged up to US$500 billion (AU$793 billion) to nurture AI innovations in the United States. This substantial funding highlights the firm’s belief in the transformative potential of AI.

Investment and Cloud Growth

In line with its AI and cloud goals, Oracle’s capital expenditures this fiscal year are set to more than double, hitting US$16 billion. This budget is purposed for enhancing its cloud infrastructure to cater to the soaring demand for AI-enabled services.

Cloud computing remains a vital growth engine for Oracle, with cloud revenue rising by 23% in Q3, reaching US$6.2 billion. However, the company’s total revenue for the quarter was US$14.13 billion, slightly below analysts’ forecasts of US$14.39 billion.

Concerns Over AI Overinvestment

While Oracle’s aggressive strategy in AI expansion is commendable, some industry experts express concerns regarding possible overinvestment in AI-ready infrastructure. Rebecca Wettemann, CEO of Valoir, raised issues about whether the demand for AI workloads will justify the extensive investments or if foundational AI models will need to adapt to realize these expenditures effectively.

Regardless of these worries, Oracle remains resolute in its growth plan, with analysts like Gil Luria from D.A. Davidson commending the company’s capacity to grow its cloud sector while providing solid financial projections.

Overview

Oracle’s long-range growth outlook stays positive, supported by robust AI and cloud development initiatives. With strategies to double data centre capabilities and to invest billions into AI resources, the company is positioning itself prominently within the dynamic cloud computing industry. Although concerns regarding overinvestment linger, Oracle’s leadership remains assured that demand will keep increasing, propelling continued growth in the years ahead.

FAQs

Q: What factors are propelling Oracle’s anticipated revenue growth for 2026 and 2027?

A:

Oracle’s revenue growth is largely fueled by its advancements in cloud computing and AI integration. The company is increasing its data centre capacity and establishing strategic partnerships, like the AI alliance with OpenAI and SoftBank, to sharpen its competitive edge.

Q: What strategies is Oracle employing to rival Microsoft and Amazon in the cloud space?

A:

Oracle is distinguishing itself through the integration of AI capabilities into its cloud offerings, enhancing efficiency for extensive data processing. The company is also investing significantly in data centre enhancements and semiconductor advancements to bolster its AI strategy.

Q: Can you explain Oracle’s AI joint venture, Stargate?

A:

Stargate is an AI collaborative effort between Oracle, OpenAI, and SoftBank, with financial commitments reaching up to US$500 billion. This venture aims to push forward AI advancements in the United States while fortifying Oracle’s stance in the AI and cloud computing sectors.

Q: How much is Oracle’s capital spending allocation for this fiscal year?

A:

Oracle’s capital expenditure for the current fiscal year is expected to more than double, reaching US$16 billion. This funding will be directed toward enhancing its cloud infrastructure and accommodating rising AI demand.

Q: What apprehensions exist regarding Oracle’s AI-centric cloud investments?

A:

Certain analysts are concerned that cloud providers, including Oracle, might be overcommitting to AI infrastructure, which could result in underutilized resources if AI usage does not significantly grow. Others argue that AI models may need to adapt for these investments to be economically viable.

Q: Was Oracle able to meet analyst expectations in terms of revenue during the last quarter?

A:

No, Oracle’s total revenue for Q3 was reported at US$14.13 billion, which slightly fell short of the expected US$14.39 billion by analysts. Nonetheless, cloud revenue experienced a substantial increase of 23% to US$6.2 billion.

Q: How might Oracle’s AI investments influence its future growth prospects?

A:

Oracle’s investment in AI is projected to considerably enhance its cloud service capabilities, rendering it more competitive in the cloud market. Should AI adoption continue to rise, these investments could potentially yield significant long-term benefits.

Q: What measures is Oracle taking to address the heightened demand for AI-driven cloud services?

A:

Oracle is doubling its data centre capacity, expanding its cloud infrastructure, and forming valuable partnerships aimed at AI development. These actions are designed to ensure that the company can fulfill the increasing enterprise demand for AI-enhanced cloud solutions.

**Reasons Network Security by Itself Can No Longer Ensure Your Business’s Safety**


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Why Conventional Network Security Fails to Protect | TechBest

Brief Overview

  • Conventional network security perimeters are inadequate against contemporary cyber threats.
  • Cybercriminals take advantage of weak passwords and stolen credentials to infiltrate systems.
  • Identity-centric security assures ongoing verification of users, devices, and applications.
  • AI-based security solutions aid in spotting irregularities and bolstering protection.
  • Companies need to reassess their security strategies to address emerging threats.

The Shortcomings of Conventional Network Security

For many years, organizations have depended on network security perimeters—firewalls, VPNs, and endpoint security—to safeguard their digital resources. Nonetheless, cybercriminals have become progressively skilled at overcoming these protections. A single compromised password or incorrectly configured access point can leave an entire organization vulnerable to a catastrophic breach.

The Emergence of Identity-Centric Security

Contemporary cyber threats necessitate a transition from traditional perimeter-based security to identity-centric security. This strategy mandates that users, applications, and devices consistently verify their identity before gaining access to vital business systems. Identity-centric security mitigates the chances of credential misuse, making it more challenging for attackers to take advantage of stolen login information.

The Significance of Identity in Cybersecurity

Identity-centric security emphasizes verifying “who” or “what” is accessing a system rather than merely securing the network itself. This approach includes multi-factor authentication (MFA), single sign-on (SSO), and privileged access management (PAM), which thwart unauthorized access even in cases where credentials are compromised.

AI-Enhanced Cybersecurity: A Transformative Force

As the number of devices and users accessing business systems multiplies, managing security manually has become unmanageable. AI-powered security solutions offer real-time monitoring, anomaly detection, and automated response features to help enterprises stay ahead of cyber threats.

