Security News > 2024 > July > ManageEngine: Australian SMEs Aim to Reduce IT Costs Amid Growing Technology Complexity

Reducing costs is the biggest priority for Australian SMEs.

Due to increasing costs and higher interest rates in the Australian market, SME leaders were found to be seeking "Growth without additional cost," the report said, in an effort to drive productivity enhancements through technology optimisation rather than through more spending.

SMEs are expected to invest in more data management and processing capabilities, the report suggested, as AI gradually causes additional technological complexity and data demands.

SEE: Australian SMEs are at risk of being left behind on AI. "As AI applications evolve, they generate additional data through interactions and outputs, further escalating data requirements," analysis in the ManageEngine report stated.

Despite a focus on infrastructure and cloud, as well as rising AI investment, a large proportion of Australian SMEs say they are still early in their digital transformation journey.

The ManageEngine report found that, as the market grows more competitive, SMEs in Australia are being compelled to innovate, leveraging AI-powered insights and embrace digital tools.

News URL

https://www.techrepublic.com/article/australia-sme-tech-buying-trends/