One in ten IT teams are wasting more than $100k a year on redundant technology as decision-makers are feeling added pressure to spend products and services that might not benefit the business. A study by deciBel Research spanning IT leaders across Australia and New Zealand found 10 per cent of companies wasted over $100,000 a year on outdated technology following pressure from the boardroom, as well as experience poor ROI and outsourcing experiences. Another 13 per cent claimed to have wasted between $50,000-$99,999, and 25 per cent wasted between $10,000-$49,999, according to the research commissioned by Rackspace. Two in five respondents said they have purchased or implemented technology that has not ever been used within their organisation. Meanwhile, respondents from both medium (45 per cent) and large (38 per cent) businesses have released a version of software to the wider business that has caused issues. Forty three per cent of surveyed IT decisions makers claimed to have experienced executive pressure to implement technology, even though they personally believed it was too risky for the business. Almost three quarters (73 per cent) reported making a poor purchasing decision, including software or hardware that didn’t deliver its promised or became irrelevant within the intended lifespan. Almost three in five (57 per cent) claimed to have had a negative outsourcing experience from an IT service provider, due to badly managed services (48 per cent), services continually going down (31 per cent) and security concerns (31 per cent). Angus Dorney, director and GM, Rackspace ANZ, said the research reflected how difficult it can be today to predict if a purchase is going to deliver on its promise to provide your business with sufficient ROI. “In a crowded market where new technologies are released at such a rapid rate, the modern day choice has become less black and white than it was a decade ago,” said Dorney. “Helping to ensure you’re making the right choices when it comes to technology can come down to doing your research, taking the time to do an in-depth comparison of the available offerings and consulting reputable and experienced providers. “If you do the ground work, you’re more likely to have the foundation you need for a swift and seamless implementation, selecting the right technology for your business needs.” Related content brandpost Sponsored by NTT DATA Transform your technology and accelerate business outcomes with NTT DATA’s Technology Solutions By Miriam Murphy, Chief Executive Officer at NTT, Europe Dec 06, 2023 4 mins Digital Transformation brandpost Sponsored by SAP How the cloud and AI will help more companies become future proof In a world where macroeconomic uncertainty has become the new normal, being future-proof is no longer a ‘nice to have’. It’s a must have. By Scott Russell, Customer Success at SAP Dec 06, 2023 4 mins IT Leadership feature 6 generative AI hazards IT leaders should avoid The opportunities to use generative AI will greatly vary for each organization, but the ways it can go wrong are turning out to be fairly universal. By Mary Branscombe Dec 06, 2023 11 mins CIO Application Performance Management Generative AI interview Delivering value through IT at Village Roadshow During a recent CIO Leadership Live session, Michael Fagan, chief transformation officer of Australian cinema and theme park company Village Roadshow, spoke with CIO’s editor in chief for APAC Cathy O'Sullivan about delivering value, colla By CIO staff Dec 06, 2023 8 mins CIO CIO Leadership Live Change Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe