IT spending will rise by 50 per cent over the next two years, according to industry researchers Gartner Group.
The company said that IT spending worldwide this year would hit $2.2 trillion, with up to 40 per cent of that amount devoted to Year 2000 spending.
By 2002, however, Gartner said worldwide IT spending will climb to $3.5 trillion, with ebusiness spending making up the lion's share at 50 per cent.
Lou Marcoccio, research director at Gartner said that IT spending, which recently dramatically increased due to Y2K remediation, would again accelerate in 12 months, fuelled mainly by ebusiness initiatives.
He added: "Worldwide, IT spending will be $2,2 trillion in 1999."
Enterprises must properly integrate ebusiness and IT planning into the core business planning this year, or they many have to make that IT expenditure again next year.
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