Australian Tech Professionals Finding it Challenging to Keep Up with Pace of Technological Advancements – Report

Most Australian tech professionals (81%) feel it is challenging to keep up with the pace of change, with 76% acknowledging their own role has evolved significantly over the last couple years, according to research from KPMG.

Research for the KPMG Global Tech Report has recently revealed that Australian organizations are spreading their investment across technology domains, with a focus on XaaS (83%) and AI (66%) in the upcoming year.

For the most part, Australian organizations have “informed their decision making by utilizing guidance from third parties (95%) and proof of concept testing (92%).”

But the study identifies “high-performing” companies that are 22 percentage points more likely than other organizations to “rely on customer feedback to inform investment decisions.”

The KPMG Global Tech Report surveyed 2,450 executives from 26 countries, including 138 from Australia, focusing on “how tech leaders can avoid purely reactive tech investment by seeing past the hype and effectively balancing speed, security and value.”

The research study revealed that 70% of Australian tech leaders see AI as a game changing tech with 74% respondents saying AI is “already increasing the productivity of their knowledge workers and improving the overall performance of their organization.”

However, despite these developments, merely 28% of Australian leaders have “successfully deployed AI at scale.”

The research found that Australian organizations were very similar to their global counterparts in “terms of general tech maturity.”

On average across tech domains measured in 2023 and 2024 there was an increase of 12 percentage points in “the number of organizations at the highest level of tech maturity (defined as organizations actively progressing business goals and proactive in adapting strategy as needed).”

Overall, measurable gains are being made in Australia:

  • 87% of organizations have managed to use tech to achieve higher profits (a 25 percent point increase in respondents compared to 2023).
  • 55% have achieved profit uplifts in excess of 10% from digital transformation in the last 24 months.
  • 87% of respondents that have implemented AI initiatives are already generating measurable value.

However, barriers remain, according to the report:

  • 82% of respondents expect AI to pose challenges to existing operational structures.
  • 76% of technology execs say they leverage customer feedback to make tech investment decisions, however only 21% say they are very confident in using customer feedback effectively overall.
  • The most common challenge likely to slow down tech transformation was ineffective governance (39%), and cybersecurity or privacy concerns (36%) of respondents relating to these issues.


Sponsored Links by DQ Promote

 

 

 
Send this to a friend