Consulting & Business Services: A Year In Review - InformationWeek
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Consulting & Business Services:
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
3%
Companies providing customized solutions to customers
73%
Companies seeking IT patents, trademarks, or copyrights
39%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases
13%
Services or outsourcing
25%
Research and development
3%
Salaries and benefits
30%
Applications
17%
Everything else
12%
INDUSTRY FINANCIALS
Average year-over-year revenue change
-3.0%
Average year-over-year net income change
-200.0%
DATA: InformationWeek research

2001 SnapShot 500/Consulting
Inside companies
Average portion of revenue spent on IT 7%
Portion of IT organizations that sell services or IT products to other companies 52%
Portion of companies that say wireless E-commerce will contribute to E-business revenue stream 61%
Senior IT executive is a member of executive management committee 81%
Average portion of customers included in electronic supply chain 35%
How companies divide their IT budgets
New product and technology purchases 22%
IT consulting and outsourcing 13%
Research and development 4%
Salaries and benefits 33%
Applications 17%
Everything else 11%
How often companies re-examine their IT spending plans
Daily -
Weekly 10%
Monthly 55%
Quarterly 29%
Twice a year -
Annually 6%
DATA: INFORMATIONWEEK RESEARCH

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