KPMG research study: Global tech leaders bet on IoT, robotics, AI to propel growth through 2021

KPMG research study: Global tech leaders bet on IoT, robotics, AI to propel growth through 2021

A recent research study by KPMG, under its sixth annual publication series The Changing Landscape of Disruptive Technologies , which interviewed over 750 international technology industry leaders, 85 percent of whom are C-suite executives, found some interesting insights.

As per the study, a considerable number of the tech industry leaders believe that the Internet of Things (IoT), Robotics, and Artificial Intelligence (AI) have the maximum potential to digitally transform businesses, making them more efficient and customer-centered. As high as 21 percent of the tech industry leaders in the U.K., 20 percent of the tech leaders in Japan, and 16 percent of tech leaders in the U.S. opines that IoT will digitally transform their businesses by 2021. Technology leaders also view these core technologies propelling the greatest benefit to society, life, and environment.

As per the research study, 30 percent of the tech leaders all over the globe forecast that blockchain will disrupt their businesses by 2021. As high as 50 percent of tech leaders in Japan forecast that blockchain will digitally transform their companies and industries by 2021. The study also reveals that 27 percent of tech leaders all around the world expect IoT applications and data combined with blockchain to redefine their companies, industries, and supply chains.

The research reveals that 26 percent of tech leaders all over the world opine that e-commerce platforms and apps will be the most disruptive business model in their countries by 2021, while 19 percent view social media sites as the major new business model creators. Also, 14 percent of the tech leaders globally see autonomous vehicle platforms as disruptors, while 11 percent of global tech leaders view entertainment platforms as the major new business model creators.

As per the study, 50 percent of tech leaders view media, healthcare, and transportation to record the maximum digital transformation over the subsequent three years. A majority of the respondents cited Alibaba, Amazon, Facebook, Google, Netflix, and Uber as examples of firms that are expected to digitally transform their industries by 2021. Most of the tech leaders forecasted entertainment platforms to have the maximum potential to digitally transform the media industry in the U.S. by 2021.

The study also established that the respondent tech leaders forecast that the Internet of Things highest potential for adoption by 2021 is in education, consumer products, industrial manufacturing, services, and telecom. 11 percent each of the global tech leaders view that industrial manufacturing and healthcare is Artificial Intelligence s highest potential to digitally transform business models, while 10 percent each of the global tech leaders view that consumer, financial and services are Artificial Intelligence s highest potential to digitally transform business models.

To read the full report, click here: (https://info.kpmg.us/content/dam/info/en/techinnovation/pdf/2018/tech-disruptors.pdf)

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