Technology leaders face high stakes in the AI race, finds new KPMG international report

KPMG International has released its latest flagship study, “The Intelligent Tech Enterprise: A Blueprint for Creating Value Through AI-Driven Transformation,” revealing that while 88% of tech leaders believe AI adoption is key to competitive advantage, only 47% are currently seeing significant ROI from their investments.

The report, based on insights from 1,390 global executives which includes 183 respondents from the technology sector. These leaders shared their experiences and perspectives on overcoming barriers to AI adoption, from dismantling legacy systems to addressing organizational inertia. We also tapped into our own experiences from helping KPMG clients on more than 500 AI engagements that outlined a clear, three-phase blueprint for technology companies to realize meaningful value from AI in three phases: Enable, Embed, and Evolve.

Sharing his views, Purushothaman KG, Partner and Head Technology Transformation, KPMG in India, said, “India’s tech ecosystem is uniquely positioned to leapfrog into ...