Digital leaders are confident that embracing technology across various areas of business is bringing productivity gains, according to a latest survey by KPMG.
The KPMG Global Tech Report 2023 found that advancement in technology is not being slowed by the uncertainties in the economy.
Among the key findings of the report are:
- ESG has become the priority for innovation, with advancing commitments in the area serving as the top innovation goal for technology over the coming two years.
- the number of businesses with leadership buy-in for emerging technology has more than tripled to 38% from 10%
- the largest group of respondents see technology investment driving profit or performance improvement uplift of more than 10%, compared with 2.5% in the year prior
- artificial intelligence is seen as the most important technology for achieving short-term ambitions
- lack of coordination is dubbed as the top hurdle for technology function's transformation progress
- 67% say that they are expected to do more with a smaller budget, in comparison to last year
