InternetWeek Survey Reveals That E-Business Spending Continues To GrowWHO: Bob Violino, Managing Editor/Features, CMP Media's InternetWeekPRNewswire WHAT: The latest InternetWeek e-business spending survey finds that
corporate and IT management continues to recognize the
importance of e-business spending but are increasingly cautious
in this current economic environment. In addition, the survey
includes feedback from both corporate and IT managers, revealing
that the two constituents are in alignment on a majority of
spending issues.
The survey offers an updated view of 2001 spending plans
following two polls, in January and March, which found cautious
yet optimistic attitudes among executives. The majority of IT
managers, 71%, told InternetWeek that concerns about a slowing
economy are not causing their companies to scale back spending
on Internet initiatives.
Highlights of the survey results include:
- 47% of IT managers expect their company's spending on
Internet and e-business initiatives to increase over 2000
levels -- compared to 48% in March.
- E-business spending will increase by 27% this year down
slightly from the increase projected one quarter ago, but
still a robust figure.
- Corporate and IT management are in sync on most spending
issues; however differences emerge in three areas:
* IT management is more optimistic about growth on Internet
sales for 2001
* Corporate management is more optimistic about funding for
new and existing projects
* There is some disagreement regarding the types of
initiatives that may be cut.
InternetWeek's survey reveals that e-business spending
continues to capture a large portion of total IT budgets --
despite broader market conditions. E-business initiatives that
deliver more revenue, reduced costs or new customers continue to
receive funding. To explore these issues further,
InternetWeek has set-up a discussion forum at
http://www.internetweek.com/transtoday01/ttoday072301.htm
InternetWeek 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
http://www.internetweek.com/newslead01/lead072301.htm and in the
July 23, 2001 issues of InternetWeek.
WHEN: Tuesday, July 24, 2001
CONTACT: Jacqueline Kiarie, CMP Media LLC Erin Brown, Horn Group
415-538-8980 781-356-7141
jkiarie@cmp.com ebrown@horngroup.com
ABOUT: InternetWeek
CMP Media's InternetWeek (http://www.internetweek.com) is the
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applying Internet technologies and strategies to transform their
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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.
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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, multiple 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. PRNewswire -- July 24 SOURCE: CMP Media LLC Website: http://www.internetweek.com/ |