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Less than 30% of senior business leaders believe their technology foundation readiness is ‘very high’: KPMG

Ashley Lo
Ashley Lo • 2 min read
Less than 30% of senior business leaders believe their technology foundation readiness is ‘very high’: KPMG
The survey, which includes over 480 senior leaders, found that technological advancements are key to reshaping industries. Photo: Samuel Isaac Chua/The Edge Singapore
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Less than a third of senior leaders consider their technology foundation readiness to be very high, sitting at 29%, according to a new survey from KPMG International. 

KPMG’s 2024 global transformation survey comes at a time where technological advancements are rapidly reshaping industries, featuring insights from over 480 senior leaders and 1,600 line leaders at companies with at least US$500 million ($675.33 million) in annual revenues. 

Despite 76% of senior leaders indicating their belief that generative artificial intelligence (AI), neural networks, and digital twins will significantly enhance the likelihood of transformational success, the report found that enterprises are struggling to keep up. 

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