Complying with the Sarbanes-Oxley Act will take up the biggest chunk of the pie.
Companies will spend $8.8 billion this year on hardware, software, and integration to comply with regulations and laws or requests from business partners, according to a study released Thursday.
Governance, risk management, and compliance have been on the minds of business and IT executives during the past few years, resulting largely from the Sarbanes-Oxley Act.
The survey of 325 North American companies reveals technology plays a significant role in the integration of compliance requirements into existing business processes. Seventy five percent said they will comply with requests to improve business performance.
While North American companies will spend $27.3 billion this year, up to $28 billion in 2007, complying with the Sarbanes-Oxley Act will take the biggest chunk of the pie, estimates AMR Research Inc.
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