The Polaris Centre is northern industry’s gateway to transferrable real-world innovation. Through our unique strengths of combined local industry knowledge through the City of Salisbury and research expertise through the University of South Australia, we are helping to transform and advance northern industry for a sustainable growth future. Our direct partnerships and programs below offer a variety of platforms to facilitate innovation delivery to your business or industry, to develop robust global industries for the 21st century.
Do you have a great idea that could turn into the next start up?
UniSA students and recent graduates (up to 12 months) can apply for up to $50,000 to kickstart their business idea! Start your adventure now by applying for Venture Catalyst funding. You can receive up to $50,000 to help you realise your great idea.
Our increasingly intelligent and interconnected world is bringing huge changes to our lives and the way our businesses exist and operate. Through increasing business transaction processing systems, social media and online commerce to name a few areas, enormous amounts of data are now produced and collected. It has been estimated that more data was collected during 2012 than in the whole of the remaining history of our world.
What does that mean for businesses today and how can businesses innovate using the increasing amount of Big Data existing and available to organisations? Professor Andy Koronios of UniSA highlighted at a recent seminar for northern businesses how Big Data can be the most valuable asset an organisation can have, and that it can be transformative for those organisations that understand how to use it well.
Specifically, Big Data can provide higher volumes of accurate data to assist in better, more sophisticated decision making and assist with forecasting and prediction. It can also lead to narrower segmentation and help to provide customers with more precisely tailored products and services. It can also create new business models for creating value through new products and services.
So some practical advice when it comes to approaching Big Data:
- Don’t let the ‘Big’ scare you.
- Identify where your organisation is in terms of the data it collects and uses.
- Ensure that your data is well managed and accurately captured.
- Sharpen your organisation’s business analytics skills.
- Focus on the biggest value opportunity where Big Data might deliver benefit.
- Take small steps in working with Big Data.
- Leverage free or nearly free tools to help you manage and work with Big Data. There are many tools available on the internet that can be leveraged to help organisations such as web analytics.
With these thoughts in mind it might be the right time to seize the opportunity to stop your organisation from drowning in data and to instead develop useful management information. Harnessing Big Data might just be your organisation’s first steps to innovation.
For further information and further detail from the Big Data seminar, please contact Lisa McDonald.
As the manufacturing sector in South Australian continues to face challenges, there is now a compelling need to find transformative ways to transition the economic base of our state and northern Adelaide.
Two new partnerships of the University of South Australia aim to help drive innovation through the development of three new Centres. These new Centres will benefit SME’s, industry and students, and will play a key role in building future capacity.
The first partnership, underpinned by a $5million co-contribution from Hills Limited and the State Government, and in partnership with Flinders University will see the development of two new Centres – the Lance Hill Design Centre (named after the inventor of the Hills hoist) and the Digital Research and Commercialisation Centre. These aim to put South Australia at the forefront of innovative product design and technology expertise for a wide range of industries, from aged care and health to security and safety. They will be a showcase for smart collaboration in the State, engaging students, independent designers and innovators, researchers and businesses to collaborate on projects, incubate new ideas and products and commercialise new designs.
The second partnership between UniSA and Hewlett Packard will see a new HP Innovation and Collaboration Centre developed, with HP significantly expanding its South Australian workforce by 400. The State Government will also commit $150,000 a year for a student entrepreneur initiative that will support innovative students to pursue commercialisation of new ideas in the ICT sector in partnership with HP and other companies.
UniSA Vice Chancellor, Professor David Lloyd says the new partnerships will help to build a vibrant environment of enterprise and engagement which presents tangible opportunities for South Australians to lead innovation and economic growth.
If you are interested in discussing or learning more about how your organisation can connect with UniSA, contact Lisa McDonald firstname.lastname@example.org or 8343 8732 at the Polaris Centre.