Identifying Anomalies with AI

AI can process extensive volumes of security data to uncover unusual patterns that may signal potential breaches. By utilizing machine learning algorithms, businesses can proactively identify threats before they escalate.

Boosting Efficiency in Cybersecurity Operations

AI alleviates the pressure on security teams by automating policy enforcement, access controls, and security notifications. This empowers businesses to react more swiftly to threats and reduce human error.

The Necessity of Securing the Supply Chain

Modern enterprises depend on a complicated network of suppliers and third-party vendors, many of whom have access to internal systems. Identity-centric security guarantees that external users are properly authenticated and authorized, thereby minimizing the risk of supply chain attacks.

Steps Forward: How Organizations Can Fortify Security

  • Implement multi-factor authentication (MFA) across key systems.
  • Adopt identity and access management (IAM) solutions for user verification.
  • Utilize AI-enhanced cybersecurity tools for real-time threat detection and response.
  • Regularly review and update security policies to tackle emerging risks.
  • Educate employees on password management and phishing attack avoidance.

Conclusion

Traditional network security practices are no longer adequate to shield organizations from contemporary cyber threats. Identity-centric security, paired with AI-enhanced threat detection, is crucial for preventing cyber incidents. Organizations must adopt new security paradigms to protect their digital assets and retain customer trust.

Q&A: Tackling Key Cybersecurity Issues

Q: Why is traditional network security ineffective today?

A:

Cybercriminals have created sophisticated methods to bypass firewalls and other perimeter protections. Phishing schemes, credential theft, and insider threats can swiftly undermine conventional security measures.

Q: How does identity-centric security enhance protection?

A:

Identity-centric security provides continuous verification of users and devices, lowering the risk of unauthorized access. It incorporates multi-factor authentication, privileged access management, and strict access controls.

Q: In what ways can AI contribute to cybersecurity?

A:

AI improves cybersecurity by isolating anomalies, automating Threat responses, and increasing efficiency in security operations. Machine learning algorithms analyze security data to spot potential breaches before they happen.

Q: What actions can businesses take to enhance cybersecurity?

A:

Businesses should introduce MFA, implement identity and access management tools, integrate AI-supported security solutions, and perform routine security audits to stay ahead of cyber threats.

Q: Is AI-based cybersecurity prohibitively expensive for small businesses?

A:

While AI-enhanced security solutions might appear costly, numerous scalable options are available for small enterprises. Cloud-based security platforms can provide budget-friendly AI-powered protection without needing extensive IT infrastructure.

Q: What methods can organizations use to secure their supply chain?

A:

Organizations should enforce stringent identity verification for third-party vendors, limit access to critical systems, and carry out regular security evaluations to ensure compliance with cybersecurity protocols.

Q: What are the most prevalent cyber threats facing businesses today?

A:

Phishing scams, ransomware, credential theft, and supply chain attacks rank among the most common cyber threats. Organizations need to remain alert and adopt proactive security measures to mitigate risks.

Victorian Man Taken Into Custody for Suspected Widespread Mobile Number Porting Fraud


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Brief Insight

  • A man from Victoria has been apprehended for allegedly trying to fraudulently transfer 86 mobile numbers to another telecommunications service.
  • The Australian Federal Police (AFP) asserts that 44 of these numbers were successfully moved without the owners’ approval.
  • Scams involving mobile number porting enable criminals to circumvent multi-factor authentication and access confidential accounts.
  • The AFP is conducting an investigation and is actively working to locate affected individuals.
  • Officials have confiscated mobile devices, a desktop computer, SIM cards, and items suspected to be related to drugs from the suspect’s residence.
  • If found guilty, the individual could face a prison sentence of up to 10 years.

Large-Scale Mobile Number Porting Fraud: Overview

A 34-year-old individual from Lynbrook, situated in the southeast of Melbourne, has been arrested for purportedly orchestrating a significant mobile number porting scam. This event, which transpired in July of last year, involved an initiative to port 86 mobile numbers to another telecom provider.

The individual in question reportedly submitted 193 porting requests, with 44 being successfully transferred without the consent of the legitimate owners. An investigation has been initiated by the Australian Federal Police (AFP), who are currently pursuing the identification of affected individuals.

Melbourne man charged with large-scale mobile number fraud

Risks Associated with Mobile Number Porting Scams

Mobile number porting fraud is becoming an increasing concern in Australia. Once a fraudster gains control of a number, they can intercept SMS-based authentication codes required for accessing online accounts, including banking and social media. This enables cybercriminals to override security protocols and potentially pilfer funds or sensitive personal data.

The scam generally involves fraudsters utilizing stolen personal information to request that a victim’s phone number be transferred to a different provider. If successful, the individual loses mobile service access, while the attacker gains control over their accounts.

Detection of the Scam

The telecommunications company involved in this case, which has not been disclosed, identified an unusually high volume of porting requests associated with 86 distinct mobile numbers. Following an investigation, it was determined that many of these requests were unauthorized, prompting them to inform the authorities.

This led the AFP to take action, confiscating multiple mobile devices, a desktop computer, several SIM cards, and items suspected of being related to drug activity from the suspect’s home. These items will be subject to forensic analysis as part of the ongoing investigation.

Efforts by Authorities to Tackle Mobile Fraud

The AFP has been proactive in addressing mobile fraud by fostering increased collaboration with telecommunications companies. Recently, Australian authorities have instituted stricter identity verification protocols to mitigate unauthorized number porting.

In 2020, the Australian Communications and Media Authority (ACMA) implemented regulations mandating that telcos perform multi-step identity verification before approving number transfer requests. Even with these advancements, fraudsters are continually finding ways to exploit the system.

