informa
/
/
Announcements
Alert
Got some free time? Grow your knowledge from the comfort of your computer for FREE!
Alert
Are you looking to stay on top of IT trends? Check out our FREE webinars and virtual events!
Alert
Planning for 2023? Be sure to check out our upcoming in-person events!
Report
How does your salary stack up? 2022 IT Salary Survey Results Revealed
PreviousNext
IT Life
1 MIN READ
Feature

Information Technology: A Year In Review 2

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 2003 and 2002 comparison.
InformationWeek Staff
Contributor
September 19, 2003
SNAPSHOT
INSIDE COMPANIES
Average portion of revenue spent on IT 8%
Average percentage of industry applications and business processes that have Web-based front ends 59%
Companies with real-time business processes in place 71%
HOW COMPANIES DIVIDE THEIR IT BUDGETS
Hardware purchases 19%
Services or outsourcing 13%
Research and development 4%
Salaries and benefits 31%
Applications 18%
Everything else 15%
INDUSTRY FINANCIALS
Average year-over-year revenue change 3%
Average year-over-year net-income change -149%
DATA: INFORMATIONWEEK RESEARCH

IN A NUTSHELL
INSIDE COMPANIES
Average portion of revenue spent on IT 4%
Companies providing customized solutions to customers 68%
Companies seeking IT patents, trademarks, or copyrights 56%
HOW COMPANIES DIVIDE THEIR I.T. BUDGETS
Hardware purchases 20%
Services or outsourcing 19%
Research and development 4%
Salaries and benefits 32%
Applications 14%
Everything else 11%
INDUSTRY FINANCIALS
Average year-over-year revenue change -9.6%
Average year-over-year net income change -125.7%
DATA: InformationWeek research

See the InformationWeek 500 2002 and 2001 comparison

Return to main story: Consolidation Tops IT Vendors' To-Do Lists

Recommended Reading
Loading..
More Insights
White Papers
More White Papers
Webinars
More Webinars
Reports
More Reports
Editor's Choice
Tech Company Layoffs: The COVID Tech Bubble Bursts
Brandon Taylor, Digital Editorial Program Manager
Jessica Davis, Senior Editor
IT Skills: Top 10 Programming Languages for 2023
Cynthia Harvey, Freelance Journalist, InformationWeek
Iowa to Enact New Data Privacy Law: The Outlook on State and Federal Legislation
Carrie Pallardy, Contributing Reporter
Nvidia GTC 2023 Spotlights AI Prospects for Operational Efficiency
Brian T. Horowitz, Contributing Reporter
What Happens to Our Data When We Die?
Terry White, Associate Chief Analyst, Omdia
Software In a Sustainable World
John Abel, Technical Director, Google Cloud
Will Fallout from SVB Lead to a Rethinking of Tech Investment?
Joao-Pierre S. Ruth, Senior Writer
What Does the National Cybersecurity Strategy Mean for Public and Private Stakeholders?
Carrie Pallardy, Contributing Reporter
The State of Affairs in ‘Right to Repair’
Richard Pallardy, Freelance Writer
City of Jackson Turns to Digital Twins to Fix Its Water Problems
Samuel Greengard, Contributing Reporter
10 Hardest IT Jobs to Fill
Cynthia Harvey, Freelance Journalist, InformationWeek
Edge Computing Eats the Cloud?
Pam Baker, Contributing Writer
Webinars
More Webinars
White Papers
More White Papers
Live Events
More Live Events
Reports
More Reports
More Insights
White Papers
More White Papers
Webinars
More Webinars
Reports
More Reports