Report: E-Business Still Just A Promise For Many Companies - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Report: E-Business Still Just A Promise For Many Companies

While the promise of E-business may be shaking up the business world, for many larger companies, a promise is all it still is, according to a new report issued by PricewaterhouseCoopers.

In a survey of 83 companies, the majority with annual revenue of more than $1 billion, 79% of the respondents said that E-business accounts for less than 5% of their revenue, according to Ed Berryman, sponsor of the report and director of E-business solutions for PricewaterhouseCoopers.

"What we found, and we looked at some rather large firms, is that they have yet to really partake of the benefit that we have heard about in the news so much," Berryman says. "It isn't so much that they aren't aware of it. Evidence shows they have executive-level sponsorship with over half of the initiatives. But they haven't done a lot with it."

PricewaterhouseCoopers found that only 28% of the respondents are able to process transactions online and that 60% do not yet have extranets linking operations with key suppliers and financial partners. In addition, only a quarter of the respondents have moved beyond basic Web "brochureware" in implementing E-business. The report also found that fewer than one of six companies considers themselves an innovator in E-business and that a number of them have no means of measuring success.

The report also confirmed many analysts' predictions regarding Y2K personnel. "We all wondered whether, post-Y2K, there would be resources freed up from millennium efforts to focus on E-business, and we are seeing that is the case," Berryman says.

The survey was conducted over three months and involved companies in manufacturing, financial services, transportation, retail, energy, communications, and other industries. Most of the responses were provided by executive-level personnel, according to PricewaterhouseCoopers.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
The State of Chatbots: Pandemic Edition
Jessica Davis, Senior Editor, Enterprise Apps,  9/10/2020
Commentary
Deloitte on Cloud, the Edge, and Enterprise Expectations
Joao-Pierre S. Ruth, Senior Writer,  9/14/2020
Slideshows
Data Science: How the Pandemic Has Affected 10 Popular Jobs
Cynthia Harvey, Freelance Journalist, InformationWeek,  9/9/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Automation Transforms Network Management
In this special report we will examine the layers of automation and orchestration in IT operations, and how they can provide high availability and greater scale for modern applications and business demands.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll