CIOs across Asia Pacific now directly control less than 60 per cent of enterprise IT spending and “time is running out for CIOs to partner with the business”, according to Forrester Research’s Dane Anderson. Forrester surveyed 1437 IT and business decision-makers in the Asia Pacific region about their investment intentions for IT budgets in 2013. As CIOs grapple with budget reductions, other executives are growing their IT spending at very healthy rates, controlling 33 per cent of regional enterprise technology spending in 2012, a share that is growing quickly, the researcher said. “Emboldened business leaders across Asia-Pacific are increasingly driving reorganisation and retraining efforts to extract greater value from their technology,” said Anderson, who is research director and Asia Pacific manager at Forrester. IT groups across the region accounted for 58 per cent of IT purchases in 2012, down from 2010 when they bought 74 per cent of their organisation’s IT. According to Forrester, IT spending patterns in Australia are similar to North America with organisations spending 6 per cent of their revenue on IT. However, Australian budgets are coming under pressure with 38 per cent of organisations planning to decrease spending in 2013, with 33 per cent planning an increase. Related: Government tech budgets stabilise. Follow CIO Australia on Twitter and Like us on Facebook… Twitter: @CIO_Australia, Facebook: CIO Australia, or take part in the CIO conversation on LinkedIn: CIO Australia Related content brandpost Sponsored by Rocket Software Why data virtualization is critical for business success Data is your most valuable resource—but only if you can access it fast enough to address present challenges. Data virtualization is the key. By Milan Shetti, CEO of Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rocket Software The hybrid approach: Get the best of both mainframe and cloud Cloud computing and modernization often go hand in hand, but that doesn’t mean the mainframe should be left behind. A hybrid approach offers the most value, enabling businesses to get the best of both worlds. By Milan Shetti, CEO Rocket Software Nov 28, 2023 4 mins Digital Transformation brandpost Sponsored by Rimini Street Dear Oracle Cloud…I need my own space Access results from a recent Rimini Street survey about why enterprises are rethinking their Oracle relationship and cloud strategy. By Tanya O'Hara Nov 28, 2023 5 mins Cloud Computing brandpost Sponsored by Rimini Street How to evolve IT systems into innovation engines Today’s IT leaders are more than eager to modernize with best-fit cloud solutions that drive innovation and rapid business impact, but they need to do so with ROI-based solutions. By Tanya O'Hara Nov 28, 2023 4 mins IT Leadership 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