One in five Australian businesses say a lack of funds and difficulties in collaborating with others are holding back their ability to innovate, according to a recent study by the Australian Bureau of Statistics (ABS).
Sue-Ellen Luke, a spokesperson for ABS, said a large proportion of organisations look to either customers or staff for innovation.
She said: "For the purpose of innovation, almost 60 per cent of innovation-active businesses are sourcing ideas or information from within their businesses, and 40 per cent get ideas from clients.
"Just under 10 per cent of innovation-active businesses had a collaborative arrangement with universities or other higher education institutions."
Collaboration can sometimes be difficult, but resources do exist to connect professionals nationwide and encourage them to share information and ideas. For example, businesses can engage over long distances by using web conferencing services in Australia.
By presenting their data and findings in a web conference, professionals can discuss information in the same way they would in a meeting room.
The ABS report also found that innovation issues created cost efficiencies in more than a quarter of businesses working in some of Australia's key industries. Manufacturing, forestry, fishing and agriculture have all been affected, according to the research.
Web conferencing is both flexible and low-cost. A meeting can be set up in minutes and Eureka Conferencing's pricing structure allows a user to only pay for what they need.
As a versatile solution, we have come up with three payment packages:
- Our pay-per-minute scheme offers web conferencing for those communicating on an infrequent basis.
- Our monthly plan offers unlimited conferencing at a reduced price.
- Or our yearly plan provides unlimited conferencing opportunities at our lowest rate.
Do you think your business can become more collaborative and innovative? Get in touch to discuss how Eureka Conferencing can help.