IT Budget stories - Page 4

Birmingham City Council's £123 million ERP failure triggered bankruptcy, revealing how better process management software might have averted this costly disaster.

Kaseya forecasts AI risks, job cuts, and growth opportunities as managed service providers adapt to evolving tech, cybersecurity, and sustainability demands.

UK firms lose nearly one in five SaaS pounds to wasted or duplicate licences, with 63% facing uncontrolled adoption risking security and overspending.

Commvault launches the Cloud Unity platform, offering centralised, AI-driven data protection across multi-cloud, on-premises, and edge environments for cost efficiency.

Banks are doubling AI budgets to 17% of IT spend by 2028, but only 20% have robust real-time data governance, reveals Tech Mahindra's global survey.

Global spending on generative AI smartphones is expected to reach USD $298.2 billion by 2025, making up 20% of total AI end-user expenditures.

Hexaware and Replit launch Vibe Coding, enabling non-coders to develop secure AI-powered business software swiftly with robust enterprise governance.

Security budget growth slows to 4% in 2025, the lowest in five years, amid economic volatility and staffing challenges, says IANS Research report.

AI use nears 94% in UK and Ireland firms, yet full business transformation lags; IT outsourcing shifts as offshore activity and client demands grow.

CloudZero reveals AI spending in software firms is rising sharply, with budgets set to increase 36% in 2025 amid challenges in evaluating ROI and hiring talent.

New research reveals that 92% of IT leaders warn lack of employee digital readiness risks undermining $644bn Generative AI investments worldwide.

A survey reveals organisations spend 49% of cloud storage bills on fees like data access, hindering business and causing budget overruns in 2024.

A new report reveals that while 87% of executives acknowledge the need for responsible AI, 85% admit they lack proper preparation to implement it.

A Semarchy study reveals only 16% of tech and professional services firms are audit-ready for the Corporate Sustainability Reporting Directive, raising data concerns.

S&P Global Ratings predicts a 9% surge in global IT spending by 2025, driven by AI investments in data centres and traditional hardware.

A recent SolarWinds survey reveals that only 18% of public sector IT professionals believe their budgets meet their needs, intensifying financial strains globally.

New NIS2 directives are imposing hefty financial strains on EMEA firms, with 95% reallocating budgets to tackle compliance costs.

A new report reveals that 95% of UK finance leaders struggle with global spend management due to outdated systems, hindering business growth.

Enterprises are prioritising security over digital transformation as cybercrime's global cost approaches USD $9.5 trillion. Is crowdsourced security the answer?.

A new report by Vultr reveals 72% of enterprises are advancing in AI adoption, correlating AI maturity with enhanced business performance across sectors.