The unstoppable progress of digital technology is transforming every business, and as great as the impact has been to date, it is just getting started.
COVID-19 has accelerated digital transformations and emerging technology initiatives. Investing in new technologies is no longer optional in the current business reality, there are now implications for survival and growth. Businesses need to shift their mindset and put digital at the core of their operations if they are to survive in the medium to long-term. While speed is crucial, it’s equally important for one to take a disciplined approach that incorporates the entire business.
Marco J. Vassallo
KPMG in Malta
Businesses across all industries and markets are at different stages of their digital journey. Digital transformation is enabled by technology but requires business-wide change, across functions, processes and the way people work. KPMG professionals are, together with our alliances, working shoulder-to-shoulder with these forward-looking businesses to deliver innovative solutions that can meet these challenges and make the journey successful.
We are making significant investments in our own digital transformation, which strengthens our ability to support our clients on their own journeys. Across the global organisation we are creating a common digital platform so we can better collaborate and offer solutions to clients that help them benefit from rapidly developing technologies.
We don’t invest in technology for technology’s sake — the KPMG Digital Solutions team use technology to deliver sustainable and effective change for our clients, enabling their organisations, and ours, to become higher-performing, more resilient and secure, and to create more value.
Delivering on digital transformation
Digital transformation doesn’t come in a box. It requires the ability to dig in and understand all aspects of the client’s business. With that, an approach can be designed that encompasses the entire business and transforms legacy processes, including HR, IT, finance and sales amongst others. Our goal is to enable organisations to become a more future-focused enterprise, ready to drive growth.
We do that through our market-leading ‘Connected. Powered. Trusted.’ approach. KPMG Connected Enterprise helps clients rebuild their business around their customers to create a borderless organisation, where people and technology interact with new levels of productivity and value creation. KPMG Powered Enterprise helps them create a nimble, scalable business to harness the latest technologies, leading business practices and tested solutions for a smarter, faster path to the right operating model. And our Trusted offering helps clients proactively manage risk and regulation, from compliance and operationalisation to the transformation cycle.
Another thing that sets KPMG apart when it comes to digital transformation is the global organisation’s focus on cyber security. Effective cyber security cannot be an afterthought or an add-on — it has to be integral to all aspects of digital transformation, from front-to back-office. In fact, our approach is to view cyber security as a way for businesses to gain a competitive edge — building in greater resilience and creating greater trust in their brands. Locally, we are investing in our own cyber teams and capabilities to protect our organisation and safeguard data that clients entrust to KPMG.
Ultimately, it takes people and technology working together to deliver sustainable and effective change. We continue to invest in our people so that they are technology-enabled, agile and connected in ways which will equip them to help our clients navigate the evergreen digital reality.
Throughout this webpage, “we”, “KPMG”, “us” and “our” refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. Member firms of the KPMG network of independent firms are affiliated with KPMG International. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.