AMR Research recently released a study that predicts the cost of compliance over the next five years will reach the $80 billion mark. Specifically, the firm estimates that organizations will spend close to $15.5 billion on compliance-related activities in 2005. Though an average company will spend approximately $500,000, leading businesses are using these mandates as an opportunity to identify and transform business areas that need improvement.
"Compliance is an all-encompassing set of activities that cross business and IT groups," said John Hagerty, vice president of research at AMR Research. "Companies that see the big picture will put these mandates to work for them and use them as a catalyst to improve or even rethink many parts of their organizations."
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