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News

• ​IT spending continues to decline in 2016: Gartner

  Global IT spending is forecast to decline 0.5 per cent in 2016 with total costs expected to reach $3.49 trillion compared to 2015’s estimate of $3.51 trillion, according to Gartner.
  

• Robots to take over the workplace by 2018: Gartner

  ​Robots may start taking over the workplace as early as 2018, with almost half of new companies set to have more smart machines than employees, according to Gartner.
  

• Businesses: It’s time to innovate, Australia’s future depends on it

  ​Australian businesses must be willing to adapt to using new and disruptive technologies or risk holding the nation back from economic growth, according to new research by the Australian Council of Learned Academies (ACOLA).

• Australian IT spend to increase despite global decline

  Australian IT spending for 2015 will increase 2.1 per cent from last year, reaching almost A$78.1 billion, despite an overall decline in worldwide IT spending, according Gartner forecasts.

• 5 tech trends that will impact data centres in the future

  At Gartner’s Infrastructure, Operations & Data Centre Summit in Sydney, research analyst, David Cappuccio, detailed new trends that are likely to impact IT operations and data centres of the future.

• Government ICT spend to reach $6.2 billion by 2018

  Australian Government ICT spending is set to reach $6.2 billion by 2018, with 1.7 per cent five-year compound annual growth rate (CAGR) by 2017, according to IDC research. ICT spend is the largest category for government spend, and has become a central theme in state government service transformation roadmaps.

• DevOps to become mainstream by 2016

  DevOps will evolve from being a niche strategy to a mainstream practice implemented by a quarter of Global 2000 firms, Gartner believes.
  

• Australian trade to boom through to 2025

  Australia's international trade will surge 129% by 2025 – nearly double the global growth rate over this time – with the strongest period to be the next five years, HSBC predicts

• Oakton forecasts $90m revenue in 2H11

  Oakton (ASX:OKN) expects revenue and adjusted ebitda for 2H11 to be in line with the first half, but said it will accrue higher than expected legal expenses during the period

• Number of wealthy Australians growing

  Research firm Datamonitor has estimated that the population of Australian consumers with over $50k in liquid assets is on the rise

• Jumbo Interactive upgrades 1H forecast

  Jumbo Interactive (ASX:JIN), operator of the OzLotteries.com internet lottery site, has upgraded its earnings expectations for the first half by $300k

• Prophecy foresees turnaround in FY11

  Enterprise software company Prophecy International (ASX:PRO) is forecasting a turnaround in FY11 based on current market activity, and will pursue a merger and a partnership to stimulate this

• 15% of Aus adults plan to buy property this year

  Around 15% of Australians plan to buy a property over the next year - with around half of these to be first home purchases - despite high home prices and interest rates, Datamonitor said

• Do old forecasting tools still work?

  “If you can’t forecast well, forecast often,” is a well worn adage for people in markets and for economists. The adage has been - somewhat cruelly - referenced to former US Federal Reserve chairman, , Alan Greenspan, who’s forecasting record was less than prescient. He did however forecast often. In the public arena bank economists are paraded out each month to make forecasts on interest rates, inflation, unemployment.

• TZ Limited expects sales boom in next six months

  A new security suite, which has recently gone beta, is expected to attract 15 new clients for its Infrastructure Protection unit