Steps to Shield Yourself from Mobile Number Fraud

With the rise of mobile porting scams, it is vital to take proactive measures to protect your personal information:

  • Activate extra security protocols, like a PIN or password, for number porting requests with your telecom provider.
  • Keep an eye on your mobile service for any unforeseen interruptions, which could be signs of fraudulent porting activity.
  • Opt for app-based authentication instead of SMS-based codes wherever feasible.
  • Regularly assess the security settings for your banking and email accounts.
  • Be cautious when sharing personal information online, as fraudsters frequently use stolen data to execute scams.

Conclusion

The arrest of a 34-year-old man from Victoria underscores the escalating threat posed by mobile number porting scams in Australia. With fraudsters employing these tactics to access sensitive accounts, it is essential for telecom operators, law enforcement, and consumers to remain alert. By adopting stronger security measures and keeping informed, Australians can better shield themselves from falling prey to these intricate scams.

Common Questions

Q: What is mobile number porting fraud?

A:

Mobile number porting fraud takes place when scammers unlawfully transfer a victim’s phone number to another telecom provider without their consent. This enables fraudsters to intercept both calls and SMS messages, including authentication codes for banking and online services.

Q: How can I identify if my number has been fraudulently ported?

A:

Indicators of fraudulent porting may include an unexpected loss of mobile service, inability to make or receive calls, and not receiving anticipated SMS messages. If you notice these problems, reach out to your telecom provider immediately.

Q: What should I do if I become a victim of a mobile porting scam?

A:

Should you suspect your number has been fraudulently ported, contact both your telecom provider and financial institutions without delay. Change passwords for sensitive accounts and report the incident to the Australian Cyber Security Centre (ACSC) or the Australian Federal Police.

Q: Can telecom companies prevent mobile porting fraud?

A:

Yes, numerous telecommunications providers have instituted extra security measures like requiring PINs or multi-step verification for number porting requests. However, fraudsters still find ways to get around these protections, making awareness among consumers crucial.

Q: What consequences do scammers face for mobile porting fraud?

A:

In Australia, mobile fraud is taken very seriously as a criminal offence. Those found guilty of fraudulent number porting may face prison sentences of up to 10 years, contingent on the severity of the offence and the resulting financial damage.

Q: How can I enhance the security of my online accounts?

A:

To boost security, prefer app-based authentication (like Google Authenticator) over SMS codes. Activate two-factor authentication, utilize strong passwords, and routinely refresh your security settings.

Q: Are mobile porting scams becoming increasingly prevalent?

A:

Yes, mobile porting scams have been escalating both in Australia and globally. As cybercriminals grow more sophisticated, it is essential for individuals and organizations to stay updated and take needed precautions to safeguard their personal information.

Q: What should I do if I receive a dubious porting request?

A:

If you receive an unexpected notification regarding a porting request, contact your telecom provider without delay to verify its authenticity. Do not disregard such alerts, as timely action can help avert fraud.

Queensland Transport to Transition from Mainframe as CITEC Withdraws Support


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Queensland Transport Transitions to Cloud as CITEC Halts Mainframe Support

Queensland Transport’s IT Transformation: Departing from Mainframe as CITEC Withdraws Support

Queensland Transport transitions to cloud as CITEC support concludes

Quick Overview

  • Queensland’s Department of Transport and Main Roads (TMR) intends to transition from its IBM z16 mainframe to the cloud.
  • This change is prompted by CITEC’s choice to end mainframe support for Queensland’s government entities.
  • TRAILS, the state’s transport registration and licensing system, has operated on a legacy mainframe for three decades.
  • The initiative is in alignment with Queensland’s overall government cloud-first policy.
  • TMR is considering cloud-hosting options in Sydney or Melbourne.
  • The modernization effort aims to lower costs and enhance system adaptability.

Reasons Behind Queensland Transport’s Cloud Migration

Queensland’s Department of Transport and Main Roads (TMR) is hastening plans to shift its primary transport registration and licensing system (TRAILS) from its ageing IBM z16 mainframe. This move is driven by CITEC, the state’s IT service provider, discontinuing support for mainframe hosting for government entities.

CITEC’s Influence on Queensland’s IT Framework

CITEC has been a vital technology provider for Queensland’s public sector, overseeing essential infrastructure like mainframe environments. However, due to diminishing demand for outdated systems and a growing shift toward cloud computing, CITEC has opted to discontinue its mainframe hosting services. This necessitates that agencies such as TMR pursue alternative options to sustain their critical IT functions.

A Legacy System in Need of Update

For thirty years, TRAILS has served as the foundation of Queensland’s transport registration and licensing services. Nevertheless, like many legacy systems, it has become expensive to support and challenging to update. Currently, the system operates using Java, COBOL, and Java Gen, hosted in data centers run by Polaris and iSeek.

Challenges in Upholding Mainframe Systems

Maintaining a legacy mainframe system like TRAILS presents various challenges:

  • Expensive Maintenance: Mainframe systems necessitate considerable investment in hardware and specialized skills.
  • Restricted Flexibility: Modifying or upgrading legacy systems is time-consuming and complicated compared to contemporary cloud-driven solutions.
  • Security Issues: Older mainframes might not comply with current cybersecurity standards, raising the risk of data breaches.

The Journey Towards Cloud Migration

TMR is exploring cloud-hosting solutions to ensure uninterrupted services while embarking on a broader modernization initiative. The department has already migrated several on-premises systems to major cloud vendors such as AWS, Azure, and Oracle, making this transition a sensible step forward.

Cloud Migration Approach

TMR’s cloud migration strategy comprises two primary options:

  • Complete Cloud Transition: Moving TRAILS to a cloud-hosted setting in Sydney or Melbourne.
  • Temporary Mainframe Hosting: Maintaining the system on a mainframe with a new provider for at least five years.

