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IDC: Australian Utility Industry Sits on Opportunities That Can Benefit Greatly from ICT Innovation and Investment – CIO

IDC: Australian Utility Industry Sits on Opportunities That Can Benefit Greatly from ICT Innovation and Investment

  CIO 15 April, 2009 Sydney, Australia, 15 April 2009. Bracing issues such as climate change, renewable energy and smart metering, the Australian utility industry is abuzz with many opportunities that can benefit from ICT innovation and investment.

IDC has released a new report titled, Australia Utilities Information and Communications Technology Market 2008-2012 Forecast and Analysis that focuses on the utilities sector in Australia, providing a map of where short- and longer-term opportunities can be found and highlights purchasing patterns for products and services by market…………………
………………….The Utilities market is a small and conservative spender on ICT and constitutes 2.8% of the total enterprise market in Australia. IT services spending makes up the lion’s share of utility industry spending – at 57%.·

The tight credit markets have already slowed capital spending in this industry and this is likely to continue through 2009. Fossil-fuelled and nuclear generation projects will suffer the worst due to high-risk profiles.

IDC: Australian Utility Industry Sits on Opportunities That Can Benefit Greatly from ICT Innovation and Investment – CIO

April 15, 2009 - Posted by Christina Macpherson | Uncategorized