Innovation and technology continued Innovation through collaboration Innovation is fundamental to REA’s business; it’s a core part of our values and drives our success. We foster innovation through key events, recognising that collaboration is essential for sparking new ideas and solutions: › Tech Kick-Off (TKO): Our annual gathering of REA’s Tech, UX, Design and Product teams to strategise, celebrate, inspire and learn, TKO promotes peer learning and collaborative innovation. › Listopalooza 2023: In FY24, our Consumer team engaged staff in a creative adventure that saw them gather 154 innovative ideas across buy, rent and sell journeys to redefine our core experience. › REA India hackathon: At the FY24 “Code Safari”, 16 teams used ChatGPT, Copilot and Gemini to create over 2,300 new test cases, accelerating development and setting new standards for test case creation. › Cremorne Digital Hub “Wicked Innovations” community hackathon: REA participated in this event, which brought together digital organisations to brainstorm innovative solutions that positively impact the local community. REA placed second in the challenge. Reimaging REA Australia hackathons After 42 hackathon events over 14 years, the focus for FY24 was to redesign the hackathon format to inspire fresh creativity and collaboration. No hackathons took place in FY24 as the tech team worked on the new format. In FY25, an incubator event will be introduced alongside Hackdays to support bigger and bolder ideas coming to life. Housing.com platform enhancement In FY24, REA India upgraded its Housing.com apps and backend services. This resulted in a 40% speed improvement for both Android and iOS apps, enhancing the user experience and reducing negative feedback. Migrating core services resulted in streamlined operations, expanded platform compatibility and improved recruitment efficiency. These upgrades demonstrate REA India’s commitment to exceptional user experiences and operational excellence. Steve Maidment In FY24, REA welcomed Steve Maidment as our new Chief Technology Officer. Steve brings over 20 years of technology leadership experience and will drive our innovation and digital capabilities, marking an exciting chapter in our commitment to technological excellence. 20 Governance REA Group Ltd | Sustainability Report 2024
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