The Global Technology Innovation survey from KPMG International reveals that cloud and mobile are expected to continue to gain momentum as the most disruptive technologies in consumer and business markets over the next three years.
Biometrics and data and analytics (big data) technologies are also expected to develop as key breakthrough technologies.
KPMG surveyed 811 technology business leaders globally from technology industry startups, mid-sized to large enterprises, venture capital firms and angel investors to identify disruptive technologies, innovation trends and the scope of change.
According to Gary Matuszak, global chair, KPMG’s Technology, Media and Telecommunications practice and a partner with KPMG in the US, continuing developments in cloud and mobile, and the interplay of these technologies, are enabling new business models that take advantage of economies of scale, provide virtual access to supply chains and allow physical products to operate in the Cloud.
The survey findings indicate that tech leaders are bullish on the power of these technologies to continue to fuel innovation in the coming years and drive disruption in many industries. There will also be ongoing emergence of other technologies such as biometrics and artificial intelligence to prompt innovation opportunities in the next three to four years.
Survey respondents selected mobile, cloud, and biometrics (gesture/facial/voice) as the top three technologies that will enable the next indispensable consumer technology in the next three years. Technology leaders also selected cloud, mobile and data and analytics as technologies that would drive business transformation for enterprises.
Tech leaders in China however, differed from the global view in two ways.
Richard Hanley, Advisory Leader, KPMG in the US’s Technology, Media and Telecommunications practice said that China’s tech leaders placed artificial intelligence third, ahead of data and analytics as a business transformation driver, and ranked cloud ahead of mobile as the top choice to enable consumer technology.
On factors most important to fostering innovation, three-fourths of the tech leaders surveyed said that the availability of talent was the most important factor enabling technology innovation, followed by access to technology infrastructure (69%), ability to drive customer adoption (68%) and access to capital (66%).
Innovation incentives were among the top two most important factors in India (tied for first with infrastructure), Israel (tied for first with talent) and China (second most important).
Many survey respondents cited Bill Gates followed by Steve Jobs as leading global innovation visionaries, even though they had founded their companies years ago, and are no longer leaders in their respective companies. Larry Page and Elon Musk tied for third. Marissa Mayer joined the list as the only woman among the 19 visionaries identified worldwide.
The survey also identified Google as the top company driving disruptive innovation followed by Apple, Microsoft and Samsung.