3D Printing, IoT, Biotech/ Healthcare IT are top disruptive technologies
A trio of technologies - 3D printing, the Internet of Things (IoT) and biotech/ healthcare IT– has leapt into a list of disruptive technologies expected to have the most impact on consumers and enterprises over the next three years, according to a latest KPMG study.

The third edition of the “KPMG Global Technology Innovation Survey” garnered responses from 768 technology business leaders globally to identify disruptive technologies, barriers to tech innovation adoption and other key tech trends.

While Cloud and Mobile are expected to continue driving changes, each of this trio of technologies was selected by more than twice as many respondents as last year to move up the list of top disruptive forces.

Specifically, the top five disruptive technologies identified by global tech leaders to enable consumer technologies over the next three years are:
  • cloud, selected by 14 percent of respondents
  • mobile, chosen by nine percent
  • 3D printing, identified by eight percent
  • biotech/healthcare IT and IoT, each selected by seven percent of tech leaders.
As for technologies expected to drive business transformation for enterprises, Cloud still emerged tops with 14 percent of global tech leaders identifying it as a major force to be reckoned with.

Rounding up the list of top five disruptive technologies for enterprises are:
  • data & analytics (D&A) selected by 10 percent of respondents
  • mobile, chosen by nine percent
  • artificial intelligence and 3D printing, with each obtaining seven percent of votes.
These emerging technologies will enable new business models and fuel innovation in many industries.

Monetizing the Internet of Things
The Internet of Things and its applications are one example of a mobile-driven growth opportunity.

In the KPMG study, technology business leaders globally believed that retail/intelligent shopping (20 percent) has the greatest potential to generate revenue as a result of adoption of the Internet of Things, followed by home automation (14 percent), and surveillance/security and social interaction (both at 12 percent).

Industries that will experience greatest transformation
The survey also asked global tech leaders on their projections on which industries are likely to experience the greatest transformation in the next three years as a result of emerging technologies.

The five were technology (21 percent), consumer markets (12 percent), healthcare (11 percent) and automotive/transportation and manufacturing (tied at 10 percent).

Digital currency
Digital currency is one of the emerging technologies that may affect a sector or an industry and whether they are adopted widely as payment in the next few years depends on the country or region.

The percentage of respondents by region or country that said it is likely that digital currencies will disrupt banking and payments in the next three years: 15 percent U.S., 21 percent Americas, 32 percent EMEA, 39 percent globally, 53 percent Asia Pacific and 70 percent China.

Challenges to tech innovation and commercialization
The survey also captured the biggest challenges to innovation and commercialization. When asked which factors will limit/constrain innovation, more than one third, or 34 percent, of the tech business leaders globally said restrictive regulatory policies, while 29 percent cited consumer fatigue/pullback, and 27 percent said ability to demonstrate return on investment (ROI).

While talent and capital remain important factors required to fuel innovation, the survey findings revealed a shift in the metrics used to measure the value of innovation.

Globally, 36 percent of technology leaders surveyed said revenue growth was the top metric used in their organization to measure the value of innovation, compared to 47 percent a year ago. Some 30 percent, compared to 20 percent last year, said market value was the top metric.

As for the top barriers to commercializing technology innovation, survey respondents globally said the top barriers to commercialize technology innovation were security (27 percent), technology complexity (22 percent) and customer adoption (21 percent).
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