The overarching aim is to modernize both TRAILS and the broader Registration and Licensing Services (RnLS) ecosystem while steering clear of another costly hardware upgrade, currently set for 2028.

Alignment with Queensland’s Cloud-First Strategy

The Queensland government has been vigorously advocating a cloud-first policy for technology infrastructure, prompting agencies to move away from outdated systems. TMR’s initiative to investigate cloud solutions aligns with this wider strategy, ensuring long-term viability and innovation in public sector IT services.

Advantages of Cloud Adoption

  • Scalability: Cloud services allow for dynamic scaling according to demand.
  • Cost Savings: Diminishes the need for costly on-premises hardware and upkeep.
  • Enhanced Security: Cloud providers enforce strong cybersecurity protocols.
  • Better Performance: Accelerated processing times and increased system reliability.

Conclusion

Queensland’s Department of Transport and Main Roads is hastening its departure from legacy mainframe systems as CITEC phases out support. The transition to cloud-based solutions is anticipated to boost efficiency, cut costs, and future-proof the state’s transport registration and licensing framework. With the Queensland government endorsing a cloud-first approach, TMR’s migration strategies fit seamlessly into broader IT modernization objectives.

Q&A: Important Questions Clarified

Q: Why is Queensland Transport moving away from its mainframe?

A:

The transition is spurred by CITEC’s decision to discontinue mainframe support for Queensland government organizations and the need to modernize an outdated IT system.

Q: What is TRAILS, and why does it matter?

A:

TRAILS is Queensland’s transport registration and licensing system, managing vehicle and driver records for the state. It has been operational for three decades.

Q: Which cloud providers is TMR considering?

A:

TMR has prior experience with AWS, Azure, and Oracle and is likely to consider hosting TRAILS with one of these vendors.

Q: What challenges does TMR encounter during this migration?

A:

Primary challenges include ensuring a smooth transition, upholding data integrity, and managing expenses associated with cloud migration.

Q: How will this change benefit Queensland citizens?

A:

A modernized system will enhance service efficiency, reduce downtime, and provide better security for managing transport data.

Q: Will other Queensland government agencies follow this example?

A:

With the state adopting a cloud-first initiative, it is likely that other agencies may soon shift from mainframes to cloud solutions as well.

Q: When is the completion date for the migration?

A:

No specific timeline has been established, but TMR aims to finalize the migration before the upcoming hardware refresh planned for 2028.

HBF’s Latest CRM Reduces Member Interaction Duration by 35 Minutes


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HBF’s IT Revamp Cuts Customer Service Times by 35 Minutes

Quick Overview

  • HBF has adopted Salesforce’s Financial Services Cloud as its updated CRM system.
  • Interactions in customer service have been shortened by as much as 35 minutes.
  • Enhanced “single pane of glass” portal increases operational efficiency for service representatives.
  • The AI-driven agent “Buddy” assists with initial member inquiries.
  • Predictive replies and generative AI enhance response times.
  • The CRM overhaul has further boosted HBF’s employee retention and hiring efforts.

HBF’s IT Revamp Cuts Customer Service Times by 35 Minutes

HBF's CRM transformation boosts customer service efficiency

Sanjeev Gupta, HBF

Updated CRM Elevates Customer Service Effectiveness

HBF, a leading not-for-profit health insurer in Australia, has executed a major IT transformation by launching Salesforce’s Financial Services Cloud as its new customer relationship management (CRM) system. This enhancement has substantially decreased customer service interaction durations, reducing them by as much as 35 minutes.

Consolidated Member Engagement Portal

The overhaul at HBF features a “single pane of glass” portal that integrates all pertinent member information into one interface. Previously, service representatives needed to switch between multiple screens to obtain data, making customer interactions tedious and lengthy.

With the updated portal, frontline employees can quickly access policy information, past interactions, and even predictive insights that assist in resolving issues more effectively.

AI-Driven Support from ‘Buddy’

To increase operational efficiency, HBF has incorporated an autonomous AI agent named ‘Buddy’. This digital assistant addresses initial customer queries before passing them on to human representatives as needed. By managing standard inquiries, Buddy allows human agents to concentrate on more complicated issues, enhancing the overall quality of service.

Automation Shortens Processing Times for Policy Updates

Quicker Policy Adjustments

A notable enhancement pertains to policy changes. Previously, a straightforward task like adding a newborn to a health plan could require up to 40 minutes. Now, thanks to automation and streamlined workflows, this task can be completed in under five minutes.

“This is a significant enhancement in experience for both members and staff,” remarks HBF’s Chief Information and Transformation Officer, Sanjeev Gupta.

Predictive AI for Enhanced Decision-Making

The CRM at HBF utilizes a generative AI variant of Salesforce’s Einstein, offering predictive insights and policy recommendations for agents. This guarantees that staff have all the essential information readily available, reducing the necessity for multiple interactions and boosting first-contact resolution rates.

Effects on Workforce and Service Quality

Improved Employee Experience

In addition to streamlining customer interactions, HBF’s IT transformation has had a beneficial effect on its workforce. The new CRM alleviates frustrations among service agents by simplifying workflows, resulting in greater job satisfaction and better talent retention.

Enhanced Talent Acquisition

Gupta further noted that the transformation has made HBF a more appealing employer in the technology and customer service fields. With a modern, AI-fueled system in place, the organization can draw in top talent eager to engage with advanced tools.

Conclusion

HBF’s investment in Salesforce’s Financial Services Cloud has greatly improved its customer service functionalities, decreasing interaction times by 35 minutes. By introducing AI-driven automation, a unified service portal, and predictive analytics, the insurer has optimized workflows for both customers and staff. Furthermore, the transformation has enhanced employee satisfaction and retention, establishing HBF as a pioneer in digital innovation within the Australian health insurance market.

