Embracing new technologies is no longer just about doing things better, faster, and cheaper. It now has implications on survival and growth in a new business reality. Emerging technologies are transforming every industry, requiring legacy businesses to radically reinvent themselves—faster than they ever imagined.
The COVID-19 pandemic has reinforced the importance of driving enterprise transformation using technology as an enabler. Emerging technologies which enable automation, artificial intelligence, powerful computing, connected devices and equipment, massive data transfer, collaboration, and business resilience are heroes in these turbulent times, helping enterprises recover from initial impacts of COVID-19 and set a strong foundation for the future.
Enterprise reboot, a new report by KPMG International and HFS Research, provides data and research on driving tangible value from emerging technologies in this new reality. Based on two global surveys of 900 technology executives in 9 countries (Australia, Canada, France, Germany, India, Japan, the Netherlands, the U.K, and the U.S ) from across a range of business sectors the report draws on insights to uncover the current and future state of emerging technology adoption, explores the challenges of value realization, and reveals how organizations can fully capitalize on technology’s promise.
As enterprises deal with the prolonged fallout from the crisis, the focus of business is now survival.
Companies are turning to the classic recession tactic of instant budget myopia.
Insights into emerging technologies when integrated together under a common vision and infrastructure.
An overview of four key emerging technologies companies are investing in: smart analytics, process automation, hybrid cloud, and cybersecurity.
Insights on budget pressures and operating model stresses forcing organizations to prioritize areas that bring important near-term benefits.
Embracing new technologies is no longer just about doing things better, faster, and cheaper.
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These are challenging times, with technology advancement creating both immense disruption and opportunity. We hope the Enterprise reboot report delivers greater clarity about the future holds and can be a practical roadmap for arriving there stronger than ever.