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 |
| 3.3% |
of Industry's Annual Revenue Devoted to IT |
| 43% |
of IT Budget Devoted to New Projects |
| 44% |
of Companies Expecting 2006 IT Spending to Exceed 2005 |
| Business Change |
| 30% |
Creating New Products/Services for Customers in 2006 |
| 89% |
with Global Supply Chain |
| 11% |
Deploying Business Intelligence Tools to Raise Productivity |
|
