EDM Spend to Double by 2009

FRONT PAGE: OPERATIONS

Spending on enterprise data management projects will double over the next four years as firms come to grips with increased data burdens mandated by regulatory pressures, according to a report from Boston-based consultancy Aite Group.

According to the report by managing partner Sang Lee, spending on EDM projects will rise at a compound annual growth rate of 15 percent over the next four years, growing from $1.1 billion last year to more than $2 billion by 2009, compared with a projected CAGR o