Survey reports small rise in IT spending

Feb. 25, 2002
Business consulting firm AMR Research has found that businesses in general plan on increasing their spending on Information Technology (IT) this year. According to AMR, 2002 will be a year of prioritization for IT spending, forcing companies to look at how IT investments impact their bottom line, with incremental purchases on technology that demonstrate an ability to deliver a rapid returns on investment.
Business consulting firm AMR Research has found that businesses in general plan on increasing their spending on Information Technology (IT) this year.

According to AMR, 2002 will be a year of prioritization for IT spending, forcing companies to look at how IT investments impact their bottom line, with incremental purchases on technology that demonstrate an ability to deliver a rapid returns on investment.

AMR said its survey results for the fourth quarter 2001 showed a planned increase in electronic commerce business budgets of 9%, up from 7% in the previous quarter. The majority of overall e-business spending focused in areas that drive revenue, including sales and customer management initiatives, the survey found.

The percentage of companies that plan to increase IT spending continues to increase from 60% in the third quarter to 66% in the fourth quarter. However, the percentage of companies planning to decrease spending more than doubled from 6% in the second quarter to 13% in fourth quarter of 2001, a continued reflection of the current state of the economy and world affairs, the survey said.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...