Hi JBoo. Sorry, but your argument opposing risk101's statement...

Hi JBoo. Sorry, but your argument opposing risk101's statement (internet of everything) needs a bit more factual foundation. Consider the following (which support risk101's proposition):
1. InfoTech biz/gov't expenditure growth globally (in USD) of 4.1% in 2015 and 6.3% in 2016 (Forrester survey)
2. Worldwide IT spending is forecast to increase 3.1% in 2015 in constant currency terms. (Gartner, March 2015). Gartner forecasts particularly high global growth in IT services through to 2019.
3. "New mobile, cloud, and analytics technologies are tilting the tech market away from hardware and classic outsourcing, and toward software and related services." (Forbes, Jan 2015)
4. "Big Data technology and services market will grow at a 26.4% compound annual growth rate to $41.5 billion through 2018, or about six times the growth rate of the overall information technology market." (IDC forecast)

These forecasts are global, whereas OZ has lagged, but UXC reported increasing business in its Dec14 and Feb15 updates. Let me add personal anecdotal evidence of this local growth:
(a) my employer completed a major revamp of its payroll services last month;
(b) OZ gov't introduced "my gov't" portal a couple of years ago and now several gov't services are being ported to that platform;
(c) my web broker (who's platform is used by a few firms) completed a substantial update in early 2015 (with several glitches!) and indicated it has more work to do later this year (e.g. more tablet-friendly);
(d) CBA opened an innovation centre this year and indicated it is pouring more funds into IT as its competitive advantage (not to mention reduce cyber crime risk);
(e) I was an early adapter to online buying (1990s), but I estimate that easily the majority of my annual expenses are now transacted online (e.g. airfare, all hotels, laptop, all utility bills) or at least researched online (furniture, car, grocery specials, foreign restaurant menus).

No guarantees that UXC will get much of the expected growth in IT business as well as maintain margins, but its guidance says this is happening, and it is the largest OZ-based IT services firm -- experience counts given the risks of costs, user experience, and cyber-crime (just ask Target USA and Sony).