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.
September 23, 2002 12:00 AM
IN A NUTSHELL
INSIDE COMPANIES
Average portion of revenue spent on IT
3%
Companies providing customized solutions to customers
40%
Companies seeking IT patents, trademarks, or copyrights
48%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases
23%
Services or outsourcing
11%
Research and development
6%
Salaries and benefits
21%
Applications
24%
Everything else
15%
INDUSTRY FINANCIALS
Average year-over-year revenue change
1.6%
Average year-over-year net income change
137.4%
DATA: InformationWeek research
2001 SnapShot 500/Health Care & Medical
Inside companies
Average portion of revenue spent on IT
5%
Portion of IT organizations that sell services or IT products to other companies
42%
Portion of companies that say wireless E-commerce will contribute to E-business
revenue stream
75%
Senior IT executive is a member of executive management committee
96%
Average portion of customers included in electronic supply chain
40%
How companies divide their IT budgets
New product and technology purchases
20%
IT consulting and outsourcing
13%
Research and development
9%
Salaries and benefits
33%
Applications
18%
Everything else
7%
How often companies re-examine their IT spending plans
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