Agent_47
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Technology executives worldwide believe that the United States, China and India are the top three countries with the potential to drive technology breakthroughs that will have a global impact in the next four years
India is the place to watch for innovation as the country ranked third in the list of the most promising countries for disruptive breakthrough and topped the technology innovation confidence index with a score of 72 under the Global Technology Innovation Survey by KPMG, which was released on Thursday, 18 July.
The high confidence Indias technology leaders have in their own countrys prospects spans several of the 10 factors. High marks were given for talent, mentoring, ability to drive customer adoption, technology breakthroughs, and technology infrastructure with the lowest rating reserved for government incentives.
India also ranked second in becoming the leading innovation center for the world and fourth most friendliest technology innovation country.
India topping the innovation confidence index is a confirmation of business leaders faith in the countrys technological capabilities. Despite several concerns on data privacy and local technological infrastructure, the outlook for the sector is largely positive, said Pradeep Udhas, head of Markets, KPMG India.
The government can assist the technology sector by enabling easier access to capital through investor-friendly policies and strengthening IP protection laws.
Technology executives around the world believe the US and China are the top 2 countries with the greatest potential to drive technology breakthroughs with a global impact in the next four years, according to a KPMG survey. However, fewer believe Silicon Valley will remain the innovation centre of the world.
Israel ranked second (71), as the country received high ratings from its tech business leaders for technology breakthroughs, talent, technology infrastructure, and mentoring and access to innovation network, while government incentives earned the lowest rating.
The US ranked third with an index of 65, as US respondents judged their own countrys tech prowess the strongest in tech infrastructure, access to alliances and partnerships, talent, and technology breakthroughs, and weakest in educational system and government incentives. China ranked fourth with a score of 64.
The survey was on the basis of availability of talent, development of disruptive technology breakthroughs, mentoring and access to innovation network (Founders, CEOs, etc.), access to alliances or partnerships, supporting ecosystem (law firms, VCs, etc.), access to capital, education system, ability to drive customer growth and government incentives.
KPMG, US surveyed 811 business executives globally, whose organisations were focused on the technology space, 34 per cent of the respondents were in the Americas, 37 per cent in Asia Pacific, and 30 per cent in Europe, Middle East and Africa. 25 per cent of respondents were from the United States, 12 per cent from China and 9 per cent from India.
KPMG's survey debuts a confidence index gauging each country's prospects for tech innovation. The index is based on tech leaders in each market rating their country on ten success factors including talent, infrastructure, incentives, and capital.
Pradeep Udhas, Head of Technology and Markets, KPMG in India, said: "In the field of technology, India's farsightedness and focus on innovation have helped it seize the third spot in the 2013 Global Tech Innovation Index. That's not all; India's topping the Confidence Index is a confirmation of business leaders' faith in the country's technological capabilities. Despite several concerns on data privacy and local technological infrastructure, the outlook for the sector is largely positive. The government can assist the technology sector by enabling easier access to capital through investor friendly policies and strengthening IP protection laws".
In a change from last year's survey, 37 per cent of the respondents said the United States shows the most promise for disruptive breakthroughs, while China ranked second with 24 per cent, and India came third with 10 percent, followed by Korea (7 per cent), Japan (6 per cent) and Israel (6 per cent). The US and China had tied for the top spot in the 2012 survey.
Survey respondents' belief in the US as the top tech innovator in the global ranking also translated to fewer executives (33 per cent) than in 2012 (44 per cent) saying it is likely that the technology innovation center of the world would shift from Silicon Valley to another country in the next four years. Not surprisingly, only 25 percent of the US respondents believed the shift is likely. However, 64 percent of respondents from India predicted the center will shift, compared to 48 per cent last year. 49 per cent of respondents from China predicted a shift, compared to 60 per cent last year. Among respondents who believed the center would shift, China again is seen as most likely to become the leading innovation center followed by India.
- See more at: India Tops Tech Innovation Confidence Index
India is the place to watch for innovation as the country ranked third in the list of the most promising countries for disruptive breakthrough and topped the technology innovation confidence index with a score of 72 under the Global Technology Innovation Survey by KPMG, which was released on Thursday, 18 July.
The high confidence Indias technology leaders have in their own countrys prospects spans several of the 10 factors. High marks were given for talent, mentoring, ability to drive customer adoption, technology breakthroughs, and technology infrastructure with the lowest rating reserved for government incentives.
India also ranked second in becoming the leading innovation center for the world and fourth most friendliest technology innovation country.
India topping the innovation confidence index is a confirmation of business leaders faith in the countrys technological capabilities. Despite several concerns on data privacy and local technological infrastructure, the outlook for the sector is largely positive, said Pradeep Udhas, head of Markets, KPMG India.
The government can assist the technology sector by enabling easier access to capital through investor-friendly policies and strengthening IP protection laws.
Technology executives around the world believe the US and China are the top 2 countries with the greatest potential to drive technology breakthroughs with a global impact in the next four years, according to a KPMG survey. However, fewer believe Silicon Valley will remain the innovation centre of the world.
Israel ranked second (71), as the country received high ratings from its tech business leaders for technology breakthroughs, talent, technology infrastructure, and mentoring and access to innovation network, while government incentives earned the lowest rating.
The US ranked third with an index of 65, as US respondents judged their own countrys tech prowess the strongest in tech infrastructure, access to alliances and partnerships, talent, and technology breakthroughs, and weakest in educational system and government incentives. China ranked fourth with a score of 64.
The survey was on the basis of availability of talent, development of disruptive technology breakthroughs, mentoring and access to innovation network (Founders, CEOs, etc.), access to alliances or partnerships, supporting ecosystem (law firms, VCs, etc.), access to capital, education system, ability to drive customer growth and government incentives.
KPMG, US surveyed 811 business executives globally, whose organisations were focused on the technology space, 34 per cent of the respondents were in the Americas, 37 per cent in Asia Pacific, and 30 per cent in Europe, Middle East and Africa. 25 per cent of respondents were from the United States, 12 per cent from China and 9 per cent from India.
KPMG's survey debuts a confidence index gauging each country's prospects for tech innovation. The index is based on tech leaders in each market rating their country on ten success factors including talent, infrastructure, incentives, and capital.
Pradeep Udhas, Head of Technology and Markets, KPMG in India, said: "In the field of technology, India's farsightedness and focus on innovation have helped it seize the third spot in the 2013 Global Tech Innovation Index. That's not all; India's topping the Confidence Index is a confirmation of business leaders' faith in the country's technological capabilities. Despite several concerns on data privacy and local technological infrastructure, the outlook for the sector is largely positive. The government can assist the technology sector by enabling easier access to capital through investor friendly policies and strengthening IP protection laws".
In a change from last year's survey, 37 per cent of the respondents said the United States shows the most promise for disruptive breakthroughs, while China ranked second with 24 per cent, and India came third with 10 percent, followed by Korea (7 per cent), Japan (6 per cent) and Israel (6 per cent). The US and China had tied for the top spot in the 2012 survey.
Survey respondents' belief in the US as the top tech innovator in the global ranking also translated to fewer executives (33 per cent) than in 2012 (44 per cent) saying it is likely that the technology innovation center of the world would shift from Silicon Valley to another country in the next four years. Not surprisingly, only 25 percent of the US respondents believed the shift is likely. However, 64 percent of respondents from India predicted the center will shift, compared to 48 per cent last year. 49 per cent of respondents from China predicted a shift, compared to 60 per cent last year. Among respondents who believed the center would shift, China again is seen as most likely to become the leading innovation center followed by India.
- See more at: India Tops Tech Innovation Confidence Index
