Technology spending enters a new build budget phase. Worldwide IT spending is projected to total US$4.2 trillion in 2021, an increase of 8.6 per cent from 2020, according to the latest forecast by Gartner. “Technology spending is entering a new build budget phase,” said John-David Lovelock, distinguished research vice president at…
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Four types of technology buying by organisations
Tech buying behaviour trends. About seventy percent of global technology buyers are exploring more ways to purchase technology this year, however vendor engagement strategies continue to under-deliver when it comes to meeting tech buyer expectations, according to a survey by Gartner, Inc. “Technology providers often create go-to-market (GTM) strategies with limited insights…
Read MoreProfessionals outside of IT will be the tech innovators by 2024
New category of business buyers are occupying a larger share of the overall IT market. By 2024, 80 per cent of technology products and services will be built by those who are not technology professionals, according to Gartner, Inc. This trend is driven by a new category of buyers outside…
Read MoreScaling technology during COVID-19 helped with revenue growth
Companies who amplified their technology investments during pandemic lockdown were able to extend their growth advantage over others. Leading companies that amplified their technology investments during the COVID-19 pandemic have significantly extended their growth advantage over competitors, according to new research from Accenture. The newly released report, “Make the Leap, Take the Lead,” revealed…
Read MoreWorldwide IT spending to reach US$4 Trillion in 2021
Funding for new digital business initiatives to come from outside of IT. Worldwide IT spending is projected to total US$4.1 trillion in 2021, an increase of 8.4 per cent from 2020, according to the latest forecast by Gartner. The source of funds for new digital business initiatives will more frequently come from…
Read MoreAsia’s digital technology hiring landscape in 2021
FIs remain vigilant towards remote working risks and take pre-emptive steps to mitigate them. During 2020 Asia’s traditional revenue streams were hampered, resulting in salary and recruitment slowdowns, and a new working normal was imposed. As businesses turned to the latest technological advancements in order to counterbalance the effects of…
Read MoreBudgets and tech innovation in Hong Kong
Hong Kong’s Secretary for Innovation and Technology Xue Yongheng on the new measures in the field of innovation and technology in Hong Kong budget 2021. Innovation and technology is an important driving force for future economic development. The current government has invested more than 100 billion yuan to support the…
Read MoreSingapore seeks digital innovations to bring a stronger economy
Heng Swee Keat Deputy Prime Minister, Coordinating Minister for Economic Policies and Minister for Finance of Singapore delivered the country’s budget for 2021 financial year. Budget 2021: Emerging Stronger Together sets out the Government’s plans to continue to tackle our immediate challenges, and build a stronger Singapore that is economically…
Read MoreIncreasing importance of CIOs and IT teams
The pandemic has meant IT departments are experiencing a level of disruption like they have never seen before. IT teams have had to deal with increased disruption during the COVID-19 pandemic and CIO’s are now preparing for the next phase, says recruiting experts Hays. Hays’ CIO, Steve Weston, said in a…
Read MoreMalaysia prioristises tech silos
Championing technologies needed to help the nation become cutting-edge. The Malaysian Government’s High-Tech Nation Council meeting towards the end of December, aimed to give strategic direction regarding existing and upcoming technology that has the potential to be developed in the country. The High-Tech Nation Council will report directly to the…
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