The growing influence of artificial intelligence, technology-based industry interrupters and social media is constantly changing the commercial landscape.
William Buck’s Business Advisory Director Matthew Illman said the actions of the InDaily 40 Under 40 cohort of business leaders in response to these challenges will determine the state’s future prosperity.
“South Australia’s best and brightest in business are some of the state’s most crucial assets,” he said.
“Their total value is hard to understate. These are the people who will help create the jobs and industries of the future.
“How they respond to the evolving technology-led challenges and opportunities facing the business sector will have a major impact on our economy and broader community.”
Illman said young entrepreneurs will need to be globally focussed and more adaptive than ever to achieve commercial success. Above all, in order to respond to what lies ahead, they will need to be open to new challenges and willing to take on risk.
“Being confident and technology-savvy is important, but so is being open to seeking advice,” Illman said.
He said that after judging the more than 180 applications for the InDaily 40 Under 40, South Australians should take a great deal of confidence in the next generation of business leaders.
“The calibre of the young business leaders in this state is very reassuring,” Illman said.
“The InDaily 40 Under 40 list contains some inspiring individuals who have achieved incredible things in a short time. They smash any negative misconceptions that can sometimes question the mettle of the next generation.”
Having attended the 40 Under 40 awards ceremony last Thursday at the National Wine Centre, Illman said he was uplifted by the overall passion and energy in the room.
“A lot of this group are changing the traditional attitude of South Australians to be overly humble and they are much more outgoing in talking up their business and the state overall,” Illman said.
“However we can’t take them for granted. If we don’t continue to provide an environment conducive to business growth, there is a risk they could be lured outside our state and we would lose some of the most valuable assets we have.”
Matthew Illman is a Business Advisory Director with William Buck and was a judge for the InDaily 40 Under 40 Awards.
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