IT Budget stories

Banks are doubling AI budgets to 17% of IT spend by 2028, but only 20% have robust real-time data governance, reveals Tech Mahindra's global survey.

Australian firms boost AI investment by 32%, yet 62% struggle to move beyond pilots amid rising pressure to prove results and tackle skill shortages.

Global spending on generative AI smartphones is expected to reach USD $298.2 billion by 2025, making up 20% of total AI end-user expenditures.

Australia's IT spending is set to hit AUD $172.3 billion in 2026, driven by strong growth in AI infrastructure and software investments, says Gartner.

Hexaware and Replit launch Vibe Coding, enabling non-coders to develop secure AI-powered business software swiftly with robust enterprise governance.

ANZ firms could save AUD $2.5 billion annually by switching to third-party IT support, freeing funds for AI and innovation amid rising vendor costs.

76% of Aussie and NZ firms invest in agentic AI, yet only 20% have the infrastructure to support its full adoption, Unisys reports.

Security budget growth slows to 4% in 2025, the lowest in five years, amid economic volatility and staffing challenges, says IANS Research report.

Australian IT teams show strong confidence in operational resilience despite outage challenges, yet lag behind globally in AI readiness, says SolarWinds report.

Forrester urges tech leaders to plan cautiously for 2026, advising careful AI investment and flexible budgets amid ongoing economic uncertainty and regional shifts.

Ingram Micro New Zealand’s net profit fell 39% to NZ$9.1m in 2024, hurt by softer revenue and tighter margins amid a competitive IT hardware market.

AI use nears 94% in UK and Ireland firms, yet full business transformation lags; IT outsourcing shifts as offshore activity and client demands grow.

OSG extends its deal with Rimini Street to 2029, cutting IT costs by 8% to boost factory automation and productivity initiatives.

CloudZero reveals AI spending in software firms is rising sharply, with budgets set to increase 36% in 2025 amid challenges in evaluating ROI and hiring talent.

New research reveals that 92% of IT leaders warn lack of employee digital readiness risks undermining $644bn Generative AI investments worldwide.

A new report by Cisco reveals that just 19% of New Zealand organisations are fully prepared for AI technology, despite a surge in investment and urgency.

Datadog plans its first data centre in Australia by mid-2025, responding to local privacy demands and expanding services to over 1,000 clients.

Two-thirds of ANZ firms overspent on cloud storage in 2024 as sustainability gains priority, despite rising fees frustrating IT leaders and causing delays.

A survey reveals organisations spend 49% of cloud storage bills on fees like data access, hindering business and causing budget overruns in 2024.

A new report reveals that while 87% of executives acknowledge the need for responsible AI, 85% admit they lack proper preparation to implement it.