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Keeping pace with evolving technology trends remains vital to business growth.
Be determined, not deterred. Despite the headwinds of global economic uncertainty, digital transformation leaders that are committed to their innovation priorities continue to realise value at pace.
In our latest survey – the KPMG global tech report 2023 – digital leaders are bullish in their belief that embracing technology across all facets of their business is bringing productivity gains.
Whether it’s a focus on building trust in their services or investigating how AI can help serve them, our latest report shows that technologic advancement is not being slowed by the uncertain economic climate.
Read the full KPMG global tech report 2023 to understand where your business sits in comparison to the others out there.
Key findings
ESG has become the
priority for innovationAdvancing ESG commitments is the top innovation goal for tech functions over the next two years
Leadership rushes to
embrace emerging techThe number of businesses with leadership buy-in for emerging tech has more than tripled, from 10 percent to 38 percent
Boost seen in
tech productivityThe largest group of respondents see technology investment driving profit or performance improvement uplift of more than 10 percent, up from 2.5 percent last year
Businesses lean into
the AI boomAI is seen as the most important technology for achieving short-term ambitions
#1
Lack of coordination is the top hurdle for tech function's transformation progress
67%
say that in comparison to last year they are expected to do more with a smaller budget
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Digital transformation
Digitally transformed yet? Or is your organisation just going through the motions?
In today's turbulent economy, businesses that are not digitally transformed are at a serious disadvantage. Customer engagement and cybersecurity stand firm as popular focus areas for digital transformation projects.
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Trust
Trust
The Security-by-Design imperative: Accelerate digital transformation without sacrificing security.
Cybersecurity and privacy concerns were ranked as primary factors that could slow down transformation progress. And amid the ongoing migration to cloud infrastructures, 40 percent say that enhancing security has become a key goal in their XaaS projects.
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ESG
ESG
Are your priorities in order? Put ESG at the top of your digital transformation goals.
ESG priorities were listed as the primary innovation goal for technology functions over the next two years. The opportunity here is considerable, and many businesses are focusing on how they can use technology to tackle their environmental ambitions.
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Digital ambition
Digital ambition
The future is AI-Powered. Are you being left behind?
55 percent of businesses say progress toward automation has been delayed because of their concerns about how AI systems make decisions. As scrutiny of AI increases, businesses will need policies and practices they can articulate and apply with confidence
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Collaboration
Collaboration
The silo effect: How collaboration breakdown is killing digital transformation.
Almost half of businesses (46 percent) say their technology function lacks the governance and coordination it needs to effectively support transformation initiatives. More than a third (36 percent) describe their culture as risk averse.
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Digital leadership
Digital leadership
Does your organisation have the agility to become a digital leader?
Our annual technology survey explores how the top 15 percent of businesses interviewed are transforming at a faster pace with better results than the global average.
Get in touch
Our KPMG global tech report 2023 reveals that keeping pace with evolving technology trends remains vital to business growth.
If you're struggling to keep your business up-to-date with tech progress, contact Liam or Des of our Technology team. We look forward to hearing from you.
Liam Cotter
Partner
KPMG in Ireland
+353 87 050 4184 Liam
Cotter
Phone number
Des Sherwin
Director
KPMG in Ireland
+353 87 050 4645 Des
Sherwin
Phone number
