spending
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Blog
Cloud spending projected to grow 19% this year on back of strong 2024
Cloud spending went from strength to strength in 2024, with enterprises globally ramping up investment – and Canalys expects more of the same in 2025. The analyst firm predicts that spending on global cloud infrastructure services will grow by 19% this year, following on from a strong 2024 Q4 that saw spending rise by 20% year-on-year to $86 billion. Spending…
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Cloud spending soars in financial services – but it’s not all plane sailing for another key European industry
The banking industry is ramping up cloud spending more than any other sector, according to new research, but other major sectors appear to be easing off the pedal. Analysis from IDC shows public cloud spending in Europe will hit a total of $221 billion this year and is expected to reach $373 billion by 2028 – marking a five-year compound…
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Enterprise tech spending to hit $4.9 trillion in 2025, driven by AI, cloud, and cybersecurity – Computerworld
North America is projected to experience a 6.1% increase in tech spending, with AI investments in financial services, retail, and media leading the way. Businesses in the US and Canada are accelerating cloud migration and cybersecurity initiatives, positioning the region at the forefront of enterprise IT innovation. The Asia-Pacific region is forecasted to grow by 5.6%, with China, India, Japan,…
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Microsoft promises more AI spending despite cloud cost stumble
Microsoft posted revenue and earnings growth in its latest quarterly results, but shares still tumbled after reporting higher than expected costs in its cloud segment. Microsoft posted second quarter revenue of $69.6bn, up 12%, while operating income hit $31.7bn, up 17%. Breaking down the results, Microsoft highlighted 14% growth in productivity and business processes. This included a 15% leap in…
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Increased IT spending marred by industry price hikes
Worldwide IT spending is expected to surge in 2025, though research from Gartner suggests much of this growth will be absorbed by price increases. Spending will total $5.61 trillion this year, marking a growth rate of 9.8% from $5.11 trillion in 2024. Last year, Gartner predicted global IT spending would hit $5 trillion. But while budgets for CIOs are increasing,…
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How to Do an Audit on Your Own Spending
I know what it’s like when the thought of looking at your personal finances makes your stomach churn. The first step to getting control of your spending is to take a hard look at where your money actually goes. Now, I’ve previously lamented how many sources like to overstate the impact of small purchases, like your morning iced coffee, on…
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Data center hardware spending surged last year
Last year saw record worldwide spending on data center hardware and software – and the boom is set to continue. Spending grew by a third, according to analysis from Synergy Research Group, but while there was growth across the board, the rise was mostly down to a 48% jump in spending on public cloud infrastructure, which now accounts for 55%…
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Cloud Spending is Perplexing CFOs
As my family’s “CFO,” I meticulously scanned my utility bills late one night. As I went through them, line by line, I was confused and frustrated – I couldn’t understand the jump in costs and what was driving them. It was a confusing mix of kilowatt hours, supply and transmission costs, and local fees. I’m seeing a very similar phenomenon…
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Spending Too Much Time in an App? Your Android Phone Will Warn You
Doomscrolling might be fun in the moment, but it isn’t healthy to do all the time. Now, Google has rolled out yet another tool to let you know how much time you’re wasting watching TikTok. Google has introduced a new feature called “Screen time reminders” to its Digital Wellbeing suite of wellness features on Pixel and other Android phones. This…
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Trump says Elon Musk will lead ‘DOGE’ office to cut ‘wasteful’ government spending
I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”). Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the “Save America” Movement. “This…
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