NZTech Inform – Record profitability growth!

Georgia Taylor
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NZTech Newsletter

Kia Ora

I am looking forward to joining the TIN100 team on Wednesday in Auckland to hear how the top 200 tech exporters have progressed during the past 12 months.  It’s fantastic to see the TIN100 team also in Wellington and then in Christchurch to share the great news.

According to a preview, New Zealand’s top 200 tech companies have achieved 38 percent profitability growth in the last year alone, which is the fastest rise since the report first started tracking movement in 2005.  Additionally, the stock prices for the largest ten listed TIN100 companies by market capitalisation have risen 57.3 percent in the past year.  I can’t wait to find out more!

Last week, at the NZTech Cyber Security Summit I hosted a leader’s workshop on how to enable better information sharing so that we can all learn from the experiences of those that have been attacked.  There are all sorts of reputational risks for firms to disclose they have been hacked, but the value from sharing this information is enormous.  The answer seems to be encouraging more organisations to share with CERT, the relatively new Government agency that aggregates this information.  In a recent global analysis, the average cost of a data breach was $3.8 million.  As more firms share data with CERT in New Zealand, the real costs of poor security practices will become more apparent.  I believe that ensuring all firms are cyber secure is nationally important, so cybersecurity remains an area that NZTech continues to work closely with the Government and our membership.

I hope you enjoy the short week.

Ng? mihi
Graeme Muller
CEO
NZTech

CONNECT

Join FinTechNZ’s Spring Connect events on 31 October in Wellington and 1 November in Auckland (including Annual Meeting).  Register for the New Zealand FinTech Summit on 29 November in Auckland.

The 2018 Agritech New Zealand Roadshow continues on 24 October in Auckland and 25 October in Tauranga. Join TechTalk on 25 October in Auckland and listen to TechLeader Glen Willoughby discuss his collaboration with NASA’s Jet Propulsion Lab.

Join the AI Forum’s Connect event on 30 October in Dunedin.  Join CanterburyTech on 6 November for talks on agritech and bio security.  CanterburyTech is also recruiting for a General Manager and an Event Coordinator.  Also, Techweek are hiring!

PROMOTE

Make the most of Expo 2020 Dubai, with NZTE’s Gulf Opportunities Showcase tomorrow in Auckland and Hamilton, 26 October in Wellington and 25 October in Christchurch.

The Edmund Hillary Fellowship presents New Frontiers 4-6 November in Wellington.  Share, explore and co-create solutions to the world’s most pressing problems.  Applications close on 26 October.

Strengthen connections in digital health at the HiNZ Conference, 21-23 November in Wellington.  Join the AI Forum at the 31st Australasian Joint Conference on Artificial Intelligence 11-14 December in Wellington.

ADVANCE

Entries for the 2019 Hi-Tech Awards open on 3  December.  Attend the launch events on 28 November in Auckland,  5 December in Wellington and 6 December in Christchurch.

Is your company ready to scale up with international growth? Enter the inaugural #TechRocketshipANZ Awards.  Entries close 23 November.

Save these 2019 event dates; Tech Marketers conference on 28 February, AI-Day on 28 March and Techweek 20-26 May.  Save the date for the 2019 Hi-Tech Awards Gala Dinner on 24 May in Auckland.

Want to know more?  Sign up for the NZTech weekly update, it’s free and will take less than a minute!

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