Overall, a 23% rise in e-business spending seen; half expect positive return on investment this year, PricewaterhouseCoopers finds
NEW YORK, April 26, 2000 - By latest count, 80% of technology businesses are now engaged in e-business. They may be classified in three distinct groups: the hard chargers, which have made great inroads transacting online sales (28%); the showcasers, which use the Net as a sales support medium, with transactions completed offline (29%); and the new adopters, which are just getting started with online sales (23%).
Among these groups, the first two are expecting to achieve, on average, a better than 20% revenue contribution from e-business during this calendar year. And most expect a positive return on their cumulative investment within this same time frame. Emboldened by these results -- and a vision of many prospective benefits -- budgeting for e-business and the Net is expected to increase to 10.56% of corporate revenues this year, a gain of 23%. These are highlights from PricewaterhouseCoopers' latest Technology Barometer, released today.
For a copy of the complete news release on this topic, including charts, please visit the Barometer Survey Web site.
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