The World Economic Forum's bi-annual Future of Jobs Report has highlighted the fastest-growing and fastest-declining roles in the job market, mostly driven by AI. Indeed, AI and Machine Learning Specialists lead the list of fast-growing jobs along with heavy machinery operators and e-comm and digital marketing specialists.
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Brand Finance' most valuable 100 Australian brands 2024: Woolies still top but down; Qantas drops 22 spots, just pips Jetstar as NRMA Insurance surges, Bunnings up 20%
Brand Finance Australia has unveiled its 'Australia 100 2024' report, ranking the nation's 100 most valuable and strongest brands. The total value of Australia's top 100 brands has seen a modest increase of 2.5% to reach $199 billion. The report reveals a mixed bag of fortunes, with 60 brands witnessing an increase in value, 36 posting declines, and four new entrants to the rankings.
Pearman Media's Steve Allen turns sober on agency ad spend: 2023 full year 'worst in a decade', '24 to lift 3.65%
Pearman Media's Director of Strategy & Research, Steve Allen, has provided a sobering outlook for the media market, hacking advertising spend growth from media agencies for the full 2023 calander year to under 1% and predicting tough conditions into the June quarter.
Tourism Tasmania salutes Australia's first Queen of Denmark with quirky campaign
Tourism Tasmania has made the most of the crowning of Australia's first Queen of Denmark, Mary, with a cheeky media and social set of creatives celebrating the born-and-bred Tasmanian's rise to monarchical stardom.
Rising interest rates and early holiday spending lead to sharp drop in CommBank Household Spending Insights Index
The CommBank Household Spending Insights (HSI) Index experienced a sharp 3.9 per cent decline to 137 in December 2023, as rising interest rates and consumers' early holiday spending habits took a toll on consumer spending conditions.
Fernwood Fitness hires out-of-category marketer to take up national marketing leadership reins
Former Sigma Healthcare marketer takes over the national marketing reins at Fernwood Fitness and the franchise-based fitness chain looks to drive growth through new customer acquisition in 2024.
Digital ad spend wastage hits record $6bn, finds Next&Co report
Australia’s digital advertising sector wasted a record $6 billion in ad spend in 2023, according to Next&Co’s annual Digital Media Wastage report.
DSpark and Visa forge data alliance to unite mobility and spend insights
DSpark, a subsidiary of NCS, has entered into a strategic partnership with Visa, aiming to revolutionise the way organisations view and utilise data.
Telstra slapped with $3m penalty and $21m refund bill after charging for inactive services
Telstra has been hit with a hefty $3 million penalty and has refunded over $17.7 million to customers for charging them for inactive internet services over an 11-year period. An additional $3.4 million is expected to be refunded to customers by the end of the year.
Marketing’s capability crunch: ANZ, Deloitte, Destination NSW marketing chiefs back Australian Marketing Institute bid to mirror Chartered Accountants, CPAs for industry-wide professional certification, credibility, status
Marketing remits are expanding faster than most professions but unlike accounting or engineering, it remains splintered and without common professional capabilities, standards and accreditation. Indeed, marketing, agency, media and customer tech professionals across the entire customer and marketing supply chain risk career irrelevance because they’re simultaneously losing sight of marketing’s fundamentals – like strategy and commercial nous – and the diverse new capabilities they need to join-up marketing and customer functions to drive business growth. Senior marketers at ANZ, Deloitte and Destination New South Wales are trying to bridge that gap. But even the likes of ANZ’s Kate Young, who launched a major upskilling program for the bank’s 300-plus marketers in 2019, says the pace of change means a refresh is already required and the program – and ANZ’s marketers – must operate in a two-speed environment: Core capabilities for today plus anticipating what’s coming down the track as personalisation shifts to “anticipation”, plus rapid advances in automation and generative AI. Destination NSW Marketing GM Kathryn Illy is upskilling her team away from pure ROI-focused performance marketing to better understand what makes people want to visit NSW in the first place. As well as putting skills programs in place she’s hiring from ad agencies – and says the numbers show it’s working. Deloitte CMO Rochelle Tognetti is upskilling her 270 marketing staff around commercial acumen and the collapsing walls between client and employer brand, along with organisational capabilities and governance. All three marketing bosses are backing the Australian Marketing Institute’s re-fuelled drive to future-proof marketing’s skill set across 25 essential competencies. AMI CEO Bronwyn Powell says accreditation, in the same way that accountants and engineers achieve chartered status, gives marketers a far broader appreciation of business fundamentals while mapping a path to the c-suite. Perhaps worryingly for the top end of town, Powell thinks younger marketers are hungrier to upskill than mid and senior-level pros. She’s urging the entire market – agency and media bosses included – to identify skills gaps, personal and team-wide, and join the AMI’s push to plug them along with a revamped path for professional credentials which peak at an AMI Certified Practising Marketer and AMI Fellow.