Global Technology Innovation Center

Insights on the many different aspects of technology innovation


The top 10 technologies for business transformation

 

 

 

 

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We are pleased to announce the top 10 technologies for business transformation publication, which includes perspectives from more than 740 global leaders (76 percent C-Suite) across 12 countries working in the technology industry.

Highlights

  • Internet of Things (IoT) was again ranked by industry leaders as the top driver of business transformation over the next three years. 
  • Robotic process automation (RPA) was the biggest gainer in this year’s survey of industry leaders. RPA improved from ninth to second place in the rankings.
  • Blockchain showed the next largest jump, rising from seventh place to tied for fourth.
  • Artificial intelligence maintained its strong position, placing third in this year’s survey.
  • Industry leaders most frequently cited the bottom line impacts of “improved business efficiencies”, “increased profitability”, and “cost reductions” as the top benefits of adopting transformational technologies. This implies that they are uncertain about how new technologies can transform their business models to grow revenue and market share, and are instead more focused on leveraging them to take costs out of their business.
  • “Unproven business case” was the top challenge cited with adopting new technologies.


Tech hubs

  • For the first time in our survey, more than half of the respondents (58 percent) believe that the innovation center of the world will move away from Silicon Valley in the next four years.
  • New York was ranked as the leading innovation hub outside Silicon Valley. Beijing was second. Tokyo and London tied for third, and Shanghai and Taipei tied for fifth. 
  • The U.S. and China held on to the top two spots in the survey rankings for countries expected to produce the most disruptive technologies (23 percent versus 17 percent).
  • There are several local environment factors that companies should consider when looking to acquire a company, or build a new HQ, satellite office, or R&D center. These include, but are not limited to, a pipeline of skilled talent, the anchor of a research-intensive university, a favorable regulatory environment, generous tax and other government incentives, and available investment funding.

     

 

 

 

 



Almost six in ten think the technology innovation center of the world will move from Silicon Valley in the next four years.

Percentage do not sum to 100% due to rounding.
Source: KPMG Technology Industry Innovation Survey, 2019


 

Likelihood your company will implement blockchain technology in the next three years

Source: KPMG Technology Industry Innovation Survey, 2019

Blockchain for technology companies

  • 15 percent of global technology company CIOs report they have already made moderate or significant investment in blockchain technology.
  • 41 percent of global technology industry leaders expect to implement blockchain technology in the next three years.
  • Almost half (48 percent) believe it is likely that blockchain will change the way their company does business in the next three years.
  • The greatest disruption resulting from blockchain is anticipated to take place in the area of IoT processes (tracking upgrades, product refills, warranties, etc.).
     

 

 

 

 

 

 

 


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