Approximately $110 million will be cut from the ICT budgets of a range of Western Australia government departments and agencies, with the state government looking to put $25 million of the savings into an ICT Renewal and Reform fund.
IT budget - News, Features, and Slideshows
Information security spending in Australia will exceed $2 billion next year, according to a Gartner forecast released today.
James Johnson, an IT veteran with 25 years' experience running Wall Street technology operations, walked into Lehman Brothers' packing-box-strewn office high in the Time-Life building in Rockefeller Center. It was November 2008. Johnson had just been named Lehman's CTO and had been given the job of operating the IT infrastructure needed to wind down the firm.
For years, going back to the days of data centers, people in technology thought their first priority was to make sure the computer systems were operational. Key statistics focused on uptime-making sure the servers, networks and applications were functioning. Meeting such targets was considered success.
Whitepapers about IT budget
Today’s enterprises have higher than ever demands for data and application availability. The rapid digitisation of business processes and increasing expectations from customers and partners for constant uptime is ushering in a new era for IT which is less restricted by manual data protection practices. Telsyte research shows 75 per cent of IT budgets are spent on operations and transformation programs with only 25 per cent left for innovation. To drive more innovation, CIOs must address their number one business priority — reducing operating expenses — and free their organisations from a complex collection of backup, storage and virtualisation systems to ensure applications are online and protected from failures and cyber attacks.
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