1KPMG global tech report 2023KPMG global tech report 2023Secure value by navigating uncertainty with confidence.KPMG. Make the Difference.kpmg.com/techreport20233KPMG global tech report 2023ForewordBe determined, not deterred. Despite the headwinds of global economic uncertainty, digital transformation leaders that are committed to their innovation priorities continue to realize value at pace. By aligning investment in technology with their strategic ambitions, these organizations are upholding momentum. When it comes to digital transformation, a hesitant mindset could prove costly, and not just because competitors will continue to invest: new technologies can give businesses ways to deal with the difficult market.The good news is that the latest KPMG research suggests that many organizations refuse to be blown off-track. In this year’s edition of our global tech report, technology professionals are resolute. Some leading organizations are already generating profit from their investments in emerging technologies — and are coping well with priorities such as the environmental, social and governance (ESG) agenda. © 2023 Copyright owned by one or more of the KPMG International entities. KPMG International entities provide no services to clients. All rights reserved.4KPMG global tech report 2023Tech on track In last year’s report, 66 percent of organizations said they were either very or extremely effective at using technology to advance their business strategies. Almost all said they had successfully used digital transformation to improve profitability or performance over the previous two years. Today, that track record is paying off as buy-in from senior leaders for the deployment of emerging tools and technologies has almost quadrupled. These results show what is possible. By demonstrating the potential returns of well-placed technology investments, tech teams can unlock support for future technology bets. And having made significant advances, many businesses are exploring new innovation opportunities — particularly in areas such as artificial intelligence (AI). They are also thinking hard about how to build on the improvements they have already made — with more rigorous management of their cloud-based infrastructure, for example.In this year’s research, we look at organizational priorities and plans for technology. We surveyed 2,100 executives and carried out in-depth discussions with industry experts to find out how organizations are looking forward to the next stage of the digital transformation journey. Where do they expect emerging technologies to drive new value? And how will they move forward with pace and confidence?This is not to downplay the challenges. Notably, 67 percent of technology leaders say they are now expected to do more with smaller budgets than they were last year: 72 percent and 69 percent of Asia-Pacific (ASPAC) and Americas bu...
