IT departments are set to double expenditure on e-commerce this year to £2.6bn.
The explosion investment in e-commerce projects ranges from the smallest to the largest companies, according to data from the latest Computer Weekly/Kew Associates survey of IT expenditure.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Organisations with more than 500 staff will boost e-commerce spending by 110% to £1.7bn in 2000. Similar surges in expenditure are being seen in medium-sized firms employing betwen 100 and 499 staff, where spending is up 153% to £343m, and in small firms with less than 100 people, who are splashing out £341m, a rise of 167%.
The proportion of the IT budget allocated specifically to e-commerce continues to grow. Last year, e-commerce projects accounted for 2.3% of the overall UK corporate IT budget. In 2000, the figure is predicted to rise to 4.3%.
The true proportion of expenditure being spent on e-commerce-related work is likely to be much higher. The £2.6bn figure refers only to IT expenditure singled out by companies as being spent directly on e-commerce, and does not take into account the billions of pounds that firms are spending on upgrading their hardware, software and networks to cope with e-business demands.