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IT Budget Stories - Page 11

UK Stories

IT Budget stories

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
Bank of England increases IT spending amid criticism
Advanced Persistent Threat Protection

Bank of England increases IT spending amid criticism

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

By Shannon Williams • 3 min read • Wed, 27th Mar 2024
HMRC spends £80m on remote working tech amid 'couch potato' critique
Artificial Intelligence

HMRC spends £80m on remote working tech amid 'couch potato' critique

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.

By Catherine Knowles • 3 min read • Thu, 14th Mar 2024
Majority of IT decision-makers to boost cybersecurity budgets in 2024
Endpoint Protection

Majority of IT decision-makers to boost cybersecurity budgets in 2024

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.

By Catherine Knowles • 3 min read • Wed, 21st Feb 2024

Global Stories

IT Budget stories

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
Why comprehensive observability reduces cloud waste & minimises IT spending
Clean technologies

Why comprehensive observability reduces cloud waste & minimises IT spending

Amid complexities in cloud adoption, comprehensive observability emerges as a key tool for businesses to manage cloud waste, optimise costs, and streamline their IT spending.

By Felix Berndt • 4 min read • Thu, 28th Mar 2024
The benefits and risks of Artificial Intelligence
Data Analytics

The benefits and risks of Artificial Intelligence

AI is a powerful business tool, yet it carries potential risks. According to Immuta's 2024 Data Security Report, robust data governance is crucial to maintain security.

By Anthony Farr • 4 min read • Mon, 11th Mar 2024
Inadequate digital adoption costs firms over $1m per week
Digital Transformation

Inadequate digital adoption costs firms over $1m per week

Lack of digital adoption costs enterprises over $1.14m weekly, despite IT spend set to hit $5 trillion in 2024, finds WalkMe's annual report.

By Catherine Knowles • 3 min read • Thu, 8th Feb 2024

Stories from Other Regions

IT Budget stories

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
Talenza unveils Tranzformd & the Transformation Group in Australia
Digital Transformation

Talenza unveils Tranzformd & the Transformation Group in Australia

Talenza inaugurates Tranzformd and the Transformation Group for a new trajectory in Australian enterprise, merging talent, tech and strategy for effective business transformations.

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