Waikato Business News July/August 2019
Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.
Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.
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44 WAIKATO BUSINESS NEWS <strong>July</strong>/<strong>August</strong> <strong>2019</strong><br />
Electronic<br />
scooters approved<br />
E-scooters are set to hit the<br />
city's streets. Hamilton City<br />
Council approved a six-month<br />
trial, for the hire of personal<br />
transportation devices from<br />
public spaces in the city, with<br />
permits available from <strong>July</strong> 1.<br />
New management team at Lodge<br />
City Rentals delivers benefits<br />
to landlords<br />
Get smart, Hamilton<br />
The interactive Smart Space<br />
has just opened beside the<br />
Garden Place Library. It is<br />
designed to tell stories of<br />
how technology is making<br />
a difference in addressing<br />
real problems facing our<br />
community and enabling<br />
innovation. Visitors are<br />
encouraged to provide<br />
feedback and thoughts on<br />
how emerging technologies<br />
may be applied to create a<br />
smarter society. Open to the<br />
public from 10am to 4.30pm<br />
Wednesday to Friday. For<br />
more information visit https://<br />
www.smarthamilton.nz/<br />
Māori walking tour<br />
of Kirikiriroa<br />
Te Ahurei Mā ori Tourism has<br />
just launched a guided tour in<br />
the CBD that will take you on<br />
a journey, across the scared<br />
lands of Kirikiriroa (Hamilton<br />
CBD). The tour is using<br />
prestigious visual art and lush<br />
surrounding landscape of<br />
Kirikiriroa, to tell the fascinating<br />
stories of the Tainui people.<br />
Follow them on Facebook at<br />
teahureimaoritourism<br />
Boon after dark<br />
Boon After Dark is bringing<br />
to the Hamilton CBD an<br />
incredible display of temporary<br />
sculpture to Garden Place by<br />
the art collective Hybycozo,<br />
support by CBD Events,<br />
Hamilton City Council and<br />
Beca. It will be installed in<br />
Garden Place from <strong>August</strong> 2<br />
to November 30. Follow Boon<br />
After Dark on Facebook for<br />
updates and invites.<br />
Lodge City Rentals has seen a change<br />
in management recently as real estate<br />
industry guru David Kneebone steps away<br />
from his role as general manager.<br />
Though Kneebone<br />
stepped aside in June, he<br />
remains part of the executive<br />
team and continues to<br />
provide advice and expertise to<br />
property investors, clients and<br />
the wider team.<br />
Branch manager Jason<br />
Waugh has taken up the reins<br />
from Kneebone who, Waugh<br />
says, has been exceptional in<br />
creating a team culture that is<br />
focused on excellence.<br />
The Healthy<br />
Homes Standards<br />
set minimum<br />
requirements for<br />
modern heating,<br />
proper insulation<br />
in floors and walls,<br />
ventilation in highmoisture<br />
rooms,<br />
moisture ingress and<br />
drainage, and draught<br />
stopping.<br />
“David has been instrumental<br />
in instilling the core<br />
values in our team. The transition<br />
of myself into the general<br />
manager role will be a matter<br />
of continuing the great work<br />
David has accomplished in his<br />
21 years of service to Lodge<br />
City Rentals. The goal of providing<br />
a high level of customer<br />
service remains our team’s<br />
focus,” says Waugh.<br />
Waugh has been part of<br />
the Lodge City Rentals team<br />
for 18 years. This experience,<br />
coupled with his background<br />
in the construction industry,<br />
has given him the nous to work<br />
closely with clients to help<br />
them build value in their property<br />
portfolios.<br />
“We’re fortunate that David<br />
is remaining within the Lodge<br />
Rentals team capacity so we<br />
can continue to draw on his<br />
expertise and knowledge.<br />
“His key focus has shifted<br />
to developing our service<br />
offering to landlords. He will<br />
work closely with clients in a<br />
property investment advisory<br />
role,” explains Waugh.<br />
Matthew-Shane Berryman<br />
has been promoted to branch<br />
manager.<br />
Berryman joined Lodge<br />
City Rentals in 2016 after<br />
Jason Waugh, left, and Matthew-Shane Berryman.<br />
working overseas as an investment<br />
consultant and banker.<br />
He has extensive experience in<br />
both the real estate and banking<br />
industries.<br />
On the immediate horizon,<br />
Waugh says the team<br />
is focused on ensuring the<br />
Healthy Homes Standards,<br />
which came into force on <strong>July</strong><br />
1, is rolled out by all landlords<br />
across all rental properties<br />
under management.<br />
The Healthy Homes Standards<br />
set minimum requirements<br />
for modern heating,<br />
proper insulation in floors<br />
and walls, ventilation in<br />
high-moisture rooms, moisture<br />
ingress and drainage, and<br />
Intelligent automation<br />
should lighten the load<br />
David Kneebone<br />
draught stopping.<br />
“We are putting the right<br />
steps in place to ensure the<br />
rental properties under our<br />
management are dry, warm and<br />
to the standard they should be.”<br />
CBD celebration<br />
awards<br />
The CBD Celebration Awards<br />
are sponsored by Spark<br />
<strong>Business</strong> and brought to<br />
you by Hamilton Central<br />
<strong>Business</strong> Association and<br />
The Breeze. Support your<br />
