Cybersecurity & Risk Aversion Slowing Digital Transformation, Says KPMG

KPMG International has published its KPMG global tech report 2024 , which explores the tech strategies employed by organizations across the globe to deliver value against a backdrop of swift tech advancements and the accompanying industry excitement. It also examines how organizations have balanced their need to keep up with the pace of change with the importance of prioritizing initiatives based on their business value despite the temptation to make hurried business decisions for fear of falling behind or missing out. According to the new report in which more than 2,450 tech execs worldwide were surveyed, the industry is getting better at identifying and delivering value with many areas displaying measurable improvements on last year. It should come as no surprise that the undeniable pace of tech change led to over three quarters of the respondents sharing that they worry they struggle to keep up; however, this concern was counterbalanced by 87 percent of respondents reporting higher profits thanks to their tech investments — a 25 percent increase on 2023. This encouraging stat is perhaps on account of organizations adopting a more balanced view when considering their tech investment, with 53 percent strategically evaluating their tech investment portfolio to […]

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