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Laxman Pai, Opalesque Asia:

The appetite for leadership to embrace emerging tech has more than tripled from 10 percent to 38 percent in the last year as investments in major technologies such as AI and Cloud can increase performance and profitability, a study pointed out.

According to the KPMG global tech report 2023, 72 percent of digital leaders recorded improvements in employee productivity, a huge uplift attributed to digital transformation. AI is considered the most important technology for achieving short-term ambitions.

The report explores the technology strategies employed by organizations across the globe as they embark on the next stage of their digital transformation journeys. It also examines the opportunity presented by emerging technology to drive value and gain a competitive edge during a sustained period of unprecedented market volatility.

According to the new report in which more than 2,100 technology executives were surveyed and a series of in-depth discussions conducted, digital transformation leaders committed to their innovation priorities, continue to realize value at pace.

The largest group of respondents see technology investment driving profit or performance improvements of more than 10 percent, up from last year's most common rate of improvement of around 2.5 percent. Buy-in across leadership for the deployment of emerging tools and technologies has more than tripled with the top three areas of investment being artificial intelligence,......................

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