The UK’s “Tech City” cannot compete against the might of Silicon Valley and the rest of the US in terms of technology innovation, according to a recent survey.
Whilst this may not be greatly surprising considering the sheer scale of the States; being placed ahead of China by technology executives may be of interest.
The survey has been conducted by advisory firm KPMG, using a pool of 811 top technology business leaders worldwide from startups, mid-sized to large enterprises, venture capital firms and angel investors, to gain a rounded look at executives’ perspectives.
It certainly appears from the outside the US will be launching the next “disruptive technology breakthrough” over the course of four years.
Many industry observers would pitch wearable computing as the next big disruptor, and the majority of the most notable movements have been coming out of America.
Mountain View-based Google is the most obvious highlight here; with ‘Glass’ gaining a lot of interest (both good and bad). But it’s not just technology giants such as the web firm getting involved; but also start-ups like the massive Kickstarter success Pebble smartwatch.
It does however beg the question whether the UK needs to wake up and present itself as a bigger player in such an important industry; looking into where any problems may lie preventing innovation, such as lack of investment funding.
“Next Disruptive Technology Breakthrough” survey results:
United States (37%)
Japan and Israel (6%)
UK and Russia (1%)
Most interestingly, the survey highlights a big topic at the moment regarding lack of skills and tech-related education. With only 23% of UK respondents considering the education system to be contributing to driving innovation; which is less than executives from all the other major economies.
Tudor Aw, KPMG Head of Technology Europe comments: “This survey shows that at the moment the global Tech Community does not see the UK as hotspot for future technology innovation.”
He continues: “This underestimates the tremendous talent, creativity and favourable conditions we have in place. We need to do a better job of promoting Tech UK as a brand overseas so people understand all the strengths we have, as well as our existing world leading capability.”
What do you think about the results of this survey? Should the UK put more investment into developing skills to help drive future innovation?