Spending news stories
Airwallex announces global expense management platform
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.
IDC spending guide shows AI spending will double by 2025
According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.
Why manual calculations are a CFO’s Achille’s heel
Accuracy and strong attention to detail are essential for finance professionals in order to perform well and to hold the respect of their peers.
Australian businesses are boosting their cyber security budgets
According to a new Accenture report, Australian businesses are boosting their cyber security budgets.
Public cloud computing spend to overtake traditional IT
Gartner finds that by 2025, 51% of IT spending will have shifted from traditional solutions to the public cloud, compared to 41% in 2022.
Gartner: Tech spending set to skyrocket in Australia for 2022
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.
Mastercard: Digital resilience and experience spending key trends for 2022
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.
How retailers can accelerate their business through card-linked loyalty programs
Retail is a fast-growing sector, and most businesses leverage customer loyalty to compete more effectively.
IT budgets set to boom over next 12 months - research
IT directors expect a budget increase from their employer as companies play catch-up with projects put on hold during the COVID-19 pandemic.
APAC businesses unsure if cybersecurity defences are up to scratch
The cyber spend of Asia-Pacific businesses remains low at just 0.05% of their annual revenue.
IT spending to hit $4.2 trillion in 2021 — report
"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."
Double-digit growth ahead for smart home devices as consumers embrace home automation
"Sales of smart home devices have remained fairly resilient during the global COVID-19 pandemic."
Security and risk management spending in Australia to increase in 2021
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.
A/NZ businesses increase spend on cybersecurity in wake of COVID-19
Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.
Cybersecurity spending for critical infrastructure to surpass US$105 billion in 2021
The brunt of security spending is still first and foremost focused on IT networks, systems, and data security from a defensive perspective.
Global IT spending to hit almost $4 trillion this year — Gartner
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.
Enterprise content management (ECM)
Enterprise driving spend in data and content management solutions across APAC
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.
Data centre infrastructure spending still on the rise, despite setbacks
“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.”
Thales: A/NZ cybersecurity approach more talk than action
“While some organisations are talking a good story … predicted spending shows that most have the wrong focus.”
Cloud spending surges in Q2 2020 - Canalys
Global spending on cloud infrastructure services reached $34.6 billion in Q220
Public cloud spending and revenues to soar in 2020
The sector will see its revenues grow from US$243 billion in 2019 to $258 billion this year, according to new research from Gartner.
IT buyer confidence plummets in US but slivers of hope seen in APAC
While spending on some technologies, like cloud and remote platforms, has seen an uptick, IDC says a ‘significant’ overall contraction will be felt in the next few months.
Opportunity awaits for tech spend despite COVID-19, says IDC
Recent forecasts may point towards declines in overall tech spending in 2020, but there also opportunities where business may be looking to increase short-term investments as part of their response to the COVID-19 crisis.
GlobalData: A/NZ security service spending set to skyrocket
Australia and New Zealand are estimated to witness the highest compound annual growth rates (CAGR).