Banking & Financial Services: A Year In ReviewBanking & Financial Services: A Year In Review

How are companies that <I>information</I> considers as IT innovators changing to stay competitive? Examine year-over-year shifts in business-technology practices and priorities in this <I>information</I> 500 2004 and 2003 comparison.

information Staff, Contributor

September 1, 2004

2 Min Read
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SNAPSHOT 2003 INSIDE COMPANIES Average portion of revenue spent on IT 9% Average percentage of industry applications and business
processes that have Web-based front ends 42% Companies with real-time business processes in place 84% HOW COMPANIES DIVIDE THEIR I.T. BUDGETS Hardware purchases 17% Services or outsourcing 14% Research and development 3% Salaries and benefits 33% Applications 22% Everything else 11% INDUSTRY FINANCIALS Average year-over-year revenue change 5% Average year-over-year net income change -96% DATA: information RESEARCH

See the information 500 2003 and 2002 comparison

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