According to new research from IDC, in 1999 just over 12 percent of all U.S. companies' IT spending was on Web initiatives. IDC believes that industries need to leverage Web technologies within their existing internal business processes such as purchasing, procurement, and inventory management. Although many companies are still in the formative stages of developing internal infrastructures for Web initiatives, others are spending money on developing externally facing Web initiatives. IDC believes Web spending, compared to the proportion of overall IT spending, is creating a specific set of needs. Industries currently dedicating the largest percentage of the IT budgets include insurance, business services, government, and construction.
Segments spending the less include health care, utilities, and resource industries.
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