IT spending

News

• Retail banking tech spending to hit $US30 billion: Ovum

  Retail banking technology spending in the Asia Pacific region is expected to increase by $US1.2 billion this year to reach $30 billion over the next five years, according to a new study by Ovum.

• Mobility, cloud, analytics to reshape IT in 2012

  Despite some hopeful fits and starts, the U.S. economy didn't escape the doldrums in 2011. Unemployment remained stubbornly high, the U.S. debt-ceiling crisis and budget scuffles spurred more economic uncertainty, and Europe's ongoing financial problems threatened global markets. If there's an upside, at least it's familiar territory.

• Corporate IT spending gets boost as hiring increases

  The good news is right there on the balance sheets of some of the nation's largest and most influential IT companies: Their income and revenue are higher and growing again, and the effects are starting to be very noticeable across the U.S. tech industry.

• Open source IT Dashboard tracks govt spending

  The United States Government has open sourced the IT Dashboard project, a Web-based application designed to track IT spending used by CIOs of government agencies.

• Commbank IT modernisation spending tips $1.1b

  The Commonwealth Bank (ASX:CBA) has flagged a “revised scope and costing” of its multi-year core banking modernisation program, tipping the scales at $1.1 billion.

• Gartner Symposium 2010: Enterprise IT spending expected to hit $US49.6 billion

  IT spending among enterprise in Australia is forecasted to hit $US49.6 billion this year, following a strong 2010, while the Asia Pacific region is expected to rebound with a spending figure of $312.3 billion, according to analyst firm Gartner.

• Are Smart Grids the Top Priority for WE Utilities' CIOs?

  If we start with an oversimplified idea that "Smart Grids = Grids + ICT," then it is obvious that utilities IT budgets have a direct effect on our future achievements of a Smart Grid. However, while there is growing excitement in the market concerning new technologies, including those in the Smart Grid concept, utilities are always cautious when it comes to IT spending and have pressure to prove ROI or TCO reduction before implementing any new initiative. Utility CIOs' budgets are still subject to numerous influences, including cost containment, compliance with regulations, and maintenance of the existing infrastructure.

• IT spending to hit $US1.51 trillion in 2010: IDC

  An IDC forecast has projected global IT spending to hit $US1.51 trillion in 2010, an increase on last year's figures as a result of economic recovery, but also highlights a lingering concern about an unstable global economy.

• IT spending to rise 4.1% in 2010, Gartner says

  Worldwide enterprise IT spending across all industry markets will rise 4.1% this year, surpassing $US2.4 trillion for all of 2010, Gartner is predicting.

• Consumer spending on technology drops

  Consumer spending on technology goods has fallen for the first time since mid-2008 according to the latest results of the GfK TEMAX index.

• IT managers shop around for PC alternatives

  IT managers are shopping around for alternatives to the traditional PC as the economy recovers, an IDC study has found.

• IT budgets up 3.3 per cent in 2010

  IT departments are considering new ‘lighter weight’ technologies in order to deliver results for their organisation, according to the Gartner Executive Programs (EXP) 2010 CIO Agenda survey. A shift in focus towards productivity among Australian and New Zealand chief information officers is in line with overseas experience, according to the analyst firm.

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  The high cost of Defence IT spending revealed

  Defence is known to be a big spender on IT, but just how much it does spend is now available to the public through a new web-based tool.

• Gartner predicts modest overall growth in IT spending

  Gartner has revised its outlook for worldwide IT spending this year, predicting the industry as a whole will see 4.6 percent growth to $3.4 trillion, up from its previous prediction of 3.3 percent growth, according to its latest figures released Thursday.

• IT spending downturn is over - Forrester

  Businesses and the public sector will begin to spend more money on technology this year, according to analyst house Forrester.