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

Spending stories

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Three factors influencing growth in security spending
Tue 18 Oct 2022
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cybersecurity
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gartner
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spending
“The pandemic accelerated hybrid work and the shift to the cloud, challenging the CISO to secure an increasingly distributed enterprise."
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Cloud cost-cutting is in vogue, but pitfalls abound
Mon 10 Oct 2022
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cloud
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cloud infrastructure
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spending
Something interesting is happening in cloud finance management, and the way to think about this is: there’s more than one way to skin the cloud costs problem.
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Slower spending, turbulent economy to make 2023 planning difficult
Wed 31 Aug 2022
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metaverse
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spending
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strategy
Business leaders who plan for “business as usual" modest spending increases in the year ahead will fall short, according to  Forrester.
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Airwallex announces global expense management platform
Fri 8 Apr 2022
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wfh
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fintech
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expense management
Airwallex has announced the launch of its global Expenses platform, offering modern solutions for organisations to manage their expenses in a quick, seamless and straightforward manner.
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IDC spending guide shows AI spending will double by 2025
Fri 18 Mar 2022
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ai
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spending
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idc
According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.
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Why manual calculations are a CFO’s Achille’s heel
Wed 16 Feb 2022
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finance, leasing & rental
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business
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cfo
Accuracy and strong attention to detail are essential for finance professionals in order to perform well and to hold the respect of their peers.
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Australian businesses are boosting their cyber security budgets
Mon 14 Feb 2022
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cybersecurity
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investment
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spending
According to a new Accenture report, Australian businesses are boosting their cyber security budgets.
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Public cloud computing spend to overtake traditional IT
Fri 11 Feb 2022
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public cloud
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gartner
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spending
Gartner finds that by 2025, 51% of IT spending will have shifted from traditional solutions to the public cloud, compared to 41% in 2022.
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Gartner: Tech spending set to skyrocket in Australia for 2022
Thu 20 Jan 2022
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cloud
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digitisation
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gartner
Overall spending on tech in Australia is forecast to grow 6.3% to reach A$111 billion in 2022, as analysed in Gartner's latest quarterly IT spending forecast update.
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Mastercard: Digital resilience and experience spending key trends for 2022
Fri 24 Dec 2021
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commerce systems
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pos
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payment gateways
Shifts in household savings, economic growth, leisure travel recovery and consumer spending on stuff versus experiences are in focus as businesses continue to move digital.
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How retailers can accelerate their business through card-linked loyalty programs
Thu 2 Dec 2021
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bi
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big data
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data analytics
Retail is a fast-growing sector, and most businesses leverage customer loyalty to compete more effectively.
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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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APAC businesses unsure if cybersecurity defences are up to scratch
Tue 24 Aug 2021
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spending
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covid-19
The cyber spend of Asia-Pacific businesses remains low at just 0.05% of their annual revenue.
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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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Double-digit growth ahead for smart home devices as consumers embrace home automation
Tue 30 Mar 2021
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smart home
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technology gifts
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idc
"Sales of smart home devices have remained fairly resilient during the global COVID-19 pandemic."
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Security and risk management spending in Australia to increase in 2021
Tue 23 Mar 2021
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cybersecurity
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gartner
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it spending
Australian organisations will spend more than A$4.9 billion on enterprise information security and risk management products and services in 2021, according to the latest forecast by Gartner. 
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ANZ businesses increase spend on cybersecurity in wake of COVID-19
Tue 16 Mar 2021
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cybersecurity
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idc
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it spending
Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.
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Cybersecurity spending for critical infrastructure to surpass US$105 billion in 2021
Thu 11 Feb 2021
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cybersecurity
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spending
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abi research
The brunt of security spending is still first and foremost focused on IT networks, systems, and data security from a defensive perspective. 
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Global IT spending to hit almost $4 trillion this year — Gartner
Tue 26 Jan 2021
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digital transformation
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gartner
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it spending
This is a marked improvement from last year, where IT spending declined by 3.2% in the wake of the COVID-19 pandemic, which forced IT teams to prioritise mission-critical infrastructure over IT spending.
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Enterprise driving spend in data and content management solutions across APAC
Thu 12 Nov 2020
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ecm
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martech
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it spending
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.
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Data centre infrastructure spending still on the rise, despite setbacks
Thu 8 Oct 2020
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public cloud
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gartner
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spending
“Gartner expects larger enterprise data centres sites to hit pause temporarily and then resume expansion plans later this year or early next. However, hyperscalers will continue with their global expansion plans due to continued investments in public cloud.”
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Thales: ANZ cybersecurity approach more talk than action
Tue 22 Sep 2020
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hybrid cloud
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cybersecurity
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iaas
“While some organisations are talking a good story … predicted spending shows that most have the wrong focus.”
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Cloud spending surges in Q2 2020 - Canalys
Mon 3 Aug 2020
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multi-cloud
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canalys
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it spending
Global spending on cloud infrastructure services reached $34.6 billion in Q220
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Public cloud spending and revenues to soar in 2020
Fri 24 Jul 2020
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public cloud
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iaas
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gartner
The sector will see its revenues grow from US$243 billion in 2019 to $258 billion this year, according to new research from Gartner.
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