IT Brief Asia - Technology news for CIOs & IT decision-makers

Economic forecast stories

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Oracle Cloud EPM is a leader, says IDC 2022 MarketScape
Last week
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erp
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marketscape
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oracle
IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.
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Projected 2.4% increase in Global IT spending in 2023
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it spending
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financial results
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gartner
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending worldwide will grow 2.4% in 2023.
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Projected 5.8% increase to Australia IT spending in 2023
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australian
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it spending
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gartner
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in Australia will grow 5.8% in 2023.
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Projected 5.5% increase to New Zealand IT spending in 2023
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nz
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it spending
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gartner
In the latest quarterly tech spending forecast released by Gartner, it is projected that IT spending in New Zealand will grow 5.5% in 2023.
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AI platform market set to reach US$254 billion by 2032
Fri, 4th Nov 2022
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ai
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economic forecast
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analyst report
"One of the drivers for the AI platform market is the increase in the demand of AI-based solutions and products in the market."
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Gartner anticipates $117.2 billion 2022 Australian IT spend
Thu, 7th Apr 2022
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iaas
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skills shortage
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inflation
Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.
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IDC spending guide shows AI spending will double by 2025
Fri, 18th Mar 2022
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ai
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spending
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idc
According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.
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Forrester's forecast for the APAC tech market indicates a 6.2% growth in 2022
Wed, 9th Feb 2022
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inventory management systems
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apac
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inflation
Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.
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NZ Govt backs new data-driven forecasting tool for agriculture sector
Fri, 7th Jan 2022
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bi
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big data
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data analytics
The New Zealand Government is investing in the development of a new forecasting tool that makes full use of innovative climate modelling to help farmers and growers prepare for dry conditions.
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Cloud represents billion dollar opportunity for APAC, Deloitte finds
Wed, 21st Jul 2021
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cloud
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deloitte
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market
The Asia Pacific region could benefit from a significant US$160 billion future economic boost if businesses increase investment in, and take greater advantage of, cloud-based technologies.
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The top 10 trends shaping budgeting, planning and forecasting in 2021
Fri, 5th Mar 2021
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big data
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bi
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data analytics
For those still grappling with getting their budgeting, planning, and forecasting processes operating efficiently and effectively, ten key trends need to be considered, writes Board International country manager for ANZ Nic Dennis.
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NZ economy entering 2021 as fit as a fiddle - research
Thu, 31st Dec 2020
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economics
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economic forecast
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economic downturn
While the COVID-19-induced recession initially derailed the nation’s economic recovery, New Zealand has managed to rebound sharply from its biggest economic slump.
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COVID-19: 92% of top 25 tech companies report market capitalisation decline
Fri, 24th Apr 2020
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globaldata
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economic forecast
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covid-19
23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.
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CorPlan develops forecasting tool to eliminate 'spreadsheet hell' & support stimulus modelling
Tue, 21st Apr 2020
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bi
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project management
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planning
The solution helps to move organisations away from ‘Excel Hell’ related to budgeting, forecasting, and planning.
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COVID-19: 51% of CFOs are preparing to lose up to 30% in revenue
Fri, 17th Apr 2020
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gartner
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economic forecast
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analyst report
The survey, which quizzed 145 CFOs and other senior finance leaders last week, also revealed that 28% of respondents believe the impact on their organization’s revenue could be higher than 30%.
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Avoid employee underpayment woes with better planning and forecasting
Fri, 3rd Apr 2020
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board international
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budgeting
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employee rights
Accurately paying people for the hours they work is only part of the issue. You also need to be able to plan for the future.
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IDC: Global IT spending growth may drop as low as 1% for 2020
Thu, 12th Mar 2020
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idc
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it spending
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market research
Depending on how the economic factors around COVID-19 play out, a pessimistic scenario would see spending growth nowhere near the 4.3% expected.
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IDC lowers cloud spending forecast amidst global slowdown
Mon, 30th Sep 2019
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idc
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cloud infrastructure
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economic forecast
IDC has lowered its forecast for total cloud infrastructure spending for 2019 as the market enters a slowdown period.
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IDC: Commercial sector will lead ICT spending to $4.8 trillion in 2023
Fri, 16th Aug 2019
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idc
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it spending
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economic forecast
Digital transformation and the adoption of automation technologies will be driving investments in applications, analytics, middleware, and data management software.
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ASB urges businesses to get on with major decisions despite uncertainty
Wed, 16th May 2018
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asb
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new zealand business
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business confidence
Positive thinking is key because New Zealand’s economic growth is actually expected to gradually accelerate to 3.4% by the end of 2019.
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