new technologyAt the center of any group’s material culture is technology. There’s just been an explosion in the number of technologies and the range of systems you see,” says Arvind Ravikumar, an assistant professor of energy engineering at Harrisburg University who led an extensive field test study of different methane monitoring technologies at METEC last year.

But we are already there in a number of fields; Nanotechnology is coming of age, progressing from the research labs to consumer products; the technology holds key to new developments in technology, communications, engineering, medicines, computers, green energy and many more areas; the secret lies in manipulating the matter at the molecular or atomic level- just a billionth of a meter.

Given the scarcity of the most important skills sets needed in the next-generation (such as influencing, relationship management, data analytics), focus on developing staff with high level enabling” skills (i.e. highly productive speakers and writers) that can adapt to the changing technological landscape, and build, buy and borrow skills as needed.

While factors like rapid technological advancements, regulatory changes, big data and a heightened need for analytics are placing new demands on the finance function, with the right operating model, tools and talents, these challenges can be used as opportunities to carve out a more prominent position in the technology

Australian Strategic Policy Institute defence program director Michael Shoebridge said Australian companies and research institutions should not partner with Chinese companies that sell their technologies to be used in the Chinese military and intelligence agencies.