Organizations in the Kingdom are advancing digital transformation. Image Courtesy: KPMG Riyadh: KPMG has released its latest annual technology report, “Beyond the Hype: Balancing Speed, Security, and Value,” providing insights into the country’s digital transformation. Based on a global survey with 2,450 global technology executives – including 70 based in Saudi Arabia – the report explores how organizations adapt to fast-changing technologies, optimize investments, and tackle challenges like technical debt and cybersecurity. A key theme is the fear of missing out (FOMO), which drives some organizations to adopt emerging technologies rapidly. While urgency is understandable, it carries risks if not guided by evidence-based approaches. “This year’s findings underscore the tremendous progress Saudi Arabia is making in its digital transformation journey, driven by a strategic focus on balancing innovation with resilience. As organizations prioritize emerging technologies like AI and Everything-as-a-Service (XaaS), it’s clear that evidence-based decision-making and addressing foundational challenges such as technical debt are critical to unlocking long-term value,” said Robert Ptaszynski, Partner, Head of Digital & Innovation at KPMG. Organizations in the Kingdom are advancing digital transformation, with 75% reporting increased profitability from tech investments in the past 24 months, commonly between 11% and 15%. This success stems […]