Concerns about falling business investment in information technology may be wrong, because investment in ICT research and development is actually rising, a senate committee has heard.
The Economic References Committee inquiry into innovation was told that due to the “internet of things”, the way of measuring investment has changed.
Cisco Systems Chief Technology Officer Kevin Bloch told the committee that Cisco would previously have sold product to a buyer’s IT department, so this was measured as an IT purchase.
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Consumers are increasingly using social media to discover news and entertainment and they are becoming more willing to pay for it.
Newspaper subscriptions are stable but reading books, in any format, is increasing in popularity, says the Deloitte Media Consumer Survey 2015.