Global tech report 2024

Global tech report

Rapid advancements in technology promise endless potential, but Australia’s tech leaders are worried about falling behind – and risk making hurried, misguided and costly decisions.

To unlock the true value of transformation, organisations need to strike a balance between keeping up and being strategic, making evidence-based decisions to adopt solutions that are resilient, safe and responsible.

To understand if and how they are achieving this balance, we surveyed technology leaders in Australia and around the world.

The KPMG global tech report 2024 examines insights from 2,450 tech professionals spanning 26 countries and 8 industries. The report shares how they’re keeping up with the pace of technology and how high performers are looking beyond the hype to balance speed, security and value.

KPMG global tech report 2024

Beyond the hype: Balancing speed, security and value

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What's top of mind for Australian CIOs?

81%

worry about keeping up with the pace of change
76%

feel their role has evolved significantly over the past two years
83%

plan to invest in XaaS and 66% plan to invest in AI and automation in the next year
74%

are focused on new tech rather than uplifting existing tech
82%

prefer open collaboration for AI adoption (74% globally)
69%

experience disruptions to business-as-usual on a weekly basis due to flaws in foundational IT systems (57% globally)

When it comes to innovation, a dominant theme among Australian respondents is the fear of falling behind the competition. The truth, however, is more nuanced. The real leaders are those CIOs that see through the hype and find sustainable value without increasing risk or technical debt.

Tim Robinson

Partner in Charge, Technology Consulting

KPMG Australia

Key global trends for tech leaders

Our 2024 survey reveals four recurring themes among CIOs and technology executives:

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Identify value amid the hype

Relentless change is cultivating a fear of missing out. Technology leaders need to resist the hype and take a measured, strategic approach to new solutions.

Delivering resilient solutions

As data capabilities mature, they need to be repositioned as a core organisational competency, backed by security and governance.

Optimising value through evidence-based decisions

Evidence-based, traceable and value-driven decisions require insights from stakeholders, customers, employees and partners – and take an always-on approach to performance.

Scaling AI with confidence

Organisations are starting to realise the rewards of AI, but generating value at scale is still a challenge.

About KPMG's Technology Services

KPMG Australia helps organisations unlock the true value of digital transformation. Our technology specialists can help you set the vision for the future, execute digital transformation and deliver managed services. KPMG tech consulting practices have extensive experience across a range of tech capability areas and a global delivery network to support your digital transformation.