Business, Technical Innovations Get Full Attention - InformationWeek
IoT
IoT
Business & Finance
News
9/9/2006
12:53 PM
50%
50%

Business, Technical Innovations Get Full Attention

The telecommunications industry displays a healthy respect for IT investment, with 5.4% of this industry's annual revenue devoted to IT. Only the banking sector allocates more -- 6.0%. Telecom's taste for technology is further underscored by its embrace of technical innovation, as evidenced by very strong showings in most of the key technology areas. The charts below outline the business, technology, and budgeting strategies of the telecommunications companies selected in the InformationWeek<

chart

chart

Inside Telecommunications
5.4% of Industry's Annual Revenue Devoted to IT
43% of IT Budget Devoted to New Projects
46% of Companies Expecting 2006 IT Spending to Exceed 2005


Business Change
62% Creating New Products/Services for Customers in 2006
46% with Global Supply Chain
31% Deploying Business Intelligence Tools to Raise Productivity

Return to the 2006 InformationWeek 500 homepage

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
2017 State of IT Report
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends for 2018
As we enter a new year of technology planning, find out about the hot technologies organizations are using to advance their businesses and where the experts say IT is heading.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll