Nearly half of IT decision-makers in Australia and New Zealand report that their organisation is wasting at least $10,000 per year on redundant technology, with 10% wasting over $100,000.
Westpac will increase its annual investment spending by around $200m, with a special focus on technology spending, to stay abreast of the major changes taking place in the financial services industry.
Australian businesses are coming to recognise the benefits of card and other digital payments for B2B transactions, but adoption remains limited and paper processes are still ubiquitous.
Australian government spending on ICT is set to grow from $5.8bn last year to $6.2bn in 2018, with growth driven by software, cloud and security investments.
The federal government's 2015 Budget includes some substantial ICT investments, including $254.7m on the Digital Transformation Agenda, $153.8m on the data retention scheme and $485.1m on the MyHealth system.
Experts from Australia's technology industry believe the 2015 federal Budget will help stimulate the sector but are calling for more initiatives to improve the economy and address the growing ICT skills gap.
ICT spending by the Victorian public sector has more than doubled since 2010 by some estimates, but agencies are failing to demonstrate value for money, a state audit shows.
Australian IT spending will increase 4.2% in local currencies this year, but a stronger US dollar will lead to declining revenues globally, according to Gartner.
The Victorian Life Sciences Computation Initiative facility has been awarded $6.6m by the state government, ensuring its world-leading technology research stays in Victoria.
The Coalition's Budget includes a number of planned cuts that could shake the ICT sector, including the elimination of grant programs, a lower R&D tax offset and a phase-out of government funding for NICTA.
Government respondents to a Gartner CIO survey are feeling pressed to reduce IT budgets and are losing control of IT spending within their departments.
More than half (56%) of Australian companies have not experienced any revenue growth over the last year, and businesses are turning to IT in a bid to stimulate growth, a Servcorp survey suggests.
Eleven teams with unique start-up ideas are finalists in this year's Sydney Genesis Entrepreneurship Challenge, competing for $13,000 in cash.
In this breakdown of the Coalition's ICT policies, analysts indicate the incoming government's high-level ICT policies - including plans for the NBN - bode well for the Australian ICT sector, as long as they can be successfully executed.
The panic in Cyprus surrounding plans to levy private citizens’ bank accounts to pay for a bailout has driven a steep rise in the value of digital currency, Bitcoin.