Questions & Answers

Q: What is the primary advantage of HBF’s new CRM system?

A:

The main advantage is the reduction in customer service interaction durations by up to 35 minutes because of automation, AI-driven support, and a refined user interface.

Q: In what way does the “single pane of glass” portal enhance service?

A:

This portal integrates all relevant customer information into a single interface, eliminating the need for agents to navigate multiple screens, thereby heightening efficiency and first-contact resolution rates.

Q: How does AI contribute to HBF’s new system?

A:

AI significantly impacts customer interactions. The virtual assistant “Buddy” addresses initial inquiries, while generative AI supplies predictive responses and policy suggestions for human agents.

Q: How has the time for policy modification improved?

A:

In the past, making a simple policy change, such as adding a newborn, could take up to 40 minutes. With automation and guided workflows, this now takes less than five minutes.

Q: What effect does the CRM upgrade have on HBF’s workforce?

A:

The new system lessens workload complexity for employees, resulting in increased job satisfaction and better retention. It also enhances HBF’s appeal to tech-savvy professionals.

Q: What technology underpins the predictive responses in HBF’s CRM?

A:

HBF employs a generative AI version of Salesforce’s Einstein, which delivers predictive insights and policy recommendations, enhancing decision-making for service agents.

Q: Has this transformation influenced HBF’s ability to attract talent?

A:

Indeed, the upgraded system has positioned HBF as a technologically advanced employer, drawing in top talent in customer service and IT.

Q: What’s on the horizon for HBF regarding digital transformation?

A:

Though specific details remain undisclosed, HBF is anticipated to continue utilizing AI and automation to further enhance customer experiences and operational efficiency.

ASUS ROG Z13 (2025) Revealed Featuring Robust GeForce RTX 5090


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Swift Overview

  • ASUS ROG launches its 2025 gaming laptop collection in Australia, featuring state-of-the-art Intel, AMD, and NVIDIA technology.
  • The new assortment consists of the ROG Strix, Zephyrus, and Flow Z13 models.
  • High-end NVIDIA GeForce RTX 5090 GPUs drive the series, delivering AI-enhanced performance and next-generation ray tracing.
  • Innovative cooling technologies like vapor chambers and Tri-Fan Technology guarantee maximum thermal efficiency.
  • The Zephyrus series combines power and portability with sleek designs and high-quality OLED displays.
  • The Flow Z13 presents a robust 2-in-1 gaming tablet, equipped with a Ryzen AI Max+ 395 processor.
  • The external GPU XG Mobile now provides Thunderbolt 5 support for improved performance.
  • Pricing begins at AUD $4,899, with pre-orders accessible through major Australian retailers.

Future-Forward Power and Innovation

ASUS Republic of Gamers (ROG) has formally introduced its 2025 gaming laptop collection in Australia, establishing new benchmarks for portable gaming capabilities. The latest models integrate advanced Intel Core Ultra and AMD Ryzen processors with NVIDIA’s powerful GeForce RTX 50 Series GPUs, which utilize the Blackwell architecture.

Featuring AI-driven performance improvements, DLSS 4, and sophisticated ray tracing, these devices cater to gamers, content creators, and AI aficionados alike. With 81% of Australians participating in gaming (Australia Plays 2023), the need for high-performance rigs is more pronounced than ever.

ROG Strix: The Pinnacle Gaming Machine

The ROG Strix series, inclusive of models such as the Strix SCAR 16, Strix SCAR 18, Strix G16, and Strix G18, provides exceptional gaming performance. These laptops are equipped with full-surround RGB lighting, a tool-free bottom panel for effortless upgrades, and advanced cooling via a complete vapor chamber.

Superior Graphics and AI Efficiency

Fitted with up to an NVIDIA GeForce RTX 5090 Laptop GPU, the Strix models excel in gaming, creative tasks, and AI functions. NVIDIA’s DLSS 4 technology boosts performance while ensuring stunning visual fidelity, making it perfect for contemporary AAA gaming.

Optimized Cooling and Components

Intel-equipped Strix models feature a sophisticated sandwiched heatsink, liquid metal cooling, and a full-length rear vent, enhancing performance while minimizing noise. Conversely, AMD-compatible Strix G16/G18 models use seven heat pipes, comprehensive vents, and a tri-fan system to maintain temperature control.

Zephyrus: Power and Portability Combined

The Zephyrus series, encompassing the G14 and G16 models, delivers top-tier gaming performance in a sleek, lightweight design. These laptops are powered by either AMD Ryzen AI 9 HX 370 or Intel Core Ultra 9 285H processors, paired with NVIDIA GeForce RTX 5090 Laptop GPUs.

Cutting-Edge Display and Cooling

With OLED ROG Nebula Displays capable of up to 3K resolution and 240Hz refresh rates, these laptops offer spectacular visuals and rapid response times. Advanced cooling features, such as refined heat pipes and next-gen Arc Flow Fans, enhance thermal efficiency by 23%.

Flow Z13: A Powerful Yet Compact Solution

The Flow Z13, now available in Australia, reimagines portable gaming as a hybrid 2-in-1 laptop and tablet. With an integrated kickstand and a touchscreen that supports a stylus, it provides a flexible gaming and creative experience.

AI-Enhanced Performance

Driven by an AMD Ryzen AI Max+ 395 processor and RDNA 3.5 graphics, the Flow Z13 offers workstation-level AI capabilities. Its unified quad-channel memory architecture facilitates faster data transfer between the CPU and GPU, decreasing latency for high-performance tasks.

