spending in news
RSS spending in newsSpending bonanza to come in public sector IT
News The shift to shared services in the public sector will drive an increase in tech spending, one analyst predicts. With the government pushing for increased sharing of IT systems, spending on areas such as IT consulting and training will grow, says... [12 Jan 2007]
Spending on credit derivates IT rockets to $500m
News IT spending on credit derivate trading systems is set to rise by 45 per cent to almost $500m this year as banks rush to automate the settlement process and cut the cost of transactions. Aite predicts credit derivatives IT spending will grow at a... [17 Aug 2006]
Spending on software in 2003 - modest growth, says Gartner
News Worldwide software spending should stage a modest recovery this year, after several years of decline, according to a study released on Monday by research firm Gartner Dataquest. Global software spending is expected to hit $76.1bn in 2003, a 3.5 per... [18 Mar 2003]
IT spending 'to hit $1.5tr by 2010'
News Software spending is predicted to reach $327bn by 2010 with consumers and government sectors driving the splurge. Hardware expenditure will hit $562bn by 2010 and will be driven by spending from consumers and government sectors. [11 Jan 2007]
IT spending on the rise
News Douglas McWilliams, author of the report, said: "Information technology investment is obsolete so quickly that it is difficult for spending in the area to stay down for long provided that the economy keeps growing. [18 Mar 2002]
Financial services IT spending spree this year?
News This year is likely to be a big spending year for financial services organisations looking to boost their IT. According to researchers Datamonitor, IT budgets have increased by an average of 11 per cent in the trading/brokerage, fund management... [02 Apr 2007]
Airline IT spending nosedives and outsourcing increases
News IT and telecoms spending by airlines has fallen in the past year as the pressure to cut costs continues, according to the annual industry survey. Aligning IT spending tightly to strategic business objectives is the only way to ensure that IT... [05 Jul 2004]
IT spending set to rise?
News Most large European companies will increase their internet presence and spending over the next 18 months. The respondents said they expect to see their total spending on support of web activities grow at a compound annual growth rate (CAGR) of 17... [10 Aug 2001]
Web services spending down in US
News Shrinking IT budgets have forced corporations to cut back on web services spending but such projects still remain a top priority, according to a Gartner report released today. In an internet survey of 111 North American companies, Gartner found... [23 Jul 2003]
IT spending outlook 'extremely volatile'
News Market research firm IDC has lowered its 2003 forecast for worldwide technology spending, citing the war with Iraq and continuing economic uncertainty. Information technology spending is expected to rise 2.3 per cent to $852bn this year, according... [04 Apr 2003]
Gov shared services spending to hit $1.27bn
News UK government spending on shared services is expected to rocket over the next five years as demand for centralised services increases. Shared services spending in the UK public sector is forecast to hit $1.27bn in 2012 compared to just $311m this... [06 Sep 2007]
Corporations slash IT spending plans
News Corporates are downgrading their IT spending plans for 2007, largely driven by cautious forecasts for the global economy. Media, pharmaceutical and healthcare companies are planning to increase their spending on IT next year by an average of 6.9... [15 Dec 2006]
US execs go security spending crazy
News A poll of corporate executives published on Monday found that companies are increasing spending on security to satisfy legislation - not necessarily because their CEOs have seen the light. The study of 7,500 senior information technology executives... [30 Sep 2003]
Analysts back-peddle on IT spending forecasts
News Research house IDC has done a swift U-turn on first half predictions that suggested European IT spending would not be affected by sluggish growth in the US. The research house had previously predicted 11 per cent growth in European IT spending for... [04 Jul 2001]
IT directors have stopped spending - Siebel
News Siebel is quoted in this morning's FT as saying: "This was the worst IT capital spending environment in history. Customers consistently delayed capital spending, waiting for their business to improve. [18 Apr 2002]
