Although the report, based on responses from 812 organisations, found that the economic slowdown has led businesses to pursue low-risk and measurable e-business projects, more ambitious plans have only been put on hold.
Digby Jones, director-general of the CBI, said this is when reality bites for e-business. "It is reassuring that plans to expand markets and create new commercial opportunities through e-business have only been put on hold. As investment capital becomes available firms will move swiftly to create new commercial advantage."
Despite the dotcom boom and bust, 90% of companies remain confident that e-business will eventually reduce costs by 10% or more.