Impressive Display and Battery Life

The 2.5K 180Hz ROG Nebula Display, Pantone validated and fully covering the DCI-P3 color space, guarantees vibrant and precise colors. With a 70Wh battery providing over 10 hours of usage and rapid charging abilities, the Flow Z13 is designed for on-the-move gaming.

XG Mobile: External GPU for Top-Tier Power

The 2025 XG Mobile external GPU now includes Thunderbolt 5 support, ensuring seamless compatibility with modern devices. Offering up to an NVIDIA GeForce RTX 5090 Laptop GPU, it delivers desktop-level performance in a compact design.

Improved Cooling and Connectivity

The XG Mobile boasts a semi-transparent off-black casing with a stainless steel vapor chamber for effective cooling. It also functions as a docking station, providing various connectivity options, including HDMI 2.1, DisplayPort 2.1, USB 3.2, and 5Gbps Ethernet.

Pricing and Availability in Australia

Pre-orders for the ASUS ROG 2025 gaming laptop collection are officially open at major Australian retailers, including JB Hi-Fi, Officeworks, Amazon, Harvey Norman, Centre Com, Scorptec Computers, JW Computers, and PLE Computers.

Prices begin at AUD $4,899 for the Strix G16, with the premium SCAR 18 listed at AUD $8,999. Most models are anticipated to be available by early April, while the Flow Z13 is already ready for purchase.

Conclusion

ASUS ROG’s 2025 gaming laptop series offers next-generation performance for Australian gamers, equipped with innovative Intel, AMD, and NVIDIA technology. Featuring AI-enhanced functionalities, ultra-responsive displays, and advanced cooling mechanisms, these laptops cater to both dedicated gamers and creative professionals. The Flow Z13 provides a distinctive 2-in-1 offering, while the XG Mobile external GPU enhances performance potential. Starting at AUD $4,899, pre-orders are currently open.

Questions & Answers

Q: What are the standout features of the ASUS ROG 2025 laptop series?

A:

The series showcases Intel Core Ultra and AMD Ryzen processors, NVIDIA GeForce RTX 5090 GPUs, AI-enhanced performance, advanced cooling technologies, and premium OLED displays.

Q: Who should think about acquiring these latest ROG laptops?

A:

These laptops are perfect for dedicated gamers, content creators, and AI developers requiring high-performance hardware for demanding tasks.

Q: What differentiates the Flow Z13 from other gaming laptops?

A:

The Flow Z13 is a 2-in-1 device that serves as both a high-performance gaming laptop and a tablet, equipped with a kickstand, stylus compatibility, and a robust Ryzen AI Max+ 395 processor.

Q: Which cooling technologies are employed in the new ROG laptops?

A:

The series incorporates vapor chambers, Tri-Fan Technology, liquid metal cooling, and enhanced heatsinks to uphold optimal performance and minimize noise.

Q: In what ways does the XG Mobile external GPU boost performance?

A:

The XG Mobile supports Thunderbolt 5 and features up to an NVIDIA RTX 5090 Laptop GPU, transforming any compatible laptop into a formidable gaming or creative workstation.

Q: Where can I place a pre-order for these laptops in Australia?

A:

You can pre-order through major retailers such as JB Hi-Fi, Officeworks, Amazon, Harvey Norman, Centre Com, Scorptec Computers, JW Computers, and PLE Computers.

Q: When will the ASUS ROG 2025 laptops be released?

A:

Most models are expected to launch in early April, while the Flow Z13 is already available for sale in Australia.

Q: What are the price points for these laptops?

A:

Prices start at AUD $4,899 for the Strix G16, rising to AUD $8,999 for the SCAR 18.

**Digital as Normal: The Human Hazard in Cyber Security**


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Comprehending Human Risk in Cyber Security | TechBest

Quick Overview

  • Cyber security threats are increasingly associated with human mistakes.
  • To reduce risks, companies should emphasize education and awareness.
  • Security teams and board members have a vital role in defending against cyber threats.
  • Thorough security programs can help diminish financial and reputational harm.
  • Australian enterprises need to embrace a proactive stance on cyber security.

The Human Element in Cyber Security

Cyber threats do not solely concern IT departments; they pose a significant risk to businesses worldwide. In Australia, the surge in cyber incidents underscores an essential factor—human error. Whether it’s employees being tricked by phishing scams, selecting weak passwords, or neglecting to adhere to security protocols, the human factor continues to be the most fragile link in cyber security.

Recognizing the Significance of Employees in Cyber Security

Employees often serve as the first barrier against cyber threats, yet they can also represent a significant vulnerability. Insufficient awareness or training can result in unintended security lapses. Frequent errors consist of:

  • Clicking on harmful email links.
  • Utilizing easily guessed or duplicated passwords.
  • Accessing corporate data over unsecured networks.
  • Disregarding or circumventing security regulations.

These seemingly trivial actions can lead to serious repercussions, such as financial losses, data breaches, and harm to reputation.

The Importance of Security Teams and Board Members

Although employees constitute a major risk element, security teams and board members must take charge of executing thorough cyber security plans. Security teams need to guarantee that organizations have strong policies and technical defenses established, while board members must give precedence to cyber security at the executive level.

Essential strategies consist of:

  • Routine cyber security training for all staff.
  • Implementation of multi-factor authentication (MFA) on all systems.
  • Performing regular security assessments and penetration tests.
  • Ensuring adherence to Australian cyber security standards.

Fostering a Culture of Cyber Awareness

Cyber security transcends technology; it embodies culture. Organizations should cultivate a setting where employees feel accountable for upholding security. This can be accomplished through:

  • Motivating employees to report suspicious emails or actions.
  • Offering continuous education on new cyber threats.
  • Acknowledging compliance with security policies through incentives.

By integrating security awareness into the corporate culture, organizations can significantly mitigate human-related cyber risks.

