IT Spending stories

"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.">>

“Looking ahead, we’re seeing early market signals of growing automation and further adoption of machine learning technologies in support of AI security." >>

"The support to businesses that IT provided in the outbreak of pandemic has given companies more confidence in IT investment. The expectation on that return of investment is high.”>>

Globally, 73% of CFOs noted that their digital transformation (DX) investments had increased since the pandemic (72% in A/NZ).>>

The acceleration of digital adoption in the wake of the pandemic was a significant driving force, the analyst firm says in its report, and the lifting of lockdowns across the region has stirred consumer demand.>>

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. >>

Despite organisations cutting spending in many areas during 2020 due to the impact of COVID-19, security remains a consistent area of increased investment.>>

Worldwide government IT spending is forecast to total $483 billion in 2021, an increase of 5.1% from 2020, according to the latest forecast by 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.>>

IDC's survey found that, while cost optimisation remains a priority for these organisations, an appetite for continued investment into technology is common>>

The report further states that 74% of enterprises intend to maintain or increase investments in BDA solutions in 2021.>>

The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.>>

The latest from Gartner shows education and health are both keyed to exceed 8% spending growth.>>

Cybersecurity remains an investment priority for SMBs and enterprises despite overall IT budget cuts, according to a new report from Kaspersky titled Investment Adjustment: Aligning IT Budgets with Changing Security Priorities.>>

“With a better understanding of the impact of COVID-19, banks and securities firms are now accelerating automation initiatives, such as customer-facing chatbots, robotic process automation (RPA) and end-to-end account origination solutions.">>

According to the Garter forecast, the software sector is set to experience the strongest growth in 2020.>>

Global spending on cloud infrastructure services reached $34.6 billion in Q220>>

The decline is opposed to the 9.4% growth initially forecasted before the COVID-19 outbreak.>>

Almost all products/solutions categories are expected to witness reduced demand in 2020, as compared to the high growth projections before the outbreak.>>

“Overall IT spending is still expected to sharply decline in 2020 but will recover in a faster and smoother manner than the economy.">>

However, investments in traditional, non-cloud, infrastructure plunged 16.3% year over year.>>

Business confidence on IT spending is continuing to decline despite moves to ease economic lockdown, according to new research from IDC. >>

“Investments will be minimised and prioritised on operations that keep the business running.”>>

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.>>