favourite business for the<br />
People’s Choice awards, open<br />
from <strong>August</strong> 1-21, vote at<br />
hamiltoncentral.co.nz.<br />
CBD activation in<br />
spotlight<br />
The CBD will be on show<br />
when Hamilton Central<br />
<strong>Business</strong> Association presents<br />
at the International Cities, Town<br />
Centres and Communities<br />
(ICTC) Conference -<br />
Transformative Cities, held in<br />
Townsville in October. HCBA<br />
has been invited to speak<br />
on CBD Activation - bringing<br />
vibrancy to public spaces<br />
through activation, events<br />
and people. Visit ictsociety.<br />
org/<strong>2019</strong> to find out more.<br />
Snippets supplied by<br />
Hamilton Central <strong>Business</strong><br />
Association<br />
TECHNOLOGY SECURITY<br />
> BY AARON STEELE<br />
Aaron Steele is a senior manager at PwC <strong>Waikato</strong>.<br />
Email: aaron.steele@pwc.com<br />
Intelligent automation (IA)<br />
is ushering in the fourth<br />
industrial revolution by<br />
disrupting and creating new<br />
business models. In order to<br />
thrive in the digital revolution,<br />
we must balance business<br />
understanding with technology<br />
innovation and human<br />
insight.<br />
Seventy-six percent of<br />
CEOs in our <strong>2019</strong> global<br />
survey are worried about the<br />
speed of tech change. And<br />
64 percent acknowledge that<br />
changes in the technology<br />
used to run their businesses<br />
will be disruptive over the<br />
next five years.<br />
PwC have analysed the<br />
business impact and commercial<br />
viability of more than<br />
250 emerging technologies<br />
and have a list of the essential<br />
eight core technologies<br />
that will matter the most for<br />
business, across all industries,<br />
over the next three to<br />
five years. These are artificial<br />
intelligence, augmented reality,<br />
virtual reality, blockchain,<br />
drones, 3D printing, Internet<br />
of Things (IoT) and robotics.<br />
IA has the ability to transform<br />
how your business operates<br />
and delivers services in<br />
the future, but implementing<br />
new technology just because<br />
it’s the latest thing, in isolation<br />
from your business<br />
strategy and with inadequate<br />
upfront assessment, can lead<br />
to a failure to achieve the benefits.<br />
There is a broad spectrum<br />
of IA and some areas such as<br />
virtual assistants/chatbots and<br />
robotic process automation<br />
(RPA) are already well developed<br />
and used by a large number<br />
of businesses.<br />
One of the most visible<br />
elements of IA at the moment<br />
is the virtual assistants, such<br />
as Amazon Alexa or chatbots<br />
that pop up when you visit a<br />
website to enable automated<br />
enquiries and customer support.<br />
This is conversational<br />
intelligence that is based upon<br />
natural language processing<br />
and artificial intelligence to<br />
enable a computer program to<br />
conduct a conversation based<br />
upon audio and/or textual<br />
input.<br />
RPA is less visible, but can<br />
have a major impact on your<br />
business processes, freeing up<br />
staff for customer-focused and<br />
value-add activities. Essentially,<br />
RPA transforms how a<br />
business deals with manual<br />
repetitive processes through<br />
automation which increases<br />
workforce capacity. In 2018<br />
Gartner said that RPA will be<br />
adopted by three in four financial<br />
controllers within two<br />
years.<br />
RPA is computer software<br />
(a “bot”) that sits on top of<br />
existing systems (it is technology<br />
agnostic) to perform<br />
tasks normally performed by a<br />
human, using rule-based processes.<br />
There are no changes<br />
to existing software or additional<br />
interfaces required,<br />
your existing systems view<br />
the RPA bot as just another<br />
user and interacts with the<br />
system through the graphical<br />
user interface (GUI). The<br />
best processes for automation<br />
are high volume, rules-based,<br />
digital and often involve interaction<br />
between multiple systems/tools.<br />
For example, we had a client<br />
that was replacing approximately<br />
20,000 assets per year<br />
and had a manual process to<br />
update the asset records with<br />
the new asset information. It<br />
took six minutes per asset for a<br />
human to perform this simple,<br />
repetitive process, whereas<br />
the RPA bot took just one minute<br />
and could work 24/7. By<br />
automating this process, staff<br />
didn’t have to perform a task<br />
that they didn’t like doing and<br />
their time could be used on<br />
more productive tasks.<br />
RPA is becoming easier to<br />
implement, and can lead to<br />
quick improvements in terms<br />
of efficiency and cost savings.<br />
Like all technologies, RPA<br />
only works if it is applied to<br />
the right processes and if it is<br />
implemented well, with the<br />
old saying “garbage in equals<br />
garbage out” applying.<br />
Intelligent automation<br />
should put the human back<br />
in the people, increasing<br />
employee morale, customer<br />
experience and satisfaction<br />
by allowing people do what<br />
they do best. If it doesn’t, then<br />
come and talk to us.<br />
The comments in this<br />
article of a general nature<br />
and should not be relied on<br />
for specific cases. Taxpayers<br />
should seek specific advice.