Enhancing Cyber Security for Australian Enterprises

Australian businesses must adopt a proactive stance toward cyber security. The Australian Cyber Security Centre (ACSC) advises the implementation of the Essential Eight framework, which involves:

  • Application whitelisting to block unauthorized software execution.
  • Regularly updating applications and operating systems.
  • Limiting administrative privileges to essential personnel.
  • Utilizing multi-factor authentication.

By implementing these practices, organizations can better safeguard themselves from cyber threats.

Conclusion

Cyber security poses an escalating challenge for Australian companies, and human error remains a significant risk factor. While security teams and board members are crucial in strategic defense initiatives, employees must also be informed about best practices. Cultivating a culture of cyber awareness and establishing strong security measures can aid in alleviating these risks. Organizations must proactively prepare to face evolving cyber threats.

Q&A: Comprehending Human Risk in Cyber Security

Q: What makes human risk a crucial factor in cyber security?

A:

Human risk is critical since cybercriminals frequently take advantage of human mistakes rather than technical flaws. Employees may unknowingly click on phishing emails, recycle weak passwords, or fall for social engineering tricks, resulting in security breaches.

Q: How can companies decrease human-related cyber security risks?

A:

Companies can lessen risks by providing regular cyber security training, enforcing strong password rules, employing multi-factor authentication, and fostering a culture of cyber awareness.

Q: What is the role of board members in cyber security?

A:

Board members are accountable for making sure that cyber security is treated as a strategic priority. They should allocate resources for cyber defenses, supervise compliance with regulations, and promote a security-first culture across the organization.

Q: What is multi-factor authentication, and why is it essential?

A:

Multi-factor authentication (MFA) requires users to confirm their identity through multiple methods, like a password and a one-time code sent to their phone. This provides an additional layer of security, making it more difficult for attackers to gain unauthorized access.

Q: How can Australian companies adhere to cyber security regulations?

A:

Australian firms should comply with guidelines from the Australian Cyber Security Centre (ACSC), including the Essential Eight framework. Regular security evaluations, employee training, and solid security policies can ensure compliance and bolster protection.

Q: What financial repercussions arise from a cyber attack?

A:

Cyber attacks can incur significant financial damages due to data breaches, legal fines, ransom payouts, and reputational harm. Businesses may also experience operational downtime, adversely affecting revenue.

Q: How does application whitelisting enhance security?

A:

Application whitelisting guarantees that only authorized software can operate on company systems. This mitigates the risk of malware infections and other cyber threats by preventing harmful applications from executing.

Q: How frequently should companies hold cyber security training?

A:

Cyber security training should be a continuous effort. Employers should carry out mandatory training sessions at least every year and provide ongoing updates to staff about new cyber threats and best practices.

Defence Postpones Rollout of Data Platform’s ‘Minimum Viable Capability’


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OneDefence Data Platform Launch Delayed by Defence | TechBest

Summary

  • The Australian Defence Force has rescheduled the launch of its OneDefence Data platform’s “minimum viable capability” (MVC) to late March or early April.
  • The system is in the production phase but is currently processing only synthetic data as testing continues.
  • The platform’s initial application will focus on health knowledge management.
  • The project, which began with KPMG, is now chiefly overseen by Defence personnel.
  • Additional specifications and technological features have been added, resulting in the delay.

New Delays for Defence’s OneDefence Data Platform

Australian Defence postpones data platform's operational launch

Launch of OneDefence Data Platform Delayed to March or April

The Australian Defence Force (ADF) has announced a postponement of the rollout for its OneDefence Data platform. Initially scheduled for a December completion, the platform’s “minimum viable capability” (MVC) is now anticipated to be launched in late March or early April.

During a Senate estimates hearing, Chief Information Officer Chris Crozier discussed the situation, clarifying that while the platform is “in production” for both protected and secret information, it remains in the testing phase, utilizing synthetic data.

What Caused the Delay?

The postponement is attributed to the need for ensuring the system’s trustworthiness and security before it can manage live data. Crozier stated that Defence is still “shaking the systems out” to confirm that everything is operationally sound before full implementation.

A significant reason for the delay is the shift in oversight from external contractors—originally managed by KPMG—to internal Defence staff. Although some contractors are still participating, the Commonwealth has assumed complete control over strategic decisions and implementation.

Initial Focus on Health Knowledge Management

The first sector of Defence set to leverage the capabilities of the OneDefence Data platform is health knowledge management. However, live patient data will not be utilized until the system has been fully validated, with synthetic data being employed for testing instead.

“Currently, we don’t want to be ingesting live patient data until we confirm that the system is reliable, so we’re using synthetic data to validate the technology,” Crozier clarified.

Defence Taking Charge of the Project

Defence has increased its role in the project, making fundamental architectural decisions and overseeing the fulfillment of requirements necessary to achieve MVC. While KPMG and its collaborators handled the initial build, Defence is now responsible for data ingestion, processing, and supplementary system improvements.

Crozier mentioned that the transition has empowered Defence to adapt the platform in accordance with changing needs and to integrate new technological capabilities.

Previous Challenges and Adjustments

The OneDefence Data initiative has experienced prior delays. Initial due diligence efforts revealed issues requiring rectification, leading to previous schedule changes. Nevertheless, Defence remains focused on delivering the platform with enhanced capabilities.

Conclusion

Although the OneDefence Data platform has faced delays, the transition to internal management and a rigorous testing approach reflect a commitment to ensuring that the platform is dependable and secure prior to its complete rollout. The first application in health knowledge management underscores its potential significance, but the Defence team must still achieve critical milestones in data ingestion and system validation.

Questions and Answers

Q: What is the OneDefence Data platform?

