The Australian federal budget has opened the door for new entrants into the banking sector by changing the limitation on closely-held ownership in the relevant act, removing the Prohibition on the use of "bank" by some authorised deposit-taking bodies, and changing the bank-licensing process.

IT start-ups and small businesses have generally not found much to cheer in the federal budget, with some lamenting the lack of any direct support for start-ups and entrepreneurs.

The Australian Computer Society says the budget falls short in providing sufficient funds to address the ICT skills gap and wants the federal government to allocate more funding to overcome the problem.

Real time processing of big-data can be beneficial in many ways. In the case of a new Swedish system connected cars can tell other drivers about potential hazardous road conditions.

Many Australian retailers are not ready for the assault coming in the form of Amazon, or what left-field havoc players like Uber, Facebook and others that know and own their clients may wreak.

ASX-listed nano-satellite telecommunications provider Sky and Space Global has sealed an agreement with the London-based Wefarm free knowledge and data sharing service that empowers farmers to connect with other farmers around the world.

Radio is a life line and the primary source of information for residents of remote areas of Western Australia, with a majority spending significantly more time listening to the radio than listeners in all areas across the nation.

And of course, there's plenty more so for all the news visit www.itwire.com.

Have a great day!

Stan Beer, Editor in Chief, iTWire

ADVERTISE IN THIS NEWSLETTER & iTWire.com

Contact:

andrew.matler@itwire.com

0412  390 000
Unsubscribe me from this list