CFOtech Asia - Technology news for CFOs & financial decision-makers

IT Spending stories

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Kaspersky highlights worrying security trend with SMBs
Thu 27 Oct 2022
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smb
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it spending
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kaspersky
The latest Kaspersky report reveals 24% of companies with 50 to 999 employees are ready to use pirated alternatives of business software to decrease IT spending.
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Gartner forecasts worldwide IT spending to grow 5.1% in 2023
Thu 20 Oct 2022
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gartner
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information technology
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it spending
Despite economic headwinds, IT spending in Australia and New Zealand is forecast to grow 6% next year as organisations push ahead with digital initiatives.
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Overcoming risk to achieve cloud without compromise
Mon 10 Oct 2022
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cloud
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multi-cloud
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nutanix
To achieve cloud without compromise requires a shift in business mentality from cloud as a place to cloud as an operational model.
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Gartner survey reveals delays in government tech purchases
Thu 8 Sep 2022
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digital transformation
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gartner
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it spending
According to a survey by Gartner, at 22 months, the public sector has the longest average buying cycle for technology purchases compared to other industries.
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Gartner anticipates RPA software revenue of US$2.9 billion
Wed 3 Aug 2022
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rpa
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it spending
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software
Gartner predicts global robotic process automation (RPA) software revenue to reach US$2.9 billion in 2022, an increase of 19.5% from 2021.
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Gartner predicts 2022 global IT spend to reach $4.5 trillion
Tue 19 Jul 2022
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finance, leasing & rental
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it spending
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insight
Gartner’s latest report forecasts worldwide IT spending to reach US$4.5 trillion in 2022, an increase of 3% compared to 2021.
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Three waters IT system project could top $500m, warns National
Mon 18 Jul 2022
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it spending
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investment
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it
A new project merging local councils' water service IT systems as part of the three waters reforms could blow out beyond the $500 million upper limit officials have quoted, National says.
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ANZ Internet of Things spending to hit $24 billion in 2026
Fri 15 Jul 2022
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iot
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idc
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it spending
"The role of IoT continues to grow as enterprises embrace digital initiatives and look to embed intelligence across processes and applications."
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How secure is accounting software data in Aotearoa?
Wed 6 Jul 2022
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accounting systems
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data protection
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cloud banking solutions
A recent Xero study found ICT spending for NZ businesses has increased 25% compared to pre-pandemic levels, so how safe is accounting software?
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Apptio adds portfolio enhancements to promote digital strategy
Fri 17 Jun 2022
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digital transformation
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digital
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it spending
"While digitalisation creates opportunities, it also makes budgeting far more complex, leading many companies to waste substantial funds."
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Govt IT spending on the rise, driven by XaaS - Gartner
Thu 16 Jun 2022
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digital transformation
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gartner
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government
Worldwide government IT spending is forecast to total $565.7 billion in 2022, an increase of 5% from 2021, according to Gartner.
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Syniti unveils first in series of Knowledge Platform updates
Thu 5 May 2022
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cloud
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bi
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big data
Syniti has introduced a completely cloud-based version of Advanced Data Migration, the first of a range of updates coming this year to its Knowledge Platform.
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Strong close to 2021 as cloud infrastructure spend reaches $21 billion
Mon 4 Apr 2022
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cloud
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it infrastructure
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idc
As backlogs continue to grow, pent-up demand bodes well for future growth as long as the economy stays healthy, and supply catches up to demand.
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IoT spending to reach $437 billion by 2025, IDC finds
Fri 7 Jan 2022
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iot
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idc
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it spending
“IoT in the Asia Pacific excluding Japan (APEJ) markets continues to grow steadily across multiple industries including transportation, retail, manufacturing, resources and utilities."
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IDC: Software spend on the rise as ANZ orgs adapt to ongoing changes
Thu 25 Nov 2021
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software
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idc
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it spending
According to IDC's Worldwide Semiannual Software Tracker, 1H2021, the total ANZ software market reached US$7.5 billion, showing a double-digit annual growth in both countries.
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IT budgets set to boom over next 12 months - research
Wed 3 Nov 2021
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it spending
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it budget
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spending
IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic.
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New Zealand IT spending on the rise, set to reach $14.7 billion by 2022
Tue 26 Oct 2021
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iaas
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gartner
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new zealand
Spending on information technology products and services in New Zealand is projected to total NZ$14.7 billion in 2022, an increase of 6.7% from 2021, according to the latest forecast from Gartner.
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$4.5 trillion to be spent on IT next year — Gartner
Fri 22 Oct 2021
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gartner
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it services
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idc
“What changed in 2020 and 2021 was not really the technology itself, but people’s willingness and eagerness to adopt it and use it in different ways.”
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Preserving cash without sacrificing growth or innovation
Wed 20 Oct 2021
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digital transformation
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dell
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it spending
More so than ever before, an organisation’s ability to quickly pivot and ramp up or down spending priorities is essential.
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Cloud infrastructure spending drops - report
Tue 5 Oct 2021
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idc
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it spending
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cloud infrastructure
The decrease comes after six quarters of year-over-year growth, and most notably compares to the 39.1% annual growth seen by the market in 2Q20.
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TBM Council establishes APAC chapter to promote smarter tech spend
Fri 1 Oct 2021
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it spending
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investment
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best practice
"The APAC chapter of the TBM Council provides a forum and framework to help organisations avoid the operational disruption, cost overrun and project delays that have become prevalent."
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ANZ IT spending higher than ever, despite disruptive lockdowns - IDC report
Thu 2 Sep 2021
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idc
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it spending
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cloud infrastructure
Most ANZ businesses continue to invest in technology despite pandemic, with IT spending levels set to be higher in 2021 than ever before. 
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Spending on big data and analytics to hit $215 billion this year
Wed 18 Aug 2021
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bi
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big data
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data analytics
As economies recover from COVID-19, BDA spending has increased over 10% from 2020 and will continue to grow in next five years, according to IDC.
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IT spending to hit $4.2 trillion in 2021 — report
Thu 15 Jul 2021
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iaas
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gartner
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it spending
"CIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021."
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