Insight

Every industry is tech

Dive deeper into the disruptive technologies that are having the greatest impacts across industries.

Eric Davis

Eric Davis

Managing Director Account Relationships, Advisory BDO, KPMG US

+1 408-367-1528

Mark Gibson

Mark Gibson

Partner, Advisory, NSL & Teams, KPMG U.S.

+1 206-913-6558

In today’s business landscape, every industry is tech, and tech operates within every industry. Disruptive new technologies, such as artificial intelligence (AI), automation, and cloud computing have impacted all industries to varying degrees. For legacy firms in nontech industries, this has meant that they have had to find innovative ways to incorporate technology throughout their organizations. This has required them to build their own tech capabilities, collaborate with tech companies, or acquire new tech companies. On the other end of the spectrum are companies that were founded as tech companies that then entered nontech industries. For example, one major tech company has been entering the healthcare space over the past few years via acquisitions and large-scale partnerships, as well as through its cloud and voice tech capabilities. In many cases, these tech companies create competitive challenges to more traditional players who have not yet digitally evolved. In other cases, tech companies provide services to or are fully acquired by legacy firms. Finally, some companies in the construction industry have even started creating and selling their own technology-based products, which have resulted in them becoming tech companies themselves.

All these cases make one trend clear: To survive and thrive in their respective industries, companies will need to adapt to a continuously evolving, tech-driven world.

Overview of Major Topics and Technologies Discussed

  • Digital transformation
  • Cybersecurity
  • Cloud computing
  • Data analytics
  • AI and Machine Learning (ML)
  • Blockchain/Crypto
  • Robotic process automation (RPA)
  • 3D printing
  • 5G