The Top Hot Spots and Drivers of Innovation
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The Top Hot Spots and Drivers of Innovation
A survey lists the companies and nations at the forefront of innovation and shows how firms cultivate an innovation culture and motivate workers to be inventive. -
Nations With the Most Potential for Disruptive Tech Breakthroughs
United States: 26%, China: 25%, India: 11%, United Kingdom: 10% -
Top Companies for Tech Innovation
Google: 20%, Apple: 15%, Microsoft: 12%, IBM: 7% -
Leading Global Tech Innovation Visionaries
Elon Musk (SpaceX, Tesla): 13%, Tim Cook (Apple): 9%, Jack Ma (Alibaba): 8%, Larry Page and Sundar Pichai (Google): 8% -
Creative Sparks
35% of the global technology leaders surveyed said their chief innovation officer drives much of the innovation in their company, and 18% said their R&D department does. -
Meaningful Metrics
35% said their organization measures the value of innovation efforts through the number of patents obtained, while 34% cited revenue growth, and 33% said they measure brand and reputation barometers. -
Innovation Enablers: People and Tech
58% of the tech leaders surveyed said the availability of talent has emerged as a key tech innovation driver, while 57% cited access to tech infrastructure. -
Innovation Enablers: Customers and Partners
55% said the ability to increase customer adoption is a key tech innovation driver, and 54% cited access to alliances, partnerships and capital, as well as educational programs. -
Inspiring the Troops
27% said the most effective way to motivate employees to pursue innovation is through financial incentives, while 24% said it's with the promise of career advancement. -
Where Innovation Happens
Strategic planning sessions: 34%, Business unit activity: 31%, Think tanks, incubators, innovation centers: 29%, IT organizations: 29%, Innovation committees and steering groups: 28%
Global technology leaders still consider the United States at the forefront of innovation, but China is catching up, according to a recent survey from KPMG. The accompanying report, "The Changing Landscape of Disruptive Technologies," also ranks the top global companies and visionaries for innovation. Beyond the lists, the findings reveal how companies are cultivating an innovation culture. A great many survey respondents, for example, said their organization has appointed a chief innovation officer to lead these efforts. In addition, they're measuring progress through patents earned, revenue growth, and brand and reputation barometers. They're also keenly focused on motivating employees to pursue disruptive advances, most frequently through financial incentives and career growth opportunities. "Technology continues to enable an unprecedented rise in creativity across the world to solve business problems and develop new markets in ways never thought possible," wrote Tim Zanni, global and U.S. chair of the media and telecommunications practice for KPMG Technology, in a forward for the report. "At the same time, the success of Silicon Valley's entrepreneurial culture continues to incentivize countries all over the world to become leading technology innovation hubs. ... Global and cross-industry collaborations and partnerships are key to staying ahead, as is learning how to embrace change in a nimble way to avoid the status quo for fear of failure or uncertainty." More than 800 global technology leaders took part in the research.