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KPMG energy and chemicals industry technology insights report

KPMG reports on the state of energy and chemicals industry digital transformation, automation, artificial intelligence, and machine learning

Digital to the core

In May and June 2022, KPMG U.S. surveyed 1,052 U.S.-based, executive-level technology leaders across eight broad industry sectors. The 2022 KPMG U.S. Technology Survey Report covers the current state of their organization’s digital transformation journey, the challenges they are facing along that journey and their planned technology investments. This Energy and chemicals industry insights report highlights the most significant differences in the survey findings for the 100 technology leaders in the energy and chemicals sector relative to all sectors represented in the survey.

Key findings

Our survey of technology leaders in the energy and chemicals industry reveals that they are well behind their peers in other sectors when it comes to making use of and generating value from digital technologies. More than any other industry, those in energy and chemicals companies are inclined to cite the high cost of purchasing and implementing new systems (and adding the necessary talent) as a significant impediment to digital technology adoption.

2022 KPMG U.S. Technology Survey Report

Rising costs, economic uncertainty, geopolitical fractures, and a global talent crisis have created arduous conditions for today’s businesses. But as the results from our 2022 KPMG U.S. Technology Survey show, many organizations are turning to new and emerging technologies to strengthen customer loyalty, enhance their products and services, protect market share, and win new business.
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Here are a few highlights:

Energy and chemicals companies lag on most technology fronts.

Percentage who say they’re proactive in progressing against their strategy and continually evolving in the following areas:

  • AI & automation (18% vs. 40%)
  • Cloud (27% vs. 48%)
  • Data & analytics (36% vs. 51%)

They are less likely to say they've been effective using digital technology:

  • Have been very or extremely effective using digital technology to advance business strategy (55% vs. 66%)
  • Say digital transformation efforts have boosted profitability or performance by more than 10% (15% vs. 21%)

This is Speed to Modern Technology

Our 15,000+ technology professionals have a wide range of specialties, from AI to analytics and 5G to blockchain. But they’re all dedicated to just one thing: helping technology leaders succeed by accelerating their transformation efforts — starting now.

Meet our team

Accelerating business transformation requires speed of insights and deep expertise.

Our professionals immerse themselves in your organization, applying industry knowledge and innovative technology to deliver sustainable results. Whether it’s helping you lead an ESG integration, risk mitigation, or digital transformation, KPMG creates tailored, data-driven solutions that help you deliver value, drive innovation, and build stakeholder trust.

Image of Angie Gildea
Angie Gildea
National Sector Leader – Energy, Natural Resources and Chemicals, KPMG in the US

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