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

By   /  July 18, 2017  /  No Comments

by Angela Guess

A new press release states, “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 ]”

The release goes on, “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.”

It continues, “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’.”

Read more at PR Newswire.

Photo credit: KPMG

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