TechDay Australia - Australia's technology news network

IT budget stories

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Australian firms lagging in AI readiness, says Cisco report
Today
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data analytics
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cx
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martech
A report from Cisco reveals that only 4% of Australian businesses are fully prepared to harness AI, highlighting urgent challenges in readiness.
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Two different ways that data is driving the cloud FinOps conversation
3 days ago
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storage
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private cloud
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hybrid cloud
Most organisations are onboard with the need to rightsize their cloud spend, but how can that be optimally achieved?.
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NIS2 compliance puts financial strain on EMEA firms
Last month
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digital transformation
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risk & compliance
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cybersecurity
New NIS2 directives are imposing hefty financial strains on EMEA firms, with 95% reallocating budgets to tackle compliance costs.
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Growth tops New Zealand firms' priorities, says cloud report
Last month
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private cloud
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devops
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apm
Datacom's latest Annual Cloud Report shows New Zealand businesses prioritising growth, with over 40% planning to boost cloud computing budgets this year.
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Report highlights need for robust digital core in AI era
Thu, 18th Jul 2024
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risk & compliance
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genai
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ai
A new Accenture report has underscored the critical necessity for firms to establish a strong digital core to leverage technologies like generative AI.
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Cloudflare report: EU firms unprepared for rising cyber threats
Wed, 19th Jun 2024
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ransomware
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phishing
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email security
Cloudflare's latest report warns that EU firms are dangerously unprepared for increasing cyber threats; only 29% feel equipped to defend against attacks.
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Generative AI driving surge in business AI adoption, study finds
Tue, 11th Jun 2024
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data analytics
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genai
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ai
Pegasystems reveals new research showing creative generative AI is driving the adoption of analytical AI decisioning tools among global enterprises.
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Organisations prioritise SaaS security, increase budgets amid cuts
Fri, 7th Jun 2024
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saas
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cloud security
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cybersecurity
In 2025, 70% of organisations prioritise SaaS security, forming dedicated teams despite economic pressures, reveals CSA and Adaptive Shield survey.
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UK firms focus on cuts (including IT) amid rising financial pressures
Wed, 15th May 2024
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digital transformation
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cybersecurity
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cloud services
New research from Daisy Corporate Services shows two-thirds of UK businesses prioritising cost reduction, with nearly half citing rising costs as their primary concern.
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Boardroom leaders slash tech budgets in tough economy
Wed, 15th May 2024
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digital transformation
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ai
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it budget
In response to economic upheavals, 50% of boardroom leaders, particularly in the US and UK, have shrunk tech budgets over the past year.
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Parliament's 'pitiful' GBP £6.5m IT budget increase alarms cyber chiefs
Tue, 2nd Apr 2024
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advanced persistent threat protection
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ai
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parliament
Amidst growing cyber threats, Parliament's meagre GBP £6.5 million increase in IT budget, now totalling GBP £67.7 million, prompts national security worries among cybersecurity chiefs.
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Extend launches 'team budgets' to boost autonomy & secure expenses
Mon, 1st Apr 2024
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autonomy
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it budget
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spending
Extend unveils 'team budgets', a novel feature designed to enhance spend regulation, secure transactions and foster autonomy amongst finance leaders on its platform.
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HMRC spends £80m on remote working tech amid 'couch potato' critique
Thu, 14th Mar 2024
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ai
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hybrid & remote work
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personal computing devices
HMRC’s £80m spending on remote working tech over three years has sparked debate, evidencing a shift towards a 'couch potato culture', according to official figures.
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Majority of IT decision-makers to boost cybersecurity budgets in 2024
Wed, 21st Feb 2024
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cloud security
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email security
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cybersecurity
Infosecurity Europe reports a significant rise in cybersecurity budgets for 2024, with 69% of UK IT leaders expecting an increase, predominantly in cloud security and incident response.
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China's top firms to increase AI spending, predicts IDC
Fri, 29th Dec 2023
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ai
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it budget
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r&d
Top 2000 Chinese firms to devote over 50% of core IT budget to AI by 2027, potentially sparking a double-digit innovation hike, reveals International Data Corporation.
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Australia tops global IT investment for hybrid work
Thu, 17th Aug 2023
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hybrid & remote work
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wfh
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it budget
Improvements needed in device management, says SOTI report, despite Australia leading in IT investment for hybrid work.
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Weak demand and changing IT budgets causes drop in PC shipments
Tue, 11th Jul 2023
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personal computing devices
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apple
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hp
Global PC shipments continue to decline, falling 13.4% in 2Q23, marking the sixth consecutive quarter of contraction, according to IDC.
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Akamai invests heavily in cloud computing following new research
Wed, 12th Apr 2023
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partner programmes
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cloud services
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strategy
Akamai survey reveals varying levels of investment in cloud computing among businesses in Asia-Pacific, but overall acknowledgement of its importance.
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Threats surge as cybersecurity budgets are slashed
Thu, 6th Apr 2023
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advanced persistent threat protection
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cybersecurity
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it budget
In the face of economic turmoil, businesses are confronting the dual challenge of declining or stagnating cybersecurity budgets and escalating threats.
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Delinea - 80% of US companies have had to use cyber insurance
Fri, 25th Nov 2022
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ransomware
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pam
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breach prevention
Delinea says this should come as a warning to APAC organisations, who should examine the U.S. experience to avoid similar issues.