Singapore IT leaders are the most optimistic globally about budget growth, new research from Colt Technology Services shows.<\/p>\n\n\n\n
Some 70% of Singapore\u2019s IT leaders expect a robust increase of more than 10% as businesses invest in their technology infrastructure to deliver on their growth plans.<\/p>\n\n\n\n
Hong Kong ranked second in the stats with 49% expecting similar levels of growth, outpacing peers in the US, UK and Europe.<\/p>\n\n\n\n
Improving security (Hong Kong: 47%, Singapore 44%) and adding AI and Machine Learning capabilities (Hong Kong: 42%, Singapore 32%) topped the list of priorities for investment in the coming 12 months.<\/p>\n\n\n\n
Other trends and behaviours uncovered by the research include:<\/p>\n\n\n\n
\u2022 Businesses are exploring emerging tech \u2013 One in three businesses in Hong Kong and Singapore rated implementing emerging tech as a priority – with 25% using IT to explore new revenue streams<\/p>\n\n\n\n
\u2022 Building in flexibility is critical \u2013 28% of businesses in both financial hubs named improving network flexibility as a priority, compared to the global average of 23%. However, businesses in Singapore (13%) were much less focused on enabling a remote workforce compared to Hong Kong (24%) and globally (20%)<\/p>\n\n\n\n
\u2022 They continue to roll out the \u2018building blocks\u2019 of Digital Transformation \u2013 26% of Hong Kong continued to name cloud migration as a top priority, compared to 19% in Singapore. One in five (20%) businesses in Hong Kong and Singapore also identified investing in collaboration applications as a priority<\/p>\n","protected":false},"excerpt":{"rendered":"
Singapore IT leaders are the most optimistic globally about budget growth, new research from Colt Technology Services shows. Some 70% of Singapore\u2019s IT leaders expect a robust increase of more than 10% as businesses invest in their technology infrastructure to deliver on their growth plans. Hong Kong ranked second in the stats with 49% expecting […]<\/p>\n","protected":false},"author":58,"featured_media":34370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,56,53,38,59,44,54],"tags":[1162,5989,2645,121,5990,69],"class_list":["post-34363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-verticals-banking-finance","category-east-asia","category-regional-news-newsletter","category-analysis-research","category-south-east-asia","category-top-stories","category-used","tag-colt-technology-services","tag-global-tech-budget","tag-growth","tag-hong-kong","tag-it-leaders","tag-singapore"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/34363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/comments?post=34363"}],"version-history":[{"count":6,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/34363\/revisions"}],"predecessor-version":[{"id":34634,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/34363\/revisions\/34634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media\/34370"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media?parent=34363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/categories?post=34363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/tags?post=34363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}