According to a third annual study by A.T. Kearney and Line56 Media, companies are spending 20.3 percent of their 2003 information technology budgets on e-business initiatives. Comparison with prior Line56/A.T. Kearney research (2001: 17.5%; 2002: 19.3%) shows continuing growth of e-business initiatives relative to overall I.T. expenditure.
A.T. Kearney and Line56 surveyed companies with greater than US$250 million in revenue and found that although they are currently spending an average of $42.6 million on e-business initiatives, their investments are being made behind user demand. The study also found e-business spending is expected to grow at 2.5 percent in 2004.
The research shows that 38 percent of all e-business spending is directed toward networking and infrastructure initiatives like server hardware, server software and databases. In the area of e-business applications and tools, the majority of spending is being directed toward enterprise resource planning (ERP), portals, supply chain management (SCM), customer relationship management (CRM) and content management initiatives.
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