InformationWeek Announces the InformationWeek 500 for 2001Collaboration and Customer Knowledge Found to be Key Elements of the Most Innovative IT OrganizationsPRNewswire CMP Media LLC's InformationWeek today announced the InformationWeek 500, a prestigious listing of the largest and most innovative users of information technology. The ranking includes household names such as Sears, Compaq, and Eli Lilly, as well as Owens & Minor, which ranked No. 1. For 13 years, the InformationWeek 500 has tracked businesses' IT agendas, providing a unique opportunity to understand and examine their business practices across core areas of operations. The typical InformationWeek 500 company spent $12.5 billion in annual revenue in its most recent fiscal year, of which 3.9% will be invested in information technology, an average of nearly $484 million. This marks a 9.4% increase in spending over last year, when InformationWeek 500 companies spent an average of $442 million on IT. Looking back five years, InformationWeek 500 companies have increased their IT investments at a remarkable 26.7% compound annual growth rate. "In a down market, staying competitive is critical, and there's a delicate balance between opportunistic investments and prudent spending," said Rusty Weston, editor of InformationWeek Research. "The findings of the 2001 InformationWeek 500 reinforce past results that early adoption of new technologies is essential to an organization's success." The InformationWeek 500 survey revealed that the top 500 technology users are spending a smaller portion of overall revenue on IT, allocating less money for compensation of IT workers, and reviewing their spending plans more frequently. But they are also remaining aggressive on key IT initiatives to hold their edge. "What defines the leaders in the InformationWeek 500 is an intense focus on customers, a desire to collaborate, and a drive to improve employee productivity," said Stephanie Stahl, editor of InformationWeek. "Owens & Minor's use of information technology to improve the efficiencies of its business, and that of its customers, is what helped it earn the top spot on the listing." The InformationWeek 500 is the most detailed source of industry-specific IT budget data. The research project gathered in-depth information directly from companies about how they approach and prioritize their IT investments. The research identified and ranked the companies following an extensive mail, phone, and fax study, as well as a survey of senior IT executives on their organizational priorities and spending plans for the year ahead. For a full report of the InformationWeek 500 findings and to benchmark your company against its peers on this list, check out http://www.informationweek.com/iw500. About InformationWeek InformationWeek helps the people who buy, build and manage technology drive business innovation powered by technology. In addition to the weekly magazine, InformationWeek provides a platform of information solutions including http://www.informationweek.com/, InformationWeek Research, InformationWeek Events, which includes the InformationWeek Conferences for business and technology executives and InformationWeek Daily, an e-mail news service. In May 2001, InformationWeek was named one of the nation's Top 10 B2B Media Powerhouses by Advertising Age's B2B. About CMP Media LLC CMP Media LLC (http://www.cmp.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, trade shows and conferences, custom publishing, testing and consulting. Contact: Jackie Kolek PepperCom (212) 931-6166 jkolek@peppercom.com Tricia Hoban PepperCom (212) 931-6171 thoban@peppercom.com SOURCE: CMP Media LLC Contact: Jackie Kolek, +1-212-931-6166, jkolek@peppercom.com, or Tricia Website: http://www.informationweek.com/iw500 |