Technology spend is expected to reach AU$78.7 billion in Australia and NZ$11.6 billion in New Zealand in 2015, according to Gartner.
While 58 percent of chief information officers in Australia and New Zealand expect that their budgets will flatten or decline, technology spending is forecast to grow 4.1 percent in 2015 in Australia compared to 1.75 percent in 2014, and 2.9 percent in New Zealand, up from 1.2 percent in 2014.
Peter Sondergaard, senior vice president at Gartner and global head of research, said the results represent the shift in IT spending power, where the demand and control is moving away from IT and towards business units closer to the customer.
He said that currently, 38 percent of global IT spend is outside of IT. By 2017, it will increase to over 50 percent.
"Digital startups sit inside your own organisation, in your marketing department, in HR, in logistics, and in sales. Your business units are acting as technology startups," he said.
"Australia and New Zealand are increasingly known for creative and design expertise, with leading global vendors looking here to make acquisitions. You need to tap into this in your organisation and make it a competitive advantage.
To match the spend, Gartner has predicted that by 2018, digital businesses will require 50 percent fewer business process workers, but will in turn drive a 500 percent boost in digital jobs around smart machines, robotics, automated judgment, and ethics.
Read the full story by ZDNet at http://www.zdnet.com/australian-technology-spend-to-hit-au78-7-billion-in-2015-gartner-7000035933/