KPMG industrial manufacturing technology insights report
KPMG reports on the state of industrial manufacturing industry digital transformation, automation, artificial intelligence, and machine learning
Digital to the core
In May and June 2022, KPMG U.S. surveyed 1,052 U.S.-based, executive-level technology leaders across eight broad industry sectors. The 2022 KPMG U.S. Technology Survey Report covers the current state of their organization’s digital transformation journey, the challenges they are facing along that journey and their planned technology investments. This industrial manufacturing industry insights report highlights the most significant differences in the survey findings for the 150 technology leaders in the industrial manufacturing sector relative to all sectors represented in the survey.
Key findings
Industrial manufacturers have a mixed record on digital transformation. They are more likely than other companies to have completed their migration to the cloud and have enjoyed above-average success deploying artificial intelligence (AI). But they’re playing catch-up on cyber security, where many have underinvested. And they may be slower in progressing their digital transformation strategies overall compared with companies in other sectors.
2022 KPMG U.S. Technology Survey Report
Here are a few highlights:
Compared to those in other sectors, technology leaders at industrial manufacturing companies report impressive results in several areas:
- Have completed migration to the cloud and are now focused on continuous optimization and modernization (19% vs. 13%)
- Moving to the cloud has increased their speed to market (35% vs. 25%)
- Have progressed against strategy in AI & automation (55% vs. 40%)
Similarly, more report positive ROI on investments in certain technologies than other sectors:
- Natural language processing (71% vs. 61%)
- Robotic process automation (59% vs. 50%)
However, their progress hasn’t been uniformly successful:
- Have progressed against strategy in digital transformation (37% vs. 44%)
- Have progressed against strategy in cyber security (26% vs. 42%)
- Have seen improvements in IT system reliability or resilience as a result of migrating to the cloud (13% vs. 22%)
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