Girl looking at digital screen banner

KPMG global tech report: Private enterprise insights

Why the private organizations should tackle legacy issues and shake off short-termism to reach their full potential.

  • 2,038

    Executives from the Private Sector

  • 26

    key markets 

  • $100m USD+

    in revenue


Research from KPMG studying 2,038 executives in private companies finds that the sector’s robust investment decisions are empowering organizations to unlock new value from technology, with AI being a prime example. This report provides insight and analysis into their digital transformation strategies and how the sector’s approach needs to evolve moving forward.

Key themes

  • Private companies have sharp investment decision-making skills

    Private companies surpass their public sector peers in making effective digital transformation investments. Almost three-quarters (74 percent) of sector respondents agree that decision-making processes for tech investments are clear, consistent, and accurately followed.

  • Flaws in IT systems are disrupting private companies' digital transformation journeys

    Flaws in foundational enterprise IT systems disrupt private companies’ workflows on a weekly basis. The private sector is 11 percentage points more likely to experience this issue than the public sector.

  • Private companies are using AI effectively, but employees can feel left behind

    Private organizations are more likely than public firms to have achieved business benefits from AI. But some employees are finding it difficult to overcome the challenges of adapting to the evolving tech landscape.


alt

KPMG global tech report: Private enterprise insights

Why the private organizations should tackle legacy issues and shake off short-termism to reach their full potential

Methodology

The KPMG global tech report 2024 surveyed 2,450 technology leaders from 26 countries across eight industries: financial services, tech, retail and consumer packaged goods, industrial manufacturing, life sciences and pharmaceuticals, healthcare, government and public sector, and energy.

Survey respondents represented organizations with annual revenues above US$100 million and included a diverse group of technology leaders, such as Chief Digital Officers, CIOs, CTOs, CISOs, Chief AI Officers, and others. A significant proportion of the respondent sample were composed of senior leaders: 50% were board members or members of the C-suite, 15% held director or senior manager level positions.

The private company perspective of the KPMG global tech report 2024 draws on the views of 2,038 leaders in the private sector.

Related Insights

KPMG global tech report 2024

Beyond the Hype: Balancing speed, security and value

Private Enterprise

KPMG professionals have guided entrepreneurs, family businesses and privately owned companies toward sustainable success. KPMG Private Enterprise can help you unlock opportunities, navigate challenges and achieve your strategic goals—whether you’re in the startup stage, scaling up or preparing for a business transition.

KPMG Private Enterprise Global Tech Innovator 2024

At KPMG Private Enterprise, we’re committed to discovering and supporting tech entrepreneurs who are working hard to have a positive impact on the future. Are you ready to introduce your tech innovation to the world?

Our Authors

Conor Moore

Global Head of KPMG Private Enterprise

United States

Francois Chadwick

Global Lead, KPMG Private Enterprise Emerging Giants, Partner, KPMG

United States

Robyn Langsford

Global Lead, KPMG Private Enterprise Family Business, KPMG International and Partner in Charge, Family Business & Private Clients, KPMG

KPMG Australia

Connect with us

KPMG combines our multi-disciplinary approach with deep, practical industry knowledge to help clients meet challenges and respond to opportunities. Connect with our team to start the conversation.

Two colleagues having a chat