Global Technology Innovation Center

Insights on the many different aspects of technology innovation



The new employee deal in the technology industry

How COVID-19 and the ESG movement are redefining the workplace

 

 

 

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The ESG imperative for technology companies

As the world recovers from COVID-19, technology companies will be asked to report their performance through an ESG lens.

What tech companies are THINKING about ESG

#1


Environmental/climate change is the biggest risk to growth1

 

86% think the tech industry requires more regulation and standards in the area of sustainability2

74%


of tech CEOs feel it is their personal responsibility to ensure their ESG policies reflect their customer's values1

 

79% agree that their organization's growth will be determined by their ability to shift to a clean technology economy1

57%


agree they must look beyond financial growth to achieve sustainable success1


What tech companies are DOING about ESG

 

26% have significant incorporation of ESG into their strategic planning2

34%


say climate change is having a high impact on their company's investment/funding2

 

45% are struggling to link their growth strategy with a wider societal purpose1

55%


feel their sustainability experts are very effective1

 

37% belive their governance experts are very effective1
 


 

1Global CEO Outlook, KPMG International 2019
2Technology Industry Innovation Survey, KPMG LLP(U.S.), 2020


Investment in technology innovation 

  • Tech companies are indeed investing in technologies they believe to be transformative.
  • Internet of Things (IoT) is the top technology that tech companies are investing in today and plan to continue investing in three years from now.
  • Forty-four percent of tech company leaders expect significant return on investment (ROI) within the first six months of implementing an innovative technology, and 71 percent expect it within the first year.
  • A significant number of large tech enterprises (40%) show very conservative investment (<$10 million annually) in innovation driven by emerging technologies.
  • By following a new model of dynamic investing, tech companies could achieve faster pivots on technology bets and more quickly capitalize on innovation opportunities.

 

 

 

 

 

 

Timing to achieve significant ROI on innovative technologies

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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