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Chemicals:
A Year In Review

How are companies that InformationWeek considers as IT innovators changing to stay competitive? Examine year-over-year shifts in business-technology practices and priorities in this InformationWeek 500 2002 and 2001 comparison.

IN A NUTSHELL
INSIDE COMPANIES
Average portion of revenue spent on IT
2%
Companies providing customized solutions to customers
21%
Companies seeking IT patents, trademarks, or copyrights
32%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases
10%
Services or outsourcing
39%
Research and development
2%
Salaries and benefits
18%
Applications
19%
Everything else
12%
INDUSTRY FINANCIALS
Average year-over-year revenue change
-2.0%
Average year-over-year net income change
-16.0%
DATA: InformationWeek research

2001 SnapShot 500/Chemicals
Inside companies
Average portion of revenue spent on IT 4%
Portion of IT organizations that sell services or IT products to other companies 24%
Portion of companies that say wireless E-commerce will contribute to E-business revenue stream 47%
Senior IT executive is a member of executive management committee 82%
Average portion of customers included in electronic supply chain 10%
How companies divide their IT budgets
New product and technology purchases 14%
IT consulting and outsourcing 21%
Research and development 3%
Salaries and benefits 31%
Applications 20%
Everything else 11%
How often companies re-examine their IT spending plans
Daily -
Weekly -
Monthly 24%
Quarterly 47%
Twice a year -
Annually 29%
DATA: INFORMATIONWEEK RESEARCH

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