Our annual program for OMP alumni, OMX2024 was a resounding success. We once again descended on Spicers Guest House in the Hunter Valley – which never fails to deliver on exceptional service and comfort – and provides the perfect backdrop for owners to take time out to reflect and re-energise in true OMP style.

As we conclude this year’s event, here are a few reflections on the thought-provoking discussions and game-changing ideas shared during OMX2024…

Theme: Productivity, doing more with less

The heartbeat of OMX2024 centred on the theme of productivity, urging businesses to navigate the challenges of today’s landscape by maximising efficiency and innovation. With a keen focus on the “big squeeze” faced by businesses grappling with margin pressures and escalating wage costs, OMX2024 was a forum for exploring ingenious solutions.

Artificial Intelligence, Automation, and Offshore Staff: Unlocking Potential

A pivotal focus of the sessions centred around leveraging artificial intelligence, automation, and offshore staff to amplify productivity. Delving into the transformative power of these mechanisms, speakers illuminated pathways for organisations to streamline operations and enhance output, even amidst resource constraints.

Amid the promise of progress there was a few warnings regarding the potential security ramifications posed by the proliferation of fake posts, news, and videos generated by AI. As you embrace technological advancements, make sure you safeguard data and authenticity remains paramount. When a product is free, you (or your data) become the product! The old Samsung example is a good reminder. 

Well-being and Resilience: Nurturing Human Capital

OMX2024 didn’t just delve into optimising processes; it also underscored the importance of nurturing well-being and resilience within the workforce. Amidst the pursuit of productivity, Lorin Nicholson’s poignant narrative provided a lot of inspiration. His remarkable journey, navigating life’s challenges with blindness, exemplified the ethos of “doing more with less” in its purest form.

Closing Thoughts

Until we meet again for OMX next year, make productivity and doing more with less a key focus leading into 2025.

Private businesses need to be nimble, adaptive, and leverage technology to compete. Start by analysing your financials and reviewing your processes.