A report has found that more than half the companies surveyed had increased their information-security budget in the past year.
Federal Minister for Finance and Deregulation, Lindsay Tanner, has pledged to eradicate the costs of the previous government's "haphazard and fragmented" IT spending, but one commentator has argued that the government needs to spend more to make more of its technology.
The war in Iraq is giving chief information officers pause about IT spending, according to a survey by investment bank Merrill Lynch.
Cisco Systems chief executive John Chambers on Wednesday gave an upbeat assessment of information technology spending next year, saying Cisco customers are "beginning to get their foot off the brake."
Singapore's IT market slumped by 7.8 percent in 2002 and any rebound this year will be curtailed by the SARS scare, says market researcher International Data Corp (IDC).
In the Australian market, banks are the archetypal large IT customer: they've got lots of technology of differing vintages, have to spend a fortune on services to stitch it all together, and are also obliged to meet a super-strict regulatory regime which would make most lesser enterprises quake in their virtualised boots.
A report has found that more than half the companies surveyed had increased their information-security budget in the past year.
Companies that spend above the average amount on IT can make up to 36 per cent more profit than their techno-phobic competitors, according to the latest research.
The war in Iraq is giving chief information officers pause about IT spending, according to a survey by investment bank Merrill Lynch.
Although many companies spent less on technology this year than originally budgeted, spending could increase modestly next year, according to a new survey from Morgan Stanley.
Most IT analysts have been predicting gloom and doom for the IT industry for the last couple of years. One firm now sees a few rays of light. Read these contrasting views to help make up your own mind.
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