When companies want to reduce costs, IT is usually high on the list. And that's proving to be the case at Woolworths, which has identified several areas of technology cost savings as part of its "Fuel For Growth" program.
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So much for the theory that everyone in IT is being asked to do even more with less money. In ANZ's half-yearly results, technology expenses went up $95 million compared to the same time a year ago.
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
Westpac's half-yearly results outline how it has been spending money on IT over the last six months. Even though it is no longer stressing over Windows XP, there's still a lot of money going out the door.
Alright, we know -- your IT budget is shrinking because corporations are staffed by soul-sucking monsters that value dollar signs above absolutely everything else, sanity included. But another key factor is that money that was once assigned to centralised IT is now often ending up in individual departments instead.
Commonwealth Bank is generally reckoned to be the market leader when it comes to bank technology deployment in Australia -- but it still managed to spend less on many areas of IT over the last six months than before. Here's where CommBank spends its money on IT services.
Westpac's annual results include a breakout of how much money it is spending on IT. While that number has risen in the last year, the bank appears to think that's worth it.
Qantas' annual results are as ugly as expected -- it lost $2.8 billion. One of the few bright spots was a reduction in how much it spent on tech.
Internet service provider (ISP) iiNet is doing nicely at the moment -- it had over $1 billion in revenue last year. Its annual accounts also give an interesting indication of how it spends money on IT.
Commonwealth Bank made an $8.3 billion profit last financial year, and its IT systems are generally held to be the best of any major Australian bank. You might not have $1.38 billion to spend on technology, but you can still adopt some of the approaches CommBank uses.