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KPMG has released its global technology innovation report for 2016-2017 which discusses the cities, countries, people and companies driving innovative development worldwide.
One of the Big Four auditors in the world, KPMG’s Changing Landscape of Disruptive Technologies 2017 is based on data gathered from KPMG’s annual survey of over 800 global technology leaders, from start-up entrepreneurs to Fortune 500 executives.
According to the report, The U.S. (26% votes) leads in disruptive technology breakthroughs with China (25% votes) following closely behind. The previous year, the U.S. was named by 26% of industry leaders while China had only 23%, underscoring the growth China has been able to achieve.
The survey also asked which cities will be seen as leading technology innovation in the next four years. Topping the list was Shanghai, followed by New York, Tokyo, and Beijing.
Industry leaders named Elon Musk as the top person emerging as a global innovative visionary. Following Musk were Tim Cook, CEO of Apple, and a three-way tie between Jack Ma (CEO of Alibaba), Larry Page (CEO of Alphabet, Google’s parent company), and Sunda Pichai (CEO of Google).
Google led the way as the top innovative company identified by industry leaders. Close behind were Apple, Microsoft, IBM, and a tie between Amazon and Tesla.
Over 35% of those surveyed named the Chief Innovative Officer as the person in their company who has the role of guiding innovation within the company.
KPMG asked global leaders to list key metrics their companies use to quantify the value of innovation. Number of patents took the top spot with 35% followed very closely by revenue growth, brand/reputation barometer, market share, market value, and ROI.
Respondents were also asked to list where their companies identify and nurture innovation the most. The top result globally went to strategic planning.
The report took a detailed look at actual progress made toward technology innovation in 15 key countries around the world: Australia, Canada, China, Germany, India, Ireland, Israel, Japan, Korea, Russia, Singapore, South Africa, Taiwan, UK, and the U.S. Every country analyzed had several specific examples of real concrete gains in technology innovation, in both the public and private sectors.
Excerpts and content: Crowdfund Insider. Image and original source; KPMG
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