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Few firms prepared for business disruption

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To deal with these disruptions, executives from the fastest-growing businesses said they are investing in emerging technology, industry-specific technology, and specialized talent at a much higher rate than their slower-growing counterparts.

Fully 34 percent are investing in talent with emerging technology expertise vs. 17% for slower-growing firms; 30% vs. 18% are investing in talent with industry expertise; 25% vs. 19% are utilizing Cloud computing such as IaaS, PaaS and SaaS; only 25% of faster-growing firms vs. 34% are spending time updating "legacy" enterprise systems; and 39% of faster-growing firms vs. 29% spend more time leveraging industry-specific technology advancements.

TOP FIVE DISRUPTORS WITH THE MOST OPPORTUNITY

Those surveyed also listed the Top Five Disruptors they saw as creating the most opportunity for their businesses, if leveraged effectively. These are:

  • Instantaneous/ubiquitous data access
  • Digitally enabled consumers
  • Multi-generational workforce
  • Global business complexity in their industry
  • Accelerated growth of enterprises

"The fastest-growing and the most profitable organizations are increasingly – and smartly – leveraging these disruptors to continually deploy new business models, accelerate decision-making, convert data into valuable knowledge and focus on the customer," said Steve Chase, KPMG's U.S. Advisory Management Consulting leader.

In fact, survey respondents whose companies were generating a profit of 11% or greater reported making 25% higher-than-average investments in digital and mobile. Areas of investment include engaging with customers, growing the digital enterprise and enabling a mobile workforce.

 

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