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Compliance Drives Big Spending

Compliance Drives Big Spending

by Rick Turoczy on February 1, 2005

The next five years are going to see over $80 billion worth of e-business spending related to regulatory compliance, according to new research from AMR.

This was predictable, as companies have taken the past several quarters to get ready for Sarbanes-Oxley (SOX) and other initiatives on a process level and are now ready to layer in the technology. What’s more interesting is that SOX is just one of many regulatory initiatives driving spending.

Looking at 2005, AMR sees 40 percent of the spending ($15.5 billion) going to SOX, 24 percent going to HIPAA, 15 percent to SEC and FDA regulations, and 21 percent to “other,” a category that includes Basel II. The years 2006-2009 will see another $65 billion or so in compliance-related spending.

Compliance Drives Big Spending

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