Information technology (IT) spending by a subject entity is assessed against an industry-wide optimal value of an IT benchmark and a result of that assessment displayed. Importantly, the IT benchmark developed by the present inventor accounts for the subject entity's IT spending as a percentage of the entity's revenue and the entity's IT spending as a percentage of the entity's operating expenses. For the industry as a whole, the optimal value of the IT benchmark is determined on the basis of profitability measures for individual companies within the industry. This process may be performed as part of a larger analysis concerning the subject entity's operations to provide an overall assessment of the entity's financial performance, health, etc.