A:

The OneDefence Data platform is an innovative technology initiative from the Australian Defence Force aimed at enhancing data management and security within Defence operations.

Q: What is the reason for the deployment delay?

A:

The delay is attributed to continuous testing, refinement of the platform, and the shift from contractor-led development to in-house oversight by Defence personnel.

Q: When is the new anticipated launch date?

A:

Defence now expects to achieve “minimum viable capability” for the platform by late March or early April.

Q: What type of data is currently being used for testing?

A:

At this stage, testing is being conducted solely with synthetic data in order to validate the system prior to incorporating live data.

Q: What will be the platform’s first application?

A:

Once initial testing concludes, health knowledge management will be the first domain within Defence to utilize the platform.

Q: Who is in charge of the project management now?

A:

The project is now under the management of the Commonwealth, specifically Defence personnel, with limited contractor participation.

Q: Have there been previous delays with the platform?

A:

Indeed, earlier due diligence investigations uncovered issues needing resolution, resulting in prior delays.

Q: What are the upcoming steps for this project?

A:

The focus will remain on importing required datasets, finalizing system validation, and ensuring the full functionality of all analytical components.

Goodman Group Obtains $4 Billion for Data Centre Growth


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Brief Overview

  • Goodman Group is seeking to raise $4 billion via a share placement to enhance its data centre initiatives.
  • This capital raise marks the largest in Australia in over three years.
  • Proceeds will be allocated for data centre construction and to decrease company debt.
  • The rise in demand for cloud services, AI, and machine learning is propelling this expansion.
  • New developments for data centres are in the pipeline for Sydney, Melbourne, Los Angeles, Tokyo, Paris, Amsterdam, and Hong Kong.
  • The company reported an 8% rise in operating profit during the first half of the fiscal year.

Goodman Group’s $4 Billion Fundraising: Accelerating Data Centre Growth

In a monumental financial initiative, the Australian property and logistics behemoth Goodman Group has revealed plans to secure $4 billion in capital. Headquartered in Sydney, the company will issue 119.42 million shares priced at $33.50 each, representing the largest capital fundraising in Australia in more than three years. This decision is timely, coming as demand for data centres surges, driven by rising cloud usage, artificial intelligence (AI), and machine learning technologies.

Goodman Group secures funding for global data centre expansion

Reasons Behind Goodman Group’s Data Centre Investment

As digital evolution progresses, data centres have become essential infrastructure that supports a wide array of services, from cloud computing to AI-based applications. Goodman Group CEO Greg Goodman emphasized the dramatic increase in demand, noting that the growing reliance on cloud technology and data migration has instigated a “step change” in the company’s development path.

The capital obtained will both facilitate the creation of new data centres and assist Goodman Group in enhancing its financial health by reducing its debt. The company’s strategic goal of increasing its data centre portfolio aligns with international trends indicating that hyperscale data centres are crucial for managing soaring data usage.

Future Developments and Global Growth

Goodman Group currently manages data centres with a total capacity of five gigawatts across 13 cities around the globe. With the newly acquired funding, the company aims to develop an additional 0.5 gigawatts by mid-2025.

Planned data centre construction is set for several pivotal global locations, including:

  • Sydney
  • Melbourne
  • Los Angeles
  • Tokyo
  • Paris
  • Amsterdam
  • Hong Kong

The projected worth of these new facilities is around $10 billion, affirming Goodman Group’s dedication to expanding its footprint in high-demand markets.

Financial Results and Market Influence

Goodman Group maintains robust financial health, reporting an operating profit of $1.22 billion in the first half of the financial year—an 8% increase from the previous year. The successful capital raise, along with strategic growth initiatives, has positioned the company as a significant contender in the global data centre sector.

The share placement was set at a 6.9% discount to the company’s closing price of $35.98, presenting an appealing investment opportunity for institutional investors. Furthermore, a $400 million security purchase plan is available for current shareholders, thereby enhancing investor confidence.

Conclusion

The $4 billion capital raise by Goodman Group signifies a crucial investment into the future of data centres. As the demand for cloud computing and AI-oriented services continues to escalate, the company is positioning itself as a frontrunner in digital infrastructure development. By enhancing its international presence and bolstering its financial standing, Goodman Group is poised to seize opportunities in the burgeoning need for high-capacity data centres.

Q&A: Key Takeaways Regarding Goodman Group’s Expansion

Q: What is the purpose of Goodman Group’s $4 billion capital raise?

A:

The capital will be utilized to expand Goodman Group’s data centre and logistical operations, along with reducing its debt levels. The initiative responds to the rising demand for cloud computing, AI, and data migration services.

Q: How does this fundraising effort stack up against other major financial activities in Australia?

A:

This represents the largest capital fundraising in Australia in over three years, following CSL’s $6.3 billion capital raise in December 2021.

Q: Which cities will see benefits from Goodman Group’s data centre expansion?

A:

New developments will be launched in Sydney, Melbourne, Los Angeles, Tokyo, Paris, Amsterdam, and Hong Kong.

Q: What is the current financial performance of the company?

A:

Goodman Group has reported an operating profit of $1.22 billion for the first half of the financial year, reflecting an 8% increase year-over-year.

Q: What factors are fueling the need for additional data centres?

A:

The rising demand for cloud computing, AI technologies, machine learning, and data storage capabilities is driving the necessity for enhanced data centre capacity across the globe.

Q: How will this affect Goodman Group’s position in the market?

A:

This expansion enhances Goodman Group’s status as a leading entity in the global data centre market, enabling the company to meet growing digital infrastructure requirements while reinforcing its financial resilience.

Q: What opportunities does this create for investors?

A:

With the share placement offered at a 6.9% discount, institutional investors and current shareholders have a chance to partake in Goodman Group’s long-term growth plans.