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U.S. And China Lead Tech Innovation And Disruption, Even As Innovation Spreads Globally: KPMG ReportSANTA CLARA, Calif., March 6, 2017 /PRNewswire/ -- Though other countries have made significant strides in innovation development, the U.S. and China continue as the most promising markets for technology breakthroughs that have global impact, according to KPMG's 2017 global technology innovation report. REPORT: www.kpmg.com/techinnovation Given their country ranking, it's not surprising that cities in the U.S. and China are expected to make up six of the Top 10 innovation hubs, outside of Silicon Valley/San Francisco, over the next four years. GRAPHIC - Top 10 innovation hubs outside Silicon Valley/San Francisco: http://www.kpmginfo.com/NDPPS/2017/560300/KPMG2017TechInnovationHubsgraphic.jpg KPMG VIDEO - What's driving innovation hubs growth: https://youtu.be/P3_dyTqrcm0 "What we have seen emerge over time is the result of countries and cities striving to replicate and build on the Silicon Valley tech innovation blueprint, and their increasing degree of success," said Tim Zanni Global and U.S. Chair, KPMG Technology, Media and Telecommunications practice. "One can debate whether or not replicating Silicon Valley is possible, but the benefits of the effort are undeniable." The report highlights key findings from a survey of more than 800 technology industry business leaders globally about technology innovation, leadership and market trends. Leading Countries Leading Cities 1. Shanghai; 2. New York; 3. Tokyo; 4. Beijing; 5. London; 6. Washington, D.C., Berlin and Chicago; 9. Tel Aviv and Boston. Innovation no longer just in R&D Tech industry business leaders are also seeing technology innovation development spread within companies. Respondents said innovation has expanded beyond traditional corporate R&D. In this year's survey, more respondents said that organizations emphasize and nurture innovation at the strategic planning stage than any other company functions, including IT and R&D. Strategic planning, business units, think tank/incubator, IT and the innovation committee all were listed ahead of research and development as places where innovation is spotted and nurtured in companies. While the U.S. findings were similar with the exception of "corporate development" in the top three, China respondents listed the IT and R&D organizations as the top two. "These findings confirm what we've been hearing from our clients and seeing in the market -- that innovation is a strategic business imperative for many organizations," said Zanni. Innovation Visionaries About the KPMG 2017 Global Technology Innovation report About KPMG LLP
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-and-china-lead-tech-innovation-and-disruption-even-as-innovation-spreads-globally-kpmg-report-300418042.html SOURCE KPMG LLP |