KPMG life sciences technology insights report
KPMG reports on the state of life sciences 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 life sciences industry insights report highlights the most significant differences in the survey findings for the 101 technology leaders in the life sciences sector relative to all sectors represented in the survey.
Key findings
Our survey shows that compared to companies as a whole, life sciences companies lead in the adoption of many advanced technologies, including artificial intelligence (AI). They’re ahead of the game when it comes to cyber security, too, yet they lag in cloud adoption more so than their counterparts in other industries.
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.
Here are a few highlights:
Life sciences companies lead the way in many areas, but not all:
- AI and automation (57% vs. 40% of all companies)
- Cyber security (52% vs. 42%)
- Data and analytics (54% vs. 51%)
- Cloud (39% vs. 48%)
Compared to other industries, their primary goals for investing in enterprise technology are different:
- They’re the most likely to cite amplifying customer centricity (58% vs. 46%)
- They’re less likely to list accelerate agility as a goal (37% vs. 42%)
- They’re less likely to invest to create new value (17% vs. 22%)
Predictably, the cyber security concerns of life sciences companies are different than those of others, too:
- More cite the creation of new services based on Internet of Things technology as a top cyber security challenge (28% vs. 17%)
- More than those in any other industry, they plan to invest in data protection over the next 18 to 24 months (50% vs. 39%)
But they’re appear to be doing a better job in cyber security than others:
- Fewer cite a lack of skills as a top-3 challenge to achieving cyber security goals (29% vs. 39%)
- More say they’re progressing well against their cyber security agenda (52% vs. 42%)
Download the full report and discover how KPMG can help you with digital transformation.
Dive into our thinking:
Life sciences industry insights
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