CFOtech New Zealand - Technology news for CFOs & financial decision-makers
New Zealand

IT Budget Stories - Page 10

Kiwi Stories

IT Budget stories

Global Stories

IT Budget stories

Neat predicts AI & 5G to transform video collaboration by 2025
Unified Communications

Neat predicts AI & 5G to transform video collaboration by 2025

Neat forecasts that by 2025, AI and 5G will significantly transform video collaboration, driven by a projected global IT spend of USD $5.74 trillion.

By Melania Watson • 3 min read • Tue, 3rd Dec 2024
Generative AI's growing role in ANZ business by 2025
Hybrid Cloud

Generative AI's growing role in ANZ business by 2025

As 2025 nears, generative AI is poised to transform business operations in ANZ, with IT spending projected to hit AUD $147 billion, according to Cloudera.

By Melania Watson • 3 min read • Wed, 27th Nov 2024
Two different ways that data is driving the cloud FinOps conversation
Storage

Two different ways that data is driving the cloud FinOps conversation

Most organisations are onboard with the need to rightsize their cloud spend, but how can that be optimally achieved?.

By George Dragatsis • 5 min read • Mon, 11th Nov 2024
NIS2 compliance puts financial strain on EMEA firms
Digital Transformation

NIS2 compliance puts financial strain on EMEA firms

New NIS2 directives are imposing hefty financial strains on EMEA firms, with 95% reallocating budgets to tackle compliance costs.

By Shannon Williams • 3 min read • Thu, 31st Oct 2024
Unlocking the ingenuity of the crowd: Winning the war on cybercrime
DevOps

Unlocking the ingenuity of the crowd: Winning the war on cybercrime

Enterprises are prioritising security over digital transformation as cybercrime's global cost approaches USD $9.5 trillion. Is crowdsourced security the answer?.

By Sajeeb Lohani • 8 min read • Sat, 27th Jul 2024
Vultr report reveals AI maturity drives business performance
Digital Transformation

Vultr report reveals AI maturity drives business performance

A new report by Vultr reveals 72% of enterprises are advancing in AI adoption, correlating AI maturity with enhanced business performance across sectors.

By Shannon Williams • 3 min read • Tue, 2nd Jul 2024
Generative AI driving surge in business AI adoption, study finds
Data Analytics

Generative AI driving surge in business AI adoption, study finds

Pegasystems reveals new research showing creative generative AI is driving the adoption of analytical AI decisioning tools among global enterprises.

By Sean Mitchell • 4 min read • Tue, 11th Jun 2024
Organisations prioritise SaaS security, increase budgets amid cuts
Software-as-a-Service

Organisations prioritise SaaS security, increase budgets amid cuts

In 2025, 70% of organisations prioritise SaaS security, forming dedicated teams despite economic pressures, reveals CSA and Adaptive Shield survey.

By Catherine Knowles • 3 min read • Fri, 7th Jun 2024
Boardroom leaders slash tech budgets in tough economy
Digital Transformation

Boardroom leaders slash tech budgets in tough economy

In response to economic upheavals, 50% of boardroom leaders, particularly in the US and UK, have shrunk tech budgets over the past year.

By Shannon Williams • 2 min read • Wed, 15th May 2024
AI drives 27% rise in IT spend but firms lack data strategy
Edge Computing

AI drives 27% rise in IT spend but firms lack data strategy

Couchbase's new survey reveals a 27% rise in IT modernisation spending driven by AI, but 59% of businesses fear their data strategies are inadequate for GenAI demands.

By Sean Mitchell • 3 min read • Tue, 14th May 2024
Extend launches 'team budgets' to boost autonomy & secure expenses
Autonomy

Extend launches 'team budgets' to boost autonomy & secure expenses

Extend unveils 'team budgets', a novel feature designed to enhance spend regulation, secure transactions and foster autonomy amongst finance leaders on its platform.

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024

Stories from Other Regions

IT Budget stories

UK finance leaders struggle with fragmented spend tools
IT Budget

UK finance leaders struggle with fragmented spend tools

A new report reveals that 95% of UK finance leaders struggle with global spend management due to outdated systems, hindering business growth.

By Shannon Williams • 2 min read • Fri, 18th Oct 2024
Australia's IT spending to surge to AUD $147 billion in 2025
Network Infrastructure

Australia's IT spending to surge to AUD $147 billion in 2025

Australia's IT spending is poised to hit AUD $147 billion in 2025, up 8.7% from 2024, with cybersecurity, GenAI, and cloud investments driving the increase.

By Imee Dequito • 3 min read • Wed, 11th Sep 2024
Report highlights need for robust digital core in AI era
Risk & Compliance

Report highlights need for robust digital core in AI era

A new Accenture report has underscored the critical necessity for firms to establish a strong digital core to leverage technologies like generative AI.

By Melania Watson • 3 min read • Thu, 18th Jul 2024
Cloudflare report: EU firms unprepared for rising cyber threats
Ransomware

Cloudflare report: EU firms unprepared for rising cyber threats

Cloudflare's latest report warns that EU firms are dangerously unprepared for increasing cyber threats; only 29% feel equipped to defend against attacks.

By Kaleah Salmon • 4 min read • Wed, 19th Jun 2024
UK firms focus on cuts (including IT) amid rising financial pressures
Digital Transformation

UK firms focus on cuts (including IT) amid rising financial pressures

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.

By Sean Mitchell • 3 min read • Wed, 15th May 2024
Parliament's 'pitiful' GBP £6.5m IT budget increase alarms cyber chiefs
Advanced Persistent Threat Protection

Parliament's 'pitiful' GBP £6.5m IT budget increase alarms cyber chiefs

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.

By Kaleah Salmon • 3 min read • Tue, 2nd Apr 2024