KPMGglobaltechreport2023Securevaluebynavigatinguncertaintywithconfidence.KPMG.MaketheDifference.KkPpMmGggl.ocboalmte/chtercephorretp20o2r3t20231Foreword3Bedetermined,notdeterred.Despitetheheadwindsofglobal©2023CopyrightownedbyoneormoreoftheKPMGInternationalentities.KPMGInternationalentitiesprovidenoservicestoclients.Allrightsreserved.economicuncertainty,digitaltransformationleadersthatarecommittedtotheirinnovationprioritiescontinuetorealizevalueatpace.Byaligninginvestmentintechnologywiththeirstrategicambitions,theseorganizationsareupholdingmomentum.Whenitcomestodigitaltransformation,ahesitantmindsetcouldprovecostly,andnotjustbecausecompetitorswillcontinuetoinvest:newtechnologiescangivebusinesseswaystodealwiththedifficultmarket.ThegoodnewsisthatthelatestKPMGresearchsuggeststhatmanyorganizationsrefusetobeblownoff-track.Inthisyear’seditionofourglobaltechreport,technologyprofessionalsareresolute.Someleadingorganizationsarealreadygeneratingprofitfromtheirinvestmentsinemergingtechnologies—andarecopingwellwithprioritiessuchastheenvironmental,socialandgovernance(ESG)agenda.KPMGglobaltechreport2023Thisisnottodownplaythechallenges.Notably,67percentofTechontrackEmergingtechbuy-inhasleaptforwardtechnologyleaderssaytheyarenowexpectedtodomorewithsmallerbudgetsthantheywerelastyear:72percentand69percentofAsia-Inlastyear’...
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