Biotechnology & Pharmaceuticals: Here & Now: IT Staff, It Services Lead Budget
An industry known for having deep pockets, the biotechnology and pharmaceutical sector is one of this year's InformationWeek 500 top spenders on IT salaries and budgets (39%), tying with consumer goods and one-upped only by energy and utilities (40%) and the biggest spender on IT salaries, insurance (44%). It also recorded one of the larger percentages of annual revenue devoted to IT -- 3.3%. Surprisingly, R&D gets only 4% of the budget. The charts below outline the business, technology, and budgeting strategies of the biotechnology and pharmaceuticals companies selected in the InformationWeek 500.
Inside Biotechnology & Pharmaceuticals
of Industry's Annual Revenue Devoted to IT
of IT Budget Devoted to New Projects
of Companies Expecting 2006 IT Spending to Exceed 2005
Creating New Products/Services for Customers in 2006
with Global Supply Chain
Deploying Business Intelligence Tools to Raise Productivity
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.