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IT Budget Stories - Page 13

UK Stories

IT Budget stories

UK firms focus on cuts (including IT) amid rising financial pressures
Digital Transformation

UK firms focus on cuts (including IT) amid rising financial pressures

New research from Daisy Corporate Services shows two-thirds of UK businesses prioritising cost reduction, with nearly half citing rising costs as their primary concern.

By Sean Mitchell • 3 min read • Wed, 15th May 2024
Parliament's 'pitiful' GBP £6.5m IT budget increase alarms cyber chiefs
Advanced Persistent Threat Protection

Parliament's 'pitiful' GBP £6.5m IT budget increase alarms cyber chiefs

Amidst growing cyber threats, Parliament's meagre GBP £6.5 million increase in IT budget, now totalling GBP £67.7 million, prompts national security worries among cybersecurity chiefs.

By Kaleah Salmon • 3 min read • Tue, 2nd Apr 2024
Bank of England increases IT spending amid criticism
Advanced Persistent Threat Protection

Bank of England increases IT spending amid criticism

The Bank of England's IT spending has surged by 12% to £98.8m, eliciting criticism amid rising expenses on tech salaries and bonus payouts.

By Shannon Williams • 3 min read • Wed, 27th Mar 2024
HMRC spends £80m on remote working tech amid 'couch potato' critique
Artificial Intelligence

HMRC spends £80m on remote working tech amid 'couch potato' critique

HMRC's £80m spending on remote working tech over three years has sparked debate, evidencing a shift towards a 'couch potato culture', according to official figures.

By Catherine Knowles • 3 min read • Thu, 14th Mar 2024
Majority of IT decision-makers to boost cybersecurity budgets in 2024
Endpoint Protection

Majority of IT decision-makers to boost cybersecurity budgets in 2024

Infosecurity Europe reports a significant rise in cybersecurity budgets for 2024, with 69% of UK IT leaders expecting an increase, predominantly in cloud security and incident response.

By Catherine Knowles • 3 min read • Wed, 21st Feb 2024

Global Stories

IT Budget stories

Generative AI driving surge in business AI adoption, study finds
Data Analytics

Generative AI driving surge in business AI adoption, study finds

Pegasystems reveals new research showing creative generative AI is driving the adoption of analytical AI decisioning tools among global enterprises.

By Sean Mitchell • 4 min read • Tue, 11th Jun 2024
Organisations prioritise SaaS security, increase budgets amid cuts
Software-as-a-Service

Organisations prioritise SaaS security, increase budgets amid cuts

In 2025, 70% of organisations prioritise SaaS security, forming dedicated teams despite economic pressures, reveals CSA and Adaptive Shield survey.

By Catherine Knowles • 3 min read • Fri, 7th Jun 2024
Boardroom leaders slash tech budgets in tough economy
Digital Transformation

Boardroom leaders slash tech budgets in tough economy

In response to economic upheavals, 50% of boardroom leaders, particularly in the US and UK, have shrunk tech budgets over the past year.

By Shannon Williams • 2 min read • Wed, 15th May 2024
AI drives 27% rise in IT spend but firms lack data strategy
Edge Computing

AI drives 27% rise in IT spend but firms lack data strategy

Couchbase's new survey reveals a 27% rise in IT modernisation spending driven by AI, but 59% of businesses fear their data strategies are inadequate for GenAI demands.

By Sean Mitchell • 3 min read • Tue, 14th May 2024
Extend launches 'team budgets' to boost autonomy & secure expenses
Autonomy

Extend launches 'team budgets' to boost autonomy & secure expenses

Extend unveils 'team budgets', a novel feature designed to enhance spend regulation, secure transactions and foster autonomy amongst finance leaders on its platform.

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024
Why comprehensive observability reduces cloud waste & minimises IT spending
Clean technologies

Why comprehensive observability reduces cloud waste & minimises IT spending

Amid complexities in cloud adoption, comprehensive observability emerges as a key tool for businesses to manage cloud waste, optimise costs, and streamline their IT spending.

By Felix Berndt • 4 min read • Thu, 28th Mar 2024
The benefits and risks of Artificial Intelligence
Data Analytics

The benefits and risks of Artificial Intelligence

AI is a powerful business tool, yet it carries potential risks. According to Immuta's 2024 Data Security Report, robust data governance is crucial to maintain security.

By Anthony Farr • 4 min read • Mon, 11th Mar 2024
Inadequate digital adoption costs firms over $1m per week
Digital Transformation

Inadequate digital adoption costs firms over $1m per week

Lack of digital adoption costs enterprises over $1.14m weekly, despite IT spend set to hit $5 trillion in 2024, finds WalkMe's annual report.

By Catherine Knowles • 3 min read • Thu, 8th Feb 2024
The future of data storage in the AI era
Storage

The future of data storage in the AI era

2024 to usher in transformative data storage advancements pivotal for AI, with hard drive technology leaps delivering greater capacity and sustainability, fuelling a greener digital future.

By Seagate • 3 min read • Tue, 9th Jan 2024
Report reveals enterprise AI insights & adoption strategies
Disaster Recovery

Report reveals enterprise AI insights & adoption strategies

Nutanix's report illuminates AI adoption strategies amongst enterprises, highlighting a skills gap in generative AI.

By Shannon Williams • 3 min read • Thu, 16th Nov 2023

Stories from Other Regions

IT Budget stories

Talenza unveils Tranzformd & the Transformation Group in Australia
Digital Transformation

Talenza unveils Tranzformd & the Transformation Group in Australia

Talenza inaugurates Tranzformd and the Transformation Group for a new trajectory in Australian enterprise, merging talent, tech and strategy for effective business transformations.

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024
China's top firms to increase AI spending, predicts IDC
Artificial Intelligence

China's top firms to increase AI spending, predicts IDC

Top 2000 Chinese firms to devote over 50% of core IT budget to AI by 2027, potentially sparking a double-digit innovation hike, reveals International Data Corporation.

By Catherine Knowles • 2 min read • Fri, 29th Dec 2023