Displaying items by tag: Spending

GUEST OPINION:  Prepaid cards are convenient and safe alternatives to carrying cash or writing checks. They are easy to use, and provide users with a more secure way of making payments. Prepaid cards also help users better manage their money, as they can set spending limits and keep track of their spending.

Analysts Explore the Latest Cloud Trends During Gartner IT Infrastructure, Operations & Cloud Strategies Conference in Sydney, 20-21 May

COMPANY NEWS: Australian organisations are expected to spend more than A$23.3 billion on public cloud services in 2024, according to Gartner. Spending on IaaS will see the largest growth with an increase of 24.5%, followed by PaaS at 22.4%.

Australian investment in Research and Development has reached a 30-year low and Australia cannot afford to neglect R&D any longer, according to the Australian Academy of Technological Sciences and Engineering (ATSE).

New Relic report reveals financial services and insurance organizations are more likely to achieve full-stack observability in the race to modernize their tech stack and deliver innovative services to customers

COMPANY NEWS:  New Relic, the all-in-one observability platform for every engineer, announced the findings of its  State of Observability for Financial Services and Insurance  report, which focuses on the adoption and business value of observability across the financial services industry (FSI) and insurance sectors. The report is based on insights derived from 176 technology professionals in association with the 2023 Observability Forecast. Findings show that organizations in the industry understand the business value of observability and are investing more in it. The top trends driving adoption include migration to multi-cloud (43%), artificial intelligence (40%), an increased focus on customer experience management (35%), and an increased focus on security, governance, risk, and compliance (54%).

Chatbots are the most popular AI-powered marketing tool today, but companies recognise the opportunity to do more — and are prioritising data quality in order to get there

GUEST RESEARCH: New research from Twilio (NYSE: TWLO), the customer engagement platform that drives real-time, personalised experiences for today’s leading brands, shows that AI automation has emerged as the primary means by which businesses are looking to grow revenues and operate efficiently.

Chatbots are the most popular AI-powered marketing tool today, but companies recognise the opportunity to do more — and are prioritising data quality in order to get there

GUEST RESEARCH: New research from Twilio (NYSE: TWLO), the customer engagement platform that drives real-time, personalised experiences for today’s leading brands, shows that AI automation has emerged as the primary means by which businesses are looking to grow revenues and operate efficiently.

COMPANY NEWS:  Vertice launches its solution for cloud cost control - a Cloud Cost Optimization Platform to give finance and tech leaders shared visibility and control of cloud investments, enabling companies to cut cloud costs by up to 25%.

Key stats:

• Cutting cloud spending is revealed as the number one cost-saving priority for over a third of finance leaders, but only 9% of technical leaders say that managing cloud costs is a top concern. 
• Over a third (34%) of tech and finance leaders disagree on their approach to cloud spending.
• 41% of finance leaders said the main cause of friction is a lack of transparency from tech leaders, whereas 55% of tech leaders say that non-technical staff don’t have the right knowledge or expertise to understand cloud investments.
• Friction is most acute in scale-up environments, with leaders reporting almost twice the level of friction than inside enterprise-sized organizations.
• 50% of organisations struggle to scale cloud usage efficiently as they grow.

Australian organisations are expected to spend A$19.9 billion on public cloud services in 2023, up 19.3% from 2022, according to a new global forecast which reports that All segments of the cloud market are expected see growth in 2023.

Worldwide IT spending is projected to total $4.5 trillion in 2023, an increase of 2.4% from 2022 down from the previous quarter’s forecast of 5.1% growth.

Australians are urged to protect themselves from bogus holiday deals and shopping scams this Christmas season, with research that 74% of Australians plan to cut costs due to rising living costs.

In the retail sector, Aussies spent on average $2.90 more in each online transaction for an average order value of $138, peaking at $149 in June 2022. However, while the average online order value increased, it did so at lower than inflation and the actual size of shopping carts declined—with units per order shrinking by 13%, according to e-commerce and marketplace Pattern.

Global spend on identity and access management solutions is forecast to rise from US$16 billion in 2022 to $26 billion by 2027, representing an “absolute growth” of 62% over the next 5 years.

Personal services businesses, such as hairdressers and beauty salons, in Victoria welcomed a 481 per cent increase in sales in their first weekend post-lockdown compared with the previous weekend, according to Commonwealth Bank merchant terminal data.

A growing number of Australian enterprises have made the switch and, for the rest, it’s only a matter of time.

GUEST OPINION by Claudia Pirko, ANZ Regional Vice President, BlackLine:  Has your business moved some or all of its core software applications to the cloud? For a growing number of local organisations, the answer is a resounding ‘yes’.

RESEARCH: Gartner forecasts Australian spending on public cloud services to reach A$13.8 billion in 2021 and grow 23.4% to A$16.7 billion in 2022.

GUEST OPINION by Simon Howe, Vice President Sales Asia Pacific, LogRhythm: As businesses come to terms with the reality of operating amid the legacy of COVID-19, many are realising their old approach to IT security is no longer up to the task.

Spending on Regtech systems that enable banks and other heavily regulated sectors to meet their compliance burdens, will exceed US$130 billion in 2025, from US$33 billion in 2020, according to new report.

Artificial intelligence for IT operations (AIOps) will become mainstream in 2021, going from theory to practice for many organisations, according to a new enterprise predictions report by Juniper Networks.

The Salvation Army Australia has deployed technology from global software and spend management company Coupa to help manage its resources cost-effectively and for greater effect in undertaking its humanitarian work.

This year alone, Australians spent approximately $5.6 billion on cyber security from both local and international providers, with spending expected to increase to $7.6 billion by 2024, according to a new report.