Apple ranked as the top innovator globally, while in India it wasInfosys. The Indian IT bellwether, which has been attracting flak for its performance in recent months, was identified as the innovation leader in a global tech innovation survey done across Americas, Asia Pacific (ASPAC), Europe, the Middle East and Africa ( EMEA) by KPMG.
About 44% of the survey respondents felt Silicon Valley's famed position as the innovation center may be challenged, and the world's technology innovation center would shift from US to another country in the next four years. Almost 30% of the 668 business executives in the survey said China and the US show the most promise for disruptive breakthroughs with global impacts, while 13 per cent cited India.
""The pace of technology innovations today is happening at unparalleled speed and China's projected rapid rise to prominence as a technology leader would be another example of this," said Gary Matuszak, partner, global chair and US leader for KPMG's Technology, Media and Telecommunications practice.
"China's anticipated parity with the US tech sector shows the significant challenge facing the US to retain its position as an innovation leader. Other countries will continue taking steps to boost technology innovation and to attract tech entrepreneurs," he added.
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