The widespread adoption of digital technologies by agricultural businesses is potentially one of the most important ways to stimulate improved rates of productivity growth in the farming sector, according to Australia’s competition regulator, the ACCC.

Australia’s competition regulator the ACCC says unfair contract terms are a big focus as it takes action and moves to ensure small businesses are not at a disadvantage because of one-sided ‘take it or leave it’ contracts.

Digital transformation creates massive savings for businesses with a newly released study showing that digitisation of engineering processes can save businesses and organisations an average of 35% in capex costs and time optimisation – and commissioning costs of new systems and assets can be reduced by an average of 29%.