itSMF Bulletin February 2021 | Page 10

This was one of the biggest surges in technology investment in history – with the world’s IT leaders spending more than their annual budget rise (2) in just three months, as the global crisis hit, and lockdowns began to be enforced.

•Security and privacy the top investment, but 4 in 10 of Australian IT leaders report cyber attacks

•Huge surge in IT spend isn’t sustainable – as 2020/21 technology budgets come under more strain

•8 in 10 Australian IT leaders concerned about the mental health of their tech teams due to the pandemic

The largest technology leadership survey in the world of over 4,200 IT leaders (265 based in Australia), analysing responses from organisations with a combined technology spend of over US$250bn, also found that despite this huge surge of spending, and security & privacy being the top investment during COVID-19, 4 in 10 Australian IT leaders report that their

by Guy Holland, Partner in Charge, KPMG Digital Delta

COVID-19 forces one of the biggest surges in technology investment