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Technology news for Australian CFOs and financial decision-makers

Economic forecast news stories

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Cloud
Gartner anticipates $117.2 billion 2022 Australian IT spend
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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Artificial Intelligence
IDC spending guide shows AI spending will double by 2025
According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.
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Forrester Research
Forrester's forecast for the APAC tech market indicates a 6.2% growth in 2022
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 Government
NZ Govt backs new data-driven forecasting tool for agriculture sector
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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Deloitte
Cloud represents billion dollar opportunity for APAC, Deloitte finds
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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Planning
The top 10 trends shaping budgeting, planning and forecasting in 2021
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 A/NZ Nic Dennis.
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Economics
NZ economy entering 2021 as fit as a fiddle - research
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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GlobalData
COVID-19: 92% of top 25 tech companies report market capitalisation decline
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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Financial planning
CorPlan develops forecasting tool to eliminate 'spreadsheet hell' & support stimulus modelling
The solution helps to move organisations away from ‘Excel Hell’ related to budgeting, forecasting, and planning.
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Gartner
COVID-19: 51% of CFOs are preparing to lose up to 30% in revenue
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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Board International
Avoid employee underpayment woes with better planning and forecasting
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
IDC: Global IT spending growth may drop as low as 1% for 2020
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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Cloud
IDC lowers cloud spending forecast amidst global slowdown
IDC has lowered its forecast for total cloud infrastructure spending for 2019 as the market enters a slowdown period.
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IDC
IDC: Commercial sector will lead ICT spending to $4.8 trillion in 2023
Digital transformation and the adoption of automation technologies will be driving investments in applications, analytics, middleware, and data management software.
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Cloud
ASB urges businesses to get on with major decisions despite uncertainty
Positive thinking is key because New Zealand’s economic growth is actually expected to gradually accelerate to 3.4% by the end of 2019.