The CxOs & Innovation Series

Delivering Value Through
Emerging Tech & Innovation

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Join Innovation Leader today to get unlimited access to this and 25 other research reports. Additional member benefits include: access to articles, case studies, downloadable tools and templates, live and on-demand webcasts, special member rate on conferences and events, and much more!

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Four powerful dynamics are at play in today’s landscape:

  1. Record amounts of venture capital funding are pouring into the global startup ecosystem.
  2. Established technology vendors are increasingly placing big bets on emerging technologies, and using their throw weight to promote them (as one example, Facebook recently changed its name to Meta to emphasize the “metaverse.”)
  3. Customers expect their interactions with all companies — not just nimble startups — to be frictionless, accessible 24/7, and predominantly digital, whether that involves texting, speaking, or clicking.
  4. Supply chain disruptions and hiring/turnover challenges are intensifying the demand for solutions related to sourcing, recruiting and retention, automation, and operational efficiency.

To respond intelligently to those dynamics, large organizations need to dramatically improve their ability to scout, test, and deploy emerging technologies.

This research initiative is a continuation of our CxOs & Innovation series. The objective: to be helpful to C-suite leaders and other professionals responsible for evaluating new technologies and leveraging them to drive growth, competitive advantage, and stronger customer relationships. (Earlier reports in the series include The New Imperatives: Innovation, Agility, and Openness, The Changing Role of the Innovation Leader, and A New Vision for Corporate Innovation.)

This 35-page mini-report includes data from a survey fielded in September and October 2021. We also conducted qualitative interviews with leaders in a range of industries, from retail to financial services to distribution to technology.

This research project was produced by Innovation Leader and sponsored by KPMG LLP.

KPMG




Join Innovation Leader today to get unlimited access to this and 25 other research reports. Additional member benefits include: access to articles, case studies, downloadable tools and templates, live and on-demand webcasts, special member rate on conferences and events, and much more!

Become a registered user using the form below for free to download a 16-page PDF excerpt of this report.

If you are already a member or registered user, you can sign in. Members can access the full report on this page.

KPMG Insights

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Make the Right Bets on Emerging Technologies

2021-12-08T15:45:00+00:00By Martin Sokalski, Greg Corlis, and Michael Krajecki, KPMG LLP

The term “unprecedented disruption” has been so overused it has almost lost its meaning. However, as the pandemic continues to turn business models on their heads, it is increasingly clear that the future of business is being rewritten before our eyes. This piece offers five tips for making the right bets on emerging technologies — today — to ensure that digital disruption is deliberate and strategic.

Sample Data from the Report

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Table of Contents

Welcome Letter 3

About this Project 5

Executive Summary 6

Clear Criteria are Missing at Most Companies 7

Comments: Criteria for Prioritizing Emerging Tech 8

Executive Perspective: Best Buy 11

How Do You Identify Emerging Technologies Worth Exploring? 12

Which Sources are Most Useful? 13

Executive Perspective: Retail Business Services 14

Why Do Emerging Technology Projects Get Killed? 15

Comments: Why Do Projects Get Killed? 16

Executive Perspective: iRobot 17

Innovation Metrics That Matter to Senior Leadership 18

Executive Perspective: Dell Technologies 19

KPMG Insight: Make the Right Bets on Emerging Technologies 20

Executive Perspective: AmerisourceBergen 23

Where Emerging Tech is Expected to Have an Impact 24

Executive Perspective: Fidelity Investments 25

Key Questions: How Do Priorities Get Set? 26

Key Questions: What’s the Defined Need or Opportunity? 27

Executive Perspective: MetLife 28

About the Respondents 29

Executive Perspective: PTC 33

About KPMG, Our Research Sponsor 34

About Innovation Leader Research 35

Other Reports in This Series

  • KPMG2021_FeaturedImag

    The New Imperatives: Innovation, Agility & Openness

    2021-06-07T16:45:00+01:00

    For some, the period between March 2020 and March 2021 may have been a time in which innovation accelerated. But for other companies, spending a year or more in “fast twitch” responsive mode, versus planning for future growth, may have created an innovation deficit. Get data about how 250+ of your peers are responding.

  • new-vision-feat

    A New Vision for Corporate Innovation

    2020-10-05T14:12:00+01:00

    Amidst the disruptions sparked by the COVID-19 pandemic, how should C-level leaders be planning for the future and supporting innovation? With so many priorities demanding their immediate attention, how should they make space to think about the medium- and long-term? This report features quantitative data from a survey of 200-plus professionals responsible for innovation and growth, along with interviews with CEOs, CTOs, and Presidents at companies like W.L. Gore, Stanley Black & Decker, and UPS.

  • cxos and innovation feat img

    The Changing Role of the Innovation Leader

    2020-06-16T14:05:00+01:00

    How is the mandate for corporate innovation professionals evolving? What outcomes are C-suite leaders expecting? How does diversity, equity, and inclusion connect to innovation? This research report, part of our “CxOs & Innovation” series, features quantitative data and interviews with executives at Johnson & Johnson, Stanley Black & Decker, John Hancock, and more. It also focuses on how large organizations are navigating the COVID-19 pandemic.