Part I presented an initial analysis of IT spending plans for 2004 based on a 2003 survey of 97 companies. Here in Part II, we try to help you understand how your spending plans compare with our survey sample. To that end, we examined some important demographic and strategic drivers of IT spending and delved deeper into the data by examining respondents' major spending priorities. While 2004 spending plans will, on average, be flat compared to 2003, and while most organizations are in cost-cutting mode for IT, some firms plan to build new technologies and applications.