We caught up with the Telstra Business Awards MC and judge Ricardo Goncalves, to chat about how Australian SMBs compare to businesses around the world and how investing in technology will continue to give businesses an edge.

Ricardo says it’s important to recognise inspiring small and medium businesses, as they make up 97% of businesses in Australia and are the backbone of our economy.

Another key to continued success for Australian businesses is innovation. When it comes to tech start–ups, in Australia he says we have really stepped up on the world stage.

Due to globalization making the world smaller, Ricardo believes businesses really need to be up to date with technology to be competitive. He says they need to understand how new technologies work and how to utilise them, to be able to meet consumer demand.

“I think it’s important for all stakeholders, the government and businesses to continue to invest in technology because technology changes so rapidly.”

If you know a business with that something special, nominate them today for the 2018 Telstra Business Awards.