Business & Finance
10:32 PM

Automotive: Focus On New Products: A Competitive Necessity

Automotive manufacturers are using information technology to help streamline business processes, and create new products and services for customers. IT spending as a percentage of revenue in the automotive sector grew slightly from 1.8% in 2005 to 2.0% in 2006. Business innovation such as globalization and technology initiatives including wireless e-mail and business intelligence tools are widely deployed and are helping these companies stay competitive. The charts below outline the business, technology, and budgeting strategies of the automotive companies selected in the InformationWeek 500.

Budget Breakdown

Tech Innovation

Inside Automotive
2% of Industry's Annual Revenue Devoted to IT
42% of IT Budget Devoted to New Projects
54% of Companies Expecting 2006 IT Spending to Exceed 2005

Business Change
77% Creating New Products/Services for Customers in 2006
85% with Global Supply Chain
62% Deploying Business Intelligence Tools to Raise Productivity

Return to the 2006 InformationWeek 500 homepage

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