KPMG: investments in technology have brought profits to 87% of companies.

Technology is a key success factor for modern companies

According to the KPMG Global Tech Report 2024, technology is a key factor of success for modern companies, and 87% confirm that their investments in technology bring profit growth, which is 25% higher than in 2023.

Most organizations are satisfied with the results of their technological solutions

The study also indicates that most organizations use an evidence-based approach to evaluate their technology portfolios, and 80% of leaders with a high level of maturity in data are satisfied with the results of their technological solutions.

Cybersecurity issues may slow down digital transformation

However, cybersecurity and privacy issues may slow down digital transformation, as 35% of organizations intend to improve their data security measures in the next year. Artificial intelligence is already helping to increase the productivity of specialists in 74% of companies, but 78% believe that the rapid pace of change complicates their implementation. Moreover, many enterprises are only partially developing a data-driven culture and consider this to be one of the most effective methods of achieving business goals.

Many companies consider artificial intelligence a 'black box'

The report also indicates that many companies consider artificial intelligence a 'black box' that slows down its implementation. Furthermore, a significant obstacle to responding to market changes is centralized decision-making.