InternetWeek Ranks Top 100 E-BusinessesResearch Shows that 84% Say E-Business Spending Will Increase in The Next 12 MonthsPRNewswire CMP's InternetWeek, the leading news and analysis source for IT and corporate managers applying Internet technologies and strategies to transform their businesses, today announced results of the Second Annual InternetWeek 100 research study. The June 11, 2000 issue identifies the 10 industry winners and names Hilton Hotels the #1 E-Business of the Year. In addition, InternetWeek 100 research provides an in-depth look at the state of the e-business. For the second year in a row, InternetWeek used rigorous, performance-oriented metrics to highlight the 100 biggest and most successful businesses across 10 major industries that are leveraging Internet technologies to drive e-business results. Companies are ranked based on their use of Internet initiatives deliver new revenues, new customers and new opportunities. This groundbreaking research was followed up with one-on-one editorial interviews with the top performing companies in each category. The Top E-Businesses Winners in each Category are: * Chemicals and Pharmaceuticals: Bristol-Meyers Squibb * Consumer Products: Whirlpool * General Manufacturing: Herman Miller * Financial Services: Fannie Mae * High Technology: Cisco Systems * Internet: Ubid Inc. * Services: Enron Corp. * Retail & Distribution: Tech Data * Transportation: Yellow Corp. * Travel & Hospitality: Hilton Hotels * E-Business of the Year: Hilton Hotels "The InternetWeek 100 Special Issue highlights the companies that are transforming their businesses through technology innovation," said Rob Preston, Editor in Chief of InternetWeek. "Our research found that Hilton Hotels has cut 20% of costs associated with their purchasing process and generated additional revenue through its e-business efforts. Once we had analyzed the data and finished the interviewing process, it was clear that Hilton Hotels is setting the standard for successful business transformation." Hilton Hotels, the winner in the Travel & Hospitality industry category, and is the recipient of the prestigious InternetWeek 100 #1 E-Business of the Year Award. Hilton Hotels' e-business solutions deliver bottom-line results for its customers, suppliers and employees. Hilton booked $300 million in hotel room revenue from its Web sites in 2000, an increase of more than 100%. Hilton's new Web-based purchasing system is home to more than 500 hotel buyers and 3,500 suppliers and the company. In addition, the InternetWeek 100 research underscores the rapid rate of adoption of Internet technologies and the key benefits of business transformation: * 86% of the InternetWeek 100's online operations are profitable
* E-commerce revenue is expected to grow by 32% this year, up from 19%
in 2000
* E-business activities have shaved 9% customer management costs
* 78% are founding or participating in e-marketplaces
* 84% say e-business spending will increase in the next 12 months;
spending is expected to increase by 16% this year.
The InternetWeek 100 Special Issue, including study results and profiles of the industry winners, is available in print and online on June 11, 2001. For additional information, including the full InternetWeek 100 research results and online-only Q&As with the key executives driving e-business results, go to http://www.internetweek.com/. InternetWeek CMP Media's InternetWeek is the news and analysis source for 275,000 IT and corporate managers applying Internet technologies and strategies to transform their businesses. With a history of innovation and thought leadership, InternetWeek is the only newspaper with an Internet/IT editorial focus-meeting the informational needs of e-business stakeholders charged with delivering results and driving business to survive in today's competitive marketplace. According to the most recent Simmons and IntelliQuest readership studies, InternetWeek delivers the most powerful audience -- it is the best-read and maintains the highest reader loyalty of all newspapers in its category. CMP Media LLC CMP Media LLC http://www.cmpnet.com/ is a leading high-tech media company providing essential information and marketing services to the entire technology spectrum -- the builders, sellers and users of technology worldwide. Capitalizing on its editorial strength, CMP is uniquely positioned to offer marketers comprehensive, integrated media solutions tailored to meet their individual needs. Its diverse products and services include newspapers, magazines, Internet products, research, direct marketing services, education and training, tradeshows and conferences, custom publishing, testing and consulting. Contact: Jacqueline Kiarie
Company: CMP, InternetWeek
Phone: 415/538-8980
Email: jkiarie@cmp.com
Contact: Erin Brown
Company: Horn Group
Phone: 781-356-7141
Email: ebrown@horngroup.com
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SOURCE: CMP Media Inc. Contact: Jacqueline Kiarie of CMP, InternetWeek, 415-538-8980, Website: http://www.internetweek.com/ |