Transformational technologies are no longer viewed as just a way to keep up with trends and competitors. They are now viewed as a key driver of innovation. With the world changing so rapidly, virtually every tech company feels the imperative to innovate. However, managing investment in innovation is not that easy and does not always result in great returns. Wrong tech investment means lost time, lost money and lost opportunities.
As technology innovation moves rapidly, it does not adhere to an established quarterly or annual review and funding schedule that most organisations follow. It actually often cripples innovation. These conflicting realities make it difficult for companies to decide which transformational technologies to adopt, when to adopt them, and how to integrate them with, or even replace, existing systems, KPMG’s ‘Managing technology innovation’ publication reveals.
To explore more, please download 'Managing Technology Innovation' publication.