Welcome!

News Feed Item

Cognitive Technology To Spur Tech Industry Hiring Next 3 Years: KPMG Report

Plan to hire in several areas; AI and cognitive among technologies to have greatest impact on business transformation

SANTA CLARA, Calif., July 17, 2017 /PRNewswire/ -- To support emerging cognitive technologies such as cognitive computing, cognitive automation and robotics process automation, technology companies expect to increase hiring in several functions, including management, over the next 3 years, according to a new report by KPMG International, the audit, tax and advisory services organization.

To support emerging cognitive technologies such as cognitive computing, cognitive automation and robotics process automation, technology companies expect to increase hiring in several functions, including management, over the next 3 years, according to a new report by KPMG International, the audit, tax and advisory services organization.

The report, "Innovation convergence unlocks new paradigms," provides insights and highlights key findings about innovation and emerging technologies from two surveys – KPMG's 2017 Global CEO Outlook and KPMG's Global Technology Industry Innovation survey. [Report is available at https://info.kpmg.us/content/dam/info/tech-innovation/disruptive-tech-2017-part2.pdf ]

Over 75 percent of tech CEOs surveyed said they expect to increase headcount in IT to support the emergence of cognitive technologies; 64 percent anticipate increases in middle management; 62 percent in customer service; and 60 percent in sales and production. More than half anticipate increasing headcount in finance, research, HR, and marketing, with 43 percent expecting to add to senior management.

"The tech CEOs' commitment to hire across the board shows the strategic value they see in cognitive technologies, and they are building the organizational structure their company will require to execute their strategy," said Tim Zanni, global and U.S. chair of KPMG's Technology, Media and Telecommunications practice.

Cognitive is expected to be among the most impactful technologies for businesses. KPMG's report highlights that the Internet of Things, robotics and artificial intelligence/cognitive are the top technologies that will drive business transformation across all industries over the next 3 years, according to KPMG's tech innovation survey of technology industry business leaders globally.

"The convergence of emerging technologies is creating new market value and displacing existing products and services," said Zanni. "These technologies are driving profound changes in industries and business models as well as life, society and the environment."

Yet even as disruptive technologies develop rapidly, business leaders in the innovation survey have identified the top three factors that constrain innovation: platform consolidation, the ability to demonstrate return on investment and access to capital.

For business leaders to address platform consolidation, Zanni emphasized that they must be thorough in their innovation roadmap and "should assess the major platform companies and the disruption they are leading across products, industries, and business models." He underscored that "key considerations include defending against these platform companies, participating in their ecosystem, or becoming a platform."

The impact of emerging technologies is driving companies across industries to consider new ways to address and navigate the disruption. In the new report, KPMG defines its vision of the 21st century enterprise and how the workforce of the future, customer engagement, everything as a service, and the changing nature and value of assets are essential to companies finding a competitive edge.

"Platform companies are leading this revolution as the platform business model is one of the enablers of the redefined 21st century enterprise. All organizations should quickly understand that incremental innovations are not enough. This revolution requires companies to transform their organization across all functions and operations," said Zanni.

About the report
Innovation convergence unlocks new paradigms consists of key findings from the 2017 KPMG Global CEO survey of more than 1,200 CEOs (92 tech CEOs) across 11 key industries, conducted between February and April of 2017; and from the KPMG Global Technology Industry Innovation survey of 841 global technology industry leaders, representing startups, mid-market enterprises, large tech companies, and venture capital firms, conducted in November 2016.

About KPMG International
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 189,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Contact:  
Mike Alva   
KPMG LLP   
(415) 963-5426   
[email protected]   
Twitter: @michaelalva   
@KPMGUS_News  

View original content with multimedia:http://www.prnewswire.com/news-releases/cognitive-technology-to-spur-tech-industry-hiring-next-3-years-kpmg-report-300488917.html

SOURCE KPMG

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I'm here to leverage my secret sauce, which is using outsourced development and the company that I utilize is delaPlex Software and they've basically allowed me to win Fortune 500 companies," noted Justin Witz, CTO of FRA and PlanTools, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...