InternetWeek Survey Reveals IT Executives Still Optimistic About E-Business Spending Despite Economic SlowdownWHO: Bob Violino, Managing Editor/Features, CMP Media's InternetWeekPRNewswire WHAT: A new InternetWeek survey finds that IT managers continue to be
optimistic, albeit cautiously, about e-business spending
despite the current down economy. In fact, 74% of the
respondents told InternetWeek that concerns about the economy
are not causing their companies to scale back spending on
Internet-related projects. The survey of IT and e-business
executives offers an updated view of the leaders' 2001 spending
plans, following a January poll that found a slightly more
bullish attitude among executives.
Highlights of the survey results include:
-- 48% of the respondents expect their company's Internet and
e-business spending to increase this year compared to last
year. That's down from 77% in January. However, those
expecting the same amount of spending jumped from 19% to
43%, confirming that IT leaders expect spending to at
least hold steady, and not decrease, in a volatile
economy.
-- 39% of those polled say they expect their company's 2001
Internet sales will grow at a faster rate in 2001 than in
2000, with only 15% expecting sales to slow.
-- 58% of the respondents say they are likely to get new or
already budgeted funding for key e-business initiatives
through the remainder of this year.
-- When asked about ROI, nearly half of respondents -- 48% --
say that demonstrating ROI for e-business technology and
projects is more critical right now than it was in
January.
InternetWeek expert Bob Violino is available to discuss these
survey results. InternetWeek will also provide graphs of
survey data. The full story is located on the Web at
InternetWeek > ROI Or Bust > Companies Hold Line On E-Business
Spending, For Now > Apr. 5, 2001 and in the April 9, 2001 issue
of InternetWeek.
WHEN: Tuesday, April 10th and Wednesday, April 11th
CONTACT: Gail Griffen, CMP Media LLC Erin Brown, Horn Group
516-562-5634 781-356-7141
ggriffen@cmp.com ebrown@horngroup.com
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PRNewswire -- April 10 SOURCE: CMP Media LLC Website: http://cmpnet.com/ Company News On-Call: http://www.prnewswire.com/comp/181993.html or fax, |