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).
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."
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.
Is it possible that consulting services would be among the first to see spending as confidence returns among business leaders?
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.
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.
The latest survey from IDC shows that over half of the enterprises in Asia-Pacific invested in security solutions in 2002.
Is it possible that consulting services would be among the first to see spending as confidence returns among business leaders?
Tech spending could accelerate toward the middle of next year, according to a poll of chief information officers, a trend that could benefit Microsoft and a few select companies.
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