While India has made significant progress on the innovation front, US and China will remain at the forefront of global technological innovation with the cloud-enabled consumer technology and business transformation for enterprises leading the chart, a KPMG survey has said.
"Technology executives worldwide believe that China and the US will be at the forefront of technological innovation, with the cloud technology enabling both the next indispensable consumer technology and business transformation for enterprises," it said.
According to the survey, mobile technologies will continue to build on the cloud platform, providing breakthroughs to transform businesses.
The 'Global Innovation Survey' by the consulting giant pointed out that India has also made significant progress in the path of innovation. KPMG surveyed executives from technology industry start-ups, mid-sized to large enterprises, venture capital firms and angel investors to identify disruptive technologies.
"India has made substantial and rapid strides on the path of innovation-based development and managed to adapt and implement a number of measures to support this development."
The Indian Government has also invested significantly in technology. Communication technology like 3G has already made a mark in the country and the introduction of 4G will be a key enabler for most of the businesses, the survey said.
"The cloud platform has been leveraged and several e-governance initiatives have been launched. While the Government is one of the primary pillars to drive innovation and cutting-edge technology, involvement of the private sector is equally important for swift and effective enablement."
The survey report noted that China will challenge the leadership of US in the field of technological innovation.
"There will be a potential challenge to Silicon Valley's position as technology innovation centre."
The survey listed Apple as the top innovator in the world followed by Google and Microsoft.