Biotechnology & Pharmaceuticals: Here & Now: IT Staff, It Services Lead BudgetBiotechnology & Pharmaceuticals: Here & Now: IT Staff, It Services Lead Budget

An industry known for having deep pockets, the biotechnology and pharmaceutical sector is one of this year's information 500 top spenders on IT salaries and budgets (39%), tying with consumer goods and one-upped only by energy and utilities (40%) and the biggest spender on IT salaries, insurance (44%). It also recorded one of the larger percentages of annual revenue devoted to IT -- 3.3%. Surprisingly, R&D gets only 4% of the budget. The charts below outline the business, technology, and budgeting strategies of the biotechnology and pharmaceuticals companies selected in the information 500.